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.
一些投機者對於能夠逆轉命運的公司感到興奮,因此即使是沒有營業收入、沒有利潤和持續虧損的公司也能夠找到投資者。有時這些故事會迷惑投資者的判斷,導致他們出於情感而非優秀公司基本面的價值投資。虧損的公司會像資本吸盤一樣,所以投資者應該小心不要在失敗的公司上浪費好的錢。
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.
儘管現在處於科技股的藍天投資時代,但很多投資者仍然採取更爲傳統的策略,即購買像Trinity Industries(紐交所:TRN)這樣的盈利公司股票。儘管這並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讚賞,尤其是在其不斷增長的情況下。
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%.
在過去三年中,Trinity Industries的每股收益從一個相對較低的水平迅猛增長,導致三年的年均增長率並不特別能反映出未來的業績表現。因此,最好將我們的分析重點放在過去一年的增長率上。在短短一年的時間內,Trinity Industries的每股收益從1.06美元飆升至1.71美元,這個結果一定會讓股東們感到高興。這是令人稱讚的61%的增長。
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.
檢查一家公司的增長方式之一是看它的營業收入和利潤稅前利潤率(EBIT)的變化。對於Trinity Industries的股東來說,好消息是,利潤稅前利潤率已經從過去12個月的9.6%增長到了12%,收入也呈上升趨勢。對我們來說,這兩點的同時增長是一個很好的增長跡象。
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 財務歷史紀錄 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.
幸運的是,我們可以獲得Trinity Industries未來利潤的分析師預測。您可以不查看自己的預測,或者可以偷看一下專業人士的預測。
Are Trinity Industries Insiders Aligned With All Shareholders?
Trinity Industries內部人是否與所有股東保持一致?
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.
如果內部人也持有股份,與所有股東形成緊密的利益聯盟,那麼持有一家公司的股份應該會給投資者帶來安全感。因此,很高興看到Trinity Industries內部人在該股票上投資了大量資本。他們持有其股票價值達到了4000萬美元。這筆重大投資應該有助於推動公司長期價值的增長。儘管他們的持股僅佔1.5%,但對於鼓勵公司保持能夠爲股東創造價值的策略來說,這仍然是一個相當可觀的份額。
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.
儘管從內部人通過重倉投資公司中看到了公司的強信念,但股東還需要問的是,管理層的薪酬政策是否合理。好消息是,基於CEO的薪酬,您可以得出結論,他們確實是合理的。對於像Trinity Industries這樣的市值介於20億美元至64億美元之間的公司,CEO的中位數薪酬約爲670萬美元。
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獲得了總共570萬美元的薪酬獎金。這實際上低於同等規模公司的CEO的中位數。CEO的薪酬並不是考慮公司最重要的方面,但是當它是合理的時候,這可以更加增強對領導層正在爲股東利益着想的信心。從更廣泛的意義上說,這也是正直文化的一個標誌。
Does Trinity Industries Deserve A Spot On Your Watchlist?
Trinity Industries是否應該被加入自選列表?
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).
如果您認爲股價跟隨每股收益走勢,那麼您一定要深入探究Trinity Industries的強勁每股收益增長。如果還不夠,還需要考慮到CEO報酬相當合理,內部人與其他股東也有良好的投資回報。總的來說,Trinity Industries擁有讓它值得一看的潛在優勢。然而,您應該了解我們發現的四個警報信號(其中一個不能忽視)。
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.
購買未增長收益且沒有內部人買入股票的股票可能會取得良好的成績。但是對於那些考慮這些重要指標的人,我們鼓勵您查看那些具備這些特徵的公司列表。您可以訪問定製列表,其中有證明會員持股的公司進行了增長。
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
請注意,本文討論的內部交易是指在相關司法管轄區中報告的交易。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。