Do Wus Printed Circuit (Kunshan)'s (SZSE:002463) Earnings Warrant Your Attention?
Do Wus Printed Circuit (Kunshan)'s (SZSE:002463) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone 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.
投資者往往被發現「下一個大事件」的想法所指導,即使這意味着購買沒有任何營業收入,更別提利潤的「故事股」。不幸的是,這些高風險投資往往幾乎沒有可能得到回報,許多投資者付出了代價來吸取教訓。虧損的公司尚未通過盈利證明自己,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 Wus Printed Circuit (Kunshan) (SZSE:002463). 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.
儘管處於科技股的藍天投資時代,許多投資者仍然採用更傳統的策略;購買像滬電股份(崑山)(深交所:002463)這樣的盈利公司的股票。雖然這並不一定意味着它被低估,但企業的盈利能力足以值得一些欣賞-特別是如果它正在增長。
How Fast Is Wus Printed Circuit (Kunshan) Growing?
滬電股份(崑山)的增長有多快?
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. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Over the last three years, Wus Printed Circuit (Kunshan) has grown EPS by 9.9% per year. That growth rate is fairly good, assuming the company can keep it up.
如果您認爲市場稍微有效,那麼從長期角度來看,您期望公司的股票價格跟隨每股收益(EPS)的結果。因此,有很多投資者喜歡買入EPS增長的公司的股票。在過去的三年中,滬電股份(崑山)的EPS年均增長率達到9.9%。假定公司能夠保持這種增長速度,這個增長率相當不錯。
Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. Not all of Wus Printed Circuit (Kunshan)'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. The music to the ears of Wus Printed Circuit (Kunshan) shareholders is that EBIT margins have grown from 17% to 19% in the last 12 months and revenues are on an upwards trend as well. That's great to see, on both counts.
頂線增長是可持續增長的好指標,再加上高息稅前利潤(EBIT)利潤率,這是公司在市場上保持競爭優勢的好方法。今年滬電股份(崑山)的營業收入並非全部來自經營活動,因此請牢記本文中所使用的營收和利潤率可能不是其業務的最佳代表。滬電股份(崑山)股東的好消息是,在過去的12個月中,EBIT利潤率已經從17%增長到19%,營業收入也呈上升趨勢。這兩項都是好的跡象。
In the chart below, you can see how the company has grown earnings and revenue, over time. For finer detail, click on the image.
在下面的圖表中,您可以看到公司的盈利和收入隨着時間的推移而增長。要獲得更精細的詳細信息,請單擊圖像。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-b82a5fed3ef0e1ca12376b6adcd89ee7-0-d163d2eae0c8823b29a9cd2ea674aa12.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 Wus Printed Circuit (Kunshan).
當然,關鍵是找到未來最好的股票,而不是在過去。當然,您可以根據過去的表現做出判斷,但您也可以查看滬電股份(崑山)職業分析師EPS預測的這種交互式圖表。
Are Wus Printed Circuit (Kunshan) Insiders Aligned With All Shareholders?
滬電股份(崑山)的內部管理層是否與所有股東保持一致?
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 Wus Printed Circuit (Kunshan), with market caps between CN¥29b and CN¥87b, is around CN¥2.1m.
一般而言,值得考慮CEO的報酬水平,因爲過高的費率可能會被視爲違背股東利益。與滬電股份(崑山)相似並且市值介於290億元人民幣和870億元人民幣之間的公司的CEO的中位數總補償約爲210萬元人民幣。
Wus Printed Circuit (Kunshan)'s CEO took home a total compensation package worth CN¥1.3m in the year leading up to December 2023. That is actually below the median for CEO's of similarly sized companies. CEO compensation is hardly the most important aspect of a company to consider, but when it's reasonable, that gives a little more confidence that leadership are looking out for shareholder interests. It can also be a sign of a culture of integrity, in a broader sense.
在領導層合理的情況下,CEO的報酬是最不重要的方面之一,但這可以增加領導層關注股東利益的信心。也可以是廣義上誠信文化的標誌。滬電股份(崑山)的CEO在2023年12月的一年中獲得了總報酬價值130萬元人民幣的報酬套餐。這實際上低於類似規模公司的CEO的中位數。
Is Wus Printed Circuit (Kunshan) Worth Keeping An Eye On?
滬電股份(崑山)值得關注嗎?
One important encouraging feature of Wus Printed Circuit (Kunshan) is that it is growing profits. On top of that, our faith in the board of directors is strengthened by the fact of the reasonable CEO pay. All things considered, Wus Printed Circuit (Kunshan) is definitely worth taking a deeper dive into. We should say that we've discovered 1 warning sign for Wus Printed Circuit (Kunshan) that you should be aware of before investing here.
滬電股份(崑山)一個重要的鼓舞人心的特徵是其正在增加利潤。除此之外,我們對董事會的信任也因CEO的合理薪酬而得到加強。綜合考慮,滬電股份(崑山)絕對值得更深入的了解。在投資此處之前,我們應該說,我們已經發現滬電股份(崑山)的1個警告跡象,您需要注意。
Although Wus Printed Circuit (Kunshan) 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.
儘管滬電股份(崑山)看起來很不錯,但如果內部人士購買股票,可能會吸引更多投資者。如果您想看到更多利益相關者參與的公司,請查看這些經過挑選的中國公司,它們不僅擁有強勁的增長,而且可以得到強有力的內部支持。
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。
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。