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Sociedad Química Y Minera De Chile (NYSE:SQM) Shareholders Have Earned a 14% CAGR Over the Last Five Years

Sociedad Química Y Minera De Chile (NYSE:SQM) Shareholders Have Earned a 14% CAGR Over the Last Five Years

Sociedad Química Y Minera De Chile(紐約證券交易所代碼:SQM)股東在過去五年中實現了14%的複合年增長率
Simply Wall St ·  05/21 22:10

The main point of investing for the long term is to make money. But more than that, you probably want to see it rise more than the market average. Unfortunately for shareholders, while the Sociedad Química y Minera de Chile S.A. (NYSE:SQM) share price is up 61% in the last five years, that's less than the market return. The last year has been disappointing, with the stock price down 31% in that time.

長期投資的要點是賺錢。但不僅如此,你可能希望看到它的漲幅超過市場平均水平。對於股東來說,不幸的是,儘管智利興業股份有限公司(紐約證券交易所代碼:SQM)的股價在過去五年中上漲了61%,但仍低於市場回報率。去年令人失望,當時股價下跌了31%。

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

讓我們來看看長期的基本面,看看它們是否與股東的回報一致。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

用本傑明·格雷厄姆的話來說:從短期來看,市場是一臺投票機器,但從長遠來看,它是一臺稱重機。考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。

During five years of share price growth, Sociedad Química y Minera de Chile achieved compound earnings per share (EPS) growth of 33% per year. The EPS growth is more impressive than the yearly share price gain of 10% over the same period. Therefore, it seems the market has become relatively pessimistic about the company. This cautious sentiment is reflected in its (fairly low) P/E ratio of 6.94.

在五年的股價增長中,智利興業公司實現了每年33%的複合每股收益(EPS)增長。每股收益的增長比同期10%的年度股價增長更令人印象深刻。因此,市場似乎對該公司變得相對悲觀。這種謹慎的情緒反映在其(相當低的)市盈率6.94上。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下圖描述了 EPS 隨着時間的推移是如何變化的(點擊圖片可以看到確切的值)。

earnings-per-share-growth
NYSE:SQM Earnings Per Share Growth May 21st 2024
紐約證券交易所:SQM 每股收益增長 2024 年 5 月 21 日

We know that Sociedad Química y Minera de Chile has improved its bottom line over the last three years, but what does the future have in store? This free interactive report on Sociedad Química y Minera de Chile's balance sheet strength is a great place to start, if you want to investigate the stock further.

我們知道,智利礦業協會在過去三年中提高了利潤,但是未來會怎樣?如果你想進一步調查該股,這份關於智利Sociedad Química y Minera資產負債表實力的免費互動報告是一個很好的起點。

What About Dividends?

分紅呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Sociedad Química y Minera de Chile's TSR for the last 5 years was 92%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

重要的是要考慮任何給定股票的股東總回報率和股價回報率。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以說,股東總回報率更全面地描述了股票產生的回報。碰巧的是,智利興業銀行過去5年的股東總回報率爲92%,超過了前面提到的股價回報率。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

Sociedad Química y Minera de Chile shareholders are down 30% for the year (even including dividends), but the market itself is up 28%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 14% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. 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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Sociedad Química y Minera de Chile (at least 1 which can't be ignored) , and understanding them should be part of your investment process.

智利興業銀行的股東今年下跌了30%(甚至包括股息),但市場本身上漲了28%。但是,請記住,即使是最好的股票有時也會在十二個月內表現不如市場。好的一面是,長期股東賺了錢,在過去的五年中,每年增長14%。如果基本面數據繼續顯示長期可持續增長,那麼當前的拋售可能是一個值得考慮的機會。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。例如,投資風險的幽靈無處不在。我們已經向智利Sociedad Química y Minera發現了兩個警告信號(至少有一個不容忽視),了解它們應該是你投資過程的一部分。

Of course Sociedad Química y Minera de Chile may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,Sociedad Química y Minera de Chile可能不是最值得購買的股票。因此,您可能希望看到這批免費的成長股。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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