With EPS Growth And More, China XD Electric (SHSE:601179) Makes An Interesting Case
With EPS Growth And More, China XD Electric (SHSE:601179) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should.
对于初学者来说,收购一家向投资者讲述好故事的公司似乎是个好主意(也是一个令人兴奋的前景),即使该公司目前缺乏收入和利润记录。但是正如彼得·林奇所说 One Up On Wall 街,“远射几乎永远不会得到回报。”亏损的公司总是与时间赛跑以实现财务可持续性,因此这些公司的投资者承担的风险可能超出了应有的范围。
In contrast to all that, many investors prefer to focus on companies like China XD Electric (SHSE:601179), which has not only revenues, but also profits. 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.
与此形成鲜明对比的是,许多投资者更愿意关注像中国西电电气(SHSE: 601179)这样的公司,这些公司不仅有收入,还有利润。尽管这并不一定说明其估值是否被低估,但该业务的盈利能力足以保证一定的升值——尤其是在其增长的情况下。
How Quickly Is China XD Electric Increasing Earnings Per Share?
中国西电电气每股收益的增长速度有多快?
If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. China XD Electric's shareholders have have plenty to be happy about as their annual EPS growth for the last 3 years was 44%. While that sort of growth rate isn't sustainable for long, it certainly catches the eye of prospective investors.
如果一家公司能够在足够长的时间内保持每股收益(EPS)的增长,那么其股价最终应该会紧随其后。因此,经验丰富的投资者在进行投资研究时密切关注公司的每股收益是有道理的。中国西电电气的股东有很多值得高兴的地方,因为他们在过去三年的每股收益增长率为44%。尽管这种增长率不能长期持续下去,但它无疑引起了潜在投资者的注意。
Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. It's noted that China XD Electric's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. The music to the ears of China XD Electric shareholders is that EBIT margins have grown from 2.1% to 4.3% 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.
仔细考虑收入增长和息税前收益(EBIT)利润率有助于为近期利润增长的可持续性提供信息。值得注意的是,中国西电电气的收入 来自运营 低于过去十二个月的收入,因此这可能会扭曲我们对其利润率的分析。令中国西电电气股东听到的消息是,在过去的12个月中,息税前利润率从2.1%增长到4.3%,收入也呈上升趋势。在我们的书中,勾选这两个方框是增长的好兆头。
The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.
下图显示了该公司的收入和收入随着时间的推移是如何发展的。点击图表查看确切的数字。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240514/0-1f1af81f498f10b55526305f4e8ed215-0-6eb66bce2ccf0ec1094a5141dabfcda5.png/big)
You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for China XD Electric's future profits.
你开车时不要注视后视镜,因此你可能会对这份免费报告更感兴趣,该报告显示了分析师对中国西电电气未来利润的预测。
Are China XD Electric Insiders Aligned With All Shareholders?
中国西电电气内部人士是否与所有股东保持一致?
Prior to investment, it's always a good idea to check that the management team is paid reasonably. Pay levels around or below the median, can be a sign that shareholder interests are well considered. The median total compensation for CEOs of companies similar in size to China XD Electric, with market caps between CN¥29b and CN¥87b, is around CN¥2.0m.
在投资之前,最好检查一下管理团队的薪水是否合理。薪酬水平在中位数左右或以下,可能表明股东利益已得到充分考虑。规模与中国西电电气相似的公司首席执行官的总薪酬中位数约为200万元人民币,市值在290亿元人民币至870亿元人民币之间。
The CEO of China XD Electric only received CN¥669k in total compensation for the year ending December 2022. First impressions seem to indicate a compensation policy that is favourable to shareholders. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of good governance, more generally.
截至2022年12月的财年,中国西电电气首席执行官仅获得66.9万元人民币的总薪酬。第一印象似乎表明薪酬政策有利于股东。首席执行官薪酬水平并不是投资者最重要的指标,但是当薪酬适度时,这确实支持加强首席执行官与普通股东之间的协调。更笼统地说,它也可以是善治的标志。
Should You Add China XD Electric To Your Watchlist?
您是否应该将中国西电电气添加到您的关注列表中?
China XD Electric's earnings have taken off in quite an impressive fashion. With increasing profits, its seems likely the business has a rosy future; and it may have hit an inflection point. What's more, the fact that the CEO's compensation is quite reasonable is a sign that the company is conscious of excessive spending. So China XD Electric looks like it could be a good quality growth stock, at first glance. That's worth watching. Before you take the next step you should know about the 1 warning sign for China XD Electric that we have uncovered.
中国西电电气的收益以令人印象深刻的方式实现了增长。随着利润的增加,该业务的前景似乎很乐观;而且可能已经到了转折点。更重要的是,首席执行官的薪酬相当合理这一事实表明该公司意识到过度支出。因此,乍一看,中国西电电气看起来可能是一只高质量的成长型股票。这值得一看。在您采取下一步行动之前,您应该了解我们发现的中国西电电气的 1 个警告标志。
While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in CN with promising growth potential and insider confidence.
虽然选择收益不增长且没有内幕买盘的股票可以产生业绩,但对于估值这些关键指标的投资者来说,以下是精心挑选的具有良好增长潜力和内部信心的内地公司名单。
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
请注意,本文中讨论的内幕交易是指相关司法管辖区内应报告的交易。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。