If EPS Growth Is Important To You, Balchem (NASDAQ:BCPC) Presents An Opportunity
If EPS Growth Is Important To You, Balchem (NASDAQ:BCPC) Presents An Opportunity
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. 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. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away.
投資者通常以發現 “下一件大事” 的想法爲指導,即使這意味着在沒有任何收入的情況下購買 “故事股票”,更不用說獲利了。但現實是,當一家公司每年虧損時,在足夠長的時間內,其投資者通常會從虧損中分擔自己的份額。雖然資金充足的公司可能會遭受多年的損失,但它最終需要創造利潤,否則投資者將繼續前進,公司將萎縮。
In contrast to all that, many investors prefer to focus on companies like Balchem (NASDAQ:BCPC), which has not only revenues, but also profits. While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
與此形成鮮明對比的是,許多投資者更願意關注像Balchem(納斯達克股票代碼:BCPC)這樣的公司,這些公司不僅有收入,還有利潤。儘管利潤不是投資時應考慮的唯一指標,但值得表彰能夠持續生產利潤的企業。
Balchem's Earnings Per Share Are Growing
Balchem 的每股收益正在增長
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. That means EPS growth is considered a real positive by most successful long-term investors. Over the last three years, Balchem has grown EPS by 8.9% per year. That's a good rate of growth, if it can be sustained.
如果你認爲市場的效率甚至含糊不清,那麼從長遠來看,你預計公司的股價將遵循其每股收益(EPS)的結果。這意味着大多數成功的長期投資者認爲每股收益增長確實是積極的。在過去的三年中,Balchem的每股收益每年增長8.9%。如果可以持續的話,這是一個不錯的增長率。
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. Despite the relatively flat revenue figures, shareholders will be pleased to see EBIT margins have grown from 15% to 18% in the last 12 months. Which is a great look for the company.
查看利息和稅前收益(EBIT)利潤率以及收入增長通常會很有幫助,這樣可以重新了解公司的增長質量。儘管收入數字相對持平,但股東們會很高興看到息稅前利潤率在過去12個月中從15%增長到18%。這對公司來說是一個不錯的外觀。
The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.
下圖顯示了該公司的收入和收入隨着時間的推移是如何發展的。點擊圖表查看確切的數字。
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 Balchem.
當然,訣竅是找到未來表現最好的股票,而不是過去的股票。當然,您可以根據過去的表現來發表自己的看法,但您可能還需要查看這張專業分析師對Balchem每股收益預測的互動圖表。
Are Balchem Insiders Aligned With All Shareholders?
Balchem 內部人士是否與所有股東保持一致?
Since Balchem has a market capitalisation of US$5.1b, 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. As a matter of fact, their holding is valued at US$37m. That shows significant buy-in, and may indicate conviction in the business strategy. Despite being just 0.7% of the company, the value of that investment is enough to show insiders have plenty riding on the venture.
由於Balchem的市值爲51億美元,我們預計內部人士不會持有很大比例的股票。但是他們投資了該公司,這讓我們感到放心。事實上,他們的持股價值爲3700萬美元。這表明了大量的支持,也可能表明對業務戰略的信念。儘管僅佔該公司的0.7%,但該投資的價值足以表明內部人士對該合資企業有足夠的依據。
It means a lot to see insiders invested in the business, but shareholders may be wondering if remuneration policies are in their best interest. A brief analysis of the CEO compensation suggests they are. For companies with market capitalisations between US$4.0b and US$12b, like Balchem, the median CEO pay is around US$8.5m.
看到內部人士投資該業務意義重大,但股東們可能想知道薪酬政策是否符合他們的最大利益。對首席執行官薪酬的簡要分析表明確實如此。對於市值介於40億美元至120億美元之間的公司,例如Balchem,首席執行官的薪酬中位數約爲850萬美元。
The Balchem CEO received US$5.9m in compensation for the year ending December 2023. That is actually below the median for CEO's of similarly sized companies. While the level of CEO compensation shouldn't be the biggest factor in how the company is viewed, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. It can also be a sign of a culture of integrity, in a broader sense.
截至2023年12月的財年,Balchem首席執行官獲得了590萬美元的薪酬。這實際上低於類似規模公司首席執行官的中位數。儘管首席執行官的薪酬水平不應成爲公司看法的最大因素,但適度的薪酬是積極的,因爲這表明董事會將股東利益放在心上。從更廣泛的意義上講,它也可以是誠信文化的標誌。
Does Balchem Deserve A Spot On Your Watchlist?
Balchem 值得在您的關注清單上佔有一席之地嗎?
One important encouraging feature of Balchem is that it is growing profits. Earnings growth might be the main attraction for Balchem, but the fun does not stop there. With a meaningful level of insider ownership, and reasonable CEO pay, a reasonable mind might conclude that this is one stock worth watching. Even so, be aware that Balchem is showing 1 warning sign in our investment analysis , you should know about...
Balchem的一個重要令人鼓舞的特點是利潤不斷增長。收益增長可能是Balchem的主要吸引力,但樂趣確實如此 不 停在那裏。有了可觀的內部所有權水平和合理的首席執行官薪酬,理智的人可能會得出結論,這是一隻值得關注的股票。即便如此,請注意,Balchem在我們的投資分析中顯示了1個警告信號,您應該知道...
While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in the US with promising growth potential and insider confidence.
雖然選擇收益不增長且沒有內幕買盤的股票可以產生業績,但對於估值這些關鍵指標的投資者來說,以下是精心挑選的具有良好增長潛力和內部信心的美國公司名單。
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
請注意,本文中討論的內幕交易是指相關司法管轄區內應報告的交易。
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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.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。