Here's Why Walmart (NYSE:WMT) Has Caught The Eye Of Investors
Here's Why Walmart (NYSE:WMT) Has Caught The Eye Of Investors
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. 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.
對於新手來說，即使一家公司目前缺乏營業收入和利潤的記錄，向投資者展示一篇好的故事可能是一個好主意（和一個令人興奮的前景）購買該公司股票。但現實情況是，當一家公司每年虧損足夠長時間時，其投資者通常會承擔這些虧損。儘管一家資金充足的公司可以持續多年的虧損，但它最終需要產生利潤，否則投資者將離開，而公司將逐漸消失。
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 Walmart (NYSE:WMT). 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，許多投資者仍採用更傳統的策略; 持有像沃爾瑪（NYSE：WMT）這樣的盈利公司的股份。 儘管這並不一定說明它是否被低估，但業務的盈利足以獲得一些讚賞，尤其是如果它在增長。
Walmart's Earnings Per Share Are Growing
沃爾瑪的每股收益正在增長
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 means EPS growth is considered a real positive by most successful long-term investors. Impressively, Walmart has grown EPS by 18% per year, compound, in the last three years. If the company can sustain that sort of growth, we'd expect shareholders to come away satisfied.
市場在短期內是一臺投票機，但在長期內是一臺計重機，因此你預計股價最終會跟隨每股收益（EPS）的結果。 這意味着大多數成功的長期投資者認爲EPS增長是真正的積極因素。 令人印象深刻的是，沃爾瑪在過去三年中每股收益合計增長了18％。 如果該公司能夠維持這種增長，我們希望股東能夠滿意。
Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. While we note Walmart achieved similar EBIT margins to last year, revenue grew by a solid 5.7% to US$657b. That's a real positive.
仔細考慮營收增長和利息和稅前利潤率（EBIT）可以幫助了解最近的盈利增長可持續性。 儘管我們注意到沃爾瑪的EBIT利潤率與去年相似，但營收實現了可觀的5.7％增長，達到了657億美元。 這是真正的積極因素。
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。
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 Walmart's future profits.
你不能一邊開車一邊盯着後視鏡，因此您可能更感興趣的是這份免費報告，展示了分析師對沃爾瑪未來利潤的預測。
Are Walmart Insiders Aligned With All Shareholders?
沃爾瑪內部人員與所有股東是否保持一致？
Since Walmart has a market capitalisation of US$554b, we wouldn't expect insiders to hold a large percentage of shares. But we do take comfort from the fact that they are investors in the company. Notably, they have an enviable stake in the company, worth US$4.9b. We note that this amounts to 0.9% of the company, which may be small owing to the sheer size of Walmart but it's still worth mentioning. So despite their percentage holding being low, company management still have plenty of reasons to deliver the best outcomes for investors.
由於沃爾瑪的市值爲5540億美元，我們不會期望內部人員持有大量股票。 但是我們確信他們是該公司的投資者。 值得注意的是，他們在該公司擁有令人羨慕的股份，價值49億美元。 我們注意到，這相當於公司的0.9％，這可能很小，因爲沃爾瑪規模龐大，但這值得一提。 因此，儘管他們的持股比例較低，但公司管理層仍有許多理由爲投資者提供最佳結果。
Is Walmart Worth Keeping An Eye On?
沃爾瑪值得關注嗎？
For growth investors, Walmart's raw rate of earnings growth is a beacon in the night. With EPS growth rates like that, it's hardly surprising to see company higher-ups place confidence in the company through continuing to hold a significant investment. Fast growth and confident insiders should be enough to warrant further research, so it would seem that it's a good stock to follow. You should always think about risks though. Case in point, we've spotted 2 warning signs for Walmart you should be aware of.
對於成長型投資者來說，沃爾瑪的每股收益增長率是黑夜中的信標。 具有此類每股收益增長率，可以毫不奇怪地看到公司高層通過繼續持有大量投資來對公司表達信心。快速增長和有信心的內部人員應足以引起進一步研究的關注，因此看起來這是一隻很好的股票。 當然，您必須始終考慮風險。 例如，我們發現了2個值得注意的沃爾瑪警告信號，您需要知道。
There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of companies which have demonstrated growth backed by significant insider holdings.
總有可能買入沒有利潤增長和沒有內部人買入股票的股票而獲得好的回報。但對於那些認爲這些指標很重要的人，我們鼓勵您查看具備這些特徵的公司。您可以訪問定製的馬來西亞公司列表，其中這些公司已經證明了由內部人擁有的重要性所支持的成長。不應成長收益的公司中並展示沒有但對於那些認爲這些指標很重要的人來說，我們鼓勵您查看那些具有這些特徵的公司。您可以查看由內部人士持有股份支持的增長的定製公司列表。
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。