Is Now The Time To Put Keppel (SGX:BN4) On Your Watchlist?
Is Now The Time To Put Keppel (SGX:BN4) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should.
In contrast to all that, many investors prefer to focus on companies like Keppel (SGX:BN4), which has not only revenues, but also profits. Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business.
How Fast Is Keppel Growing?
The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. That makes EPS growth an attractive quality for any company. Recognition must be given to the that Keppel has grown EPS by 42% per year, over the last three years. Growth that fast may well be fleeting, but it should be more than enough to pique the interest of the wary stock pickers.
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 Keppel is growing revenues, and EBIT margins improved by 6.4 percentage points to 12%, over the last year. That's great to see, on both counts.
The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image.
SGX:BN4 Earnings and Revenue History March 27th 2024
While we live in the present moment, there's little doubt that the future matters most in the investment decision process. So why not check this interactive chart depicting future EPS estimates, for Keppel?
Are Keppel Insiders Aligned With All Shareholders?
Insider interest in a company always sparks a bit of intrigue and many investors are on the lookout for companies where insiders are putting their money where their mouth is. Because often, the purchase of stock is a sign that the buyer views it as undervalued. Of course, we can never be sure what insiders are thinking, we can only judge their actions.
It's good to see Keppel insiders walking the walk, by spending S$658k on shares in just twelve months. When you contrast that with the complete lack of sales, it's easy for shareholders to be brimming with joyful expectancy. We also note that it was the Non-Executive & Non-Independent Chairman, Leong Kay Teoh, who made the biggest single acquisition, paying S$219k for shares at about S$6.45 each.
On top of the insider buying, it's good to see that Keppel insiders have a valuable investment in the business. Holding S$116m worth of stock in the company is no laughing matter and insiders will be committed in delivering the best outcomes for shareholders. That's certainly enough to let shareholders know that management will be very focussed on long term growth.
Is Keppel Worth Keeping An Eye On?
Keppel's earnings have taken off in quite an impressive fashion. To make matters even better, the company insiders who know the company best have put their faith in the its future and have been buying more stock. This quick rundown suggests that the business may be of good quality, and also at an inflection point, so maybe Keppel deserves timely attention. We don't want to rain on the parade too much, but we did also find 3 warning signs for Keppel (1 shouldn't be ignored!) that you need to be mindful of.
There are plenty of other companies that have insiders buying up shares. So if you like the sound of Keppel, you'll probably love this curated collection of companies in SG that have witnessed growth alongside insider buying in the last three months.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
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.
對於初學者來說,收購一家向投資者講述好故事的公司似乎是個好主意(也是一個令人興奮的前景),即使該公司目前缺乏收入和利潤記錄。有時,這些故事會使投資者的思想蒙上陰影,導致他們用自己的情感進行投資,而不是根據良好的公司基本面進行投資。虧損的公司一直在爭分奪秒地實現財務可持續性,因此這些公司的投資者承擔的風險可能超出了應有的水平。
與此形成鮮明對比的是,許多投資者更願意關注像吉寶(SGX: BN4)這樣的公司,這些公司不僅有收入,還有利潤。現在,這並不是說該公司提供了最好的投資機會,但盈利能力是業務成功的關鍵因素。
吉寶的增長速度有多快?
市場在短期內是投票機,但從長遠來看是一臺權衡器,因此您預計股價最終將跟隨每股收益(EPS)的結果。這使得每股收益的增長對任何公司來說都是一種有吸引力的品質。必須認識到,在過去三年中,吉寶的每股收益每年增長42%。如此之快的增長很可能轉瞬即逝,但應該足以激起謹慎的選股者的興趣。
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。好消息是,與去年相比,吉寶收入正在增長,息稅前利潤率提高了6.4個百分點至12%。這兩個方面都很高興看到。
下圖顯示了公司的利潤和收入是如何隨着時間的推移而發展的。要了解更多細節,請點擊圖片。
新加坡證券交易所:BN4 收益和收入歷史記錄 2024 年 3 月 27 日
雖然我們生活在當下,但毫無疑問,未來在投資決策過程中最重要。那麼,爲什麼不查看這張描繪吉寶未來每股收益估計值的交互式圖表呢?
吉寶內部人士是否與所有股東保持一致?
內部人士對公司的興趣總是會引發一些陰謀,許多投資者都在尋找內部人士把錢花在嘴邊的公司。因爲購買股票通常表明買家認爲股票被低估了。當然,我們永遠無法確定內部人士在想什麼,我們只能判斷他們的行爲。
很高興看到吉寶內部人士走上正軌,在短短十二個月內花費了6.58萬新元購買股票。當你將其與完全缺乏銷售額形成鮮明對比時,股東很容易對他們充滿期望。我們還注意到,非執行和非獨立董事長梁繼張進行了最大的一次收購,支付了21.9萬新元以每股約6.45新元的價格購買了股票。
除了內幕收購外,很高興看到吉寶內部人士對該業務進行了寶貴的投資。持有該公司價值1.16億新元的股票絕非笑話,內部人士將致力於爲股東帶來最佳業績。這當然足以讓股東知道管理層將非常專注於長期增長。
吉寶值得關注嗎?
吉寶的收益以令人印象深刻的方式實現了增長。爲了讓事情變得更好,最了解公司的內部人士對公司的未來充滿信心,並一直在購買更多股票。這份簡短的概述表明,該業務可能質量良好,也正處於轉折點,因此也許吉寶值得及時關注。我們不想在遊行隊伍中下太多雨,但我們還發現了吉寶的 3 個警告標誌(1 個不容忽視!)這是你需要注意的。
還有許多其他公司有內部人士購買股票。因此,如果你喜歡吉寶的聲音,你可能會喜歡這組精心挑選的新加坡公司,這些公司在過去三個月中見證了增長和內幕收購。
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。
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
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。
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