EnLink Midstream's (NYSE:ENLC) Investors Will Be Pleased With Their Strong 159% Return Over the Last Three Years
EnLink Midstream's (NYSE:ENLC) Investors Will Be Pleased With Their Strong 159% Return Over the Last Three Years
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But when you pick a company that is really flourishing, you can make more than 100%. To wit, the EnLink Midstream, LLC (NYSE:ENLC) share price has flown 127% in the last three years. That sort of return is as solid as granite. It's also up 21% in about a month.
可能看起來很糟糕,但是當你買入股票(沒有槓桿作用)時可能發生的最糟糕的情況是其股價降至零。但是,當你選擇一家真正蓬勃發展的公司時,你的收入可以超過100%。也就是說,EnLink Midstream, LLC(紐約證券交易所代碼:ENLC)的股價在過去三年中上漲了127%。這種回報就像花崗岩一樣堅實。它在大約一個月內也上漲了21%。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
現在也值得一看公司的基本面,因爲這將有助於我們確定長期股東回報是否與基礎業務的表現相匹配。
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。
During three years of share price growth, EnLink Midstream moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.
在三年的股價增長中,EnLink Midstream從虧損轉爲盈利。正如我們在這裏看到的那樣,這種轉變可能是一個轉折點,可以證明股價的強勁上漲是合理的。
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(隨着時間的推移)如下圖所示(點擊查看確切數字)。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240911/0-ae3bb8479715d4513a31302a798f0c9f-0-442f9a491250da644ea4526fbcae25a2.png/big)
It is of course excellent to see how EnLink Midstream has grown profits over the years, but the future is more important for shareholders. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
看到EnLink Midstream多年來如何增加利潤當然是件好事,但未來對股東來說更爲重要。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). 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. We note that for EnLink Midstream the TSR over the last 3 years was 159%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。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。我們注意到,EnLink Midstream在過去3年的股東總回報率爲159%,好於上述股價回報率。因此,公司支付的股息提高了股東的總回報率。
A Different Perspective
不同的視角
EnLink Midstream shareholders are up 19% for the year (even including dividends). Unfortunately this falls short of the market return. If we look back over five years, the returns are even better, coming in at 20% per year for five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. It's always interesting to track share price performance over the longer term. But to understand EnLink Midstream better, we need to consider many other factors. Even so, be aware that EnLink Midstream is showing 3 warning signs in our investment analysis , and 1 of those can't be ignored...
EnLink中游股東今年增長了19%(甚至包括股息)。不幸的是,這沒有達到市場回報率。如果我們回顧五年,回報率甚至更高,五年內每年爲20%。也許在企業執行增長戰略的同時,股價只是在稍作休息。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解EnLink Midstream,我們需要考慮許多其他因素。即便如此,請注意,EnLink Midstream在我們的投資分析中顯示了3個警告信號,其中一個不容忽視...
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲利投資的人來說,這份最近進行內幕收購的被低估公司的免費清單可能只是入場券。
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。
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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。