Trex Company (NYSE:TREX) Jumps 13% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns
Trex Company (NYSE:TREX) Jumps 13% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns
While Trex Company, Inc. (NYSE:TREX) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 15% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. It's fair to say most would be happy with 105% the gain in that time. So while it's never fun to see a share price fall, it's important to look at a longer time horizon. Of course, that doesn't necessarily mean it's cheap now.
而 Trex Company, Inc. 纽约证券交易所代码:TREX)的股东可能普遍感到高兴,该股最近表现不佳,上个季度股价下跌了15%。但这并不能改变过去五年的回报非常强劲的事实。可以公平地说,大多数人会对那段时间内105%的收益感到满意。因此,尽管看到股价下跌从来都不是一件好玩的事,但重要的是要考虑更长的时间范围。当然,这并不一定意味着它现在很便宜。
Since the stock has added US$805m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由于该股仅在过去一周就增加了8.05亿美元的市值,因此让我们看看基础表现是否推动了长期回报。
See our latest analysis for Trex Company
查看我们对 Trex Company 的最新分析
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
尽管一些人继续教导高效市场假说,但事实证明,市场是反应过度的动态系统,投资者并不总是理性的。考虑市场对公司的看法发生了怎样的变化的一种不完美但简单的方法是将每股收益(EPS)的变化与股价走势进行比较。
Over half a decade, Trex Company managed to grow its earnings per share at 10% a year. This EPS growth is slower than the share price growth of 15% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth.
在过去的五年中,Trex Company设法以每年10%的速度增长了每股收益。每股收益的增长低于同期股价每年15%的增长。因此,可以公平地假设市场对该业务的看法比五年前更高。考虑到增长记录,这并不令人震惊。
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 在一段时间内的跟踪情况(如果你点击图片,你可以看到更多细节)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231107/0-de9a6f9f6b8bcde9ea967db2ae6c1904-0-aef071abaeac71ae387bbe4f4a0bd966.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
可能值得注意的是,首席执行官的薪水低于类似规模公司的中位数。但是,尽管首席执行官的薪酬总是值得检查的,但真正重要的问题是公司未来能否增加收益。在买入或卖出股票之前,我们始终建议仔细研究历史增长趋势,可在此处查阅。
A Different Perspective
不同的视角
It's nice to see that Trex Company shareholders have received a total shareholder return of 43% over the last year. That's better than the annualised return of 15% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Before deciding if you like the current share price, check how Trex Company scores on these 3 valuation metrics.
很高兴看到Trex Company的股东在去年获得了43%的股东总回报率。这比五年来15%的年化回报率要好,这意味着该公司最近的表现更好。鉴于股价势头仍然强劲,可能值得仔细研究该股,以免错过机会。在决定您是否喜欢当前的股价之前,请查看Trex Company在这三个估值指标上的得分。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
如果你想去另一家公司看看 —— 一家财务状况可能优异的公司 —— 那千万不要错过这个 免费的 已证明可以增加收益的公司名单。
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,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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Simply Wall St的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。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。简而言之,华尔街在上述任何股票中都没有头寸。