Carlisle Companies' (NYSE:CSL) Investors Will Be Pleased With Their Solid 209% Return Over the Last Five Years
Carlisle Companies' (NYSE:CSL) Investors Will Be Pleased With Their Solid 209% Return Over the Last Five Years
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of Carlisle Companies Incorporated (NYSE:CSL) stock is up an impressive 191% over the last five years. In the last week shares have slid back 2.9%.
如果在一家公司購買股票（假設沒有槓桿），最糟糕的結果是你輸光了所有投入的錢。但好的一面是，如果有一支非常好的股票，你可以獲得遠超過100％的收益。例如，紐交所上的卡萊爾夥伴股票（CSL）在過去五年中漲幅高達191％。上週，股價下跌了2.9％。
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
讓我們長期看一下潛在的基本面，看看它們是否與股東回報一致。
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，“船隻會在世界各地航行，但是持平地球學會會蓬勃發展。在市場上，價格和價值之間將繼續存在巨大的差距……”評估公司周圍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 five years of share price growth, Carlisle Companies achieved compound earnings per share (EPS) growth of 22% per year. So the EPS growth rate is rather close to the annualized share price gain of 24% per year. That suggests that the market sentiment around the company hasn't changed much over that time. Indeed, it would appear the share price is reacting to the EPS.
在五年的股價增長期間，卡萊爾夥伴的複合每股收益（EPS）增長率爲22％。因此，EPS增長率與年化股價收益增長率24％非常接近。這表明公司的市場情緒在此期間沒有改變太多。實際上，股價似乎正在響應EPS。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況（點擊圖像以顯示確切值）。
It is of course excellent to see how Carlisle Companies has grown profits over the years, but the future is more important for shareholders. If you are thinking of buying or selling Carlisle Companies stock, you should check out this FREE detailed report on its balance sheet.
當然，看到卡萊爾夥伴多年來盈利增長的情況非常好，但對於股東來說，未來更加重要。如果您正在考慮購買或出售卡萊爾夥伴股票，則應查看有關其資產負債表的此免費詳細報告。
What About Dividends?
那麼分紅怎麼樣呢？
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Carlisle Companies the TSR over the last 5 years was 209%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
除了衡量股價回報之外，投資者還應考慮總股東回報率（TSR）。TSR是一種回報計算方法，考慮到現金股利的價值（假設收到的任何股息都是再投資的）以及任何降價的資本募集和分拆的計算價值。可以說，TSR爲支付股息的股票提供了更完整的圖片。我們注意到，對於卡萊爾夥伴，過去5年的TSR爲209％，比上述股價回報率更高。這主要是其分紅支付的結果！
A Different Perspective
不同的觀點
It's good to see that Carlisle Companies has rewarded shareholders with a total shareholder return of 60% in the last twelve months. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 25% per year), it would seem that the stock's performance has improved in recent times. 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 Carlisle Companies better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Carlisle Companies you should be aware of.
很高興看到卡萊爾夥伴在過去12個月裏以總股東回報率爲60％回饋股東，其中包括分紅。由於一年的TSR優於五年的TSR（後者每年爲25％），似乎股票的表現近期有所改善。在最理想的情況下，這可能暗示着一些真正的業務動量，這意味着現在深入挖掘可能是一個絕佳的時機。跟蹤股價的長期表現總是有趣的。但是，要更好地了解卡萊爾夥伴，我們需要考慮許多其他因素。例如：我們已經發現這裏有1個警告跡象，您應該注意一下。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果您像我一樣，就不會希望錯過這份免費的內部人士正在購買的低估小市值股票列表。
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，本文所引述的市場回報反映了目前在美國交易所上市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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。