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Watsco's (NYSE:WSO) Investors Will Be Pleased With Their Splendid 261% Return Over the Last Five Years

Watsco's (NYSE:WSO) Investors Will Be Pleased With Their Splendid 261% Return Over the Last Five Years

Watsco(紐約證券交易所代碼:WSO)的投資者將對過去五年中261%的豐厚回報感到滿意
Simply Wall St ·  05/22 02:30

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Watsco, Inc. (NYSE:WSO) share price has soared 208% in the last half decade. Most would be very happy with that. It's also good to see the share price up 28% over the last quarter. This could be related to the recent financial results, released recently - you can catch up on the most recent data by reading our company report.

在任何股票上(假設你不使用槓桿),你最多可能損失的就是100%的資金。但是,當你選擇一家真正蓬勃發展的公司時,你可以 使 超過 100%。例如,Watsco, Inc.(紐約證券交易所代碼:WSO)的股價在過去五年中飆升了208%。大多數人會對此感到非常滿意。股價比上個季度上漲28%也令人高興。這可能與最近發佈的最新財務業績有關——您可以通過閱讀我們的公司報告來了解最新的數據。

Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

現在也值得一看公司的基本面,因爲這將有助於我們確定長期股東回報是否與基礎業務的表現相匹配。

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.

在他的文章中 格雷厄姆和多茲維爾的超級投資者 禾倫·巴菲特描述了股價如何並不總是合理地反映企業的價值。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。

During five years of share price growth, Watsco achieved compound earnings per share (EPS) growth of 14% per year. This EPS growth is slower than the share price growth of 25% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth.

在五年的股價增長中,Watsco實現了每年14%的複合每股收益(EPS)增長。每股收益的增長低於同期每年25%的股價增長。這表明,如今,市場參與者對公司的重視程度更高。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:WSO Earnings Per Share Growth May 21st 2024
紐約證券交易所:WSO 每股收益增長 2024 年 5 月 21 日

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

在買入或賣出股票之前,我們始終建議仔細研究歷史增長趨勢,可在此處查閱。

What About Dividends?

分紅呢?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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, Watsco's TSR for the last 5 years was 261%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

重要的是要考慮任何給定股票的股東總回報率和股價回報率。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。碰巧的是,Watsco在過去5年的股東總回報率爲261%,超過了前面提到的股價回報率。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 Watsco shareholders have received a total shareholder return of 51% over the last year. And that does include the dividend. That's better than the annualised return of 29% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Watsco better, we need to consider many other factors. Even so, be aware that Watsco is showing 2 warning signs in our investment analysis , you should know about...

很高興看到Watsco股東去年獲得的股東總回報率爲51%。這確實包括股息。這比五年來29%的年化回報率要好,這意味着該公司最近的表現更好。在最好的情況下,這可能暗示着一些真正的業務勢頭,這意味着現在可能是深入研究的好時機。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解Watsco,我們需要考慮許多其他因素。即便如此,請注意,Watsco在我們的投資分析中顯示了兩個警告信號,您應該知道...

For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.

對於那些喜歡尋找獲利投資的人來說,這份最近進行內幕收購的被低估公司的免費清單可能只是入場券。

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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