Dycom Industries (NYSE:DY) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
Dycom Industries (NYSE:DY) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
Long term investing can be life changing when you buy and hold the truly great businesses. While the best companies are hard to find, but they can generate massive returns over long periods. For example, the Dycom Industries, Inc. (NYSE:DY) share price is up a whopping 308% in the last half decade, a handsome return for long term holders. If that doesn't get you thinking about long term investing, we don't know what will. It's even up 6.5% in the last week.
長期投資在你買入並持有真正偉大的企業時可以改變生活。雖然最好的公司很難找到,但它們在長時間內可以產生巨大的回報。例如,戴康工業公司(紐交所:DY)的股價在過去五年中上漲了驚人的308%,對於長揸者來說是豐厚的回報。如果這還不能讓你思考長期投資,我們也不知道還能有什麼了。它在過去一週也上漲了6.5%。
Since it's been a strong week for Dycom Industries shareholders, let's have a look at trend of the longer term fundamentals.
由於過去一週對戴康工業的股東來說表現強勁,讓我們來看看較長期基本面的趨勢。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
雖然有效市場假說仍然會被一些人教授,但已經證明市場是過度反應的動態系統,投資者並不總是理性的。考察市場情緒隨時間變化的一種方法是查看公司股價與每股收益(EPS)之間的互動。
Over half a decade, Dycom Industries managed to grow its earnings per share at 34% a year. That makes the EPS growth particularly close to the yearly share price growth of 32%. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. Rather, the share price has approximately tracked EPS growth.
在過去五年中,戴康工業每年的每股收益增長率爲34%。這使得每股收益的增長與每年股價增長32%特別接近。因此可以得出結論,市場對股價的情緒並沒有發生太大變化。相反,股價大致跟隨每股收益的增長。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
公司的每股收益(隨時間)如下圖所示(點擊查看確切數字)。
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
我們高興地報告,CEO的薪酬比大多數同類公司的CEO更爲適中。但雖然CEO的薪酬總是值得關注,但真正重要的問題是公司是否能夠持續增長收益。在買入或賣出股票之前,我們始終建議仔細檢查歷史增長趨勢,詳細信息見這裏。
A Different Perspective
不同的視角
It's nice to see that Dycom Industries shareholders have received a total shareholder return of 69% over the last year. That gain is better than the annual TSR over five years, which is 32%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Dycom Industries has 2 warning signs we think you should be aware of.
看到戴康工業的股東在過去一年中獲得了69%的總股東回報真是令人高興。這個收益比五年的年度總股東回報率32%還要好。因此,似乎近期對公司的 sentiment 是積極的。鑑於股價動量仍然強勁,可能值得更仔細地關注這隻股票,以免錯過機會。雖然考慮市場條件對股價的不同影響是非常值得的,但還有其他因素更爲重要。例如風險 - 戴康工業有2個我們認爲您應該注意的警告信號。
If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.
如果你像我一樣,那麼你一定不想錯過這份內部人士正在購買的被低估的小型股免費名單。
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,本文中引用的市場回報反映了當前在美國交易所上市股票的市場加權平均回報。
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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.
對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。
譯文內容由第三人軟體翻譯。
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