Popular's (NASDAQ:BPOP) Five-year Earnings Growth Trails the Strong Shareholder Returns
Popular's (NASDAQ:BPOP) Five-year Earnings Growth Trails the Strong Shareholder Returns
The main point of investing for the long term is to make money. Better yet, you'd like to see the share price move up more than the market average. But Popular, Inc. (NASDAQ:BPOP) has fallen short of that second goal, with a share price rise of 78% over five years, which is below the market return. However, if you include the dividends then the return is market beating. On a brighter note, more newer shareholders are probably rather content with the 43% share price gain over twelve months.
長期投資的主要目的是賺錢。更好的是,您希望看到股價上漲超過市場平均水平。但Popular, Inc. (納斯達克:BPOP) 未能實現第二個目標,五年內股價上漲了78%,低於市場回報。然而,如果包括分紅,回報將超過市場。更值得一提的是,更多新股東可能對過去十二個月中43%的股價增長感到滿意。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在穩定的七天表現之後,讓我們看看公司的基本面對長期股東回報的影響。
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。
During five years of share price growth, Popular achieved compound earnings per share (EPS) growth of 3.5% per year. This EPS growth is slower than the share price growth of 12% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth.
在五年的股價增長中,Popular實現了每年3.5%的每股收益複合增長。這種每股收益增長速度低於同期12%的股價增長。這表明市場參與者目前更看好該公司。考慮到五年來收益增長的記錄,這並不奇怪。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了EPS隨時間的變化情況(如果您單擊該圖像,則可以查看更多詳細信息)。
It might be well worthwhile taking a look at our free report on Popular's earnings, revenue and cash flow.
值得一看我們關於Popular收益、營業收入和現金流的免費報告。
What About Dividends?
關於分紅派息的問題
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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Popular's TSR for the last 5 years was 109%, which exceeds the share price return mentioned earlier. 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(TSR)和股價回報之間的差異。而股價回報僅反映股價的變化,TSR則包括了分紅的價值(假設它們已被再投資)以及任何優惠的資本增發或剝離的好處。可以說,TSR爲支付股息的股票提供了更完整的圖片。事實上,Popular過去5年的TSR爲109%,超過了之前提到的股價回報。公司支付的股息因此提升了總股東回報。
A Different Perspective
另一種看法
It's good to see that Popular has rewarded shareholders with a total shareholder return of 47% in the last twelve months. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 16%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Popular you should know about.
很高興看到Popular在過去十二個月中以47%的總股東回報回報了股東。當然,這包括了股息。這個回報優於過去五年的年度TSR,爲16%。因此,最近圍繞公司的情緒似乎是積極的。鑑於股價勢頭仍然強勁,值得更仔細地看一下這隻股票,以免錯失機會。我發現長期觀察股價作爲業務業績的一種替代是非常有趣的。但要真正獲得洞察,我們也需要考慮其他信息。考慮風險,比如。每家公司都有風險,我們已經發現了Popular的1個警告標誌,你應該知道。
But note: Popular may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意: Popular可能不是最好的股票買入選擇。因此,查看這份免費的有意思的公司列表,這些公司過去的收益增長並有進一步的增長預測。
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。
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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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。