Here's Why We Think Trinity Industries (NYSE:TRN) Might Deserve Your Attention Today
Here's Why We Think Trinity Industries (NYSE:TRN) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.
一些投机者对于能够逆转命运的公司感到兴奋,因此即使是没有营业收入、没有利润和持续亏损的公司也能够找到投资者。有时这些故事会迷惑投资者的判断,导致他们出于情感而非优秀公司基本面的价值投资。亏损的公司会像资本吸盘一样,所以投资者应该小心不要在失败的公司上浪费好的钱。
Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Trinity Industries (NYSE:TRN). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing.
尽管现在处于科技股的蓝天投资时代,但很多投资者仍然采取更为传统的策略,即购买像Trinity Industries(纽交所:TRN)这样的盈利公司股票。尽管这并不一定代表其是否被低估,但公司的盈利能力足以引起一些赞赏,尤其是在其不断增长的情况下。
Trinity Industries' Improving Profits
Trinity Industries的盈利能力提高
Over the last three years, Trinity Industries has grown earnings per share (EPS) at as impressive rate from a relatively low point, resulting in a three year percentage growth rate that isn't particularly indicative of expected future performance. So it would be better to isolate the growth rate over the last year for our analysis. Trinity Industries' EPS skyrocketed from US$1.06 to US$1.71, in just one year; a result that's bound to bring a smile to shareholders. That's a commendable gain of 61%.
在过去三年中,Trinity Industries的每股收益从一个相对较低的水平迅猛增长,导致三年的年均增长率并不特别能反映出未来的业绩表现。因此,最好将我们的分析重点放在过去一年的增长率上。在短短一年的时间内,Trinity Industries的每股收益从1.06美元飙升至1.71美元,这个结果一定会让股东们感到高兴。这是令人称赞的61%的增长。
One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. The music to the ears of Trinity Industries shareholders is that EBIT margins have grown from 9.6% to 12% in the last 12 months and revenues are on an upwards trend as well. Ticking those two boxes is a good sign of growth, in our book.
检查一家公司的增长方式之一是看它的营业收入和利润税前利润率(EBIT)的变化。对于Trinity Industries的股东来说,好消息是,利润税前利润率已经从过去12个月的9.6%增长到了12%,收入也呈上升趋势。对我们来说,这两点的同时增长是一个很好的增长迹象。
You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image.
NasdaqGS: CTAS 财务历史纪录 2024年6月2日
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240725/0-0b0692a6aea939b1a8122af9fc653f90-0-1574fb7f1df9668cc6b30653c8cc72bf.png/big)
Fortunately, we've got access to analyst forecasts of Trinity Industries' future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
幸运的是,我们可以获得Trinity Industries未来利润的分析师预测。您可以不查看自己的预测,或者可以偷看一下专业人士的预测。
Are Trinity Industries Insiders Aligned With All Shareholders?
Trinity Industries内部人是否与所有股东保持一致?
It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests. So it is good to see that Trinity Industries insiders have a significant amount of capital invested in the stock. Indeed, they hold US$40m worth of its stock. This considerable investment should help drive long-term value in the business. While their ownership only accounts for 1.5%, this is still a considerable amount at stake to encourage the business to maintain a strategy that will deliver value to shareholders.
如果内部人也持有股份,与所有股东形成紧密的利益联盟,那么持有一家公司的股份应该会给投资者带来安全感。因此,很高兴看到Trinity Industries内部人在该股票上投资了大量资本。他们持有其股票价值达到了4000万美元。这笔重大投资应该有助于推动公司长期价值的增长。尽管他们的持股仅占1.5%,但对于鼓励公司保持能够为股东创造价值的策略来说,这仍然是一个相当可观的份额。
While it's always good to see some strong conviction in the company from insiders through heavy investment, it's also important for shareholders to ask if management compensation policies are reasonable. Well, based on the CEO pay, you'd argue that they are indeed. For companies with market capitalisations between US$2.0b and US$6.4b, like Trinity Industries, the median CEO pay is around US$6.7m.
尽管从内部人通过重仓投资公司中看到了公司的强信念,但股东还需要问的是,管理层的薪酬政策是否合理。好消息是,基于CEO的薪酬,您可以得出结论,他们确实是合理的。对于像Trinity Industries这样的市值介于20亿美元至64亿美元之间的公司,CEO的中位数薪酬约为670万美元。
Trinity Industries' CEO took home a total compensation package worth US$5.7m in the year leading up to December 2023. That is actually below the median for CEO's of similarly sized companies. CEO compensation is hardly the most important aspect of a company to consider, but when it's reasonable, that gives a little more confidence that leadership are looking out for shareholder interests. It can also be a sign of a culture of integrity, in a broader sense.
在2023年12月之前的一年中,Trinity Industries的CEO获得了总共570万美元的薪酬奖金。这实际上低于同等规模公司的CEO的中位数。CEO的薪酬并不是考虑公司最重要的方面,但是当它是合理的时候,这可以更加增强对领导层正在为股东利益着想的信心。从更广泛的意义上说,这也是正直文化的一个标志。
Does Trinity Industries Deserve A Spot On Your Watchlist?
Trinity Industries是否应该被加入自选列表?
If you believe that share price follows earnings per share you should definitely be delving further into Trinity Industries' strong EPS growth. If that's not enough, consider also that the CEO pay is quite reasonable, and insiders are well-invested alongside other shareholders. The overarching message here is that Trinity Industries has underlying strengths that make it worth a look at. Still, you should learn about the 4 warning signs we've spotted with Trinity Industries (including 1 which can't be ignored).
如果您认为股价跟随每股收益走势,那么您一定要深入探究Trinity Industries的强劲每股收益增长。如果还不够,还需要考虑到CEO报酬相当合理,内部人与其他股东也有良好的投资回报。总的来说,Trinity Industries拥有让它值得一看的潜在优势。然而,您应该了解我们发现的四个警报信号(其中一个不能忽视)。
There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of companies which have demonstrated growth backed by significant insider holdings.
购买未增长收益且没有内部人买入股票的股票可能会取得良好的成绩。但是对于那些考虑这些重要指标的人,我们鼓励您查看那些具备这些特征的公司列表。您可以访问定制列表,其中有证明会员持股的公司进行了增长。
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
请注意,本文讨论的内部交易是指在相关司法管辖区中报告的交易。
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。