The Total Return for Unitil (NYSE:UTL) Investors Has Risen Faster Than Earnings Growth Over the Last Year
The Total Return for Unitil (NYSE:UTL) Investors Has Risen Faster Than Earnings Growth Over the Last Year
Diversification is a key tool for dealing with stock price volatility. But if you're going to beat the market overall, you need to have individual stocks that outperform. Unitil Corporation (NYSE:UTL) has done well over the last year, with the stock price up 15% beating the market return of 14% (not including dividends). Longer term, the stock is up 14% in three years.
分散投資是處理股價波動的關鍵工具。但是,如果你想打敗整個市場,你需要擁有表現優異的個股。Unitil公司(紐交所:UTL)在過去一年裏表現不錯,股價上漲15%,超過市場回報14%(不包括分紅)。長期來看,股價更是在三年內上漲了14%。
While the stock has fallen 6.3% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
雖然該股本週下跌了6.3%,但值得關注的是它的歷史回報是否由基本面驅動。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
雖然市場是一個強大的定價機制,但股價反映的不僅僅是企業的基本業績,還有投資者的情緒。一個不完美但簡單的方式來考慮公司市場意識的變化是比較每股收益(EPS)的變化和股價的變化。
Unitil was able to grow EPS by 9.2% in the last twelve months. This EPS growth is significantly lower than the 15% increase in the share price. This indicates that the market is now more optimistic about the stock.
Unitil公司過去一年內每股收益增長了9.2%。這一增長率明顯低於股價上漲的15%。這表明市場對該股現在更加樂觀。
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/7781/20240807/0-961edbba2a695b4a3c2999a688ff52de-0-8a482c47ebb08e95cbfd9ac015ca7a7e.png/big)
It might be well worthwhile taking a look at our free report on Unitil's earnings, revenue and cash flow.
查看我們關於Unitil公司營業收入、收益和現金流的免費報告可能大有收穫。
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. We note that for Unitil the TSR over the last 1 year was 18%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股票價格回報,投資者還應該考慮總股東回報(TSR)。TSR是一種回報計算方法,考慮到現金分紅的價值(假設收到的任何分紅都被再投資)以及任何折價融資和拆分的計算價值。可以說,TSR爲支付股息的股票提供了更全面的圖片。我們注意到Unitil公司過去1年的TSR爲18%,比上述股價回報更好。公司支付的分紅增加了股東的總回報。
A Different Perspective
不同的觀點
It's good to see that Unitil has rewarded shareholders with a total shareholder return of 18% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 3% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Unitil better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for Unitil you should be aware of, and 1 of them is a bit concerning.
很高興看到Unitil公司在過去12個月裏用總股東回報獎勵了股東。當然,這其中包括了股息。這比過去半個十年的年化回報率3%要好,這意味着公司最近表現更好。有樂觀的觀點認爲,TSR的最近改善表明公司本身正在逐步變得更好。長期以來,跟蹤股價表現總是很有趣的。但是爲了更好地了解Unitil公司,我們需要考慮許多其他因素。舉個例子:我們發現Unitil公司存在2個警告信號,您需要注意其中1個,有一些令人擔憂。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果您喜歡與管理層一起購買股票,那麼您可能會喜歡這個公司的免費列表。 (提示:其中許多公司不爲人注意且具有吸引力的估值。)
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。