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Investors in Lithia Motors (NYSE:LAD) Have Seen Strong Returns of 165% Over the Past Five Years

Investors in Lithia Motors (NYSE:LAD) Have Seen Strong Returns of 165% Over the Past Five Years

在過去五年裏,投資於利西亞車行(紐交所:LAD)的投資者獲得了165%的強勁回報。
Simply Wall St ·  12/16 21:42

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, if you buy shares in a high quality company at the right price, you can gain well over 100%. For example, the Lithia Motors, Inc. (NYSE:LAD) share price has soared 156% in the last half decade. Most would be very happy with that. Also pleasing for shareholders was the 34% gain in the last three months.

當你購買一家公司的股票時,需要考慮到它可能失敗的可能性,從而導致你損失金錢。不過,從積極的一面來看,如果你以合適的價格購買高質量公司的股票,收益可以超過100%。例如,利西亞車行(紐交所:LAD)的股價在過去五年中上漲了156%。大多數人對此會非常滿意。同時,對股東來說,過去三個月的34%的增長也是令人高興的。

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。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

借用本傑明·格雷厄姆的話來說:短期內市場是一個投票機,但長期來說它是一個稱重機。一種存在缺陷但合理的評估公司情緒變化的方法是將每股收益(EPS)與股價進行比較。

Over half a decade, Lithia Motors managed to grow its earnings per share at 22% a year. That makes the EPS growth particularly close to the yearly share price growth of 21%. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS.

在過去的五年中,利西亞車行每年的每股收益增長達到了22%。這使得每股收益增長與年股價增長21%非常接近。這表明公司周圍的市場情緒在這段時間內並沒有發生太大變化。實際上,股價似乎正對每股收益作出反應。

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。

big
NYSE:LAD Earnings Per Share Growth December 16th 2024
紐交所:LAD 每股收益增長 2024年12月16日

It might be well worthwhile taking a look at our free report on Lithia Motors' earnings, revenue and cash flow.

查看我們關於利西亞車行的收益、營業收入和現金流的免費報告肯定值得一看。

What About Dividends?

關於分紅派息的問題

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Lithia Motors' TSR for the last 5 years was 165%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

考慮任何給定股票的總股東回報以及股價回報是非常重要的。總股東回報是一個計算回報的指標,它考慮了現金分紅的價值(假設所收到的任何分紅都被再投資)和任何折扣資本募資和分拆的計算價值。因此,對於那些支付豐厚分紅的公司來說,總股東回報通常要高於股價回報。正如所提到的,利西亞車行過去5年的總股東回報爲165%,超過了之前提到的股價回報。因此,該公司支付的分紅增加了總股東回報。

A Different Perspective

不同的視角

Lithia Motors shareholders are up 25% for the year (even including dividends). But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 21% 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 Lithia Motors better, we need to consider many other factors. For example, we've discovered 3 warning signs for Lithia Motors (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

利西亞車行的股東在今年上漲了25%(即使包括分紅在內)。但這低於市場平均水平。值得注意的是,這一收益實際上優於過去五年每年21%的平均年回報。這可能表明公司在吸引新投資者,因爲它在追求其策略。長期跟蹤股價表現總是很有趣。但爲了更好地理解利西亞車行,我們需要考慮許多其他因素。例如,我們發現利西亞車行有3個警告信號(其中1個讓我們有點不安!),在這裏投資前你應該注意。

We will like Lithia Motors better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.

如果我們看到一些大型內幕買入,我們將更喜歡利西亞車行。在此等待期間,請查看這份免費的被低估股票名單(主要是小型股),這些股票最近有相當多的內幕買入。

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,本文中引用的市場回報反映了當前在美國交易所上市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.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall St的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。

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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