The Total Return for Meritage Homes (NYSE:MTH) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
The Total Return for Meritage Homes (NYSE:MTH) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on a lighter note, a good company can see its share price rise well over 100%. For instance, the price of Meritage Homes Corporation (NYSE:MTH) stock is up an impressive 221% over the last five years. It's down 4.0% in the last seven days.
當您購買公司的股票時,要記住公司有可能失敗,您可能會失去投資。但好消息是,一個好的公司的股票價格可能會增長超過100%。例如,Meritage Homes Corporation(紐交所:MTH)股票的價格在過去五年中上漲了驚人的221%。但在過去的七天中下跌了4.0%。
Although Meritage Homes has shed US$258m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
雖然Meritage Homes的市值在本週下降了2.58億美元,但讓我們看看其更長期的基本趨勢,看看它們是否推動了回報。
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. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
儘管一些人繼續教授有效市場假說,但已經證明市場是過度反應的動態系統,並且投資者並不總是理性的。通過比較每股收益(EPS)和股價的變化情況,我們可以了解投資者對公司的態度如何隨着時間變化而變化。
Over half a decade, Meritage Homes managed to grow its earnings per share at 33% a year. The EPS growth is more impressive than the yearly share price gain of 26% over the same period. So one could conclude that the broader market has become more cautious towards the stock. The reasonably low P/E ratio of 7.75 also suggests market apprehension.
在過去的五年中,Meritage Homes的每股收益增長率達到33%/年。每股收益增長的增幅比同期股價漲幅26%更爲令人印象深刻。因此可以得出結論,股票已受到更廣泛市場的謹慎態度。相對較低的市盈率爲7.75,也表明市場對它持謹慎態度。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(隨時間的推移)如下圖所示(單擊可查看確切數字)。
![earnings-per-share-growth](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240608/0-ef8e4c211889db656fc969e9e0db4214-0-4d925af7a4948a8e55fadd68b69277b9.png/big)
This free interactive report on Meritage Homes' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想進一步調查該股票,則可以在此免費互動報告中查看Meritage Homes的收益,營業收入和現金流等情況。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Meritage Homes' TSR for the last 5 years was 225%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
除了計算股價回報率之外,投資者還應該考慮總股東回報率(TSR)。 TSR是一種回報率的計算方法,它考慮了現金分紅的價值(假設任何收到的股息都被重新投資)和任何折現集資和股權分拆的計算價值。總體而言,TSR能更全面地反映支付股息的股票的表現。結果表明,Meritage Homes過去5年的TSR爲225%,超過了股票回報率。公司發放的股息因此提高了股東回報率。總股東回報。
A Different Perspective
不同的觀點
It's nice to see that Meritage Homes shareholders have received a total shareholder return of 32% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 27%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Meritage Homes better, we need to consider many other factors. Even so, be aware that Meritage Homes is showing 3 warning signs in our investment analysis , and 1 of those is a bit unpleasant...
很高興看到Meritage Homes的股東在過去一年中獲得了32%的總股東回報,當然這其中也包括分紅。當然,在過去的五年中的年度TSR爲27%,因此似乎市場對公司的情緒最近一直是積極的。在最好的情況下,這可能意味着一些真正的業務動力,暗示現在是深入研究的好時機。長期跟蹤股票表現總會很有趣,但要了解Meritage Homes,我們需要考慮許多其他因素。即便如此,要注意Meritage Homes正在顯示我們投資分析中的3個警示信號中的一個有點不愉快......
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果您願意查看另一家公司-具有潛在更優質財務狀況的公司-則不要錯過這個免費的公司列表,這些公司已經證明他們可以增長收益。
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。
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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。
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