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Clearway Energy (NYSE:CWEN.A) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

Clearway Energy (NYSE:CWEN.A) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years

Clearway Energy (紐交所股票代碼:CWEN.A)股票在過去五年中表現優於其基本盈利增長。
Simply Wall St ·  06/03 12:09

When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the Clearway Energy, Inc. (NYSE:CWEN.A) share price is up 70% in the last five years, that's less than the market return. However, if you include the dividends then the return is market beating. Unfortunately the share price is down 11% in the last year.

當您購買並持有股票可長期投資時,通常希望它能提供正面回報。此外,您通常會希望看到股價上漲速度快於市場。不幸的是,對於股東而言,Clearway Energy, Inc. (紐交所:CWEN.A) 股價在過去五年中上漲了70%,但比市場回報低。但是,如果您包括股息,則回報超過了市場。不幸的是,股票價格在過去一年中下跌了11%。

After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.

在過去的一週之內,獲得的強勁收益是否表明了長期回報受到基本面的推動值得關注。

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

雖然一些人仍然在教授高效市場假說,但已經證明市場是過度反應的動態系統,投資者不總是理性的。一種有缺陷但合理的評估公司情緒變化的方法是比較每股收益 (EPS) 與股價。

During five years of share price growth, Clearway Energy achieved compound earnings per share (EPS) growth of 42% per year. The EPS growth is more impressive than the yearly share price gain of 11% over the same period. So it seems the market isn't so enthusiastic about the stock these days.

在股價上漲的五年期間,Clearway Energy 每股收益增長了42%,每年的複合增長率也是42%。每股收益增長更令人印象深刻,超過了同期11%的年股價漲幅。因此,似乎市場對該股票不那麼熱情了。

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隨時間的變化情況(如果您單擊該圖像,則可以查看更多詳細信息)。

earnings-per-share-growth
NYSE:CWEN.A Earnings Per Share Growth June 3rd 2024
NYSE:CWEN.A 每股收益增長2024年6月3日

We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. This free interactive report on Clearway Energy's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

我們很高興地報告稱,期權CEO的報酬相對於同樣資本化公司的大多數CEO來說更爲適中。總是值得留意CEO的薪酬,但更重要的問題是公司是否將在未來幾年實現收益增長。如果您希望進一步調查該股票,則可以查看 Clearway Energy 的收入、營收和現金流等自由互動報告。

What About Dividends?

那麼分紅怎麼樣呢?

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. In the case of Clearway Energy, it has a TSR of 115% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

對於任何給定的股票,考慮總股東回報以及股票價格回報都很重要。股票價格回報僅反映股票價格的變化,而TSR則包括股息的價值 (假設它們被再投資)、任何折價籌資或拆分的利益。可以說,TSR爲支付股息的股票提供了更完整的畫面。就 Clearway Energy 而言,它在過去的5年中具有115%的TSR。超過了我們之前提到的股票價格回報。這主要是由於它的股息支付導致的!

A Different Perspective

不同的觀點

Clearway Energy shareholders are down 6.0% for the year (even including dividends), but the market itself is up 25%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 17% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. 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. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for Clearway Energy (of which 1 can't be ignored!) you should know about.

Clearway Energy 的股東們今年(包括股息)虧損了6.0%,但市場本身上漲了25%。即使是好股票的股價有時也會下跌,但在對業務的基本指標產生改善之前,我們希望看到進一步的提高。好在,長期的股東們賺到了錢,最近五年每年獲得了17%的收益。可能最近的拋售是機會,所以檢查基本數據是否存在長期增長趨勢可能是值得的。雖然考慮市場條件對股票價格的不同影響非常重要,但更重要的是考慮其他因素。例如風險。每家公司都有這些風險,我們發現 Clearway Energy 的 4 個警示信號(其中有1個不容忽視!),您應該了解一下。

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

當然,您可能在其他地方找到一家出色的企業進行投資。因此,請查看我們預計將實現盈利增長的公司的免費列表。

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,本文所引述的市場回報反映了目前在美國交易所上市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.

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

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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