<p>當你購買一家公司的股票時，值得考慮它可能會失敗的可能性，這樣你可能會損失資金。但當你選擇一家真正繁榮的公司時，你可以獲得超過 100% 的收益。例如，<strong>空中客車公司</strong>（EPA:AIR）的股票在過去五年中上漲了令人印象深刻的 167%。此外，股東們在過去三個月中也欣喜地看到股價上漲了 11%。</p>
<p>因此，讓我們評估過去五年的基本面，看看它們是否與股東回報同步變化。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<p>引用巴菲特的話，‘船隻將環遊世界，但平面地球協會將蓬勃發展。市場上價格與價值之間將繼續存在巨大差異……’ 通過比較每股收益（EPS）和股價隨時間的變化，我們可以感受到投資者對公司的態度是如何隨着時間的推移而變化的。</p>
<p>在過去的五年中，空中客車實現了盈利。有時，盈利的開始是一個重要的轉折點，可能預示着快速的收益增長，這反過來又證明了非常強勁的股價上漲。考慮到該公司三年前盈利，但五年前並未盈利，因此值得關注過去三年的股價回報。實際上，空中客車的股價在三年內上漲了 92%。與此同時，EPS 每年增長 8.1%。這一 EPS 增長低於股價在三年內平均 24% 的年增長率。因此，可以合理地假設市場對該公司的看法比三年前更為積極。</p>
<p>下圖展示了 EPS 隨時間的變化（點擊圖片可揭示確切數值）。</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 每股收益增長 2025 年 9 月 6 日</p>
<p>我們知道空中客車最近改善了其底線，但它的收入會增長嗎？如果你感興趣，可以查看這份 <strong>免費</strong> 報告，顯示共識收入預測。</p>
<h2>股息情況如何？</h2>
<p>考慮任何給定股票的總股東回報以及股價回報是很重要的。總股東回報（TSR）是一種回報計算，考慮了現金股息的價值（假設收到的任何股息都被再投資）以及任何折扣融資和分拆的計算價值。可以公平地説，TSR 為支付股息的股票提供了更完整的圖景。在空中客車的情況下，過去五年的 TSR 為 186%。這超過了我們之前提到的股價回報。可以毫不費力地猜測，股息支付在很大程度上解釋了這種差異！</p>
<h2>不同的視角</h2>
<p>我們很高興地報告，空中客車的股東在一年內獲得了 46% 的總股東回報。這包括股息。這一收益好於五年內的年均 TSR，後者為 23%。因此，似乎最近對公司的情緒是積極的。持樂觀態度的人可能會將最近 TSR 的改善視為公司本身隨着時間的推移而變得更好的跡象。在對空中客車形成看法之前，你可能想考慮這三個估值指標。</p>
<p>如果你更願意查看另一家公司——一家可能財務狀況更優的公司——那麼不要錯過這份 <strong>免費</strong> 的公司名單，這些公司已經證明它們能夠實現盈利增長。</p>
<p><em>請注意，本文中引用的市場回報反映了目前在法國交易所交易的股票的市場加權平均回報。</em></p>

空中客車(ADR)

<p>空中客車（EPA:AIR）股東在過去五年中實現了 23% 的年複合增長率（CAGR），在此期間股價增長了 167%。該公司在三年前實現盈利，自那時以來股價上漲了 92%。過去五年的總股東回報率（TSR）為 186%，主要得益於分紅。最近，空中客車報告了過去一年 46% 的 TSR，顯示出積極的市場情緒和業務潛在增長</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>當你購買一家公司的股票時，值得考慮它可能會失敗的可能性，這樣你可能會損失資金。但當你選擇一家真正繁榮的公司時，你可以獲得超過 100% 的收益。例如，<strong>空中客車公司</strong>（EPA:AIR）的股票在過去五年中上漲了令人印象深刻的 167%。此外，股東們在過去三個月中也欣喜地看到股價上漲了 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，讓我們評估過去五年的基本面，看看它們是否與股東回報同步變化。</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>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</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>引用巴菲特的話，‘船隻將環遊世界，但平面地球協會將蓬勃發展。市場上價格與價值之間將繼續存在巨大差異……’ 通過比較每股收益（EPS）和股價隨時間的變化，我們可以感受到投資者對公司的態度是如何隨着時間的推移而變化的。</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>在過去的五年中，空中客車實現了盈利。有時，盈利的開始是一個重要的轉折點，可能預示着快速的收益增長，這反過來又證明了非常強勁的股價上漲。考慮到該公司三年前盈利，但五年前並未盈利，因此值得關注過去三年的股價回報。實際上，空中客車的股價在三年內上漲了 92%。與此同時，EPS 每年增長 8.1%。這一 EPS 增長低於股價在三年內平均 24% 的年增長率。因此，可以合理地假設市場對該公司的看法比三年前更為積極。</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>下圖展示了 EPS 隨時間的變化（點擊圖片可揭示確切數值）。</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 每股收益增長 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>我們知道空中客車最近改善了其底線，但它的收入會增長嗎？如果你感興趣，可以查看這份 <strong>免費</strong> 報告，顯示共識收入預測。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情況如何？</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>考慮任何給定股票的總股東回報以及股價回報是很重要的。總股東回報（TSR）是一種回報計算，考慮了現金股息的價值（假設收到的任何股息都被再投資）以及任何折扣融資和分拆的計算價值。可以公平地説，TSR 為支付股息的股票提供了更完整的圖景。在空中客車的情況下，過去五年的 TSR 為 186%。這超過了我們之前提到的股價回報。可以毫不費力地猜測，股息支付在很大程度上解釋了這種差異！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</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>我們很高興地報告，空中客車的股東在一年內獲得了 46% 的總股東回報。這包括股息。這一收益好於五年內的年均 TSR，後者為 23%。因此，似乎最近對公司的情緒是積極的。持樂觀態度的人可能會將最近 TSR 的改善視為公司本身隨着時間的推移而變得更好的跡象。在對空中客車形成看法之前，你可能想考慮這三個估值指標。</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>如果你更願意查看另一家公司——一家可能財務狀況更優的公司——那麼不要錯過這份 <strong>免費</strong> 的公司名單，這些公司已經證明它們能夠實現盈利增長。</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>請注意，本文中引用的市場回報反映了目前在法國交易所交易的股票的市場加權平均回報。</em></p>
</div>

空中客車 (EPA:AIR) 的股東在過去五年間實現了 23% 的年均複合增長率