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EMCOR Group's (NYSE:EME) Investors Will Be Pleased With Their Enviable 377% Return Over the Last Five Years

EMCOR Group's (NYSE:EME) Investors Will Be Pleased With Their Enviable 377% Return Over the Last Five Years

EMCOR集團(紐約證券交易所代碼:EME)的投資者將對過去五年令人羨慕的377%回報率感到滿意
Simply Wall St ·  05/21 19:57

Buying shares in the best businesses can build meaningful wealth for you and your family. And highest quality companies can see their share prices grow by huge amounts. For example, the EMCOR Group, Inc. (NYSE:EME) share price is up a whopping 367% in the last half decade, a handsome return for long term holders. If that doesn't get you thinking about long term investing, we don't know what will. On top of that, the share price is up 53% in about a quarter. The company reported its financial results recently; you can catch up on the latest numbers by reading our company report.

購買最佳企業的股票可以爲您和您的家人創造有意義的財富。最高質量的公司可以看到其股價大幅上漲。例如,EMCOR集團公司(紐約證券交易所代碼:EME)的股價在過去五年中上漲了367%,對於長揸者來說,這是一個可觀的回報。如果這不能讓你考慮長期投資,我們不知道會怎樣。最重要的是,股價在大約一個季度內上漲了53%。該公司最近公佈了財務業績;您可以通過閱讀我們的公司報告來了解最新的數字。

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.

考慮到這一點,值得一看公司的基本面是否是長期業績的驅動力,或者是否存在一些差異。

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.

引用巴菲特的話說:“船隻將在世界各地航行,但Flat Earth Society將蓬勃發展。市場上的價格和價值之間將繼續存在巨大差異...”考慮市場對公司的看法發生了怎樣的變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價走勢進行比較。

Over half a decade, EMCOR Group managed to grow its earnings per share at 24% a year. This EPS growth is slower than the share price growth of 36% 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.

在過去的五年中,EMCOR集團設法將其每股收益增長到每年24%。每股收益的增長低於同期每年36%的股價增長。因此,可以公平地假設市場對該業務的看法比五年前更高。考慮到增長的記錄,這並不令人震驚。

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

你可以在下面看到 EPS 是如何隨着時間的推移而變化的(點擊圖片發現確切的值)。

earnings-per-share-growth
NYSE:EME Earnings Per Share Growth May 21st 2024
紐約證券交易所:EME 每股收益增長 2024 年 5 月 21 日

It is of course excellent to see how EMCOR Group has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at EMCOR Group's financial health with this free report on its balance sheet.

看到EMCOR集團多年來如何增加利潤當然是件好事,但未來對股東來說更爲重要。通過這份免費的資產負債表報告,更全面地了解EMCOR集團的財務狀況。

What About Dividends?

分紅呢?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. We note that for EMCOR Group the TSR over the last 5 years was 377%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!

在考慮投資回報時,重要的是要考慮兩者之間的區別 股東總回報 (TSR) 和 股價回報。股東總回報率是一種回報計算方法,它考慮了現金分紅的價值(假設收到的任何股息都經過再投資)以及任何貼現資本籌集和分拆的計算價值。因此,對於支付豐厚股息的公司來說,股東總回報率通常遠高於股價回報率。我們注意到,EMCOR集團在過去5年的股東總回報率爲377%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!

A Different Perspective

不同的視角

It's nice to see that EMCOR Group shareholders have received a total shareholder return of 134% over the last year. Of course, that includes the dividend. That's better than the annualised return of 37% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for EMCOR Group you should know about.

很高興看到EMCOR集團的股東在過去一年中獲得了134%的總股東回報率。當然,這包括股息。這比五年來37%的年化回報率要好,這意味着該公司最近的表現更好。持樂觀態度的人可能會將最近股東總回報率的改善視爲業務本身隨着時間的推移而變得更好。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。例如,考慮風險。每家公司都有它們,我們發現了一個你應該知道的EMCOR集團警告信號。

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

當然,通過尋找其他地方,你可能會找到一筆不錯的投資。因此,請看一下我們預計收益將增加的這份免費公司名單。

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,本文引用的市場回報反映了目前在美國交易所交易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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

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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