Should You Be Adding Super Micro Computer (NASDAQ:SMCI) To Your Watchlist Today?
Should You Be Adding Super Micro Computer (NASDAQ:SMCI) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away.
对一些投机者而言,投资一家能够扭转厄运的公司的激动人心的吸引力很大,所以即使是没有营业收入、没有利润并且一直没能实现目标的公司也能找到投资者。但正如彼得·林奇所说的:“一枪千里几乎从来没有收益。” 亏损的公司可能会像资金的吸水器一样,所以投资者应该谨慎,不要把好钱扔进坏账里如果高风险和高回报的投资理念不适合您,您可能更感兴趣的是盈利增长的公司,例如美国石油吸附剂公司(NYSE:ODC)。盈利并不是投资时唯一需要考虑的指标,但值得认识到可以持续产生盈利的企业。“长短注定失策。”如彼得·林奇所说。虽然一家资金充裕的公司可能会持续多年亏损,但它最终需要盈利,否则投资者会离开并导致该公司慢慢消失。
In contrast to all that, many investors prefer to focus on companies like Super Micro Computer (NASDAQ:SMCI), which has not only revenues, but also profits. While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
与此形成对比的是,许多投资者更喜欢关注像超微电脑(NASDAQ:SMCI)这样不仅拥有营业收入,而且还有利润的公司。尽管在投资时利润不是唯一的衡量标准,但是值得认识到能够持续产生利润的业务。
How Fast Is Super Micro Computer Growing Its Earnings Per Share?
超微电脑的每股收益增长速度有多快?
In the last three years Super Micro Computer's earnings per share took off; so much so that it's a bit disingenuous to use these figures to try and deduce long term estimates. As a result, we'll zoom in on growth over the last year, instead. Super Micro Computer's EPS shot up from US$11.13 to US$17.91; a result that's bound to keep shareholders happy. That's a commendable gain of 61%.
在过去的三年里,超微电脑的每股收益有了飞跃的增长;这些数字一直都不能完整反映出未来的情况,所以我们将关注最近一年的增长情况。超微电脑的每股收益从11.13美元飙升到了17.91美元;这个结果一定会让股东感到满意。由此获得了61%的可观收益。
Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. While we note Super Micro Computer achieved similar EBIT margins to last year, revenue grew by a solid 80% to US$12b. That's progress.
收入增长是可持续发展的良好指标,结合高的利润率,这是公司在市场上保持竞争优势的好方法。虽然我们注意到超微电脑实现了与去年相似的利润率,但收入却增长了80%至120亿美元。这是一种进步。
In the chart below, you can see how the company has grown earnings and revenue, over time. Click on the chart to see the exact numbers.
在下面的图表中,您可以看到该公司随着时间的推移如何增长收入和收益。单击图表以查看确切的数字。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240630/0-a9f66cb00ba594b2fa02e93e3de51c90-0-b93f77632213acfa5011589688ef70d4.png/big)
In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Super Micro Computer's forecast profits?
我们在投资中,和生活中一样,更关注未来的事情。所以,为什么不看看超微电脑的免费交互式可视化呢?预测利润?
Are Super Micro Computer Insiders Aligned With All Shareholders?
超微电脑的内部人士是否与所有股东保持一致?
We would not expect to see insiders owning a large percentage of a US$48b company like Super Micro Computer. But thanks to their investment in the company, it's pleasing to see that there are still incentives to align their actions with the shareholders. Notably, they have an enviable stake in the company, worth US$6.8b. This totals to 14% of shares in the company. Enough to lead management's decision making process down a path that brings the most benefit to shareholders. So there is opportunity here to invest in a company whose management have tangible incentives to deliver.
我们不认为内部人士持有像超微电脑这样的480亿美元公司的大量股份。但我们很高兴看到,由于对公司的投资,他们仍有激励使其行动与股东一致。值得注意的是,他们在公司中拥有令人羡慕的68亿美元股份。这占公司股份的14%。足以引导管理层的决策过程,使股东获得最大的利益。因此,在这里有机会投资于一家管理者有切实激励付诸实践的公司。
It's good to see that insiders are invested in the company, but are remuneration levels reasonable? Our quick analysis into CEO remuneration would seem to indicate they are. The median total compensation for CEOs of companies similar in size to Super Micro Computer, with market caps over US$8.0b, is around US$13m.
看到内部人员投资了这家公司是好事,但薪酬水平是否合理呢?我们对首席执行官的薪酬进行了快速分析,结果表明确实如此。与市值超过80亿美元的同等规模公司的首席执行官相比,收入总额的中位数约为1300万美元。
Super Micro Computer's CEO only received compensation totalling US$1.0 in the year to June 2023. You could consider this pay as somewhat symbolic, which suggests the CEO does not need a lot of compensation to stay motivated. While the level of CEO compensation shouldn't be the biggest factor in how the company is viewed, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. Generally, arguments can be made that reasonable pay levels attest to good decision-making.
在2023年6月,超微电脑的CEO只收到了总计1美元的报酬。你可以认为这种报酬在某种程度上有点象征意义,这表明CEO不需要过多的报酬来保持动力。虽然CEO薪酬水平不应是公司受到关注的最重要因素,但适度的薪酬水平是一个积极的信号,因为它表明董事会考虑股东的利益。一般而言,可以认为合理的薪酬水平可以证明公司有良好的决策能力。
Does Super Micro Computer Deserve A Spot On Your Watchlist?
超微电脑是否值得加入你的自选股清单?
For growth investors, Super Micro Computer's raw rate of earnings growth is a beacon in the night. If you need more convincing beyond that EPS growth rate, don't forget about the reasonable remuneration and the high insider ownership. Everyone has their own preferences when it comes to investing but it definitely makes Super Micro Computer look rather interesting indeed. We should say that we've discovered 3 warning signs for Super Micro Computer (1 can't be ignored!) that you should be aware of before investing here.
对于成长型投资者来说,超微电脑的每股收益增长率如同夜空中的灯塔。如果你需要更多的说服,可以考虑合理的薪酬和高的内部人员持股。每个人在投资时都有自己的偏好,但这确实使得超微电脑看起来相当有趣。我们应该说,在在这里投资之前,我们已经发现了3个超微电脑的警示信号(其中1个不能忽视!)。
Although Super Micro Computer certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of companies that not only boast of strong growth but have strong insider backing.
虽然超微电脑看起来非常好,但如果内部人员开始购买股票,可能会吸引更多的投资者。如果你想看到更多持股的公司,那么可以看看这个特别精选的公司,它们不仅拥有强劲的增长,还有强大的内部支持。
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
请注意,本文讨论的内部交易是指在相关司法管辖区中报告的交易。
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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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者,发送电子邮件至editorial-team (at) 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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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