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Investors in Dominion Energy (NYSE:D) Have Unfortunately Lost 12% Over the Last Five Years

Investors in Dominion Energy (NYSE:D) Have Unfortunately Lost 12% Over the Last Five Years

不幸的是,道明能源(紐約證券交易所代碼:D)的投資者在過去五年中損失了12%
Simply Wall St ·  05/22 21:49

Dominion Energy, Inc. (NYSE:D) shareholders should be happy to see the share price up 17% in the last quarter. But if you look at the last five years the returns have not been good. In fact, the share price is down 29%, which falls well short of the return you could get by buying an index fund.

道明能源公司(紐約證券交易所代碼:D)的股東應該很高興看到上個季度股價上漲了17%。但是,如果你看看過去的五年,回報並不理想。實際上,股價下跌了29%,遠低於購買指數基金所能獲得的回報。

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

考慮到這一點,值得一看公司的基本面是否是長期業績的驅動力,或者是否存在一些差異。

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 the unfortunate half decade during which the share price slipped, Dominion Energy actually saw its earnings per share (EPS) improve by 4.7% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. Alternatively, growth expectations may have been unreasonable in the past.

在股價下滑的不幸五年中,Dominion Energy的每股收益(EPS)實際上每年增長4.7%。因此,每股收益似乎不是了解市場如何估值股票的好指南。或者,過去的增長預期可能不合理。

By glancing at these numbers, we'd posit that the the market had expectations of much higher growth, five years ago. Looking to other metrics might better explain the share price change.

通過瀏覽這些數字,我們可以假設五年前,市場對更高的增長抱有預期。看看其他指標可能會更好地解釋股價的變化。

The most recent dividend was actually lower than it was in the past, so that may have sent the share price lower. The revenue decline of 0.6% per year wouldn't have helped. So the the weak dividend and revenue data could well help explain the soft share price.

最近的股息實際上低於過去,因此這可能使股價走低。每年0.6%的收入下降無濟於事。因此,疲軟的股息和收入數據很可能有助於解釋疲軟的股價。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

公司的收入和收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。

earnings-and-revenue-growth
NYSE:D Earnings and Revenue Growth May 22nd 2024
紐約證券交易所:收益和收入增長 2024 年 5 月 22 日

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. You can see what analysts are predicting for Dominion Energy in this interactive graph of future profit estimates.

可能值得注意的是,我們在上個季度看到了大量的內幕買盤,我們認爲這是積極的。另一方面,我們認爲收入和收益趨勢是衡量業務的更有意義的指標。您可以在這張未來利潤估計的交互式圖表中看到分析師對Dominion Energy的預測。

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, Dominion Energy's TSR for the last 5 years was -12%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

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,道明能源過去5年的股東總回報率爲-12%,超過了前面提到的股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!

A Different Perspective

不同的視角

Dominion Energy shareholders gained a total return of 9.0% during the year. Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 2% endured over half a decade. So this might be a sign the business has turned its fortunes around. It's always interesting to track share price performance over the longer term. But to understand Dominion Energy better, we need to consider many other factors. Even so, be aware that Dominion Energy is showing 3 warning signs in our investment analysis , and 2 of those don't sit too well with us...

道明能源股東在年度的總回報率爲9.0%。不幸的是,這沒有達到市場回報率。好的一面是,這仍然是一個收益,而且肯定比五年來每年遭受的約2%的虧損要好。因此,這可能表明該企業已經扭轉了命運。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解Dominion Energy,我們需要考慮許多其他因素。即便如此,請注意,Dominion Energy在我們的投資分析中顯示了3個警告信號,其中2個對我們來說不太合適...

Dominion Energy is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.

道明能源並不是內部人士唯一買入的股票。對於那些喜歡尋找知名度較低的公司的人來說,這份最近有內幕收購的成長型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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