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Are Robust Financials Driving The Recent Rally In Deckers Outdoor Corporation's (NYSE:DECK) Stock?

Are Robust Financials Driving The Recent Rally In Deckers Outdoor Corporation's (NYSE:DECK) Stock?

強勁的財務狀況是否推動了Deckers Outdoor Corporation(紐約證券交易所代碼:DECK)股票最近的上漲?
Simply Wall St ·  05/21 20:09

Most readers would already be aware that Deckers Outdoor's (NYSE:DECK) stock increased significantly by 13% over the past month. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Deckers Outdoor's ROE.

大多數讀者已經意識到,Deckers Outdoor(紐約證券交易所代碼:DECK)的股票在過去一個月中大幅增長了13%。鑑於該公司的出色表現,我們決定更仔細地研究其財務指標,因爲公司的長期財務狀況通常決定市場業績。在本文中,我們決定重點介紹Deckers Outdoor的投資回報率。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. 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用於評估公司管理層利用公司資本效率的關鍵指標。換句話說,它揭示了公司成功地將股東投資轉化爲利潤。

How To Calculate Return On Equity?

如何計算股本回報率?

The formula for ROE is:

ROE 的公式是:

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 Deckers Outdoor is:

因此,根據上述公式,Deckers Outdoor的投資回報率爲:

34% = US$724m ÷ US$2.1b (Based on the trailing twelve months to December 2023).

34% = 7.24億美元 ÷ 21億美元(基於截至2023年12月的過去十二個月)。

The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.34 in profit.

“回報” 是每年的利潤。對此進行概念化的一種方法是,該公司每擁有1美元的股東資本,就會獲得0.34美元的利潤。

What Has ROE Got To Do With Earnings Growth?

投資回報率與收益增長有什麼關係?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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.

到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。

A Side By Side comparison of Deckers Outdoor's Earnings Growth And 34% ROE

Deckers Outdoor 的收益增長和 34% 的投資回報率的並排比較

First thing first, we like that Deckers Outdoor has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 11% which is quite remarkable. Probably as a result of this, Deckers Outdoor was able to see a decent net income growth of 19% over the last five years.

首先,我們喜歡 Deckers Outdoor 的投資回報率令人印象深刻。此外,該公司的投資回報率高於行業平均水平的11%,這非常引人注目。可能是由於這個原因,Deckers Outdoor在過去五年中得以實現19%的不錯的淨收入增長。

Next, on comparing with the industry net income growth, we found that Deckers Outdoor's growth is quite high when compared to the industry average growth of 15% in the same period, which is great to see.

接下來,與行業淨收入增長進行比較時,我們發現,與同期行業平均增長15%相比,Deckers Outdoor的增長相當高,這真是太好了。

past-earnings-growth
NYSE:DECK Past Earnings Growth May 21st 2024
紐約證券交易所:DECK過去的收益增長 2024年5月21日

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). Doing so will help them establish if the stock's future looks promising or ominous. Is DECK fairly valued? This infographic on the company's intrinsic value has everything you need to know.

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。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。DECK 的價值是否合理?這張關於公司內在價值的信息圖包含了你需要知道的一切。

Is Deckers Outdoor Making Efficient Use Of Its Profits?

Deckers Outdoor 能否有效利用其利潤?

Given that Deckers Outdoor 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.

鑑於Deckers Outdoor不向其股東支付任何定期股息,我們推斷該公司一直在將其所有利潤再投資以發展業務。

Summary

摘要

In total, we are pretty happy with Deckers Outdoor's 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. 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.

總的來說,我們對Deckers Outdoor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。這些分析師的預期是基於對該行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們分析師對公司的預測頁面。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。


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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