Is The Interpublic Group of Companies, Inc.'s (NYSE:IPG) Stock's Recent Performance A Reflection Of Its Financial Health?
Is The Interpublic Group of Companies, Inc.'s (NYSE:IPG) Stock's Recent Performance A Reflection Of Its Financial Health?
Interpublic Group of Companies' (NYSE:IPG) stock up by 2.3% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Interpublic Group of Companies' ROE.
Interpublic Group of Companies公司（紐約證券交易所代碼：IPG）的股票在過去一個月中上漲了2.3％。鑑於從長遠來看，市場會獎勵強勁的財務狀況，我們想知道在這種情況下是否如此。在本文中，我們決定重點關注Interpublic Group of Companies的投資回報率。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或投資回報率是股東需要考慮的重要因素，因爲它可以告訴他們資本再投資的有效性。換句話說，它揭示了公司成功地將股東投資轉化爲利潤。
How Is ROE Calculated?
ROE 是如何計算的？
ROE can be calculated by using the formula:
ROE 可以通過以下公式計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤（來自持續經營業務）÷ 股東權益
So, based on the above formula, the ROE for Interpublic Group of Companies is:
因此，根據上述公式，Interpublic Group of Companies的投資回報率爲：
28% = US$1.1b ÷ US$3.9b (Based on the trailing twelve months to March 2024).
28% = 11億美元 ÷ 39億美元（基於截至2024年3月的過去十二個月）。
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 $0.28 in profit.
“申報表” 是過去十二個月的稅後收入金額。另一種思考方式是，每持有價值1美元的股權，該公司就能獲得0.28美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係？
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 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.
到目前爲止，我們已經了解到，投資回報率是衡量公司盈利能力的指標。根據公司選擇將多少利潤進行再投資或 “保留”，我們便能夠評估公司未來創造利潤的能力。假設其他條件都一樣，與功能不相同的公司相比，具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。
A Side By Side comparison of Interpublic Group of Companies' Earnings Growth And 28% ROE
Interpublic Group of Companies的收益增長和28％的投資回報率的並排比較
To begin with, Interpublic Group of Companies has a pretty high ROE which is interesting. Second, a comparison with the average ROE reported by the industry of 14% also doesn't go unnoticed by us. Probably as a result of this, Interpublic Group of Companies was able to see a decent net income growth of 14% over the last five years.
首先，Interpublic Group of Companies的投資回報率相當高，這很有趣。其次，與該行業報告的平均投資回報率爲14％的比較也不會被我們忽視。可能是由於這個原因，Interpublic 集團公司在過去五年中得以實現14％的不錯的淨收入增長。
We then compared Interpublic Group of Companies' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 10% in the same 5-year period.
然後，我們將Interpublic Group of Companies的淨收入增長與該行業進行了比較，我們很高興地看到，該公司的增長數字比同期同期增長率爲10％的行業更高。
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). 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 Interpublic Group of Companies is trading on a high P/E or a low P/E, relative to its industry.
收益增長是對股票進行估值時要考慮的重要指標。對於投資者來說，重要的是要知道市場是否對公司的預期收益增長（或下降）進行了定價。通過這樣做，他們將知道股票是走向清澈的藍色海水還是沼澤水域在等着呢。衡量預期收益增長的一個很好的指標是市盈率，它根據收益前景決定了市場願意爲股票支付的價格。因此，您可能需要檢查Interpublic Group of Companies相對於其行業是高市盈率還是低市盈率。
Is Interpublic Group of Companies Using Its Retained Earnings Effectively?
Interpublic 集團公司是否有效使用其留存收益？
With a three-year median payout ratio of 48% (implying that the company retains 52% of its profits), it seems that Interpublic Group of Companies is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
Interpublic Group of Companies的三年派息率中位數爲48％（這意味着該公司保留了52％的利潤），看來正在進行有效的再投資，其收益將實現可觀的增長，並支付可觀的股息。
Moreover, Interpublic Group of Companies is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 48%. Accordingly, forecasts suggest that Interpublic Group of Companies' future ROE will be 26% which is again, similar to the current ROE.
此外，Interpublic Group of Companies決心繼續與股東分享利潤，這是我們從其支付股息的長期歷史中推斷出來的。根據分析師的最新估計，我們發現該公司未來三年的派息率預計將穩定在48％。因此，預測表明，Interpublic Group of Companies的未來投資回報率將爲26％，與當前的投資回報率相似。
Conclusion
結論
Overall, we are quite pleased with Interpublic Group of Companies' performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總體而言，我們對Interpublic Group of Companies的表現非常滿意。特別是，很高興看到該公司正在對其業務進行大量投資，再加上高回報率，這爲其收益帶來了可觀的增長。話雖如此，正如分析師目前的估計所預測的那樣，該公司的收益增長預計將放緩。要詳細了解分析師對公司的最新預測，請查看該公司的分析師預測的可視化。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。