With EPS Growth And More, Lincoln Electric Holdings (NASDAQ:LECO) Makes An Interesting Case
With EPS Growth And More, Lincoln Electric Holdings (NASDAQ:LECO) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. 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.
很多投资者,尤其是那些缺乏经验的投资者,常常会购买那些有好故事的公司的股票,即使这些公司在亏损。有时候这些故事会影响投资者的判断,导致他们根据情感而非良好的公司基本面投资。尽管一个充分资金的公司可能会持续亏损数年,却仍必须最终实现盈利,否则投资者将会撤离,公司将会衰落。
In contrast to all that, many investors prefer to focus on companies like Lincoln Electric Holdings (NASDAQ:LECO), which has not only revenues, but also profits. Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Lincoln Electric Holdings with the means to add long-term value to shareholders.
相比之下,许多投资者更喜欢专注于像Lincoln Electric Holdings (NASDAQ:LECO)这样不仅有营业收入,而且有利润的公司。即使这家公司被市场公允估值,投资者也会同意,持续产生利润将为Lincoln Electric Holdings公司增加股东的长期价值。
How Quickly Is Lincoln Electric Holdings Increasing Earnings Per Share?
Lincoln Electric Holdings收益每股增长速度有多快?
If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That makes EPS growth an attractive quality for any company. It certainly is nice to see that Lincoln Electric Holdings has managed to grow EPS by 37% per year over three years. If growth like this continues on into the future, then shareholders will have plenty to smile about.
如果您认为市场甚至稍微有效,那么在长期看来,您会认为公司的股价会遵循其每股收益(EPS)的结果。这使得EPS增长对于任何公司而言都是一个有吸引力的品质。毫无疑问,看到Lincoln Electric Holdings已经成功地在三年内每年增长37%的EPS,这是非常好的。如果这样的增长持续到未来,那么股东们将有很多理由微笑。
One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. EBIT margins for Lincoln Electric Holdings remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 6.7% to US$4.1b. That's a real positive.
检查公司增长的一种方式是查看其营收和利润之前的利息和税(EBIT)利润率如何变化。Lincoln Electric Holdings的EBIT利润率在过去一年中基本没有变化,然而,这家公司应该很高兴报告其营收在该期间增长了6.7% 至4100万美元。这是一个真正的积极因素。
In the chart below, you can see how the company has grown earnings and revenue, over time. For finer detail, click on the image.
在下面的图表中,您可以看到公司的盈利和收入随着时间的推移而增长。要获得更精细的详细信息,请单击图像。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240705/0-60fe281582089d3baa44bc14711166fd-0-1db5b0e7bd676c310f6d3f2758efb307.png/big)
Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Lincoln Electric Holdings.
当然,窍门是寻找那些未来有最好一面的股票,而不是在过去。当然,您可以基于过去的表现来形成自己的观点,但是您还可以检查这个专业分析师EPS预测的交互式图表,以了解Lincoln Electric Holdings。
Are Lincoln Electric Holdings Insiders Aligned With All Shareholders?
Lincoln Electric Holdings内部人是否与所有股东保持一致?
Owing to the size of Lincoln Electric Holdings, we wouldn't expect insiders to hold a significant proportion of the company. But we do take comfort from the fact that they are investors in the company. With a whopping US$67m worth of shares as a group, insiders have plenty riding on the company's success. This would indicate that the goals of shareholders and management are one and the same.
由于Lincoln Electric Holdings的规模,我们不希望内部人持有公司的重大股份。但是,我们确实从事实中获得了舒适感,即他们是公司的投资者。作为一组共同拥有6700万美元股票的股东,内部人员在公司的成功上有很多要承担的。这表明股东和管理层的目标是相同的。
It means a lot to see insiders invested in the business, but shareholders may be wondering if remuneration policies are in their best interest. Our quick analysis into CEO remuneration would seem to indicate they are. For companies with market capitalisations over US$8.0b, like Lincoln Electric Holdings, the median CEO pay is around US$13m.
看到内部人员投资于企业意味着很多,但股东们可能会想知道薪酬政策是否符合他们的最佳利益。我们对CEO薪酬进行了快速分析,似乎表明他们是这样做的。对于市值超过80亿美元的公司(如Lincoln Electric Holdings),CEO的中位数薪酬约为1300万美元。
Lincoln Electric Holdings' CEO took home a total compensation package of US$5.3m in the year prior to December 2023. First impressions seem to indicate a compensation policy that is favourable to shareholders. 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. It can also be a sign of good governance, more generally.
Lincoln Electric Holdings的CEO在2023年12月前的一整年里获得了总共530万美元的薪酬。初步印象似乎表明薪酬政策对股东有利。虽然CEO的薪酬水平不应该是公司受到评估的最大因素,但适度的报酬是一件好事,因为它表明董事会考虑了股东的利益。从更广泛的角度来说,这也可能是公司治理好坏的标志。
Should You Add Lincoln Electric Holdings To Your Watchlist?
您是否应将Lincoln Electric Holdings添加到自选中?
If you believe that share price follows earnings per share you should definitely be delving further into Lincoln Electric Holdings' strong EPS growth. 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 Lincoln Electric Holdings look rather interesting indeed. Even so, be aware that Lincoln Electric Holdings is showing 1 warning sign in our investment analysis , you should know about...
如果您认为股价遵循每股收益,那么您肯定应该深入了解Lincoln Electric Holdings强大的EPS增长。如果您需要更多的确信,除了EPS增长率之外,也不要忘记合理的薪酬和高内部持股。每个人在投资方面都有自己的偏好,但这确实使Lincoln Electric Holdings看起来非常有趣。即使如此,请注意,Lincoln Electric Holdings在我们的投资分析中显示了1个警告信号,您应该知道......
Although Lincoln Electric Holdings 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.
尽管Lincoln Electric Holdings看起来确实不错,但如果内部人员购买了股票,它可能会吸引更多的投资者。如果您喜欢看到像Lincoln Electric Holdings这样的公司有更多的利益攸关,在此手动选择一些既有强劲增长又有内部支持的公司。
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.
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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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