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Shareholders in Celanese (NYSE:CE) Are in the Red If They Invested Three Years Ago

Shareholders in Celanese (NYSE:CE) Are in the Red If They Invested Three Years Ago

Celanese(紐交所:CE)的股東如果在三年前投資,現在已經虧損。
Simply Wall St ·  10/07 23:27

Celanese Corporation (NYSE:CE) shareholders should be happy to see the share price up 14% in the last month. But that cannot eclipse the less-than-impressive returns over the last three years. Truth be told the share price declined 14% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund.

紐交所上市公司Celanese Corporation (NYSE: CE)的股東應該很高興看到股價在過去一個月上漲了14%。但這並不能掩蓋過去三年收益不及預期的事實。說實話,股價在三年內下跌了14%,親愛的讀者,這個回報比你從指數基金 passively investing中獲得的要少。

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

鑑於此,值得看看該公司的基本面是否一直是長期業績的驅動因素,或者是否存在一些不一致之處。

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.

禾倫·巴菲特在他的論文《格雷厄姆-道德斯維爾的超級投資者》中描述了股票價格並不總是合理地反映企業的價值。通過比較每股收益(EPS)和股價隨時間變化的變化,我們可以了解到投資者對某家公司的態度如何隨時間而變化。

Celanese saw its EPS decline at a compound rate of 7.0% per year, over the last three years. This fall in the EPS is worse than the 5% compound annual share price fall. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term.

Celanese在過去三年中,每年以7.0%的複合率下降了EPS。與股價每年5%的複合下跌相比,EPS的下跌更嚴重。因此,儘管之前令人失望,股東們必須相信中長期情況將會改善。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。

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NYSE:CE Earnings Per Share Growth October 7th 2024
紐交所:CE每股收益增長2024年10月7日

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Celanese's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

我們認爲內部人士在過去一年中進行了重大購買是積極的。 話雖如此,大多數人認爲收入和營業收入增長趨勢對業務更有意義。 如果您想進一步調查股票,Celanese的收益,收入和現金流的這份免費互動報告是一個很好的起點。

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, Celanese's TSR for the last 3 years was -8.7%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

投資者除了衡量股價回報外,還應考慮總股東回報(TSR)。 TSR是一個回報計算,考慮了現金分紅的價值(假設任何收到的股息都被再投資)以及任何折現的資本增發和拆分的計算值。 可以說TSR爲支付股息的股票提供了更完整的圖景。 發生的事情是,Celanese過去3年的TSR爲-8.7%,這超過了之前提到的股價回報。 這在很大程度上是其股息支付的結果!

A Different Perspective

不同的觀點

Celanese shareholders gained a total return of 15% during the year. But that return falls short of the market. The silver lining is that the gain was actually better than the average annual return of 5% per year over five year. This could indicate that the company is winning over new investors, as it pursues its strategy. It's always interesting to track share price performance over the longer term. But to understand Celanese better, we need to consider many other factors. For instance, we've identified 3 warning signs for Celanese (2 are significant) that you should be aware of.

Celanese股東在該年度獲得了總回報15%。 但這一回報不及市場。 唯一的好消息是,這一收益實際上比過去五年平均每年5%的回報率要好。 這可能表明公司在追求其策略時正在贏得新的投資者。 長期跟蹤股價表現總是很有趣。 但要更好地理解Celanese,我們需要考慮許多其他因素。 例如,我們已經確定Celanese的3個警示信號(其中2個是重要的),您應該注意。

Celanese is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.

賽拉尼斯(Celanese)並非唯一一隻內部人士正在買入的股票。對於那些喜歡發現未被廣泛關注的公司的人來說,這份包含最近有內部人員購買的成長性公司的免費名單可能正是所需。

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。

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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