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Investing in Kinsale Capital Group (NYSE:KNSL) Five Years Ago Would Have Delivered You a 382% Gain

Investing in Kinsale Capital Group (NYSE:KNSL) Five Years Ago Would Have Delivered You a 382% Gain

五年前投資金賽爾資本集團(紐約證券交易所代碼:KNSL)將爲您帶來382%的收益
Simply Wall St ·  05/23 22:21

It hasn't been the best quarter for Kinsale Capital Group, Inc. (NYSE:KNSL) shareholders, since the share price has fallen 22% in that time. But over five years returns have been remarkably great. To be precise, the stock price is 376% higher than it was five years ago, a wonderful performance by any measure. Arguably, the recent fall is to be expected after such a strong rise. Only time will tell if there is still too much optimism currently reflected in the share price.

對於金賽爾資本集團公司(紐約證券交易所代碼:KNSL)股東來說,這並不是最好的季度,因爲當時股價已經下跌了22%。但是在五年多的時間裏,回報率非常高。確切地說,股價比五年前高出376%,無論如何都是一次了不起的表現。可以說,在經歷瞭如此強勁的上漲之後,最近的下跌是可以預料的。只有時間才能證明目前股價中是否還反映出過多的樂觀情緒。

So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.

因此,讓我們評估過去5年的基本面,看看它們是否與股東回報步調一致。

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

引用巴菲特的話說:“船隻將在世界各地航行,但Flat Earth Society將蓬勃發展。市場上的價格和價值之間將繼續存在巨大差異...”研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。

Over half a decade, Kinsale Capital Group managed to grow its earnings per share at 48% a year. The EPS growth is more impressive than the yearly share price gain of 37% over the same period. So one could conclude that the broader market has become more cautious towards the stock.

在過去的五年中,金賽爾資本集團設法將其每股收益增長到每年48%。每股收益的增長比同期37%的年度股價增長更令人印象深刻。因此,人們可以得出結論,整個市場對該股變得更加謹慎。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了 EPS 在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多細節)。

earnings-per-share-growth
NYSE:KNSL Earnings Per Share Growth May 23rd 2024
紐約證券交易所:KNSL 每股收益增長 2024 年 5 月 23 日

We know that Kinsale Capital Group has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.

我們知道金賽爾資本集團在過去三年中提高了利潤,但是未來會怎樣?可能值得一看我們的免費報告,了解其財務狀況如何隨着時間的推移而變化。

What About Dividends?

分紅呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Kinsale Capital Group, it has a TSR of 382% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。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。就金賽爾資本集團而言,其在過去5年的股東總回報率爲382%。這超過了我們之前提到的其股價回報率。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

Kinsale Capital Group shareholders have received returns of 30% over twelve months (even including dividends), which isn't far from the general market return. We should note here that the five-year TSR is more impressive, at 37% per year. Although the share price growth has slowed, the longer term story points to a business well worth watching. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for Kinsale Capital Group that you should be aware of before investing here.

金賽爾資本集團的股東在十二個月內獲得了30%的回報(甚至包括股息),這與總體市場回報率相差不遠。我們應該在這裏指出,五年期股東總回報率更令人印象深刻,爲每年37%。儘管股價增長放緩,但從長遠來看,該業務值得關注。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,我們發現了金賽爾資本集團的一個警告信號,在這裏投資之前,你應該注意這個信號。

Of course Kinsale Capital Group may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,金賽爾資本集團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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