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Is Select Water Solutions, Inc.'s (NYSE:WTTR) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Is Select Water Solutions, Inc.'s (NYSE:WTTR) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

是 Select Water Solutions, Inc.s(纽约证券交易所代码:WTTR)最近的股票表现受到其基本面的影响吗?
Simply Wall St ·  05/14 19:28

Select Water Solutions' (NYSE:WTTR) stock is up by a considerable 30% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on Select Water Solutions' ROE.

Select Water Solutions(纽约证券交易所代码:WTTR)的股票在过去三个月中上涨了30%。正如大多数人所知道的那样,基本面通常是指导市场价格长期走势的因素,因此我们今天决定研究公司的关键财务指标,以确定它们在近期的价格走势中是否可以发挥任何作用。在本文中,我们决定重点关注精选水务解决方案的投资回报率。

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

股本回报率或投资回报率是股东需要考虑的重要因素,因为它可以告诉他们资本再投资的有效性。简而言之,它用于评估公司相对于其股权资本的盈利能力。

How To Calculate Return On Equity?

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 Select Water Solutions is:

因此,根据上述公式,精选水务解决方案的投资回报率为:

7.8% = US$69m ÷ US$888m (Based on the trailing twelve months to March 2024).

7.8% = 6,900万美元 ÷ 8.88亿美元(基于截至2024年3月的过去十二个月)。

The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.08 in profit.

“回报” 是每年的利润。这意味着,公司每获得价值1美元的股东权益,就会产生0.08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?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。根据公司选择将多少利润进行再投资或 “保留”,我们便能够评估公司未来创造利润的能力。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。

Select Water Solutions' Earnings Growth And 7.8% ROE

精选水务解决方案的收益增长和7.8%的投资回报率

At first glance, Select Water Solutions' ROE doesn't look very promising. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 13%. However, we we're pleasantly surprised to see that Select Water Solutions grew its net income at a significant rate of 44% in the last five years. So, there might be other aspects that are positively influencing the company's earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.

乍一看,Select Water Solutions的投资回报率看起来并不十分乐观。然后,我们将该公司的投资回报率与整个行业进行了比较,但对投资回报率低于行业平均水平的13%感到失望。但是,我们惊喜地看到,在过去五年中,Select Water Solutions的净收入大幅增长了44%。因此,可能还有其他方面对公司的收益增长产生积极影响。例如,公司的管理层可能做出了一些良好的战略决策,或者公司的派息率很低。

Next, on comparing Select Water Solutions' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 45% over the last few years.

接下来,在将Select Water Solutions的净收入增长与该行业的净收入增长进行比较时,我们发现该公司报告的增长与过去几年45%的行业平均增长率相似。

past-earnings-growth
NYSE:WTTR Past Earnings Growth May 14th 2024
纽约证券交易所:WTTR 过去的收益增长 2024 年 5 月 14 日

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. What is WTTR worth today? The intrinsic value infographic in our free research report helps visualize whether WTTR is currently mispriced by the market.

收益增长是对股票进行估值时要考虑的重要指标。无论如何,投资者应设法确定预期的收益增长或下降是否已计入其中。这样做将帮助他们确定股票的未来是乐观还是不祥的。今天的 WTTR 值多少钱?我们的免费研究报告中的内在价值信息图有助于直观地了解市场目前是否对WTTR进行了错误的定价。

Is Select Water Solutions Using Its Retained Earnings Effectively?

Select Water Solutions能否有效利用其留存收益?

Select Water Solutions' three-year median payout ratio is a pretty moderate 30%, meaning the company retains 70% of its income. By the looks of it, the dividend is well covered and Select Water Solutions is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.

Select Water Solutions的三年派息率中位数为相当温和的30%,这意味着该公司保留了70%的收入。从表面上看,股息覆盖范围很大,Select Water Solutions正在有效地对其利润进行再投资,我们上面讨论的其非凡增长就证明了这一点。

Along with seeing a growth in earnings, Select Water Solutions only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 18% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 16%, over the same period.

除了收益增长外,Select Water Solutions直到最近才开始派发股息。该公司很可能想给股东留下深刻的印象。我们最新的分析师数据显示,该公司的未来派息率预计将在未来三年降至18%。因此,派息率的预期下降解释了该公司同期的投资回报率预计将增长至16%。

Conclusion

结论

In total, it does look like Select Water Solutions has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

总的来说,Select Water Solutions的业务看起来确实有一些积极的方面。尽管投资回报率很低,但由于再投资率很高,该公司的收益实现了可观的增长。既然如此,对分析师最新预测的研究表明,预计该公司未来的收益增长将放缓。要了解有关公司未来收益增长预测的更多信息,请查看这份免费的分析师预测报告,以了解更多信息。

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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。

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