Is Dynatrace, Inc.'s (NYSE:DT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Dynatrace, Inc.'s (NYSE:DT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Dynatrace's (NYSE:DT) stock is up by a considerable 6.0% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Dynatrace's ROE.
在過去的一個月中，Dynatrace（紐約證券交易所代碼：DT）的股票上漲了6.0％。我們想知道公司的財務狀況在價格變動中是否起着什麼作用，因爲公司的長期基本面通常決定市場業績。在這篇文章中，我們決定重點介紹Dynatrace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. 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，它是衡量公司股東提供的資本回報率的盈利比率。
How Do You Calculate Return On Equity?
你如何計算股本回報率？
The formula for return on equity is:
股本回報率的公式是：
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 Dynatrace is:
因此，根據上述公式，Dynatrace的投資回報率爲：
7.7% = US$155m ÷ US$2.0b (Based on the trailing twelve months to March 2024).
7.7% = 1.55億美元 ÷ 20億美元（基於截至2024年3月的過去十二個月）。
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.08 in profit.
“回報” 是過去十二個月的利潤。將其概念化的一種方法是，公司每擁有1美元的股東資本，就會獲得0.08美元的利潤。
Why Is ROE Important For Earnings Growth?
爲什麼投資回報率對收益增長很重要？
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. 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。一般而言，在其他條件相同的情況下，股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
Dynatrace's Earnings Growth And 7.7% ROE
Dynatrace 的收益增長和 7.7% 的投資回報率
At first glance, Dynatrace's ROE doesn't look very promising. Next, when compared to the average industry ROE of 12%, the company's ROE leaves us feeling even less enthusiastic. In spite of this, Dynatrace was able to grow its net income considerably, at a rate of 64% in the last five years. We reckon that there could be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看，Dynatrace的投資回報率看起來並不十分樂觀。接下來，與12％的行業平均投資回報率相比，該公司的投資回報率使我們感到不那麼熱情。儘管如此，Dynatrace還是得以大幅增長其淨收入，在過去五年中增長了64％。我們認爲這裏可能還有其他因素在起作用。例如，該公司的派息率很低或管理得很高效。
We then compared Dynatrace's 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 13% in the same 5-year period.
然後，我們將Dynatrace的淨收入增長與該行業進行了比較，我們很高興地看到，與同期同期增長13％的行業相比，該公司的增長數字更高。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is DT fairly valued? This infographic on the company's intrinsic value has everything you need to know.
收益增長是股票估值的重要因素。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。然後，這可以幫助他們確定股票是爲光明還是暗淡的未來而佈局。DT 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 Dynatrace Using Its Retained Earnings Effectively?
Dynatrace 是否有效地使用了其留存收益？
Dynatrace doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Dynatrace不定期向股東支付任何股息，這意味着該公司一直在將所有利潤再投資於該業務。這可能是推動上述高收益增長數字的原因。
Summary
摘要
Overall, we feel that Dynatrace certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. 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.
總的來說，我們認爲Dynatrace確實有一些積極的因素需要考慮。儘管回報率很低，但由於對業務進行了大量再投資，該公司的收益增長令人印象深刻。既然如此，對分析師最新預測的研究表明，預計該公司未來的收益增長將放緩。要了解有關公司未來收益增長預測的更多信息，請查看這份關於分析師預測的免費報告，以了解更多信息。
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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。