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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

美國石灰礦業(納斯達克股票代碼:USLM)的五年股東總回報超過了基礎收益增長
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.

對於許多人來說,投資股票市場的要點是獲得可觀的回報。這些年來,我們已經看到了一些非常驚人的成果。換句話說,美國石灰礦業公司(納斯達克股票代碼:USLM)的股價在五年內飆升了343%。這只是表明一些企業可以實現的價值創造。股價在上個季度上漲了48%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。

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.

由於長期表現不錯,但最近回調了3.5%,讓我們來看看基本面是否與股價相符。

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.

不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。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, 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.

在過去的五年中,美國石灰礦業成功地將每股收益增長到每年31%。因此,每股收益的增長率相當接近每年35%的年化股價漲幅。因此,人們可以得出結論,對股票的情緒並沒有太大變化。相反,股價大致追蹤了每股收益的增長。

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

該公司的每股收益(隨着時間的推移)如下圖所示(點擊查看確切數字)。

earnings-per-share-growth
NasdaqGS:USLM Earnings Per Share Growth May 22nd 2024
納斯達克GS:USLM 每股收益增長 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.

查看這張美國石灰礦業收益、收入和現金流的交互式圖表,深入了解美國石灰礦業的關鍵指標。

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. 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。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。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。碰巧的是,美國石灰礦業公司過去5年的股東總回報率爲379%,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 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.

很高興看到美國石灰礦業的股東去年獲得了96%的總股東回報率。當然,這包括股息。這一增幅好於五年內的年度股東總回報率,即37%。因此,最近公司周圍的情緒似乎一直很樂觀。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。如果你想更詳細地研究美國石灰礦業,那麼你可能需要看看內部人士是否在買入或賣出該公司的股票。

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

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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