Jiangsu Expressway (HKG:177) Ticks All The Boxes When It Comes To Earnings Growth
Jiangsu Expressway (HKG:177) Ticks All The Boxes When It Comes To Earnings Growth
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. 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,尤其是那些經驗不足的投資者,常常會購買公司股票,即使這些公司處於虧損狀態。然而,這些高風險投資往往幾乎沒有賠償的可能性,很多投資者會爲此付出代價並吸取教訓。儘管資金充裕的公司可能會連續多年虧損,但它最終需要創造盈利,否則投資者將會離開,公司也將會凋零。
If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Jiangsu Expressway (HKG:177). 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.
如果這種公司不是你喜歡的類型,而你喜歡能夠產生營業收入並甚至賺取利潤的公司,那麼你可能會對寧滬高速(HKG:177)感興趣。這並不是說該公司是最好的投資機會,但盈利能力是業務成功的關鍵組成部分。
Jiangsu Expressway's Earnings Per Share Are Growing
寧滬高速每股收益正在增長
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. We can see that in the last three years Jiangsu Expressway grew its EPS by 6.8% per year. That might not be particularly high growth, but it does show that per-share earnings are moving steadily in the right direction.
如果一家公司的每股收益(EPS)增長足夠長的時間,其股價最終應會跟隨。這使EPS增長成爲任何公司具有吸引力的優質特徵。我們可以看到,在過去的三年中,寧滬高速每年的EPS增長率爲6.8%。這可能不是特別高的增長率,但它確實表明每股收益正在穩步朝着正確的方向發展。
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. It's noted that Jiangsu Expressway's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. The good news is that Jiangsu Expressway is growing revenues, and EBIT margins improved by 4.2 percentage points to 35%, over the last year. Both of which are great metrics to check off for potential growth.
確認公司成長的一種方式是查看其營業收入和利潤前利息、稅、折舊和攤銷(EBIT)利潤率的變化情況。值得注意的是,寧滬高速運營收入低於過去十二個月的收入,因此這可能會扭曲我們對其利潤率的分析。好消息是,寧滬高速正在增長收入,而EBIT利潤率在過去一年中提高了4.2個百分點,達到了35%。這兩個指標都是檢查潛在成長的良好指標。
In the chart below, you can see how the company has grown earnings and revenue, over time. For finer detail, click on the image.
在下面的圖表中,您可以看到公司的盈利和收入隨着時間的推移而增長。要獲得更精細的詳細信息,請單擊圖像。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240715/0-323dfc02d307f9a8480a9504722b5969-0-811bb7f983e433878d84d20469df1303.png/big)
Fortunately, we've got access to analyst forecasts of Jiangsu Expressway's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
幸運的是,我們可以獲得關於寧滬高速未來利潤的分析師預測。你可以自己進行預測,也可以看看專業人士的預測。
Are Jiangsu Expressway Insiders Aligned With All Shareholders?
寧滬高速的內部人是否與所有股東保持一致?
As a general rule, it's worth considering how much the CEO is paid, since unreasonably high rates could be considered against the interests of shareholders. The median total compensation for CEOs of companies similar in size to Jiangsu Expressway, with market caps between CN¥29b and CN¥87b, is around CN¥6.5m.
總的來說,考慮到CEO的薪酬水平是值得的,因爲不合理的高費率可能被認爲是違背股東利益的。與寧滬高速市值在290億元人民幣至870億元人民幣之間的規模相似的企業的CEO的中位數總薪酬約爲650萬元。截至2023年12月年報,寧滬高速的CEO總薪酬僅爲110萬元。看起來像是個適度的薪酬,這可能暗示着對股東利益的一定尊重。雖然CEO薪酬水平不應該是公司受到評估的最重要因素,但適度的報酬是積極的,因爲它意味着董事會考慮到了股東的利益。總的來說,合理的薪酬水平可以證明良好的決策能力。
The CEO of Jiangsu Expressway only received CN¥1.1m in total compensation for the year ending December 2023. That looks like a modest pay packet, and may hint at a certain respect for the interests of 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. Generally, arguments can be made that reasonable pay levels attest to good decision-making.
寧滬高速值得關注嗎?其中一個重要的鼓舞人心的特徵是它在增長利潤。此外,適度的CEO薪酬應告訴投資者董事會有積極的興趣爲股東提供最佳回報。總的來說,寧滬高速絕對值得深入了解。儘管如此,您應該了解我們發現的一個警告信號。
Is Jiangsu Expressway Worth Keeping An Eye On?
寧滬高速值得關注嗎?
One important encouraging feature of Jiangsu Expressway is that it is growing profits. To add to this, the modest CEO compensation should tell investors that the directors have an active interest in delivering the best for shareholders. All things considered, Jiangsu Expressway is definitely worth taking a deeper dive into. Still, you should learn about the 1 warning sign we've spotted with Jiangsu Expressway.
如果這種公司不是你喜歡的類型,而你喜歡能夠產生營業收入並甚至賺取利潤的公司,那麼你可能會對寧滬高速(HKG:177)感興趣。這並不是說該公司是最好的投資機會,但盈利能力是業務成功的關鍵組成部分。如果一家公司的每股收益(EPS)增長足夠長的時間,其股價最終應會跟隨。這使EPS增長成爲任何公司具有吸引力的優質特徵。我們可以看到,在過去的三年中,寧滬高速每年的EPS增長率爲6.8%。這可能不是特別高的增長率,但它確實表明每股收益正在穩步朝着正確的方向發展。確認公司成長的一種方式是查看其營業收入和利潤前利息、稅、折舊和攤銷(EBIT)利潤率的變化情況。值得注意的是,寧滬高速運營收入低於過去十二個月的收入,因此這可能會扭曲我們對其利潤率的分析。好消息是,寧滬高速正在增長收入,而EBIT利潤率在過去一年中提高了4.2個百分點,達到了35%。這兩個指標都是檢查潛在成長的良好指標。總的來說,考慮到CEO的薪酬水平是值得的,因爲不合理的高費率可能被認爲是違背股東利益的。與寧滬高速市值在290億元人民幣至870億元人民幣之間的規模相似的企業的CEO的中位數總薪酬約爲650萬元。截至2023年12月年報,寧滬高速的CEO總薪酬僅爲110萬元。看起來像是個適度的薪酬,這可能暗示着對股東利益的一定尊重。雖然CEO薪酬水平不應該是公司受到評估的最重要因素,但適度的報酬是積極的,因爲它意味着董事會考慮到了股東的利益。總的來說,合理的薪酬水平可以證明良好的決策能力。寧滬高速正在增長利潤。此外,適度的CEO薪酬應告訴投資者董事會有積極的興趣爲股東提供最佳回報。總的來說,寧滬高速絕對值得深入了解。儘管如此,您應該了解我們發現的一個警告信號。
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 Hong Kong companies which have demonstrated growth backed by significant insider holdings.
總是有可能購買不斷增長收益且沒有內部人員買入股份的股票而獲得好處。但對於那些認爲這些指標重要的人,我們鼓勵您查看那些具有這些特徵的公司。您可以訪問專門定製的香港公司列表,這些公司已經證明有明顯的內部人員持股支持。
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。
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?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至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?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。