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Those Who Invested in UnitedHealth Group (NYSE:UNH) Five Years Ago Are up 142%

Those Who Invested in UnitedHealth Group (NYSE:UNH) Five Years Ago Are up 142%

五年前投資紐交所聯合健康集團(NYSE:UNH)的人現在獲利142%
Simply Wall St ·  10/29 22:36

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 the bright side, you can make far more than 100% on a really good stock. Long term UnitedHealth Group Incorporated (NYSE:UNH) shareholders would be well aware of this, since the stock is up 125% in five years. It's down 1.1% in the last seven days.

當您購買一家公司的股份時,要記住它有可能失敗,您有可能會損失資金。但亮點是,您可以在一支真正優秀的股票上賺取超過100%的收益。長揸聯合健康集團股票(紐交所:UNH)的股東應該對此有充分的認識,因爲該股票在五年內上漲了125%。在過去七天下跌了1.1%。

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.

現在值得更詳細地了解該公司的基本面,因爲這將幫助我們判斷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 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.

引用巴菲特的話:「船隻將周遊世界,而『地平派』仍會興旺。市場上的價格和價值仍會存在廣泛的差距……」考慮一家公司在市場上的認知如何變化的一個不完美但簡單的方法是比較每股收益(EPS)的變化和股價的波動。

Over half a decade, UnitedHealth Group managed to grow its earnings per share at 2.1% a year. This EPS growth is slower than the share price growth of 18% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.

在半個多世紀的時間裏,聯合健康集團成功地以每年2.1%的速度增長了每股收益。與同一時期每年18%的股價增長相比,這種EPS增長速度較慢。因此,公平地假設市場對這家企業的看法高於五年前。考慮到其增長記錄,這並不令人震驚。

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)。

big
NYSE:UNH Earnings Per Share Growth October 29th 2024
紐約證券交易所:聯合健康每股收益增長2024年10月29日

Dive deeper into UnitedHealth Group's key metrics by checking this interactive graph of UnitedHealth Group's earnings, revenue and cash flow.

通過查看聯合健康集團的互動圖表,深入了解聯合健康集團的收入、營業收入和現金流量指標。

What About Dividends?

那麼分紅怎麼樣呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of UnitedHealth Group, it has a TSR of 142% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

在考慮投資回報時,重要的是要考慮總股東回報率(TSR)與股價回報之間的差異。股價回報僅反映股價的變化,而TSR則包括分紅的價值(假設它們已被再投資)以及任何折扣資本籌資或分拆的好處。因此,對於支付豐厚股利的公司,TSR往往比股價回報高得多。在聯合健康集團的情況下,過去5年其TSR爲142%。這超過了我們之前提到的股價回報。公司支付的分紅因此提振了總股東回報。

A Different Perspective

不同的觀點

UnitedHealth Group shareholders gained a total return of 8.3% during the year. But that was short of the market average. On the bright side, the longer term returns (running at about 19% a year, over half a decade) look better. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. It's always interesting to track share price performance over the longer term. But to understand UnitedHealth Group better, we need to consider many other factors. Take risks, for example - UnitedHealth Group has 2 warning signs we think you should be aware of.

聯合健康集團股東在這一年中獲得了總回報率爲8.3%。但這低於市場平均水平。從積極的一面來看,長期回報率(約每年19%,在半個 decade 以上)看起來更好。即使股價漲幅放緩,業務仍可能繼續執行出色。跟蹤股價表現長期而言總是很有趣。但要更好地了解聯合健康集團,我們需要考慮許多其他因素。例如,承擔風險 - 聯合健康集團有 2 條警示標誌,我們認爲您應該注意。

Of course UnitedHealth Group may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然聯合健康集團可能不是最好的股票買入選擇。因此,您可能希望查看這些免費的成長股票收藏。

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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