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While Shareholders of Enphase Energy (NASDAQ:ENPH) Are in the Black Over 5 Years, Those Who Bought a Week Ago Aren't so Fortunate

While Shareholders of Enphase Energy (NASDAQ:ENPH) Are in the Black Over 5 Years, Those Who Bought a Week Ago Aren't so Fortunate

儘管Enphase Energy(納斯達克股票代碼:ENPH)的股東在5年內一直處於虧損狀態,但一週前收購的股東卻不那麼幸運
Simply Wall St ·  05/22 23:53

Long term investing can be life changing when you buy and hold the truly great businesses. And we've seen some truly amazing gains over the years. Just think about the savvy investors who held Enphase Energy, Inc. (NASDAQ:ENPH) shares for the last five years, while they gained 584%. If that doesn't get you thinking about long term investing, we don't know what will. In the last week shares have slid back 3.4%. It really delights us to see such great share price performance for investors.

當您購買並持有真正優秀的企業時,長期投資可以改變生活。這些年來,我們已經看到了一些非常驚人的成果。想想那些在過去五年中持有Enphase Energy, Inc.(納斯達克股票代碼:ENPH)股票的精明投資者,他們上漲了584%。如果這不能讓你考慮長期投資,我們不知道會怎樣。上週股價下跌了3.4%。看到投資者如此出色的股價表現確實令我們高興。

In light of the stock dropping 3.4% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.

鑑於該股在過去一週下跌了3.4%,我們想調查長期情況,看看基本面是否是公司五年正回報的驅動力。

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 flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

引用巴菲特的話說:“船隻將在世界各地航行,但Flat Earth Society將蓬勃發展。市場上的價格和價值之間將繼續存在巨大差異...”評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。

During the five years of share price growth, Enphase Energy moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. In fact, the Enphase Energy stock price is 22% lower in the last three years. Meanwhile, EPS is up 39% per year. So there seems to be a mismatch between the positive EPS growth and the change in the share price, which is down -8% per year.

在股價增長的五年中,Enphase Energy從虧損轉爲盈利。有時,盈利能力的開始是一個重要的轉折點,這可能預示着收益的快速增長,這反過來又證明了股價的強勁上漲是合理的。鑑於該公司在三年前實現了盈利,但不是在五年前盈利,因此過去三年的股價回報也值得一看。實際上,Enphase Energy的股價在過去三年中下跌了22%。同時,每股收益每年增長39%。因此,每股收益的正增長與股價的變化(每年下跌-8%)之間似乎存在不匹配之處。

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
NasdaqGM:ENPH Earnings Per Share Growth May 22nd 2024
納斯達克通用汽車:ENPH 每股收益增長 2024 年 5 月 22 日

It's good to see that there was some significant insider buying in the last three months. That's a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. This free interactive report on Enphase Energy's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

很高興看到在過去三個月中出現了一些大規模的內幕買盤。這是積極的。另一方面,我們認爲收入和收益趨勢是衡量業務的更有意義的指標。如果你想進一步調查該股,這份關於Enphase Energy收益、收入和現金流的免費互動報告是一個很好的起點。

A Different Perspective

不同的視角

Enphase Energy shareholders are down 32% for the year, but the market itself is up 30%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 47%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Enphase Energy is showing 1 warning sign in our investment analysis , you should know about...

Enphase Energy的股東今年下跌了32%,但市場本身卻上漲了30%。但是,請記住,即使是最好的股票有時也會在十二個月內表現不如市場。長期投資者不會那麼沮喪,因爲他們本可以在五年內每年賺取47%的收入。如果基本面數據繼續顯示長期可持續增長,那麼當前的拋售可能是一個值得考慮的機會。我發現將長期股價視爲業務績效的代表非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。即便如此,請注意,Enphase Energy在我們的投資分析中顯示了1個警告信號,您應該知道...

Enphase 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.

Enphase Energy並不是內部人士唯一買入的股票。對於那些喜歡尋找知名度較低的公司的人來說,這份最近有內幕收購的成長型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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