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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集团(纽约证券交易所代码:EME)的投资者将对过去五年令人羡慕的377%回报率感到满意
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.

购买最佳企业的股票可以为您和您的家人创造有意义的财富。最高质量的公司可以看到其股价大幅上涨。例如,EMCOR集团公司(纽约证券交易所代码:EME)的股价在过去五年中上涨了367%,对于长期持有者来说,这是一个可观的回报。如果这不能让你考虑长期投资,我们不知道会怎样。最重要的是,股价在大约一个季度内上涨了53%。该公司最近公布了财务业绩;您可以通过阅读我们的公司报告来了解最新的数字。

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.

考虑到这一点,值得一看公司的基本面是否是长期业绩的驱动力,或者是否存在一些差异。

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.

引用巴菲特的话说:“船只将在世界各地航行,但Flat Earth Society将蓬勃发展。市场上的价格和价值之间将继续存在巨大差异...”考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。

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.

在过去的五年中,EMCOR集团设法将其每股收益增长到每年24%。每股收益的增长低于同期每年36%的股价增长。因此,可以公平地假设市场对该业务的看法比五年前更高。考虑到增长的记录,这并不令人震惊。

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 是如何随着时间的推移而变化的(点击图片发现确切的值)。

earnings-per-share-growth
NYSE:EME Earnings Per Share Growth May 21st 2024
纽约证券交易所:EME 每股收益增长 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集团多年来如何增加利润当然是件好事,但未来对股东来说更为重要。通过这份免费的资产负债表报告,更全面地了解EMCOR集团的财务状况。

What About Dividends?

分红呢?

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!

在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。股东总回报率是一种回报计算方法,它考虑了现金分红的价值(假设收到的任何股息都经过再投资)以及任何贴现资本筹集和分拆的计算价值。因此,对于支付丰厚股息的公司来说,股东总回报率通常远高于股价回报率。我们注意到,EMCOR集团在过去5年的股东总回报率为377%,好于上述股价回报率。而且,猜测股息支付在很大程度上解释了这种分歧是没有好处的!

A Different Perspective

不同的视角

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.

很高兴看到EMCOR集团的股东在过去一年中获得了134%的总股东回报率。当然,这包括股息。这比五年来37%的年化回报率要好,这意味着该公司最近的表现更好。持乐观态度的人可能会将最近股东总回报率的改善视为业务本身随着时间的推移而变得更好。尽管市场状况可能对股价产生的不同影响值得考虑,但还有其他因素更为重要。例如,考虑风险。每家公司都有它们,我们发现了一个你应该知道的EMCOR集团警告信号。

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.

当然,通过寻找其他地方,你可能会找到一笔不错的投资。因此,请看一下我们预计收益将增加的这份免费公司名单。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。

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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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