Beazer Homes USA (NYSE:BZH) Pulls Back 4.7% This Week, but Still Delivers Shareholders Stellar 16% CAGR Over 5 Years
Beazer Homes USA (NYSE:BZH) Pulls Back 4.7% This Week, but Still Delivers Shareholders Stellar 16% CAGR Over 5 Years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For example, the Beazer Homes USA, Inc. (NYSE:BZH) share price has soared 112% in the last half decade. Most would be very happy with that. But it's down 4.7% in the last week.
当你购买一家公司的股票时,值得注意的是它可能会失败,你可能会损失你的钱。但从好的一面来看,如果你以合适的价格购买一家高质量公司的股票,你可能会获得超过100%的收益。例如,贝哲房屋美国公司(纽交所:BZH)的股价在过去五年中激增了112%。大多数人对此会非常满意。但在过去一周中,它下跌了4.7%。
Since the long term performance has been good but there's been a recent pullback of 4.7%, let's check if the fundamentals match the share price.
鉴于长期表现良好,但最近回调了4.7%,我们来检查一下基本面是否与股价相符。
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
沃伦·巴菲特在他的论文《格雷厄姆-道德斯维尔的超级投资者》中描述了股票价格并不总是合理地反映企业的价值。通过比较每股收益(EPS)和股价随时间变化的变化,我们可以了解到投资者对某家公司的态度如何随时间而变化。
During the last half decade, Beazer Homes USA became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the Beazer Homes USA share price is up 47% in the last three years. In the same period, EPS is up 4.3% per year. Notably, the EPS growth has been slower than the annualised share price gain of 14% over three years. So one can reasonably conclude the market is more enthusiastic about the stock than it was three years ago.
在过去的五年中,贝哲房屋美国公司开始盈利。有时,盈利的开始是一个主要的拐点,可能会预示着未来收益的快速增长,而这又证明了非常强劲的股价涨幅。鉴于该公司在三年前盈利,但五年前尚未盈利,因此值得关注过去三年的股价回报。我们可以看到,贝哲房屋美国公司的股价在过去三年中上涨了47%。在同一时期,每股收益每年增长4.3%。值得注意的是,每股收益的增长速度慢于三年来年化股价增长的14%。因此,人们可以合理地得出结论,市场对该股票的热情较三年前更高。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS随时间的变化情况(如果您单击该图像,则可以查看更多详细信息)。
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Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在购买或出售股票之前,我们始终建议对历史增长趋势进行仔细研究,可以在这里找到相关信息。
A Different Perspective
另一种看法
Beazer Homes USA shareholders are up 14% for the year. But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 16% over five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 2 warning signs for Beazer Homes USA (1 is a bit concerning!) that you should be aware of before investing here.
贝哲房屋的股东今年上涨了14%。但这低于市场平均水平。公司在长期业绩方面可能更加出色,过去五年为股东提供了每年16%的总回报率。这可能是一个值得关注的业务,因为随着时间的推移,市场的持续积极反响。尽管市场条件对股价可能产生不同影响,但还有其他更重要的因素。例如,我们发现了2个有关贝哲房屋的警示信号(其中1个让人有些担忧!),在这里投资之前,你应该意识到这些。
We will like Beazer Homes USA better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我们看到一些大额内部人员买入,我们会更喜欢贝哲房屋。在我们等待的同时,可以看看这份免费列表,其中包含最近有大量内部买入的被低估股票(大多数是小盘股)。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。