Here's Why We Think On Holding (NYSE:ONON) Is Well Worth Watching
Here's Why We Think On Holding (NYSE:ONON) Is Well Worth Watching
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. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.
對於許多投資者,特別是那些經驗不足的人,即使這些公司虧損,也會購買有好故事買的股票。但正如彼得 · 林奇在《華爾街之上》中所說,「冷門股幾乎從來沒有回報」。虧損的公司可能會像資本的海綿一樣行事,因此投資者應該小心,不要把好錢投在壞錢上。
In contrast to all that, many investors prefer to focus on companies like On Holding (NYSE:ONON), 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 On Holding with the means to add long-term value to shareholders.
與這一切截然相反,許多投資者更喜歡專注於像On Holding(紐交所:ONON)這樣不僅有營業收入,而且有利潤的公司。即使這家公司被市場合理定價,投資者也會同意,持續實現利潤將繼續爲On Holding提供增加股東長期價值的手段。
How Fast Is On Holding Growing Its Earnings Per Share?
On Holding的每股收益增長有多快?
In the last three years On Holding's earnings per share took off; so much so that it's a bit disingenuous to use these figures to try and deduce long term estimates. As a result, we'll zoom in on growth over the last year, instead. On Holding's EPS skyrocketed from CHF0.25 to CHF0.39, in just one year; a result that's bound to bring a smile to shareholders. That's a impressive gain of 57%.
在過去三年裏,On Holding的每股收益大幅增長;所以使用這些數據來推斷長期估計有點不誠實。因此,我們將把重點放在過去一年的增長上。On Holding的每股收益從CHF0.25上升到CHF0.39,僅僅一年的時間;這一結果肯定會讓股東心滿意足。這是一個令人印象深刻的增長率達57%。
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. EBIT margins for On Holding remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 26% to CHF2.2b. That's a real positive.
查看利息和稅前盈利(EBIT)利潤率以及營業收入增長往往很有幫助,以了解公司增長的質量。在過去一年裏,On Holding的EBIT利潤率基本保持不變,然而公司應該高興地宣佈該時期的營業收入增長了26%,達到了CHF22億。這是一個真正的利好。
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。
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You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for On Holding's future profits.
你不會開車時一直盯着後視鏡,因此您可能對這份免費報告更感興趣,其中顯示了對On Holding未來利潤的分析師預測。
Are On Holding Insiders Aligned With All Shareholders?
On Holding內部人是否與所有股東保持一致?
Since On Holding has a market capitalisation of US$18b, 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 CHF3.5b. This totals to 19% of shares in the company. Enough to lead management's decision making process down a path that brings the most benefit to shareholders. Very encouraging.
由於On Holding的市值爲180億美元,我們不會指望內部人持有大量股份。但事實上,他們對公司進行了投資讓我們感到放心。特別值得一提的是,他們在公司擁有價值35億瑞士法郎的令人羨慕的股份。這總共佔據了公司19%的股份。足以引導管理層的決策走向對股東帶來最大利益的道路。非常令人鼓舞。
Is On Holding Worth Keeping An Eye On?
On Holding值得密切關注嗎?
For growth investors, On Holding's raw rate of earnings growth is a beacon in the night. Further, the high level of insider ownership is impressive and suggests that the management appreciates the EPS growth and has faith in On Holding's continuing strength. Fast growth and confident insiders should be enough to warrant further research, so it would seem that it's a good stock to follow. Of course, identifying quality businesses is only half the battle; investors need to know whether the stock is undervalued. So you might want to consider this free discounted cashflow valuation of On Holding.
對於成長投資者來說,On Holding的收益增長率是夜間的燈塔。此外,內部人員擁有的高比例股權令人印象深刻,表明管理層重視每股收益的增長並對On Holding持續的實力有信心。快速增長和自信的內部人員足以值得進一步研究,因此似乎這是一支值得關注的優質股票。當然,找到優質企業只是一半的勝利;投資者需要知道股票是否被低估。因此,您可能需要考慮這份對On Holding的免費折現現金流估值。
Although On Holding 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 companies that not only boast of strong growth but have strong insider backing.
儘管On Holding看起來確實不錯,但如果內部人士在大量買入股票,可能會吸引更多投資者。如果你喜歡看到更多內部人員投入的公司,請查看這些精選公司,它們不僅自稱擁有強勁增長,而且有內部人士的大力支持。
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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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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。