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United States Lime & Minerals' (NASDAQ:USLM) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth

United States Lime & Minerals' (NASDAQ:USLM) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth

美国石灰矿业(纳斯达克股票代码:USLM)的五年股东总回报超过了基础收益增长
Simply Wall St ·  05/22 18:57

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. To wit, the United States Lime & Minerals, Inc. (NASDAQ:USLM) share price has soared 343% over five years. This just goes to show the value creation that some businesses can achieve. It's also good to see the share price up 48% 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.

对于许多人来说,投资股票市场的要点是获得可观的回报。这些年来,我们已经看到了一些非常惊人的成果。换句话说,美国石灰矿业公司(纳斯达克股票代码:USLM)的股价在五年内飙升了343%。这只是表明一些企业可以实现的价值创造。股价在上个季度上涨了48%也令人高兴。这可能与最近发布的最新财务业绩有关——您可以通过阅读我们的公司报告来了解最新的数据。

Since the long term performance has been good but there's been a recent pullback of 3.5%, let's check if the fundamentals match the share price.

由于长期表现不错,但最近回调了3.5%,让我们来看看基本面是否与股价相符。

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. 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.

不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。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, United States Lime & Minerals managed to grow its earnings per share at 31% a year. So the EPS growth rate is rather close to the annualized share price gain of 35% per year. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. Rather, the share price has approximately tracked EPS growth.

在过去的五年中,美国石灰矿业成功地将每股收益增长到每年31%。因此,每股收益的增长率相当接近每年35%的年化股价涨幅。因此,人们可以得出结论,对股票的情绪并没有太大变化。相反,股价大致追踪了每股收益的增长。

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

该公司的每股收益(随着时间的推移)如下图所示(点击查看确切数字)。

earnings-per-share-growth
NasdaqGS:USLM Earnings Per Share Growth May 22nd 2024
纳斯达克GS:USLM 每股收益增长 2024 年 5 月 22 日

Dive deeper into United States Lime & Minerals' key metrics by checking this interactive graph of United States Lime & Minerals's earnings, revenue and cash flow.

查看这张美国石灰矿业收益、收入和现金流的交互式图表,深入了解美国石灰矿业的关键指标。

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. 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. As it happens, United States Lime & Minerals' TSR for the last 5 years was 379%, which exceeds the share price return mentioned earlier. 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。尽管股价回报率仅反映股价的变化,但股东总回报率包括股息的价值(假设已进行再投资)以及任何折扣融资或分拆的收益。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。碰巧的是,美国石灰矿业公司过去5年的股东总回报率为379%,超过了前面提到的股价回报率。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 United States Lime & Minerals shareholders have received a total shareholder return of 96% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 37%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. If you would like to research United States Lime & Minerals in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.

很高兴看到美国石灰矿业的股东去年获得了96%的总股东回报率。当然,这包括股息。这一增幅好于五年内的年度股东总回报率,即37%。因此,最近公司周围的情绪似乎一直很乐观。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。如果你想更详细地研究美国石灰矿业,那么你可能需要看看内部人士是否在买入或卖出该公司的股票。

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

对于那些喜欢寻找获利投资的人来说,这份最近进行内幕收购的被低估公司的免费清单可能只是入场券。

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。

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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。


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