Is Now The Time To Put Merchants Bancorp (NASDAQ:MBIN) On Your Watchlist?
Is Now The Time To Put Merchants Bancorp (NASDAQ:MBIN) On Your Watchlist?
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. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. 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.
很多投資者,特別是那些經驗不豐富的投資者,會在那些有好故事的公司購買股票,即使這些公司是虧損的。但實際上,當一個公司每年虧損足夠長時間時,其投資者通常會分擔這些損失。雖然一個資金充足的公司可以持續虧損多年,但它最終需要產生利潤,否則投資者會離開,公司將會凋零。
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 Merchants Bancorp (NASDAQ:MBIN). 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.
儘管處於技術股藍天投資的時代,但許多投資者仍採用更傳統的策略:購買像Merchants Bancorp(納斯達克股票代碼:MBIN)這樣的盈利公司的股票。這並不是說該公司提供了最好的投資機會,但盈利能力是業務成功的關鍵組成部分。
How Fast Is Merchants Bancorp Growing?
Merchants Bancorp增長速度有多快?
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. Over the last three years, Merchants Bancorp has grown EPS by 8.7% per year. That growth rate is fairly good, assuming the company can keep it up.
如果你認爲市場甚至稍微有效,那麼長期來看,你期望公司的股價跟隨每股收益(EPS)的結果。因此,有大量投資者喜歡購買EPS增長的公司股票。在過去三年中,Merchants Bancorp的EPS每年增長了8.7%。倘若該公司能夠保持這一增長率,增長速度便相當不錯。
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. It's noted that Merchants Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. Merchants Bancorp maintained stable EBIT margins over the last year, all while growing revenue 32% to US$578m. That's a real positive.
頂線增長是可持續增長的偉大指標,再加上高的利息和納稅前利潤(EBIT)利潤率,這是一家公司在市場上保持有競爭力的好辦法。據記錄Merchants Bancorp公司的營業收入低於其在過去十二個月中的營業收入,這可能會扭曲我們對其利潤率的分析。Merchants Bancorp公司在過去一年中保持了穩定的EBIT利潤率,同時營收增長了32%,達到了5.78億美元。這是一個真正的正面因素。從營業運營中納斯達克CM:MBIN盈利和營業收入歷史記錄2024年7月3日
You can take a look at the company's revenue and earnings growth trend, in the chart below. Click on the chart to see the exact numbers.
您可以查看下面的圖表,以查看公司的收入和利潤增長趨勢。單擊圖表可查看確切數字。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240703/0-0929d8d92a54bf1b0a0b23582b3095a9-0-9a7d620ef2a28c04ebaa94bd8301b342.png/big)
In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Merchants Bancorp's forecast profits?
Merchants Bancorp的內部人持有大量已發行股份的股票,這通常是一個好跡象。他們的動機將與投資者一致,而且並不太可能突然拋售,影響股價。因此,Merchants Bancorp的內部人持有大量股份的事實,確實很有吸引力。實際上,他們擁有38%的股份,是一個非常有影響力的股東群體。那些被內部人持有這一事實所安慰的人應該很高興,因爲這意味着經營公司的人真正有動機創造股東價值。總額爲7.16億美元,這意味着他們有足夠的自有資本來應對業務績效的表現!預測利潤?
Are Merchants Bancorp Insiders Aligned With All Shareholders?
雖然始終看到一些內部人通過重大投資表現出對公司的強烈信念是好的,但股東詢問管理層的補償政策是否合理也同樣重要。在這一點上,根據CEO的薪酬,你可以說他們是合理的。對於市值在10億美元到32億美元之間的公司(如Merchants Bancorp),CEO的中位數薪酬約爲560萬美元。
Seeing insiders owning a large portion of the shares on issue is often a good sign. Their incentives will be aligned with the investors and there's less of a probability in a sudden sell-off that would impact the share price. So as you can imagine, the fact that Merchants Bancorp insiders own a significant number of shares certainly is appealing. In fact, they own 38% of the shares, making insiders a very influential shareholder group. Those who are comforted by solid insider ownership like this should be happy, as it implies that those running the business are genuinely motivated to create shareholder value. US$716m That means they have plenty of their own capital riding on the performance of the business!
Merchants Bancorp的CEO在截至2023年12月的一年中獲得了280萬美元的報酬,低於同等規模公司的平均水平,似乎相當合理。儘管CEO薪酬水平不應該是評估公司的最重要因素,但是適度的薪酬是一個積極因素,因爲它表明董事會考慮股東利益。一般來說,合理的薪酬水平是決策正確性的證明。
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. Well, based on the CEO pay, you'd argue that they are indeed. For companies with market capitalisations between US$1.0b and US$3.2b, like Merchants Bancorp, the median CEO pay is around US$5.6m.
值得注意的是,Merchants Bancorp是一家增長中的公司,這是鼓舞人心的。雖然EPS的增長可能是Merchants Bancorp的亮麗頭條,但股東更願意看到的是公司能夠將股票回購。 這對股東來說是有希望的,因爲公司利用了遠高於公司平均水平的現金餘額以及穩定的現金流量進行大規模的股票回購。
The Merchants Bancorp CEO received US$2.8m in compensation for the year ending December 2023. That comes in below the average for similar sized companies and seems pretty reasonable. 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.
Merchants Bancorp公司的內部人持有大量以發行股份的股票,這通常是一個好跡象。他們的動機將與投資者一致。
Should You Add Merchants Bancorp To Your Watchlist?
你應該將Merchants Bancorp加入你的自選列表嗎?
As previously touched on, Merchants Bancorp is a growing business, which is encouraging. The growth of EPS may be the eye-catching headline for Merchants Bancorp, 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. We should say that we've discovered 1 warning sign for Merchants Bancorp that you should be aware of before investing here.
正如之前所提到的,merchants bancorp dep shs rep 1/40th perp pfd ser b是一家成長中的業務,這是令人鼓舞的。EPS的增長可能是merchants bancorp的搶眼標題,但是對於股東而言,還有更多的喜訊。這家公司的CEO報酬適度,內部持股也相當可觀,因此至少可以將其列入觀察名單。我們必須指出,在投資此處之前,我們已經發現了1個針對merchants bancorp的警示信號。
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.
雖然選擇不斷增長的收益並且沒有內部買入的股票將會產生結果,但對於評估公司的關鍵指標價值的投資者來說,這是一個仔細挑選的在美國有潛在增長和內部信心的公司列表。
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。
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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
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
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,也可以發送電子郵件至editorial-team@simplywallst.com