Trustmark's (NASDAQ:TRMK) 69% YoY Earnings Expansion Surpassed the Shareholder Returns Over the Past Year
Trustmark's (NASDAQ:TRMK) 69% YoY Earnings Expansion Surpassed the Shareholder Returns Over the Past Year
The simplest way to invest in stocks is to buy exchange traded funds. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). To wit, the Trustmark Corporation (NASDAQ:TRMK) share price is 32% higher than it was a year ago, much better than the market return of around 22% (not including dividends) in the same period. That's a solid performance by our standards! In contrast, the longer term returns are negative, since the share price is 7.4% lower than it was three years ago.
最簡單的投資股票的方法是買入交易所交易基金。但是如果選擇比平均水平更好的股票（作爲分散投資組合的一部分），那麼會有更好的表現。比如，Trustmark公司（NASDAQ:TRMK）的股價比一年前上漲了32%，遠遠高於同期市場收益率的約22%（不包括分紅派息）。按我們的標準，這是一種穩健的表現！相比之下，長期回報爲負，因爲股價比三年前下跌了7.4%。
Since it's been a strong week for Trustmark shareholders, let's have a look at trend of the longer term fundamentals.
由於Trustmark股東一直表現強勁，讓我們來看看長期基本面趨勢。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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.
雖然市場是一個強大的定價機制，但股價反映了投資者情緒，不僅僅是基本業績。一種有缺陷但合理的評估公司周圍情緒如何變化的方法是將每股收益（EPS）與股價進行比較。
Trustmark was able to grow EPS by 69% in the last twelve months. This EPS growth is significantly higher than the 32% increase in the share price. So it seems like the market has cooled on Trustmark, despite the growth. Interesting. The caution is also evident in the lowish P/E ratio of 11.35.
Trustmark能夠在過去12個月內將每股收益增長69％，這一增長顯著高於32％的股價漲幅。因此，儘管存在這樣的增長，市場似乎已經輕視Trustmark。我們可以通過PE（市盈率）比率的相對低水平看到謹慎情緒。
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
下圖顯示了EPS隨時間的變化情況（如果您單擊該圖像，則可以查看更多詳細信息）。
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..
值得注意的是，該公司的首席執行官的薪酬低於同樣規模的公司的中位數。但是，雖然首席執行官的報酬始終值得檢查，但真正重要的問題是公司是否能夠繼續增長收益。在購買或出售股票之前，我們始終建議對歷史增長趨勢進行仔細研究，此處提供了相關資訊。
What About Dividends?
那麼分紅怎麼樣呢？
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Trustmark's TSR for the last 1 year was 37%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
在考慮投資回報時，重要的是考慮總股東回報（TSR）和股票回報之間的差異。 TSR包括任何剝離或折讓的資本籌集（基於股息被重新投資的假設），以及任何股息。因此，對於支付慷慨的股息公司而言，TSR通常比股票回報高得多。就中國神威藥業集團而言，其TSR在過去5年中達到了75％。這超過了我們之前提到的股票回報。該公司支付的股息已經提高了總股東回報。總股東回報和股票回報TSR是一個考慮到現金分紅價值（假設任何獲得的股息都被重新投資）以及任何折現的資本籌集和剝離價值的回報計算方式。可以說TSR爲支付股息的股票提供了更完整的圖像。恰好，Trustmark公司過去1年的TSR爲37％，超過了先前提到的股價回報。因此，公司支付的股息增加了投資者的回報率。總股東回報。
A Different Perspective
不同的觀點
It's nice to see that Trustmark shareholders have received a total shareholder return of 37% over the last year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 1.1% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. If you would like to research Trustmark in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.
很高興看到Trustmark的股東在過去一年中獲得了總股東回報率爲37％的收益，當然其中包括分紅。由於一年的TSR優於五年的TSR（後者每年爲1.1％），這表明股票的表現近期有所改善。在最好的情況下，這可能暗示着一些真正的業務勢頭，這意味着現在是深入挖掘的好時機。如果您想更詳細地研究Trustmark，那麼您可能需要查看公司內部人士是否一直在買賣該公司的股票。
We will like Trustmark 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.
如果我們看到一些重大的內部交易，那麼我們將更喜歡Trustmark。在此期間，可以查看這個免費的未被充分重視的股票名單（主要爲小市值股票），其中包括最近的內部買入。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意，本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) 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
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。