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Investing in Trustmark (NASDAQ:TRMK) a Year Ago Would Have Delivered You a 54% Gain

Investing in Trustmark (NASDAQ:TRMK) a Year Ago Would Have Delivered You a 54% Gain

投资trustmark (纳斯达克:TRMK) 一年前将使您获得54%的收益
Simply Wall St ·  10/11 07:59

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. For example, the Trustmark Corporation (NASDAQ:TRMK) share price is up 49% in the last 1 year, clearly besting the market return of around 32% (not including dividends). So that should have shareholders smiling. On the other hand, longer term shareholders have had a tougher run, with the stock falling 3.8% in three years.

现在简单买入一个指数基金很容易,您的回报【大致上】应该与市场相匹配。但投资者可以通过选择超越市场的公司来持有股份来提高回报。例如,Trustmark Corporation(纳斯达克:TRMK)的股价在过去1年上涨了49%,明显优于市场回报约32%(不包括分红派息)。这应该让股东开心。另一方面,长期股东则经历了更为困难的时期,该股票在三年内下跌了3.8%。

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

让我们长期看一下潜在的基本面,看看它们是否与股东回报一致。

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. 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.

沃伦·巴菲特在他的文章《格雷厄姆与多德维尔的超级投资者》中描述了股票价格并不总是合理地反映了一家企业的价值。考虑市场对一家公司的看法如何转变的一种不完美但简单的方法,是将每股收益(EPS)的变化与股价的动态进行比较。

Over the last twelve months, Trustmark actually shrank its EPS by 85%.

过去十二个月,Trustmark实际上将其每股收益减少了85%。

So we don't think that investors are paying too much attention to EPS. Indeed, when EPS is declining but the share price is up, it often means the market is considering other factors.

因此,我们认为投资者并没有过多关注每股收益。实际上,当每股收益下降但股价上涨时,这通常意味着市场正在考虑其他因素。

Unfortunately Trustmark's fell 23% over twelve months. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.

不幸的是,Trustmark的股价在十二个月内下跌了23%。因此,使用关键业务指标的快照并不能很好地说明市场为何抬高股票价格。

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

以下图像显示了公司的营业收入和盈利(随时间变化)(单击以查看准确的数字)。

big
NasdaqGS:TRMK Earnings and Revenue Growth October 11th 2024
NasdaqGS:TRMk盈利和营业收入增长2024年10月11日

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. This free report showing analyst forecasts should help you form a view on Trustmark

值得一提的是,该CEO的薪酬低于类似规模公司的中位数。但是,虽然CEO的薪酬总是值得检查的,但真正重要的问题是公司未来是否能够增长盈利。这份显示分析师预测的免费报告应该会帮助您形成对Trustmark的看法

What About Dividends?

那么分红怎么样呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Trustmark the TSR over the last 1 year was 54%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

除了衡量股价回报之外,投资者还应该考虑总股东回报(TSR)。TSR是一种回报计算,考虑了现金分红的价值(假设已重新投资任何收到的分红)以及任何折现资本增发和剥离的计算值。因此,对于支付丰厚股息的公司,TSR往往比股价回报高得多。我们注意到,Trustmark过去1年的TSR为54%,高于上面提到的股价回报。公司支付的股息因此提升了总股东回报。

A Different Perspective

不同的观点

It's good to see that Trustmark has rewarded shareholders with a total shareholder return of 54% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 1.9% 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. 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. Case in point: We've spotted 3 warning signs for Trustmark you should be aware of.

很高兴看到Trustmark在过去十二个月里向股东们奖励了总回报率达到54%。当然,这其中包括了股息。比起过去半个十年1.9%的年化回报率,这表明公司最近表现得更好。鉴于股价势头依然强劲,或许值得更仔细地观察这支股票,以免错失良机。我发现长期观察股价是作为业务绩效的一种辅助手段非常有趣。但要真正获得洞察,我们也需要考虑其他信息。举个例子:我们已发现Trustmark存在3个警示信号,你需要注意。

But note: Trustmark may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

但需要注意:Trustmark可能不是最好的股票买入选择。所以看一眼这个包含过去盈利增长(以及未来增长预测)的有趣公司免费清单。

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。

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。

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