Those Who Invested in CONSOL Energy (NYSE:CEIX) Five Years Ago Are up 924%
Those Who Invested in CONSOL Energy (NYSE:CEIX) Five Years Ago Are up 924%
For many, the main point of investing in the stock market is to achieve spectacular returns. And we've seen some truly amazing gains over the years. Don't believe it? Then look at the CONSOL Energy Inc. (NYSE:CEIX) share price. It's 851% higher than it was five years ago. If that doesn't get you thinking about long term investing, we don't know what will. On the other hand, we note it's down 9.9% in about a month. We note that the broader market is down 3.1% in the last month, and this may have impacted CONSOL Energy's share price. We love happy stories like this one. The company should be really proud of that performance!
對於許多人來說,投資股票市場的主要目的就是實現驚人的回報。多年來,我們見證了一些真正驚人的收益。不相信嗎?那就看看CONSOL Energy Inc. (紐交所:CEIX)的股價。它比五年前上漲了851%。如果這還不能讓你考慮長期投資,我們也不知道還有什麼能。另一方面,我們注意到它在大約一個月內下跌了9.9%。我們注意到,整個市場在過去一個月下跌了3.1%,這可能影響了CONSOL Energy的股價。 我們喜歡這樣快樂的故事。公司應該爲這樣的表現感到非常自豪!
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
讓我們看看更長期的基本面,看看它們是否與股東回報一致。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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).
雖然市場是一種強大的定價機制,但股價反映的是投資者情緒,而不僅僅是基礎業務表現。查看公司股價與每股收益(EPS)之間的互動,可以檢視市場情緒是如何隨時間而變化的。
During the five years of share price growth, CONSOL Energy moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.
在五年的股價增長中,CONSOL Energy從虧損轉變爲盈利。有時候,盈利的開始是一個主要的拐點,能夠預示快速的收益增長即將來臨,進而證明非常強勁的股價上漲是合理的。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下面的圖像顯示了EPS隨時間的變化(如果你點擊圖像,可以看到更詳細的信息)。
It is of course excellent to see how CONSOL Energy has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
當然,看到 CONSOL Energy 多年來的利潤增長是非常優秀的,但未來對股東更爲重要。您可以在這個免費的互動圖示中看到其資產負債表隨着時間的推移而增強(或削弱)的情況。
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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of CONSOL Energy, it has a TSR of 924% 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.
在審視投資回報時,考慮總股東回報(TSR)和股價回報之間的差異非常重要。股價回報僅反映股價的變化,而 TSR 包括分紅的價值(假設這些分紅被再投資)以及任何折扣資本募資或分拆的好處。因此,對於支付豐厚分紅的公司,TSR 通常遠高於股價回報。在 CONSOL Energy 的案例中,過去 5 年的 TSR 達到了 924%。這超過了我們之前提到的股價回報。因此,公司的分紅進一步提升了總股東回報。
A Different Perspective
不同的視角
CONSOL Energy provided a TSR of 10% over the last twelve months. Unfortunately this falls short of the market return. If we look back over five years, the returns are even better, coming in at 59% per year for five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - CONSOL Energy has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
CONSOL Energy 在過去十二個月提供了 10% 的 TSR。不幸的是,這低於市場回報。如果我們回顧五年的情況,回報會更好,五年每年的回報爲 59%。也許股價只是稍作喘息,同時企業在執行其增長策略。雖然考慮市場條件對股價的不同影響是很有價值的,但還有其他因素更爲重要。比如風險——我們認爲 CONSOL Energy 有 2 個警示信號(還有 1 個不應被忽視)您應該了解。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).
如果你喜歡與管理層一起買入股票,那麼你可能會喜歡這個免費的公司名單。(提示:很多公司鮮爲人知,而且估值吸引。)
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。
評論(0)
請選擇舉報原因