Is Now The Time To Put Caterpillar (NYSE:CAT) On Your Watchlist?
Is Now The Time To Put Caterpillar (NYSE:CAT) On Your Watchlist?
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. 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.
對於初學者來說,即使某家公司目前沒有營業收入和利潤的業績紀錄,它講述給投資者的故事聽起來也是個好主意(和令人興奮的前景),但這些高風險投資往往很難有機會得到回報,並且許多投資者會爲了學習而付出代價。儘管一家資金充裕的公司可能會連續幾年虧損,但最終一定需要獲利,否則投資者會離開,公司也將難以爲繼。
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 Caterpillar (NYSE:CAT). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
如果這種公司不符合你的風格,你喜歡能產生營業收入甚至盈利的公司,那麼你可能會對卡特彼勒(NYSE:CAT)感興趣。雖然盈利不是在投資時唯一應考慮的指標,但值得注意的是那些能夠持續產生盈利的企業。
How Fast Is Caterpillar Growing?
卡特彼勒的增速有多快?
If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. Caterpillar's shareholders have have plenty to be happy about as their annual EPS growth for the last 3 years was 54%. That sort of growth rarely ever lasts long, but it is well worth paying attention to when it happens.
如果一家公司能夠保持足夠長的時間內每股收益(EPS)穩步增長,那麼其股價最終應該會跟隨上去。這意味着大多數成功的長期投資者認爲,EPS增長是真正的積極因素。卡特彼勒的股東在過去3年中的年均EPS增長率達到了54%,他們有很多理由感到高興。這種增長很少能持續很久,但在它發生時,它是值得關注的。
It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. Our analysis has highlighted that Caterpillar's revenue from operations did not account for all of their revenue in the previous 12 months, so our analysis of its margins might not accurately reflect the underlying business. The good news is that Caterpillar is growing revenues, and EBIT margins improved by 2.7 percentage points to 21%, over the last year. Both of which are great metrics to check off for potential growth.
通常有助於查看利息和稅前收益(EBIT)利潤率及營業收入增長,以了解公司增長質量的另一種看法。 我們的分析顯示,卡特彼勒在過去12個月中的營業收入未全部來自其營業收入,因此,我們對其利潤率的分析可能不能準確地反映其底層業務。好消息是,卡特彼勒的營收正在增長,並且過去一年中EBIT利潤率提高了2.7個百分點,達到了21%。這兩個指標都是潛在增長的很好的指標。
In the chart below, you can see how the company has grown earnings and revenue, over time. Click on the chart to see the exact numbers.
在下面的圖表中,您可以看到該公司隨着時間的推移如何增長收入和收益。單擊圖表以查看確切的數字。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240715/0-94ec3ef7c437680e4fa86cbaeb59ca6f-0-1899dffa4ef7a67281aa7e19af701632.png/big)
Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Caterpillar.
當然,竅門在於找到有着美好未來而非過去的股票。當然,你可以根據過去的表現來定論,但你也可以查看這個在專業分析師EPS預測方面互動圖表。
Are Caterpillar Insiders Aligned With All Shareholders?
卡特彼勒內部人是否與所有股東一致?
Since Caterpillar has a market capitalisation of US$164b, we wouldn't expect insiders to hold a large percentage of shares. But we are reassured by the fact they have invested in the company. Notably, they have an enviable stake in the company, worth US$324m. This comes in at 0.2% of shares in the company, which is a fair amount of a business of this size. So despite their percentage holding being low, company management still have plenty of reasons to deliver the best outcomes for investors.
由於卡特彼勒的市值爲164億美元,我們不會預期內部人持有大量股份。但是,他們對公司的投資令我們感到放心。值得注意的是,他們在公司中擁有一個令人羨慕的股份,價值3240萬美元。這相當於公司股份的0.2%,在這樣規模的企業中是相當可觀的份額。因此,儘管他們的股份持有比例較低,但公司管理層仍有足夠的理由爲投資者提供最佳業績。
Is Caterpillar Worth Keeping An Eye On?
卡特彼勒值得關注嗎?
Caterpillar's earnings per share growth have been climbing higher at an appreciable rate. That EPS growth certainly is attention grabbing, and the large insider ownership only serves to further stoke our interest. At times fast EPS growth is a sign the business has reached an inflection point, so there's a potential opportunity to be had here. Based on the sum of its parts, we definitely think its worth watching Caterpillar very closely. You should always think about risks though. Case in point, we've spotted 2 warning signs for Caterpillar you should be aware of, and 1 of them is a bit concerning.
卡特彼勒的每股收益增長率以可觀的速度不斷攀升。這種EPS增長肯定會引起關注,大量內部持股只進一步加劇了我們的興趣。有時快速的EPS增長是業務達到拐點的表現,因此這裏可能有機會。基於其部分的總和,我們肯定認爲密切關注卡特彼勒的股票值得。當然你應該始終考慮風險。例如,我們發現了2條有關卡特彼勒的警告信號,你應該注意其中一條稍微令人擔憂。
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?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。