If EPS Growth Is Important To You, ON Semiconductor (NASDAQ:ON) Presents An Opportunity
If EPS Growth Is Important To You, ON Semiconductor (NASDAQ:ON) Presents An Opportunity
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. 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. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.
對於初學者來說，在對投資者講述好故事的公司上進行投資可能是一個不錯（以及令人興奮的）的想法，即使該公司目前缺乏營業收入和利潤的記錄。有時這些故事會迷惑投資者的思想，導致他們出於情感而不是基本面的優點進行投資。虧損公司可能會像資本海綿一樣，吸收資本-因此，投資者應該小心，不要把好錢投入壞賬之後。
So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like ON Semiconductor (NASDAQ:ON). 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.
如果高風險高回報的想法不適合您，您可能更喜歡像安森美半導體（納斯達克：ON）這樣的盈利成長型公司。這並不是說該公司提供了最佳的投資機會，但盈利能力是業務成功的關鍵組成部分。
How Fast Is ON Semiconductor Growing Its Earnings Per Share?
安森美半導體的每股收益增長速度有多快？
ON Semiconductor has undergone a massive growth in earnings per share over the last three years. So much so that this three year growth rate wouldn't be a fair assessment of the company's future. Thus, it makes sense to focus on more recent growth rates, instead. It's good to see that ON Semiconductor's EPS has grown from US$4.24 to US$5.06 over twelve months. There's little doubt shareholders would be happy with that 19% gain.
在過去的三年裏，安森美半導體的每股收益發生了巨大的增長，因此這種三年增長率不是公司未來的公平評估。因此，更有意義的是關注更近期的增長率。很高興看到安森美半導體的每股收益在十二個月內從4.24美元增長到5.06美元。毫無疑問，股東們對這個19％的收益會感到高興。
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. Unfortunately, revenue is down and so are margins. That will not make it easy to grow profits, to say the least.
仔細考慮營業收入的增長和利息、稅前利潤率可以幫助您了解最近的利潤增長的可持續性。不幸的是，營收下降，利潤率也下降。這將很難說增長利潤至少。
The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image.
下圖顯示了該公司底線和頂線隨着時間的推移而發展的情況。點擊圖片以獲取更精細的詳細信息。
In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of ON Semiconductor's forecast profits?
在投資和生活中，未來比過去更重要。因此，爲什麼不查看安森美半導體的這個免費交互式可視化呢？預測利潤？
Are ON Semiconductor Insiders Aligned With All Shareholders?
安森美半導體的內部人員與所有股東是否保持一致？
We would not expect to see insiders owning a large percentage of a US$29b company like ON Semiconductor. But we do take comfort from the fact that they are investors in the company. We note that their impressive stake in the company is worth US$101m. While that is a lot of skin in the game, we note this holding only totals to 0.3% of the business, which is a result of the company being so large. This should still be a great incentive for management to maximise shareholder value.
我們不會期望看到內部人員擁有像安森美半導體這樣的290億美元的公司的大部分股份。但我們確實感到安慰的一件事是，他們是公司的投資者。我們注意到，他們在公司的股份非常高，價值1.01億美元。雖然這是一項很大的利益相關者，但我們注意到，這一持股總額僅佔業務的0.3％，這是由於公司非常大造成的。這仍然應該成爲管理層最大化股東價值的巨大激勵。
Should You Add ON Semiconductor To Your Watchlist?
您是否應該將安森美半導體加入自選股中？
One important encouraging feature of ON Semiconductor is that it is growing profits. If that's not enough on its own, there is also the rather notable levels of insider ownership. The combination definitely favoured by investors so consider keeping the company on a watchlist. However, before you get too excited we've discovered 1 warning sign for ON Semiconductor that you should be aware of.
安森美半導體的一個重要令人鼓舞的特點是其正在增長的利潤。如果光是這個還不夠的話，還有相當顯眼的內部持股水平。這種組合肯定受到投資者的青睞，因此請考慮將該公司列入自選股名單。但是，在您興致勃勃之前，我們已經發現了1個有關安森美半導體的警告信號，您應該知道。
Although ON Semiconductor 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.
儘管安森美半導體看起來確實不錯，但如果內部人員在購買股票，則可能會吸引更多投資者。如果您想看到更多利益相關者的公司，則可以查看這些經過精心挑選的公司，它們不僅擁有強勁的增長，而且擁有強大的內部支持。
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
請注意，本文討論的內部交易是指在相關司法管轄區中報告的交易。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
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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