Do National Bank Holdings' (NYSE:NBHC) Earnings Warrant Your Attention?
Do National Bank Holdings' (NYSE:NBHC) Earnings Warrant Your Attention?
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 the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up.
許多投資者，尤其是那些缺乏經驗的投資者，常常會購買那些有好故事的公司的股票，即使這些公司處於虧損狀態。但現實情況是，當一家公司每年都虧損，持續時間足夠長時，其投資者通常會承受這些損失。一家虧損的公司還沒有能力證明其盈利能力，最終外部資本的流入可能會枯竭。
In contrast to all that, many investors prefer to focus on companies like National Bank Holdings (NYSE:NBHC), 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 National Bank Holdings with the means to add long-term value to shareholders.
與此相反，許多投資者更喜歡關注像National Bank Holdings（NYSE：NBHC）這樣不僅擁有營業收入，而且還有利潤的公司。即使該公司被市場公平估值，投資者也會同意，產生持續的利潤將繼續爲National Bank Holdings提供增加股東長期價值的手段。
How Fast Is National Bank Holdings Growing Its Earnings Per Share?
National Bank Holdings的每股收益增長有多快？
Even when EPS earnings per share (EPS) growth is unexceptional, company value can be created if this rate is sustained each year. So it's no surprise that some investors are more inclined to invest in profitable businesses. To the delight of shareholders, National Bank Holdings' EPS soared from US$2.71 to US$3.51, over the last year. That's a fantastic gain of 29%.
即使每股收益增長率不太好，如果該增長率每年持續，公司價值仍然會被創造。因此，不難理解，一些投資者更傾向於投資盈利的企業。令股東欣喜的是，過去一年中，National Bank Holdings的每股收益從2.71美元飆升至3.51美元。這是一項驚人的增長，爲29％。
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. It's noted that National Bank Holdings' revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. While we note National Bank Holdings achieved similar EBIT margins to last year, revenue grew by a solid 21% to US$411m. That's progress.
營收增長是可持續性增長的重要指標，結合高利潤前利息稅前利潤（EBIT）率，是公司在市場上保持競爭優勢的好方法。注意到National Bank Holdings的營業收入低於過去12個月的營業收入，因此這可能會扭曲我們對其利潤率的分析。雖然我們注意到National Bank Holdings實現了與去年相似的EBIT利潤率，但營收增長了21％，達到4.11億美元。這是進步的。從營業運營中NYSE：NBHC收益和營收歷史
You can take a look at the company's revenue and earnings growth trend, in the chart below. Click on the chart to see the exact numbers.
您可以查看下面的圖表，以查看公司的收入和利潤增長趨勢。單擊圖表可查看確切數字。
Fortunately, we've got access to analyst forecasts of National Bank Holdings' future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
很幸運，我們可以查閱National Bank Holdings分析師的預測未來利潤。您可以不看自己的預測，也可以看一眼專業人士的預測。
Are National Bank Holdings Insiders Aligned With All Shareholders?
如果內部人士擁有股票，從而與普通股東形成了利益的緊密對齊，那麼持有一家公司的股份可以給投資者一種安全感。National Bank Holdings的跟蹤者將會感到安慰，因爲內部人士擁有大量資本，與更廣泛的股東團體的最佳利益形成了一致。具體而言，他們擁有價值3100萬美元的股票。這顯示了他們的大量買入，可能代表了業務策略的信心。雖然這隻佔公司的2.3%，但足以表明業務領導者與普通股東之間的對齊。
It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests. So it is good to see that National Bank Holdings insiders have a significant amount of capital invested in the stock. To be specific, they have US$33m worth of shares. This considerable investment should help drive long-term value in the business. While their ownership only accounts for 2.3%, this is still a considerable amount at stake to encourage the business to maintain a strategy that will deliver value to shareholders.
如果公司內部人員也擁有股份，與股東的利益息息相關，那麼擁有公司股份的投資者應該感到放心。因此，看到National Bank Holdings內部人員在股票上投資了大量資本是件好事。具體而言，他們擁有3300萬美元的股份。這筆巨額投資應該有助於推動企業的長期價值。儘管它們只佔所有股份的2.3％，但仍然存在相當大的風險，促使企業保持實現爲股東提供價值的策略。
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. A brief analysis of the CEO compensation suggests they are. For companies with market capitalisations between US$1.0b and US$3.2b, like National Bank Holdings, the median CEO pay is around US$5.6m.
儘管從內部人員的強烈投資中可以看到一些公司的信心，但對股東來說，讓經營層的薪酬政策合理是同樣重要的。CEO薪酬的簡要分析表明，他們是合理的。對於市值在10億美元到32億美元之間的公司，例如National Bank Holdings，CEO的中位數薪酬約爲560萬美元。
National Bank Holdings' CEO took home a total compensation package worth US$3.6m in the year leading up to December 2023. That seems pretty reasonable, especially given it's below the median for similar 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.
National Bank Holdings的CEO在2023年12月的一年中獲得了價值360萬美元的總薪酬套餐。這似乎相當合理，尤其是考慮到它低於同規模公司的中位數。雖然CEO薪酬水平不應是公司受到的最大關注因素，但適度的薪酬是積極的，因爲這表明董事會考慮股東的利益。從更廣義上來說，這也可以是誠信文化的標誌。
Is National Bank Holdings Worth Keeping An Eye On?
National Bank Holdings值得關注嗎？如果您相信股價跟隨每股收益，那麼您一定應該深入研究National Bank Holdings強勁的每股收益增長。如果這還不夠，還應考慮CEO的薪酬相當合理，內部人員與其他股東一起投資。當然，每個人都有自己的投資偏好，但這確實使National Bank Holdings看起來非常有趣。不要忘記，仍然可能存在風險。例如，我們已經確定了一個警告信號。
If you believe that share price follows earnings per share you should definitely be delving further into National Bank Holdings' strong EPS growth. If that's not enough, consider also that the CEO pay is quite reasonable, and insiders are well-invested alongside other shareholders. Everyone has their own preferences when it comes to investing but it definitely makes National Bank Holdings look rather interesting indeed. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for National Bank Holdings that you should be aware of.
如果您相信股價跟隨每股收益的趨勢，那您應該更深入地研究National Bank Holdings強勁的EPS增長。如果這還不足以令您滿意，那還請考慮CEO的合理薪酬以及內部人員和其他股東的持股情況。每個人在投資方面都有自己的偏好，但這絕對讓National Bank Holdings看起來非常有趣。還要記得可能仍然存在一些風險。例如，我們已經發現了National Bank Holdings的一個警告信號，您應該注意。
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.
雖然選擇不斷增長的收益並且沒有內部買入的股票將會產生結果，但對於評估公司的關鍵指標價值的投資者來說，這是一個仔細挑選的在美國有潛在增長和內部信心的公司列表。
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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) 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
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譯文內容由第三人軟體翻譯。