Should You Be Adding Snap-on (NYSE:SNA) To Your Watchlist Today?
Should You Be Adding Snap-on (NYSE:SNA) To Your Watchlist Today?
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. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up.
对初学者来说,买一个向投资者讲述一个好故事的公司可能是个好主意(也是一个令人兴奋的前景),即使它当前缺乏营业收入和利润的记录。不幸的是,这些高风险投资通常几乎没有可能得到回报,而许多投资者为了吸取教训付出了代价。亏损的公司还没有通过盈利证明自己,最终外部资本的流入可能会枯竭。
Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Snap-on (NYSE:SNA). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business.
尽管处于科技股蓝天投资时代,但许多投资者仍然采取更传统的策略,购买像 Snap-on(纽交所:SNA)这样盈利的公司的股票。这并不是说该公司为最佳投资机会,但盈利能力是业务成功的关键因素。
How Fast Is Snap-on Growing?
Snap-on 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. That makes EPS growth an attractive quality for any company. Snap-on managed to grow EPS by 11% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.
如果一个公司能够长期保持每股收益(EPS)的增长,其股价应该会相应上涨。这使得 EPS 增长成为任何公司都具有吸引力的特质。Snap-on 在过去三年中每年将 EPS 增长了11%。假设公司能够坚持保持这种增长速度,这种增长率还算不错。
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. Not all of Snap-on's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers used in this article might not be the best representation of the underlying business. Snap-on maintained stable EBIT margins over the last year, all while growing revenue 2.3% to US$5.1b. That's progress.
仔细考虑营业收入增长和利润前利息税前(EBIT)利润率可以帮助了解近期利润增长的可持续性。Snap-on今年的部分收入并非来自营业活动,因此请记住本文中使用的营业收入和利润率数据可能并不是对底层业务的最好反映。Snap-on在过去一年中保持稳定的EBIT利润率,同时营业收入增长了2.3%,达到51亿美元。这是进步。
You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart.
您可以查看下图中企业的营收和收益增长趋势。要查看实际数字,请单击图表。
![1724765182270](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240827/42948501-0-dd2cc72449798c39868729b199b6fe00.webp/bigjpg)
The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Snap-on's future EPS 100% free.
作为投资者,关键是找到未来表现良好的公司,而不仅仅是过去的表现。虽然没有水晶球,但您可以免费查看我们对实耐宝未来每股收益的共识分析师预测的可视化。
Are Snap-on Insiders Aligned With All Shareholders?
实耐宝内部人员是否与所有股东保持一致?
Since Snap-on has a market capitalisation of US$15b, we wouldn't expect insiders to hold a large percentage of shares. But we do take comfort from the fact that they are investors in the company. Indeed, they have a considerable amount of wealth invested in it, currently valued at US$305m. This suggests that leadership will be very mindful of shareholders' interests when making decisions!
鉴于实耐宝市值150亿美元,我们不希望内部人士持有大量股份。 但我们对他们是公司投资者感到安慰。实际上,他们在该公司投资了相当可观的财富,目前价值3,050万美元。这表明领导层在做决策时将非常关注股东的利益!
While it's always good to see some strong conviction in the company from insiders through heavy investment, it's also important for shareholders to ask if management compensation policies are 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 Snap-on, with market caps over US$8.0b, is around US$13m.
虽然看到内部人士通过大规模投资表现出对公司有坚定信念总是好的,股东们也很重要,需要问自己公司的管理补偿政策是否合理。我们快速分析了CEO的薪酬,似乎表明他们是合理的。与实耐宝规模相似、市值超过80亿美元的公司的首席执行官的中位数总补偿约为1300万美元。
The Snap-on CEO received US$11m in compensation for the year ending December 2023. That comes in below the average for similar sized companies and seems pretty reasonable. 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.
实耐宝首席执行官在截至2023年12月的一年中获得1100万美元的报酬。这低于同等规模公司的平均水平,似乎相当合理。CEO薪酬水平并非对投资者最重要的指标,但当薪酬适度时,这支持CEO与普通股东之间的提升一致性。这也可能是良好治理的标志。
Does Snap-on Deserve A Spot On Your Watchlist?
实耐宝值得被加入到你的自选吗?
One positive for Snap-on is that it is growing EPS. That's nice to see. Earnings growth might be the main attraction for Snap-on, but the fun does not stop there. Boasting both modest CEO pay and considerable insider ownership, you'd argue this one is worthy of the watchlist, at least. You still need to take note of risks, for example - Snap-on has 1 warning sign we think you should be aware of.
实耐宝的一个正面因素是其每股收益正在增长。这是一个好的迹象。实耐宝的收益增长可能是吸引投资者的主要原因,但乐趣并不止于此。实耐宝的首席执行官薪酬适度,并且公司内部有相当多的股权所有人,至少可以认为这是值得被加入到你的自选的一个理由。然而,你仍然需要注意风险,例如——实耐宝有1个警告信号,我们认为你应该注意到。
There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of companies which have demonstrated growth backed by significant insider holdings.
总是有可能买入未增长收益并且内部人员不买入股票的股票表现良好。但是对于那些认为这些重要指数的人,我们鼓励您查看具有这些功能的公司。您可以访问定制列表,其中列出了已经展示出增长并得到内幕人员认可的公司。
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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