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Tronox Holdings (NYSE:TROX) Sheds US$65m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years

Tronox Holdings (NYSE:TROX) Sheds US$65m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years

tronox控股(紐交所:TROX)拋售6500萬美元,公司盈利和投資者回報過去三年一直走低。
Simply Wall St ·  11/02 22:23

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. Unfortunately, that's been the case for longer term Tronox Holdings plc (NYSE:TROX) shareholders, since the share price is down 53% in the last three years, falling well short of the market return of around 16%. Even worse, it's down 17% in about a month, which isn't fun at all. Importantly, this could be a market reaction to the recently released financial results. You can check out the latest numbers in our company report.

爲了證明選取個別股票的努力是值得的,值得努力超過市場指數基金的回報。但幾乎可以肯定,有時您會買入表現低於市場平均回報的股票。不幸的是,這已經是長揸Tronox Holdings plc (紐交所:TROX) 的股東的情況,因爲股價在過去三年下跌了53%,遠低於市場回報約16%。更糟糕的是,一個月左右下跌了17%,一點也不好玩。重要的是,這可能是對最近公佈的財務結果的市場反應。您可以在我們的公司報告中查看最新數據。

Since Tronox Holdings has shed US$65m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.

自Tronox Holdings在過去7天內損失了6500萬美元的價值以來,讓我們看看長期下跌是否是由企業的經濟推動的。

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。

Tronox Holdings became profitable within the last five years. That would generally be considered a positive, so we are surprised to see the share price is down. So it's worth looking at other metrics to try to understand the share price move.

Tronox Holdings在過去五年內實現了盈利。這通常被認爲是積極的,因此我們對看到股價下跌感到驚訝。因此值得看其他指標來嘗試理解股價變動。

Given the healthiness of the dividend payments, we doubt that they've concerned the market. However, the weak share price might be related to the fact revenue has been disappearing at a rate of 8.8% each year, over three years. This could have some investors worried about the longer term growth potential (or lack thereof).

考慮到股息支付的健康狀況,我們懷疑這些可能並未引起市場關注。然而,薄弱的股價可能與營業收入每年以8.8%的速度遞減有關,持續三年。這可能會讓一些投資者對長期增長潛力感到擔憂(或缺乏潛力)。

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

以下圖像顯示了公司的營業收入和盈利(隨時間變化)(單擊以查看準確的數字)。

big
NYSE:TROX Earnings and Revenue Growth November 2nd 2024
紐約證券交易所: tronox 2024年11月2日盈利和營業收入增長

We know that Tronox Holdings has improved its bottom line lately, but what does the future have in store? So it makes a lot of sense to check out what analysts think Tronox Holdings will earn in the future (free profit forecasts).

我們知道Tronox Holdings最近改善了其盈利能力,但未來會發生什麼呢?因此,查看分析師對Tronox Holdings未來盈利的預測是很有意義的(免費的利潤預測)。

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 incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Tronox Holdings' TSR for the last 3 years was -48%, 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,重要的是要考慮總股東回報(TSR)與股價回報之間的差異。TSR包括任何拆股或折價增資的價值,以及任何分紅,基於分紅會被再投資的假設。可以說,TSR爲支付股息的股票提供了更完整的圖片。事實上,Tronox Holdings過去3年的TSR爲-48%,超過了之前提到的股價回報。公司支付的股息因此提升了總股東回報。

A Different Perspective

不同的觀點

Tronox Holdings provided a TSR of 6.5% over the last twelve months. But that was short of the market average. The silver lining is that the gain was actually better than the average annual return of 5% per year over five year. This suggests the company might be improving over time. 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. To that end, you should be aware of the 2 warning signs we've spotted with Tronox Holdings .

Tronox Holdings在過去十二個月內提供了6.5%的TSR。但這低於市場平均水平。但好消息是,這一收益實際上比過去五年每年5%的平均年回報率要好。這表明公司可能隨着時間的推移而改善。我發現長期觀察股價是業務表現的一種代理很有趣。但要真正獲得洞察,我們也需要考慮其他信息。爲此,您應該注意到我們在Tronox Holdings發現的2個警示信號。

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.

如果您願意查看另一家公司(具有潛在的更好財務狀況),請不要錯過這個免費的公司列表,證明它們可以增長收益。

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。

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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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