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InMode Ltd. (NASDAQ:INMD) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

InMode Ltd. (NASDAQ:INMD) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

InMode Ltd.(纳斯达克股票代码:INMD)股票最近表现疲软,但财务状况看起来强劲:潜在股东应该实现飞跃吗?
Simply Wall St ·  05/07 22:30

InMode (NASDAQ:INMD) has had a rough three months with its share price down 25%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. In this article, we decided to focus on InMode's ROE.

InMode(纳斯达克股票代码:INMD)经历了艰难的三个月,其股价下跌了25%。但是,如果你密切关注,你可能会发现,鉴于市场通常会奖励财务状况良好的公司,其强劲的财务状况可能意味着该股的长期价值可能会增加。在本文中,我们决定重点介绍InMode的投资回报率。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

股本回报率或投资回报率是对公司增值和管理投资者资金的有效性的考验。换句话说,它是衡量公司股东提供的资本回报率的盈利比率。

How Do You Calculate Return On Equity?

你如何计算股本回报率?

The formula for ROE is:

ROE 的公式是:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股本回报率 = 净利润(来自持续经营业务)÷ 股东权益

So, based on the above formula, the ROE for InMode is:

因此,根据上述公式,InMode的投资回报率为:

22% = US$181m ÷ US$815m (Based on the trailing twelve months to March 2024).

22% = 1.81亿美元 ÷ 8.15亿美元(基于截至2024年3月的过去十二个月)。

The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.22.

“回报” 是过去十二个月的税后收入。因此,这意味着公司每投资1美元,就会产生0.22美元的利润。

What Is The Relationship Between ROE And Earnings Growth?

投资回报率与收益增长之间有什么关系?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

我们已经确定,投资回报率是衡量公司未来收益的有效盈利指标。现在,我们需要评估公司再投资或 “保留” 了多少利润以用于未来的增长,从而使我们对公司的增长潜力有所了解。假设其他条件都一样,与功能不相同的公司相比,具有更高股本回报率和更高利润保留率的公司通常具有更高的增长率。

InMode's Earnings Growth And 22% ROE

InMode的收益增长和22%的投资回报率

To start with, InMode's ROE looks acceptable. On comparing with the average industry ROE of 11% the company's ROE looks pretty remarkable. Probably as a result of this, InMode was able to see an impressive net income growth of 31% over the last five years. However, there could also be other causes behind this growth. Such as - high earnings retention or an efficient management in place.

首先,InMode的投资回报率看起来可以接受。与11%的行业平均投资回报率相比,该公司的投资回报率看起来相当可观。可能是由于这个原因,InMode在过去五年中实现了令人印象深刻的31%的净收入增长。但是,这种增长背后可能还有其他原因。例如——高收益留存率或实行高效管理。

Next, on comparing with the industry net income growth, we found that InMode's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see.

接下来,与行业净收入增长进行比较时,我们发现InMode的增长与同期11%的行业平均增长率相比相当高,这真是太好了。

past-earnings-growth
NasdaqGS:INMD Past Earnings Growth May 7th 2024
纳斯达克GS: inMD 过去的收益增长 2024 年 5 月 7 日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if InMode is trading on a high P/E or a low P/E, relative to its industry.

为公司附加价值的基础在很大程度上与其收益增长息息相关。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。通过这样做,他们将知道股票是走向清澈的蓝色海水还是沼泽水域在等着呢。衡量预期收益增长的一个很好的指标是市盈率,它根据收益前景决定了市场愿意为股票支付的价格。因此,您可能需要检查InMode相对于其行业是以高市盈率还是低市盈率进行交易。

Is InMode Efficiently Re-investing Its Profits?

InMode 是否有效地将其利润再投资?

Given that InMode doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.

鉴于InMode不向其股东支付任何定期股息,我们推断该公司一直在将其所有利润再投资以发展其业务。

Summary

摘要

In total, we are pretty happy with InMode's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

总的来说,我们对InMode的性能非常满意。特别是,我们喜欢该公司对其业务进行大量再投资,而且回报率很高。毫不奇怪,这带来了令人印象深刻的收益增长。话虽如此,正如分析师目前的估计所预测的那样,该公司的收益增长预计将放缓。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

译文内容由第三方软件翻译。


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