<p>当你购买一家公司的股票时，值得考虑它可能会失败的可能性，这样你可能会损失资金。但当你选择一家真正繁荣的公司时，你可以获得超过 100% 的收益。例如，<strong>空中客车公司</strong>（EPA:AIR）的股票在过去五年中上涨了令人印象深刻的 167%。此外，股东们在过去三个月中也欣喜地看到股价上涨了 11%。</p>
<p>因此，让我们评估过去五年的基本面，看看它们是否与股东回报同步变化。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p>引用巴菲特的话，‘船只将环游世界，但平面地球协会将蓬勃发展。市场上价格与价值之间将继续存在巨大差异……’ 通过比较每股收益（EPS）和股价随时间的变化，我们可以感受到投资者对公司的态度是如何随着时间的推移而变化的。</p>
<p>在过去的五年中，空中客车实现了盈利。有时，盈利的开始是一个重要的转折点，可能预示着快速的收益增长，这反过来又证明了非常强劲的股价上涨。考虑到该公司三年前盈利，但五年前并未盈利，因此值得关注过去三年的股价回报。实际上，空中客车的股价在三年内上涨了 92%。与此同时，EPS 每年增长 8.1%。这一 EPS 增长低于股价在三年内平均 24% 的年增长率。因此，可以合理地假设市场对该公司的看法比三年前更为积极。</p>
<p>下图展示了 EPS 随时间的变化（点击图片可揭示确切数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/561001-earnings-per-share-growth-1-dark-2/1757148596133?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/561001-earnings-per-share-growth-1-dark-2/1757148596133"/></p>
<p>ENXTPA:AIR 每股收益增长 2025 年 9 月 6 日</p>
<p>我们知道空中客车最近改善了其底线，但它的收入会增长吗？如果你感兴趣，可以查看这份 <strong>免费</strong> 报告，显示共识收入预测。</p>
<h2>股息情况如何？</h2>
<p>考虑任何给定股票的总股东回报以及股价回报是很重要的。总股东回报（TSR）是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折扣融资和分拆的计算价值。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。在空中客车的情况下，过去五年的 TSR 为 186%。这超过了我们之前提到的股价回报。可以毫不费力地猜测，股息支付在很大程度上解释了这种差异！</p>
<h2>不同的视角</h2>
<p>我们很高兴地报告，空中客车的股东在一年内获得了 46% 的总股东回报。这包括股息。这一收益好于五年内的年均 TSR，后者为 23%。因此，似乎最近对公司的情绪是积极的。持乐观态度的人可能会将最近 TSR 的改善视为公司本身随着时间的推移而变得更好的迹象。在对空中客车形成看法之前，你可能想考虑这三个估值指标。</p>
<p>如果你更愿意查看另一家公司——一家可能财务状况更优的公司——那么不要错过这份 <strong>免费</strong> 的公司名单，这些公司已经证明它们能够实现盈利增长。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在法国交易所交易的股票的市场加权平均回报。</em></p>

空中客车(ADR)

<p>空中客车（EPA:AIR）股东在过去五年中实现了 23% 的年复合增长率（CAGR），在此期间股价增长了 167%。该公司在三年前实现盈利，自那时以来股价上涨了 92%。过去五年的总股东回报率（TSR）为 186%，主要得益于分红。最近，空中客车报告了过去一年 46% 的 TSR，显示出积极的市场情绪和业务潜在增长</p>

<p>When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But when you pick a company that is really flourishing, you can <em>make</em> more than 100%. For instance, the price of <strong>Airbus SE</strong> (EPA:AIR) stock is up an impressive 167% over the last five years. Also pleasing for shareholders was the 11% gain in the last three months.</p>
<div class="lb-trans"><p>当你购买一家公司的股票时，值得考虑它可能会失败的可能性，这样你可能会损失资金。但当你选择一家真正繁荣的公司时，你可以获得超过 100% 的收益。例如，<strong>空中客车公司</strong>（EPA:AIR）的股票在过去五年中上涨了令人印象深刻的 167%。此外，股东们在过去三个月中也欣喜地看到股价上涨了 11%。</p>
</div><p>So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.</p>
<div class="lb-trans"><p>因此，让我们评估过去五年的基本面，看看它们是否与股东回报同步变化。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p>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...' By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.</p>
<div class="lb-trans"><p>引用巴菲特的话，‘船只将环游世界，但平面地球协会将蓬勃发展。市场上价格与价值之间将继续存在巨大差异……’ 通过比较每股收益（EPS）和股价随时间的变化，我们可以感受到投资者对公司的态度是如何随着时间的推移而变化的。</p>
</div><p>During the last half decade, Airbus became profitable. 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. Indeed, the Airbus share price has gained 92% in three years. Meanwhile, EPS is up 8.1% per year. This EPS growth is lower than the 24% average annual increase in the share price over three years. So it's fair to assume the market has a higher opinion of the business than it did three years ago.</p>
<div class="lb-trans"><p>在过去的五年中，空中客车实现了盈利。有时，盈利的开始是一个重要的转折点，可能预示着快速的收益增长，这反过来又证明了非常强劲的股价上涨。考虑到该公司三年前盈利，但五年前并未盈利，因此值得关注过去三年的股价回报。实际上，空中客车的股价在三年内上涨了 92%。与此同时，EPS 每年增长 8.1%。这一 EPS 增长低于股价在三年内平均 24% 的年增长率。因此，可以合理地假设市场对该公司的看法比三年前更为积极。</p>
</div><p>The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).</p>
<div class="lb-trans"><p>下图展示了 EPS 随时间的变化（点击图片可揭示确切数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/561001-earnings-per-share-growth-1-dark-2/1757148596133" alt="" original-src="https://images.simplywall.st/asset/chart/561001-earnings-per-share-growth-1-dark-2/1757148596133"/></p>
<p>ENXTPA:AIR Earnings Per Share Growth September 6th 2025</p>
<div class="lb-trans"><p>ENXTPA:AIR 每股收益增长 2025 年 9 月 6 日</p>
</div><p>We know that Airbus has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this <strong>free</strong> report showing consensus revenue forecasts.</p>
<div class="lb-trans"><p>我们知道空中客车最近改善了其底线，但它的收入会增长吗？如果你感兴趣，可以查看这份 <strong>免费</strong> 报告，显示共识收入预测。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>It is important to consider the total shareholder return, as well as the share price return, for any given stock. 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. In the case of Airbus, it has a TSR of 186% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!</p>
<div class="lb-trans"><p>考虑任何给定股票的总股东回报以及股价回报是很重要的。总股东回报（TSR）是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折扣融资和分拆的计算价值。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。在空中客车的情况下，过去五年的 TSR 为 186%。这超过了我们之前提到的股价回报。可以毫不费力地猜测，股息支付在很大程度上解释了这种差异！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>We're pleased to report that Airbus shareholders have received a total shareholder return of 46% over one year. That's including the dividend. That gain is better than the annual TSR over five years, which is 23%. 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. Before forming an opinion on Airbus you might want to consider these 3 valuation metrics.</p>
<div class="lb-trans"><p>我们很高兴地报告，空中客车的股东在一年内获得了 46% 的总股东回报。这包括股息。这一收益好于五年内的年均 TSR，后者为 23%。因此，似乎最近对公司的情绪是积极的。持乐观态度的人可能会将最近 TSR 的改善视为公司本身随着时间的推移而变得更好的迹象。在对空中客车形成看法之前，你可能想考虑这三个估值指标。</p>
</div><p>If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this <strong>free</strong> list of companies that have proven they can grow earnings.</p>
<div class="lb-trans"><p>如果你更愿意查看另一家公司——一家可能财务状况更优的公司——那么不要错过这份 <strong>免费</strong> 的公司名单，这些公司已经证明它们能够实现盈利增长。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on French exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在法国交易所交易的股票的市场加权平均回报。</em></p>
</div>

空中客车 (EPA:AIR) 的股东在过去五年间实现了 23% 的年均复合增长率