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Here's Why We Think PC Connection (NASDAQ:CNXN) Is Well Worth Watching

Here's Why We Think PC Connection (NASDAQ:CNXN) Is Well Worth Watching

我们认为pc connection(纳斯达克:CNXN)非常值得关注的原因在于
Simply Wall St ·  11/23 21:55

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. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. 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.

许多投资者,尤其是那些缺乏经验的投资者,通常会购买那些讲述精彩故事的公司股票,即使这些公司是亏损的。不幸的是,这些高风险投资往往很少有可能从中获益,许多投资者会为此付出代价。亏损的公司始终在争分夺秒地追求财务可持续性,因此投资这些公司的投资者可能承担了比他们应承担的风险更大的风险。

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 PC Connection (NASDAQ:CNXN). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.

虽然处于科技股蓝天投资时代,许多投资者仍然采用更传统的策略;购买像pc connection(纳斯达克:CNXN)这样盈利的公司股票。虽然利润不是投资时应考虑的唯一指标,但值得注意的是那些能够持续产生利润的企业。

How Quickly Is PC Connection Increasing Earnings Per Share?

PC Connection的每股收益增长速度有多快?

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. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. PC Connection managed to grow EPS by 12% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.

如果您相信市场即便略微有效,那么从长期来看,您会期望公司的股价跟随其每股收益(EPS)的结果。因此,有很多投资者喜欢购买增长EPS的公司股票。PC Connection成功地实现了每年12%的EPS增长,持续了三年。假设公司能够保持这一增长率,那么这一增长速度相当不错。

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. Despite consistency in EBIT margins year on year, PC Connection has actually recorded a dip in revenue. Suffice it to say that is not a great sign of growth.

检查一家公司增长的一种方法是看其营业收入、利润前税息折旧摊销前利润(EBIT)利润率的变化。尽管EBIT利润率年复一年保持稳定,pc connection实际上录得营业收入下滑。可以说这并不是增长的好迹象。

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.

下面的表格显示了公司的营收和净利润如何随着时间的推移的变化。点击图表可以查看准确的数字。

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NasdaqGS:CNXN Earnings and Revenue History November 23rd 2024
纳斯达克GS:CNXN 盈利和营业收入历史 2024年11月23日

In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of PC Connection's forecast profits?

在投资中,如同生活一样,未来比过去更重要。那么为什么不看看这个PC Connection预测利润的免费交互可视化呢?

Are PC Connection Insiders Aligned With All Shareholders?

PC Connection内部人是否与所有股东保持一致?

Many consider high insider ownership to be a strong sign of alignment between the leaders of a company and the ordinary shareholders. So those who are interested in PC Connection will be delighted to know that insiders have shown their belief, holding a large proportion of the company's shares. In fact, they own 54% of the company, so they will share in the same delights and challenges experienced by the ordinary shareholders. Intuition will tell you this is a good sign because it suggests they will be incentivised to build value for shareholders over the long term. This insider holding amounts to That level of investment from insiders is nothing to sneeze at.

许多人认为高持股比例是公司领导人和普通股东之间保持一致的强烈信号。所以对PC Connection感兴趣的人会高兴地得知,内部人已表明他们的信念,持有公司的大部分股份。实际上,他们拥有公司的54%,因此他们将与普通股东经历相同的喜悦和挑战。直觉会告诉您这是一个好迹象,因为这暗示他们将受到激励,长期为股东创造价值。这种内部人持股占比 达到 这种来自内部人的投资规模绝非小菜一碟。

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. A brief analysis of the CEO compensation suggests they are. Our analysis has discovered that the median total compensation for the CEOs of companies like PC Connection with market caps between US$1.0b and US$3.2b is about US$5.4m.

虽然看到公司内部人通过大量投资展现出对公司的坚定信念总是好事,但股东也重要询问管理层的薪酬政策是否合理。对CEO薪酬的简要分析表明他们是合理的。我们的分析发现,像PC Connection这样市值在10亿至32亿美元之间的公司CEO的中位数总薪酬约为540万美元。

The PC Connection CEO received total compensation of just US$1.9m in the year to December 2023. That looks like a modest pay packet, and may hint at a certain respect for the interests of shareholders. CEO compensation is hardly the most important aspect of a company to consider, but when it's reasonable, that gives a little more confidence that leadership are looking out for shareholder interests. Generally, arguments can be made that reasonable pay levels attest to good decision-making.

PC Connection CEO在2023年12月的年度总补偿仅为190万美元。这看起来像是一个适度的薪资,可能暗示对股东利益的某种尊重。CEO薪酬很少是考虑公司最重要的方面,但当它是合理的时,这给予更多对领导人正在关注股东利益的信心。一般来说,可以从合理的薪资水平上看出良好的决策能力。

Should You Add PC Connection To Your Watchlist?

您是否应该将PC Connection加入自选?

One positive for PC Connection is that it is growing EPS. That's nice to see. The growth of EPS may be the eye-catching headline for PC Connection, but there's more to bring joy for shareholders. Boasting both modest CEO pay and considerable insider ownership, you'd argue this one is worthy of the watchlist, at least. If you think PC Connection might suit your style as an investor, you could go straight to its annual report, or you could first check our discounted cash flow (DCF) valuation for the company.

对PC Connection的一个积极因素是其EPS持续增长。这是一个好消息。EPS的增长可能是PC Connection的引人注目头条,但对股东而言还有更多令人欣喜的地方。PC Connection不仅拥有适度的CEO薪酬,还有相当大的内部股东持有,您可以认为这个公司值得加入自选,至少在某种程度上。如果您认为PC Connection可能适合您作为投资者的风格,您可以直接查看其年度报告,或者您可以首先查看我们为该公司进行的折现现金流(DCF)估值。

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 the US with promising growth potential and insider confidence.

尽管不增长收益且没有内部人士购买的股票可能会有回报,但对于重视这些关键指标的投资者来说,以下是在美国具有潜在增长和内部人士信心的经过慎重筛选的公司列表。

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。

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.

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Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。

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