Here's Why We Think An Hui Wenergy (SZSE:000543) Is Well Worth Watching
Here's Why We Think An Hui Wenergy (SZSE:000543) Is Well Worth Watching
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. 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.
對於新手來說,即使一家公司目前缺乏營業收入和利潤的記錄,向投資者展示一篇好的故事可能是一個好主意(和一個令人興奮的前景)購買該公司股票。但現實情況是,當一家公司每年虧損足夠長時間時,其投資者通常會承擔這些虧損。儘管一家資金充足的公司可以持續多年的虧損,但它最終需要產生利潤,否則投資者將離開,而公司將逐漸消失。
In contrast to all that, many investors prefer to focus on companies like An Hui Wenergy (SZSE:000543), which has not only revenues, but also profits. Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide An Hui Wenergy with the means to add long-term value to shareholders.
與此相反,許多投資者更喜歡關注像皖能電力(SZSE:000543)這樣不僅有收入,而且有利潤的公司。 即使這家公司被市場公平地估值,投資者也會同意,獲取一致的利潤將繼續爲皖能電力提供增加股東長期價值的手段。
How Quickly Is An Hui Wenergy Increasing Earnings Per Share?
皖能電力的每股收益增長速度有多快?
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. That makes EPS growth an attractive quality for any company. Impressively, An Hui Wenergy has grown EPS by 20% per year, compound, in the last three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be beaming.
如果您認爲市場甚至稍微有效,那麼從長遠來看,您會預期公司的股價會跟隨其每股收益(EPS)的結果。 這使得EPS增長成爲任何公司的一個有吸引力的品質。令人印象深刻的是,皖能電力在過去三年中連續複合增長了20%的EPS。 通常,如果公司能保持這樣的增長,我們會說股東會感到高興。
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. An Hui Wenergy shareholders can take confidence from the fact that EBIT margins are up from 1.1% to 6.1%, and revenue is growing. Ticking those two boxes is a good sign of growth, in our book.
核實公司增長的一種方法是查看其營業收入和利息與稅前利潤(EBIT)利潤率的變化。皖能電力的股東可以信任EBIT利潤率從1.1%上升至6.1%,而且營業收入持續增長。 在我們看來,這兩個方面的進展是增長的好跡象。
In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart.
在下面的圖表中,您可以看到公司的盈利和營業收入隨時間的增長情況。要查看實際數字,請單擊圖表。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240730/0-cea0598beec63720fcd15c80e67713ed-0-a38442bcd9c467fde2599668ce2475db.png/big)
The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for An Hui Wenergy's future EPS 100% free.
作爲投資者,掌握未來表現良好的公司是關鍵,而不只是過去表現良好的公司。雖然沒有水晶球,但您可以查看我們對皖能電力未來EPS的共識分析師預測的可視化,完全免費。
Are An Hui Wenergy Insiders Aligned With All Shareholders?
皖能電力內部人士與所有股東一致嗎?
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 An Hui Wenergy, with market caps between CN¥15b and CN¥46b, is around CN¥1.6m.
一般來說,考慮CEO的薪酬是值得的,因爲過高的費率可能針對股東的利益。接近150億和460億之間市值的類似規模公司的CEO的中位總補償約爲160萬元左右,這是值得考慮的。
The CEO of An Hui Wenergy only received CN¥710k in total compensation for the year ending December 2023. That's clearly well below average, so at a glance that arrangement seems generous to shareholders and points to a modest remuneration culture. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense.
皖能電力的CEO在2023年12月結束的年度僅獲得71萬元的總補償。很明顯,這遠低於平均水平,因此乍一看這種安排似乎對股東很慷慨,並指向一種謙遜的薪酬文化。 CEO薪酬水平不是投資者最重要的指標,但是當薪酬適度時,這確實支持首席執行官和普通股東之間的強化一致性。 在更廣泛的意義上,這也可能是誠信文化的一種跡象。
Is An Hui Wenergy Worth Keeping An Eye On?
皖能電力值得注意嗎?
You can't deny that An Hui Wenergy has grown its earnings per share at a very impressive rate. That's attractive. The fast growth bodes well while the very reasonable CEO pay assists builds some confidence in the board. We think that based on its merits alone, this stock is worth watching into the future. What about risks? Every company has them, and we've spotted 2 warning signs for An Hui Wenergy (of which 1 is potentially serious!) you should know about.
您不能否認皖能電力以非常驚人的速度增長其每股收益。這很有吸引力。快速的增長預示着未來發展良好,而非常合理的CEO薪酬則建立了股東的信心。我們認爲,單純從其優點來看,這支股票值得關注。那風險呢?每個公司都會面臨風險,我們已發現皖能電力存在2個警告標誌(其中1個可能是嚴重的!)需要了解。
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 Chinese companies which have demonstrated growth backed by significant insider holdings.
總有可能買入不增長收益且內部人士不購買股票的股票。但是對於那些認爲這些重要指標的人,我們鼓勵您查看具有這些特徵的公司清單。您可以獲得重點推薦的中國公司列表,這些公司證明了內部人員持股支持的增長。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。