Unitil (NYSE:UTL) Ticks All The Boxes When It Comes To Earnings Growth
Unitil (NYSE:UTL) Ticks All The Boxes When It Comes To Earnings Growth
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. 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.
對初學者來說,買一個向投資者講述一個好故事的公司可能是個好主意(也是一個令人興奮的前景),即使它當前缺乏營業收入和利潤的記錄。不幸的是,這些高風險投資通常幾乎沒有可能得到回報,而許多投資者爲了吸取教訓付出了代價。虧損的公司還沒有通過盈利證明自己,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 Unitil (NYSE:UTL). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
儘管處於科技股藍天投資時代,許多投資者仍採用更傳統的策略;購買類似Unitil(紐交所:UTL)這樣的盈利公司的股票。雖然投資時不應僅考慮利潤作爲度量標準,但值得注意的是,能夠持續產生利潤的公司亦需重視。
How Quickly Is Unitil Increasing Earnings Per Share?
Unitil的每股收益增長速度有多快?
Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Over the last three years, Unitil has grown EPS by 7.6% per year. This may not be setting the world alight, but it does show that EPS is on the upwards trend.
通常,收益每股增長(EPS)增長的公司應該會看到類似的股價趨勢。因此,經驗豐富的投資者在進行投資研究時應該密切關注企業的EPS。在過去的三年中,Unitil的EPS年複合增長率爲7.6%。這可能不會讓人眼前一亮,但顯示了EPS處於上升趨勢。
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. Unitil's EBIT margins have actually improved by 3.8 percentage points in the last year, to reach 18%, but, on the flip side, revenue was down 13%. While not disastrous, these figures could be better.
了解企業增長品質的另一個角度往往可以通過查看利息和稅前利潤(EBIT)率以及營業收入增長情況。Unitil的EBIT利潤率在過去一年中實際上提高了3.8個百分點,達到了18%,但與此同時,營業收入下降了13%。雖然這些數字並非災難性,但它們可能會更好。
The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart.
下面的圖表顯示了公司的營業收入和收益是如何隨時間變化的。要查看實際數字,請單擊圖表。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240716/0-93672fdd31ce7ff2f141ef5637780bff-0-966ed2604946124483f4000ae5698350.png/big)
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 Unitil?
我們生活在當下,無疑未來最重要。所以,爲什麼不查看這張描繪Unitil未來EPS估計的互動圖表呢?
Are Unitil Insiders Aligned With All Shareholders?
Unitil內部人士是否與所有股東一致?如果內部人士也持有股票,創造了與普通股東緊密的一致,這對股東來說是有安全感的。因此,很高興看到Unitil內部人士對該股票已投入大量資本。實際上,他們持有價值2000萬美元的股票。這是一筆鉅款,也是一個高額的激勵資金。儘管只佔公司的約2.2%,但足以表明企業領導人和普通股東之間的一致。
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 Unitil insiders have a significant amount of capital invested in the stock. Indeed, they hold US$20m worth of its stock. That's a lot of money, and no small incentive to work hard. Even though that's only about 2.2% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders.
儘管總是很高興看到內部人士通過大量投資來表達對企業的強烈信念,但股東也很重要,問一問管理層的薪酬政策是否合理。對CEO薪酬的簡要分析表明,他們是合理的。對於市值在4000萬美元至16億美元之間的公司,如Unitil,CEO薪酬中位數約爲330萬美元。
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$400m and US$1.6b, like Unitil, the median CEO pay is around US$3.3m.
Unitil CEO在截至2023年12月的一年中獲得了260萬美元的報酬。這低於類似規模公司的平均水平,看起來相當合理。雖然CEO薪水水平不應該是評估公司的最大因素,但薪酬適度是一個積極的信號,因爲它表明管理層將股東利益放在心中。一般而言,合理的薪酬水平可以證明良好的決策。
The Unitil CEO received US$2.6m in compensation for the year ending December 2023. That comes in below the average for similar sized companies and seems pretty reasonable. 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. Generally, arguments can be made that reasonable pay levels attest to good decision-making.
Unitil的每股收益正在增長,這是一個積極的因素。EPS在增長是Unitil的優點,不過還有一個好消息。擁有相當數量的內部人士持股和合理的CEO薪酬,一個理性的人可能會得出結論,這是一個值得關注的股票。在您採取下一步之前,您應該知道我們揭示的Unitil的2個警示信息(1個有點令人擔憂)。
Does Unitil Deserve A Spot On Your Watchlist?
Unitil值得進入您的自選名單嗎?
One positive for Unitil is that it is growing EPS. That's nice to see. The fact that EPS is growing is a genuine positive for Unitil, but the pleasant picture gets better than that. With a meaningful level of insider ownership, and reasonable CEO pay, a reasonable mind might conclude that this is one stock worth watching. Before you take the next step you should know about the 2 warning signs for Unitil (1 is a bit concerning!) that we have uncovered.
對於Unitil來說,一個積極的因素是它的EPS正在增長。這是一個好消息。EPS增長是Unitil的優點,但愉快的景象不止如此。擁有相當數量的內部人士持股和合理的CEO薪酬,一個理性的人可能會得出結論,這是一個值得關注的股票。在您採取下一步之前,您應該知道我們揭示的Unitil的2個警示信息(1個有點令人擔憂!)。
Although Unitil 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 companies that not only boast of strong growth but have strong insider backing.
雖然Unitil看起來確實不錯,但如果內部人士購買了這家公司的股票,它可能會吸引更多的投資者。如果您喜歡看到更多內部人士的參與,請查看這些手動篩選的公司,它們不僅具有強大的增長,而且有強大的內部支持。
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。
譯文內容由第三人軟體翻譯。