Air Lease (NYSE:AL) Shareholders Have Earned a 9.9% CAGR Over the Last Three Years
Air Lease (NYSE:AL) Shareholders Have Earned a 9.9% CAGR Over the Last Three Years
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks, you could make more than that. Just take a look at Air Lease Corporation (NYSE:AL), which is up 25%, over three years, soundly beating the market return of 20% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 16% in the last year, including dividends.
從股市中獲益的一個簡單方法是購買指數基金。但是如果你選擇正確的個別股票,你可能會賺更多。看看紐交所的Air Lease Corporation(NYSE:AL),它在三年內上漲了25%,遠遠超過市場回報率20%(不包括分紅派息)。然而,最近的回報並不像過去那樣令人印象深刻,股票包括分紅在內,最近一年僅回報16%。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
讓我們長期看一下潛在的基本面,看看它們是否與股東回報一致。
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.
引用本傑明·格雷厄姆的話:在短期內,市場是投票機,但在長期內,市場是稱重機。通過比較每股收益(EPS)和股票價格的時間變化,我們可以感受到投資者對公司的態度隨時間而變化。
Air Lease was able to grow its EPS at 8.0% per year over three years, sending the share price higher. Notably, the 8% average annual share price gain matches up nicely with the EPS growth rate. This suggests that sentiment and expectations have not changed drastically. Rather, the share price has approximately tracked EPS growth.
Air Lease能夠以每年8.0%的速度增長其每股收益,從而推高股價。值得注意的是,8%的年平均股價增長率與每股收益增長率相匹配。這表明情緒和預期沒有發生很大變化,而股價大致跟蹤着每股收益的增長。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240717/0-27d9c97ef83bc32999e8db47a79f4ecf-0-b8971b04e1bf55bb42acaa81dbac1733.png/big)
We know that Air Lease has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Air Lease will grow revenue in the future.
我們知道Air Lease近期已經改善了其底線,但它是否將增長營業收入?查看分析師是否認爲Air Lease未來將增長營業收入。
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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Air Lease the TSR over the last 3 years was 33%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
對於任何給定的股票來說,考慮總股東回報和股價回報同樣重要。而股價回報僅反映了股價的變化,TSR包括分紅的價值(假設其進行了再投資)以及任何打折的資本募集或分拆的好處。可以說,TSR提供了股票所產生的更全面的收益圖景。我們注意到,在過去的3年中,Air Lease的TSR爲33%,這優於上述股價回報。這主要是其分紅支付的結果!
A Different Perspective
不同的觀點
Air Lease shareholders are up 16% for the year (even including dividends). But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 6% per year over five year. It is possible that returns will improve along with the business fundamentals. 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. Even so, be aware that Air Lease is showing 3 warning signs in our investment analysis , and 1 of those can't be ignored...
Air Lease的股東們今年已經獲得了16%的回報(包括分紅派息)。但是這遠低於市場平均水平。好消息是,這一增益實際上比過去五年的平均年回報率6%要好。隨着業務基本面的改善,回報可能會提高。我發現長期以來關注股價作爲業務績效的代理非常有趣。但要真正獲得洞察力,我們需要考慮其他信息。即使如此,請注意,Air Lease在我們的投資分析中顯示出3個警告跡象,其中1個是無法忽視的......
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。