Longyan Kaolin Clay (SHSE:605086) Ticks All The Boxes When It Comes To Earnings Growth
Longyan Kaolin Clay (SHSE:605086) 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. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.
許多投資者,特別是沒經驗的投資者,買入公司的股份時會想要聽取一個好故事,即使那些公司虧損。不幸的是,這些高風險投資往往幾乎沒有實現其付出的可能性,許多投資者會爲此付出代價去吸取教訓。虧損公司會像一塊資金的海綿,因此投資者要謹慎,以免把好錢投進去壞錢後面。
So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Longyan Kaolin Clay (SHSE:605086). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing.
所以,如果這種高風險高回報的理念不合適,您可能更感興趣於盈利且正在成長的公司,例如龍巖高嶺土(SHSE:605086)。雖然這並不一定表明它被低估,但這項業務的盈利能力足以引起一些關注,特別是如果它在增長的話。
How Fast Is Longyan Kaolin Clay Growing Its Earnings Per Share?
龍巖高嶺土的每股收益增長速度有多快?
Even with very modest growth rates, a company will usually do well if it improves earnings per share (EPS) year after year. So it's no surprise that some investors are more inclined to invest in profitable businesses. In previous twelve months, Longyan Kaolin Clay's EPS has risen from CN¥0.62 to CN¥0.67. That's a modest gain of 8.5%.
即使在非常溫和的增長率下,如果一家公司的每股收益(EPS)年復一年提高,那麼它通常會表現良好。因此,一些投資者更傾向於投資盈利業務也就不足爲奇了。在過去的十二個月中,龍巖高嶺土的每股收益從CN¥0.62上升至CN¥0.67。這是一個8.5%的溫和增幅。
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 Longyan Kaolin Clay is growing revenues, and EBIT margins improved by 3.3 percentage points to 39%, over the last year. That's great to see, on both counts.
通常,查看利息和稅前利潤(EBIT)利潤率以及營業收入增長情況,有助於更全面了解公司的增長質量。好消息是,龍巖高嶺土的營業收入在增長,EBIT利潤率在過去一年中提高了3.3個百分點,達到了39%。這從各個方面來看都是令人高興的消息。
The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image.
下圖顯示了該公司底線和頂線隨着時間的推移而發展的情況。點擊圖片以獲取更精細的詳細信息。
While profitability drives the upside, prudent investors always check the balance sheet, too.
儘管利潤帶來上行動能,但審慎投資者也應檢查資產負債表。
Are Longyan Kaolin Clay Insiders Aligned With All Shareholders?
龍巖高嶺土的內部人士是否與所有股東一致?
Prior to investment, it's always a good idea to check that the management team is paid reasonably. Pay levels around or below the median, can be a sign that shareholder interests are well considered. The median total compensation for CEOs of companies similar in size to Longyan Kaolin Clay, with market caps between CN¥2.9b and CN¥12b, is around CN¥962k.
在投資之前,檢查管理團隊的薪酬是否合理總是一個好主意。薪酬水平在中位數左右或以下,可能是股東利益得到良好考慮的跡象。與龍巖高嶺土規模相似,市值在29億到120億人民幣之間的公司的CEO總薪酬中位數約爲96.2萬人民幣。
The Longyan Kaolin Clay CEO received total compensation of only CN¥246k in the year to December 2023. This could be considered a token amount, and indicates that the company does not need to use payment to motivate the CEO - that is often a good sign. 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.
龍巖高嶺土的CEO在截至2023年12月的年度中,僅獲得24.6萬人民幣的總薪酬。這可以被視爲象徵性金額,並表明公司不需要通過薪酬來激勵CEO——這通常是一個好兆頭。CEO薪酬水平並不是投資者最重要的指標,但當薪酬適中時,有助於在CEO和普通股東之間增強一致性。這在更廣泛的意義上也可能是誠信文化的一個標誌。
Is Longyan Kaolin Clay Worth Keeping An Eye On?
龍巖高嶺土值得關注嗎?
As previously touched on, Longyan Kaolin Clay is a growing business, which is encouraging. Not only that, but the CEO is paid quite reasonably, which should prompt investors to feel more trusting of the board of directors. So all in all Longyan Kaolin Clay is worthy at least considering for your watchlist. While we've looked at the quality of the earnings, we haven't yet done any work to value the stock. So if you like to buy cheap, you may want to check if Longyan Kaolin Clay is trading on a high P/E or a low P/E, relative to its industry.
正如之前提到的,龍巖高嶺土是一個不斷增長的業務,這令人鼓舞。不僅如此,CEO的薪酬相當合理,這應該會讓投資者對董事會更加信任。因此,總的來說,龍巖高嶺土至少值得考慮列入你的自選名單。雖然我們已經看過了盈利的質量,但還沒有對股票進行估值。所以如果你喜歡買入便宜的股票,你可能想檢查一下龍巖高嶺土相對於其行業是高市盈率還是低市盈率。
Although Longyan Kaolin Clay certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of Chinese companies that not only boast of strong growth but have strong insider backing.
雖然龍巖高嶺土看起來確實不錯,但如果內部人士能夠買入股份,可能會吸引更多投資者。如果你喜歡看到有更多實際投入的公司,那就看看這份精選的中國公司名單,這些公司不僅擁有強勁的增長,而且得到了強大的內部支持。
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。
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