Is Now The Time To Put First Solar (NASDAQ:FSLR) On Your Watchlist?
Is Now The Time To Put First Solar (NASDAQ:FSLR) On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. 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. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.
對於一些投機者來說,投資一家可能逆轉其命運的公司的興奮情緒是一個巨大的吸引力,因此即使是沒有營業收入、沒有利潤並且一直表現不佳的公司也可以找到投資者。但現實情況是,當一家公司每年虧損足夠長時間時,投資者通常會承擔這些損失的一部分。虧損的公司可以像資本海綿一樣吸收資金,因此投資者應該謹慎,不要把好錢投向壞錢後面。
So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like First Solar (NASDAQ:FSLR). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide First Solar with the means to add long-term value to shareholders.
因此,如果高風險高回報的理念不適合您,您可能更有興趣持有盈利增長的公司,如第一太陽能(納斯達克:FSLR)。即使該公司市場價值相對公正合理,投資者也會同意持續產生利潤將持續爲第一太陽能股東增加長期價值的手段。
First Solar's Earnings Per Share Are Growing
第一太陽能的每股收益正在增長
The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. It certainly is nice to see that First Solar has managed to grow EPS by 28% per year over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be beaming.
市場是一臺短期的投票機,但卻是一臺長期的稱重機,因此您希望股票價格最終會跟隨每股收益(EPS)結果。因此,有許多投資者喜歡購買在增長EPS的公司股票。第一太陽能成功實現了每年28%的EPS增長,這當然是令人欣慰的。一般來說,如果公司能保持這種增長速度,股東將會非常高興。
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. The good news is that First Solar is growing revenues, and EBIT margins improved by 30.6 percentage points to 34%, over the last year. Both of which are great metrics to check off for potential growth.
查看公司增長質量時,檢查利息和稅前利潤(EBIT)的利潤率和營業收入增長率通常很有幫助。好消息是,第一太陽能營業收入正在增長,而EBIt利潤率在過去一年中已經提高了30.6個百分點,達到34%。這兩個指標都是潛在增長的很好的指標。
You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart.
您可以查看下圖中企業的營收和收益增長趨勢。要查看實際數字,請單擊圖表。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240814/0-860167b917fd2d9fde5b2bf245d85778-0-df3a5fd540a9f38228406b8fa1d1cdd3.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 First Solar.
當然,訣竅是找到那些未來表現最佳的股票,而不是過去。當然,您當然可以基於過去的表現來形成您的意見,但您也可以查看此專業分析師EPS預測的互動圖表。
Are First Solar Insiders Aligned With All Shareholders?
第一太陽能公司內部人士是否與所有股東保持一致?
Owing to the size of First Solar, we wouldn't expect insiders to hold a significant proportion of the company. 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$1.3b. Investors will appreciate management having this amount of skin in the game as it shows their commitment to the company's future.
由於第一太陽能公司規模較大,我們不希望內部人士持有該公司的大部分股份。但我們確實感到欣慰的是,他們是該公司的投資者。我們注意到他們在公司中的持股佔股價值達到了13億美元。投資者將感激管理層擁有這樣的股權,因爲這表明他們對公司未來的承諾。
It's good to see that insiders are invested in the company, but are remuneration levels reasonable? Our quick analysis into CEO remuneration would seem to indicate they are. Our analysis has discovered that the median total compensation for the CEOs of companies like First Solar, with market caps over US$8.0b, is about US$13m.
看到內部人士投資公司很好,但薪酬水平合理嗎?我們對首席執行官薪酬的快速分析似乎表明他們是合理的。我們的分析表明,像第一太陽能這樣的市值超過80億美元的公司的首席執行官的總體薪酬中位數約爲1300萬美元。
First Solar's CEO took home a total compensation package worth US$7.7m in the year leading up to December 2023. That comes in below the average for similar sized companies and seems pretty reasonable. 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 good governance, more generally.
在2023年12月前一年,第一太陽能首席執行官獲得總額爲770萬美元的薪酬。雖然首席執行官的薪酬水平對於投資者來說並不是最重要的指標,但當薪酬較低時,這確實支持首席執行官和普通股東之間的增強一致性。它還可以是良好治理的跡象。
Should You Add First Solar To Your Watchlist?
您應該將第一太陽能添加到您的自選股列表中嗎?
You can't deny that First Solar has grown its earnings per share at a very impressive rate. That's attractive. If you need more convincing beyond that EPS growth rate, don't forget about the reasonable remuneration and the high insider ownership. This may only be a fast rundown, but the key takeaway is that First Solar is worth keeping an eye on. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for First Solar (1 is concerning) you should be aware of.
您無法否認第一太陽能以非常令人印象深刻的速度增長其每股收益。這很有吸引力。如果您需要比EPS增長率更令人信服的東西,請不要忘記合理的薪酬和高持股比例。這可能只是一次快速的概述,但關鍵是第一太陽能值得關注。不要忘記,仍然可能存在風險。例如,我們已經確定了2個警告信號,其中1個令人擔憂,您應該了解情況。
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 companies which have demonstrated growth backed by significant insider holdings.
總是有可能買入未增長收益並且內部人員不買入股票的股票表現良好。但是對於那些認爲這些重要指數的人,我們鼓勵您查看具有這些功能的公司。您可以訪問定製列表,其中列出了已經展示出增長並得到內幕人員認可的公司。
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。