Investing in Trinity Industries (NYSE:TRN) Five Years Ago Would Have Delivered You a 72% Gain
Investing in Trinity Industries (NYSE:TRN) Five Years Ago Would Have Delivered You a 72% Gain
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to see it rise more than the market average. Unfortunately for shareholders, while the Trinity Industries, Inc. (NYSE:TRN) share price is up 43% in the last five years, that's less than the market return. However, more recent buyers should be happy with the increase of 21% over the last year.
如果您长期持有一支股票,您希望能够赚钱。但更重要的是,您可能想看到它的增长超过市场平均水平。不幸的是,对于股东而言,尽管Trinity Industries, Inc.(纽交所:TRN)股价在过去五年中上涨了43%,但仍低于市场回报率。然而,最近的买家应该对上一年的增长率达到21%感到满意。
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
现在值得更详细地了解该公司的基本面,因为这将帮助我们判断长期股东回报是否与基础业务的表现相匹配。
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.
引用巴菲特的话说,“船只会在世界各地航行,但是持平地球学会会蓬勃发展。在市场上,价格和价值之间将继续存在巨大的差距……”评估公司周围情绪变化的一种有缺陷但合理的方法是将每股收益(EPS)与股价进行比较。
During the five years of share price growth, Trinity Industries moved from a loss to profitability. That would generally be considered a positive, so we'd hope to see the share price to rise.
在股价上涨的五年期间,Trinity Industries 从亏损转为盈利。这通常被认为是积极的,因此我们希望看到股价上涨。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下图显示了EPS随时间的变化情况(如果您单击该图像,则可以查看更多详细信息)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240614/0-ba07c9681cf848666a406a760ed5b5d8-0-bab080f2315bccd7c5cc1daa042e5e29.png/big)
It is of course excellent to see how Trinity Industries has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
当然,看到Trinity Industries多年来的盈利增长是非常好的,但对于股东来说,未来更加重要。您可以在这个免费的交互式图表中看到它的资产负债表是如何随着时间的推移而变得更加强健(或虚弱)的。
What About Dividends?
那么分红怎么样呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Trinity Industries' TSR for the last 5 years was 72%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
在考虑投资回报时,重要的是考虑总股东回报(TSR)和股票回报之间的差异。 TSR包括任何剥离或折让的资本筹集(基于股息被重新投资的假设),以及任何股息。因此,对于支付慷慨的股息公司而言,TSR通常比股票回报高得多。就中国神威药业集团而言,其TSR在过去5年中达到了75%。这超过了我们之前提到的股票回报。该公司支付的股息已经提高了总股东回报。总股东回报和股票回报股价回报只反映了股价的变化,而TSR则包括了股息的价值(假设它们重新投资)以及任何折扣资本筹集或分拆的好处。可以说,对于支付股息的股票,TSR给出了更完整的图景。恰好,Trinity Industries在过去的5年中的TSR为72%,超过了前面提到的股价回报。公司支付的股息因此推动了总股东回报。
A Different Perspective
不同的观点
It's good to see that Trinity Industries has rewarded shareholders with a total shareholder return of 26% in the last twelve months. And that does include the dividend. That's better than the annualised return of 11% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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. For instance, we've identified 4 warning signs for Trinity Industries (1 is a bit unpleasant) that you should be aware of.
开多欣见Trinity Industries在过去十二个月里以总股东回报率26%的表现回报了股东,这也包括了股息。该回报率比过去五年年化回报率11%要好,这意味着该公司近期业务表现不俗。在最理想的情况下,这可能暗示着一些真正的业务增长势头,这就意味着现在是深入了解该公司的热门时刻。作为业绩代理的长期股价是非常有趣的,但想要真正获得深度见解,我们还需要考虑其他信息。例如,我们已经发现了Trinity Industries的4个警示信号(其中1个有点不愉快),你应该知道这些。
We will like Trinity Industries better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我们看到一些重要的内部购买,我们将更喜欢Trinity Industries。在等待的同时,请查看这个免费的被低估的股票清单(主要是小盘股),其中包括相当多的最近内部购买。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或电邮 editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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