Should You Be Adding Snap-on (NYSE:SNA) To Your Watchlist Today?
Should You Be Adding Snap-on (NYSE:SNA) To Your Watchlist Today?
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. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up.
對初學者來說,買一個向投資者講述一個好故事的公司可能是個好主意(也是一個令人興奮的前景),即使它當前缺乏營業收入和利潤的記錄。不幸的是,這些高風險投資通常幾乎沒有可能得到回報,而許多投資者爲了吸取教訓付出了代價。虧損的公司還沒有通過盈利證明自己,最終外部資本的流入可能會枯竭。
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 Snap-on (NYSE:SNA). 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.
儘管處於科技股藍天投資時代,但許多投資者仍然採取更傳統的策略,購買像 Snap-on(紐交所:SNA)這樣盈利的公司的股票。這並不是說該公司爲最佳投資機會,但盈利能力是業務成功的關鍵因素。
How Fast Is Snap-on Growing?
Snap-on 的增長速度有多快?
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. Snap-on managed to grow EPS by 11% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.
如果一個公司能夠長期保持每股收益(EPS)的增長,其股價應該會相應上漲。這使得 EPS 增長成爲任何公司都具有吸引力的特質。Snap-on 在過去三年中每年將 EPS 增長了11%。假設公司能夠堅持保持這種增長速度,這種增長率還算不錯。
Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. Not all of Snap-on's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers used in this article might not be the best representation of the underlying business. Snap-on maintained stable EBIT margins over the last year, all while growing revenue 2.3% to US$5.1b. That's progress.
仔細考慮營業收入增長和利潤前利息稅前(EBIT)利潤率可以幫助了解近期利潤增長的可持續性。Snap-on今年的部分收入並非來自營業活動,因此請記住本文中使用的營業收入和利潤率數據可能並不是對底層業務的最好反映。Snap-on在過去一年中保持穩定的EBIT利潤率,同時營業收入增長了2.3%,達到51億美元。這是進步。
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。
![1724765182270](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240827/42948501-0-dd2cc72449798c39868729b199b6fe00.webp/bigjpg)
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 Snap-on's future EPS 100% free.
作爲投資者,關鍵是找到未來表現良好的公司,而不僅僅是過去的表現。雖然沒有水晶球,但您可以免費查看我們對實耐寶未來每股收益的共識分析師預測的可視化。
Are Snap-on Insiders Aligned With All Shareholders?
實耐寶內部人員是否與所有股東保持一致?
Since Snap-on has a market capitalisation of US$15b, we wouldn't expect insiders to hold a large percentage of shares. But we do take comfort from the fact that they are investors in the company. Indeed, they have a considerable amount of wealth invested in it, currently valued at US$305m. This suggests that leadership will be very mindful of shareholders' interests when making decisions!
鑑於實耐寶市值150億美元,我們不希望內部人士持有大量股份。 但我們對他們是公司投資者感到安慰。實際上,他們在該公司投資了相當可觀的財富,目前價值3,050萬美元。這表明領導層在做決策時將非常關注股東的利益!
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. Our quick analysis into CEO remuneration would seem to indicate they are. The median total compensation for CEOs of companies similar in size to Snap-on, with market caps over US$8.0b, is around US$13m.
雖然看到內部人士通過大規模投資表現出對公司有堅定信念總是好的,股東們也很重要,需要問自己公司的管理補償政策是否合理。我們快速分析了CEO的薪酬,似乎表明他們是合理的。與實耐寶規模相似、市值超過80億美元的公司的首席執行官的中位數總補償約爲1300萬美元。
The Snap-on CEO received US$11m in compensation for the year ending 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.
實耐寶首席執行官在截至2023年12月的一年中獲得1100萬美元的報酬。這低於同等規模公司的平均水平,似乎相當合理。CEO薪酬水平並非對投資者最重要的指標,但當薪酬適度時,這支持CEO與普通股東之間的提升一致性。這也可能是良好治理的標誌。
Does Snap-on Deserve A Spot On Your Watchlist?
實耐寶值得被加入到你的自選嗎?
One positive for Snap-on is that it is growing EPS. That's nice to see. Earnings growth might be the main attraction for Snap-on, but the fun does not stop there. Boasting both modest CEO pay and considerable insider ownership, you'd argue this one is worthy of the watchlist, at least. You still need to take note of risks, for example - Snap-on has 1 warning sign we think you should be aware of.
實耐寶的一個正面因素是其每股收益正在增長。這是一個好的跡象。實耐寶的收益增長可能是吸引投資者的主要原因,但樂趣並不止於此。實耐寶的首席執行官薪酬適度,並且公司內部有相當多的股權所有人,至少可以認爲這是值得被加入到你的自選的一個理由。然而,你仍然需要注意風險,例如——實耐寶有1個警告信號,我們認爲你應該注意到。
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。
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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。