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Erie Indemnity (NASDAQ:ERIE) Shareholders Have Earned a 29% CAGR Over the Last Three Years

Erie Indemnity (NASDAQ:ERIE) Shareholders Have Earned a 29% CAGR Over the Last Three Years

Erie Indemnity(納斯達克股票代碼:ERIE)的股東在過去三年中獲得了29%的複合年增長率
Simply Wall St ·  05/21 23:33

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But if you buy shares in a really great company, you can more than double your money. For example, the Erie Indemnity Company (NASDAQ:ERIE) share price has soared 102% in the last three years. Most would be happy with that. Also pleasing for shareholders was the 12% gain in the last three months. But this move may well have been assisted by the reasonably buoyant market (up 6.4% in 90 days).

這可能看起來很糟糕,但是當你買入一隻股票(沒有槓桿作用)時可能發生的最糟糕的情況是它的股價變爲零。但是,如果你購買一家非常棒的公司的股票,你可以 更多 比你的錢翻一番。例如,伊利賠償公司(納斯達克股票代碼:ERIE)的股價在過去三年中飆升了102%。大多數人會對此感到滿意。同樣令股東高興的是過去三個月的12%的漲幅。但是,這一舉措很可能得到了相當活躍的市場(90天內上漲6.4%)的推動。

So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.

因此,讓我們調查一下,看看公司的長期表現是否與基礎業務的進展一致。

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. 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.

在他的文章中 格雷厄姆和多茲維爾的超級投資者 禾倫·巴菲特描述了股價如何並不總是合理地反映企業的價值。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 three years of share price growth, Erie Indemnity achieved compound earnings per share growth of 16% per year. In comparison, the 26% per year gain in the share price outpaces the EPS growth. So it's fair to assume the market has a higher opinion of the business than it did three years ago. It is quite common to see investors become enamoured with a business, after a few years of solid progress.

在三年的股價增長中,Erie Indemnity實現了每年16%的複合每股收益增長。相比之下,股價每年26%的漲幅超過了每股收益的增長。因此,可以公平地假設市場對該業務的看法比三年前更高。在經歷了幾年的穩步進展之後,投資者對企業着迷是很常見的。

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
NasdaqGS:ERIE Earnings Per Share Growth May 21st 2024
納斯達克GS:ERIE每股收益增長 2024年5月21日

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Erie Indemnity's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

可能值得注意的是,首席執行官的薪水低於類似規模公司的中位數。但是,儘管首席執行官的薪酬總是值得檢查的,但真正重要的問題是公司未來能否增加收益。如果你想進一步調查該股,這份關於Erie Indemnity收益、收入和現金流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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Erie Indemnity's TSR for the last 3 years was 115%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

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。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。碰巧的是,伊利保險公司過去三年的股東總回報率爲115%,超過了前面提到的股價回報率。因此,該公司支付的股息提高了 股東回報。

A Different Perspective

不同的視角

It's good to see that Erie Indemnity has rewarded shareholders with a total shareholder return of 76% in the last twelve months. That's including the dividend. That gain is better than the annual TSR over five years, which is 17%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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 1 warning sign for Erie Indemnity that you should be aware of before investing here.

很高興看到Erie Indemnity在過去十二個月中向股東提供了76%的總股東回報率。這包括股息。這一增幅好於五年內的年度股東總回報率,即17%。因此,最近公司周圍的情緒似乎一直很樂觀。鑑於股價勢頭仍然強勁,可能值得仔細研究該股,以免錯過機會。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,我們發現了Erie Indemnity的1個警告信號,在這裏投資之前,您應該注意這一點。

For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.

對於那些喜歡尋找獲利投資的人來說,這份最近進行內幕收購的被低估公司的免費清單可能只是入場券。

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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