Here's Why We Think Itron (NASDAQ:ITRI) Might Deserve Your Attention Today
Here's Why We Think Itron (NASDAQ:ITRI) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. 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. 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.
公司能夠扭轉命運的投資的激動人心,是某些投機者的一個重要誘因,因此即使是那些沒有營收、沒有利潤和當季表現不佳的公司也能夠找到投資者。但現實情況是,當一個公司連續多年虧損,其投資者通常會承擔他們的這些虧損。虧損公司總是在時間的競賽中爭取金融可持續性,因此這些公司的投資者可能承擔了比他們應該承擔的更多風險。
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 Itron (NASDAQ:ITRI). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Itron with the means to add long-term value to shareholders.
儘管處於科技股藍天投資的時代,許多投資者仍然採用更傳統的策略;購買像伊管(納斯達克:ITRI)這樣的盈利公司的股票。即使該公司在市場上被公認爲合理估值,投資者仍然會同意,穩定的盈利能夠持續爲伊管提供爲股東增加長期價值的手段。
How Fast Is Itron Growing Its Earnings Per Share?
伊管的每股收益增長速度有多快?
Strong earnings per share (EPS) results are an indicator of a company achieving solid profits, which investors look upon favourably and so the share price tends to reflect great EPS performance. Which is why EPS growth is looked upon so favourably. Commendations have to be given in seeing that Itron grew its EPS from US$1.65 to US$5.00, in one short year. Even though that growth rate may not be repeated, that looks like a breakout improvement. Could this be a sign that the business has reached an inflection point?
強勁的每股收益(EPS)結果是公司實現穩固利潤的指標,投資者對此持積極態度,因此股價往往反映出優秀的EPS表現。這就是爲什麼EPS增長被如此看重。值得稱讚的是,伊管在短短一年內將其每股收益從1.65美元增長至5.00美元。儘管這種增長率可能不會再現,但這看起來是一次突破性改善。這是否意味着業務已經達到拐點?
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. Itron shareholders can take confidence from the fact that EBIT margins are up from 6.0% to 11%, and revenue is growing. That's great to see, on both counts.
查看息稅前利潤(EBIT)利潤率和營業收入增長通常是有幫助的,以便進一步了解公司的增長質量。伊管的股東可以放心,因爲EBIT利潤率從6.0%上升到11%,營業收入也在增長。這兩方面的表現都很不錯。
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。
The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Itron's future EPS 100% free.
作爲投資者,關鍵在於找到未來將表現良好的公司,而不僅僅是過去。儘管水晶球並不存在,但您可以查看我們對伊管未來每股收益的共識分析師預測的可視化,100%免費。
Are Itron Insiders Aligned With All Shareholders?
伊管內部人是否與所有股東保持一致?
Since Itron has a market capitalisation of US$5.2b, 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. Given insiders own a significant chunk of shares, currently valued at US$61m, they have plenty of motivation to push the business to succeed. That's certainly enough to let shareholders know that management will be very focussed on long term growth.
由於伊管的市場資本爲52億美金,我們並不期望內部人持有大量股份。但我們確實從他們是公司的投資者這一事實中得到安慰。考慮到內部人擁有一大部分股份,目前估值爲6100萬美元,他們有足夠的動力推動業務成功。這肯定足以讓股東知道管理層將非常關注長期增長。
It's good to see that insiders are invested in the company, but are remuneration levels reasonable? Our quick analysis into CEO remuneration would seem to indicate they are. For companies with market capitalisations between US$4.0b and US$12b, like Itron, the median CEO pay is around US$8.0m.
看到內部人投資於公司是好事,但薪酬水平合理嗎?我們對CEO薪酬的快速分析似乎表明是合理的。對於市場資本在40億到120億美金之間的公司,如伊管,CEO的中位數薪酬約爲800萬美元。
Itron offered total compensation worth US$6.2m to its CEO in the year to December 2023. That is actually below the median for CEO's of similarly sized companies. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense.
伊管在截至2023年12月的一年中向其CEO提供了620萬美元的總補償。這實際上低於同等規模公司的CEO薪酬中位數。CEO薪酬水平並不是投資者最重要的指標,但當薪酬適中時,這確實支持了CEO與普通股東之間的更好對齊。這在更廣泛的意義上也可能是誠信文化的標誌。
Is Itron Worth Keeping An Eye On?
伊管值得關注嗎?
Itron's earnings per share have been soaring, with growth rates sky high. The sweetener is that insiders have a mountain of stock, and the CEO remuneration is quite reasonable. The sharp increase in earnings could signal good business momentum. Itron is certainly doing some things right and is well worth investigating. If you think Itron might suit your style as an investor, you could go straight to its annual report, or you could first check our discounted cash flow (DCF) valuation for the company.
伊管的每股收益一直在飆升,增長率非常高。 令人欣慰的是,內部人士持有大量股票,而CEO的薪酬相當合理。 收益的急劇增長可能預示着良好的業務勢頭。 伊管顯然做對了一些事情,值得深入調查。 如果你認爲伊管適合你的投資風格,可以直接查看它的年度報告,或者先查看我們對該公司的折現現金流(DCF)估值。
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.
總是有可能買入未增長收益並且內部人員不買入股票的股票表現良好。但是對於那些認爲這些重要指數的人,我們鼓勵您查看具有這些功能的公司。您可以訪問定製列表,其中列出了已經展示出增長並得到內幕人員認可的公司。
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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。