Modine Manufacturing Company's (NYSE:MOD) Stock Is Going Strong: Is the Market Following Fundamentals?
Modine Manufacturing Company's (NYSE:MOD) Stock Is Going Strong: Is the Market Following Fundamentals?
Modine Manufacturing's (NYSE:MOD) stock is up by a considerable 31% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Modine Manufacturing's ROE today.
摩丁制造公司（纽约证券交易所代码：MOD）的股票在过去三个月中上涨了31％。由于市场通常会为公司的长期基本面买单，因此我们决定研究公司的关键绩效指标，看看它们是否会影响市场。特别是，我们今天将关注摩丁制造的投资回报率。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。简而言之，投资回报率显示了每美元从其股东投资中产生的利润。
How Do You Calculate Return On Equity?
你如何计算股本回报率？
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算：
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 Modine Manufacturing is:
因此，根据上述公式，摩丁制造的投资回报率为：
31% = US$228m ÷ US$735m (Based on the trailing twelve months to December 2023).
31% = 2.28亿美元 ÷ 7.35亿美元（基于截至2023年12月的过去十二个月）。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.31 in profit.
“回报” 是过去十二个月的税后收入。另一种思考方式是，每持有价值1美元的股权，该公司就能获得0.31美元的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前为止，我们已经了解到，投资回报率衡量的是公司创造利润的效率。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。一般而言，在其他条件相同的情况下，股本回报率和利润留存率高的公司的增长率要高于不具有这些属性的公司。
Modine Manufacturing's Earnings Growth And 31% ROE
摩丁制造业的收益增长和31％的投资回报率
Firstly, we acknowledge that Modine Manufacturing has a significantly high ROE. Additionally, the company's ROE is higher compared to the industry average of 12% which is quite remarkable. As a result, Modine Manufacturing's exceptional 30% net income growth seen over the past five years, doesn't come as a surprise.
首先，我们承认摩丁制造的投资回报率非常高。此外，该公司的投资回报率高于行业平均水平的12％，这非常引人注目。因此，摩丁制造在过去五年中实现了30％的惊人净收入增长并不令人意外。
As a next step, we compared Modine Manufacturing's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 14%.
下一步，我们将摩丁制造业的净收入增长与该行业进行了比较，令人高兴的是，我们发现该公司的增长高于行业平均增长14％。
Earnings growth is a huge factor in stock valuation. 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. Is MOD fairly valued? This infographic on the company's intrinsic value has everything you need to know.
收益增长是股票估值的重要因素。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。MOD 的价值是否合理？这张关于公司内在价值的信息图包含了你需要知道的一切。
Is Modine Manufacturing Efficiently Re-investing Its Profits?
摩丁制造是否有效地将其利润再投资？
Modine Manufacturing doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
Modine Manufacturing目前不支付任何定期股息，这实质上意味着它一直在将所有利润再投资于该业务。这无疑促成了我们上面讨论的高收益增长数字。
Summary
摘要
In total, we are pretty happy with Modine Manufacturing'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. 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. 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，我们对摩丁制造的表现非常满意。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。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。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。
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.
对这篇文章有反馈吗？对内容感到担忧？直接联系我们。 或者，给编辑团队 (at) simplywallst.com 发送电子邮件。
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。