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Investors in Dominion Energy (NYSE:D) Have Unfortunately Lost 12% Over the Last Five Years

Investors in Dominion Energy (NYSE:D) Have Unfortunately Lost 12% Over the Last Five Years

不幸的是,道明能源(纽约证券交易所代码:D)的投资者在过去五年中损失了12%
Simply Wall St ·  05/22 21:49

Dominion Energy, Inc. (NYSE:D) shareholders should be happy to see the share price up 17% in the last quarter. But if you look at the last five years the returns have not been good. In fact, the share price is down 29%, which falls well short of the return you could get by buying an index fund.

道明能源公司(纽约证券交易所代码:D)的股东应该很高兴看到上个季度股价上涨了17%。但是,如果你看看过去的五年,回报并不理想。实际上,股价下跌了29%,远低于购买指数基金所能获得的回报。

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 paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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.

用本杰明·格雷厄姆的话来说:从短期来看,市场是一台投票机器,但从长远来看,它是一台称重机。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。

During the unfortunate half decade during which the share price slipped, Dominion Energy actually saw its earnings per share (EPS) improve by 4.7% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. Alternatively, growth expectations may have been unreasonable in the past.

在股价下滑的不幸五年中,Dominion Energy的每股收益(EPS)实际上每年增长4.7%。因此,每股收益似乎不是了解市场如何估值股票的好指南。或者,过去的增长预期可能不合理。

By glancing at these numbers, we'd posit that the the market had expectations of much higher growth, five years ago. Looking to other metrics might better explain the share price change.

通过浏览这些数字,我们可以假设五年前,市场对更高的增长抱有预期。看看其他指标可能会更好地解释股价的变化。

The most recent dividend was actually lower than it was in the past, so that may have sent the share price lower. The revenue decline of 0.6% per year wouldn't have helped. So the the weak dividend and revenue data could well help explain the soft share price.

最近的股息实际上低于过去,因此这可能使股价走低。每年0.6%的收入下降无济于事。因此,疲软的股息和收入数据很可能有助于解释疲软的股价。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

公司的收入和收益(随着时间的推移)如下图所示(点击查看确切数字)。

earnings-and-revenue-growth
NYSE:D Earnings and Revenue Growth May 22nd 2024
纽约证券交易所:收益和收入增长 2024 年 5 月 22 日

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. You can see what analysts are predicting for Dominion Energy in this interactive graph of future profit estimates.

可能值得注意的是,我们在上个季度看到了大量的内幕买盘,我们认为这是积极的。另一方面,我们认为收入和收益趋势是衡量业务的更有意义的指标。您可以在这张未来利润估计的交互式图表中看到分析师对Dominion Energy的预测。

What About Dividends?

分红呢?

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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Dominion Energy's TSR for the last 5 years was -12%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

重要的是要考虑任何给定股票的股东总回报率和股价回报率。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。可以说,股东总回报率更全面地描述了股票产生的回报。碰巧的是,道明能源过去5年的股东总回报率为-12%,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

Dominion Energy shareholders gained a total return of 9.0% during the year. Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 2% endured over half a decade. So this might be a sign the business has turned its fortunes around. It's always interesting to track share price performance over the longer term. But to understand Dominion Energy better, we need to consider many other factors. Even so, be aware that Dominion Energy is showing 3 warning signs in our investment analysis , and 2 of those don't sit too well with us...

道明能源股东在年度的总回报率为9.0%。不幸的是,这没有达到市场回报率。好的一面是,这仍然是一个收益,而且肯定比五年来每年遭受的约2%的亏损要好。因此,这可能表明该企业已经扭转了命运。长期跟踪股价表现总是很有意思的。但是,为了更好地了解Dominion Energy,我们需要考虑许多其他因素。即便如此,请注意,Dominion Energy在我们的投资分析中显示了3个警告信号,其中2个对我们来说不太合适...

Dominion Energy is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.

道明能源并不是内部人士唯一买入的股票。对于那些喜欢寻找知名度较低的公司的人来说,这份最近有内幕收购的成长型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。

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