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Here's Why I Think Crown Castle International (REIT) (NYSE:CCI) Might Deserve Your Attention Today

Here's Why I Think Crown Castle International (REIT) (NYSE:CCI) Might Deserve Your Attention Today

這就是為什麼我認為皇冠城堡國際(REIT)(紐約證券交易所代碼:CCI)今天可能值得你關注的原因
Simply Wall St. ·  2020/02/12 11:02

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It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks with a good story, even if those businesses lose money. But as Peter Lynch said inOne Up On Wall Street, 'Long shots almost never pay off.'

很自然,許多投資者,尤其是那些剛接觸這個遊戲的人,更喜歡購買有好故事的“性感”股票,即使這些公司虧損。但正如彼得·林奇(Peter Lynch)在華爾街的一篇文章中所説,“冒險幾乎永遠不會有回報。”

So if you're like me, you might be more interested in profitable, growing companies, like Crown Castle International (REIT) (NYSE:CCI). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.

因此,如果你和我一樣,你可能會對盈利的、成長型的公司更感興趣,比如皇冠城堡國際(REIT)(紐約證券交易所代碼:CCI)。雖然利潤不一定是一種社會公益,但人們很容易欽佩一家能夠持續創造利潤的企業。相反,一家虧損的公司還沒有用盈利來證明自己,最終外部資本的甜蜜牛奶可能會變酸。

See our latest analysis for Crown Castle International (REIT)

查看我們對皇冠城堡國際(REIT)的最新分析

How Fast Is Crown Castle International (REIT) Growing?

皇冠城堡國際(REIT)的發展速度有多快?

As one of my mentors once told me, share price follows earnings per share (EPS). It's no surprise, then, that I like to invest in companies with EPS growth. As a tree reaches steadily for the sky, Crown Castle International (REIT)'s EPS has grown 26% each year, compound, over three years. This has no doubt fuelled the optimism that sees the stock trading on a high multiple of earnings.

正如我的一位導師曾經告訴我的那樣,股價跟隨每股收益(EPS)。所以,這也就不足為奇了,I喜歡投資每股收益增長的公司。皇冠城堡國際公司(Crown Castle International,簡稱REIT)的每股收益在過去三年裏以每年26%的複合增長率增長,就像一棵樹穩穩地伸向天空一樣。這無疑助長了人們的樂觀情緒,認為該公司股票的市盈率很高。

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. Not all of Crown Castle International (REIT)'s revenue this year is revenuefrom operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. The good news is that Crown Castle International (REIT) is growing revenues, and EBIT margins improved by 2.1 percentage points to 29%, over the last year. Ticking those two boxes is a good sign of growth, in my book.

我喜歡看看息税前利潤(EBIT)利潤率,以及營收增長情況,以便對公司增長的質量有另一種看法。皇冠城堡國際公司(Crown Castle International)今年的收入並非全部來自運營收入,因此請記住,我使用的營收和利潤率數據可能並不能最好地代表基礎業務。好消息是,皇冠城堡國際公司(Crown Castle International)的收入正在增長,去年息税前利潤(EBIT)增長了2.1個百分點,達到29%。在我看來,勾選這兩個數字是增長的一個好跡象。

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,你可以看到隨着時間的推移,該公司的收益和收入是如何增長的。要查看實際數字,請單擊圖表。

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While we live in the present moment at all times, there's no doubt in my mind that the future matters more than the past. So why not checkthis interactive chart depicting future EPS estimates, for Crown Castle International (REIT)?

雖然我們一直活在當下,但在我看來,毫無疑問,未來比過去更重要。那麼,為什麼不勾選這張為皇冠城堡國際(REIT)描繪未來每股收益預估的互動圖表呢?

Are Crown Castle International (REIT) Insiders Aligned With All Shareholders?

皇冠城堡國際(Crown Castle International,REIT)內部人士是否與所有股東一致?

Like that fresh smell in the air when the rains are coming, insider buying fills me with optimistic anticipation. Because oftentimes, the purchase of stock is a sign that the buyer views it as undervalued. However, insiders are sometimes wrong, and we don't know the exact thinking behind their acquisitions.

就像下雨的時候空氣中瀰漫着清新的氣味,內幕收購讓我充滿了樂觀的期待。因為通常情況下,購買股票是買家認為其價值被低估的跡象。然而,內部人士有時是錯的,我們不知道他們收購背後的確切想法。

We did see some selling in the last twelve months, but that's insignificant compared to the whopping US$5.8m that the Chairman of the Board, J. Martin spent acquiring shares. The average price paid was about US$126. The quantum of that insider purchase is both rare and a sight to behold, not unlike an endangered Amur Leopard in the wild.

在過去的12個月裏,我們確實看到了一些拋售,但與董事會主席J·馬丁(J.Martin)花在收購股票上的580萬美元相比,這是微不足道的。平均支付價格約為126美元。這種內部收購的數量既罕見又令人歎為觀止,就像野生的瀕臨滅絕的遠東豹(Amur Leopard)一樣。

Along with the insider buying, another encouraging sign for Crown Castle International (REIT) is that insiders, as a group, have a considerable shareholding. Notably, they have an enormous stake in the company, worth US$280m. This suggests to me that leadership will be very mindful of shareholders' interests when making decisions!

除了內部人士購買,皇冠城堡國際(REIT)的另一個令人鼓舞的跡象是,內部人士作為一個集團擁有相當大的股份。值得注意的是,他們持有該公司巨大的股份,價值2.8億美元。這在我看來,領導層在決策時會非常關注股東的利益!

While insiders are apparently happy to hold and accumulate shares, that is just part of the pretty picture. The cherry on top is that the CEO, Jay Brown is paid comparatively modestly to CEOs at similar sized companies. I discovered that the median total compensation for the CEOs of companies like Crown Castle International (REIT), with market caps over US$8.0b, is about US$11m.

雖然內部人士顯然樂於持有和積累股票,但這只是美好圖景的一部分。最重要的是,首席執行官傑伊·布朗(Jay Brown)在類似規模的公司向首席執行官支付的薪酬相對較低。我發現,皇冠城堡國際(Crown Castle International)等市值超過80億美元的公司首席執行官的總薪酬中值約為1100萬美元。

The Crown Castle International (REIT) CEO received US$9.0m in compensation for the year ending December 2018. That comes in below the average for similar sized companies, and seems pretty reasonable to me. While the level of CEO compensation isn't a huge factor in my view of the company, 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.

這位皇冠城堡國際(REIT)首席執行官在截至2018年12月的一年中獲得了900萬美元的薪酬。這低於類似規模公司的平均水平,在我看來相當合理。在我看來,CEO的薪酬水平並不是一個很大的因素,但適度的薪酬是一個積極的因素,因為這表明董事會會把股東的利益放在心上。從更廣泛的意義上講,這也可能是一種誠信文化的標誌。

Should You Add Crown Castle International (REIT) To Your Watchlist?

你應該把皇冠城堡國際(REIT)列入你的觀察名單嗎?

For growth investors like me, Crown Castle International (REIT)'s raw rate of earnings growth is a beacon in the night. The cranberry sauce on the turkey is that insiders own a bunch of shares, and one has been buying more. So it's fair to say I think this stock may well deserve a spot on your watchlist. Once you've identified a business you like, the next step is to consider what you think it's worth. And right now is your chance to view our exclusivediscounted cashflow valuationof Crown Castle International (REIT). You might benefit from giving it a glance today.

對於像我這樣的成長型投資者來説,皇冠城堡國際(Crown Castle International)的原始盈利增長率是夜間的燈塔。火雞上的紅莓醬是,內部人士持有大量股票,其中一人一直在買入更多股票。因此,公平地説,我認為這隻股票很可能值得在你的觀察名單上佔有一席之地。一旦你確定了一項你喜歡的業務,下一步就是考慮你認為它的價值。這是正確的。而且正確的是,我認為這隻股票應該在你的觀察名單上佔有一席之地。一旦你確定了一項你喜歡的業務,下一步就是考慮你認為它的價值。現在是您查看我們對皇冠城堡國際(REIT)獨家貼現現金流估值的機會。今天看一眼可能會對你有所裨益。

There are plenty of other companies that have insiders buying up shares. So if you like the sound of Crown Castle International (REIT), you'll probably love this free list of growing companies that insiders are buying.

還有很多其他公司有內部人士買進股票。因此,如果你喜歡皇冠城堡國際(REIT)的聲音,你可能會喜歡這個免費內部人士正在收購的成長型公司名單。

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction

請注意,本文討論的內幕交易指的是相關司法管轄區的須報告交易。

If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

如果您發現需要更正的錯誤,請與編輯聯繫,電子郵件地址為edit-team@simplywallst.com。這篇由《華爾街日報》撰寫的文章本質上是籠統的。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。簡單地説,華爾街在上述股票中沒有頭寸。

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

我們的目標是為您帶來由基礎數據驅動的長期重點研究分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。感謝您的閲讀。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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