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Is Dycom Industries, Inc.'s (NYSE:DY) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Is Dycom Industries, Inc.'s (NYSE:DY) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

紐交所的Dycom Industries, Inc.(NYSE:DY)的股票最近的表現是由其良好的財務前景引領的嗎?
Simply Wall St ·  06/20 23:53

Most readers would already be aware that Dycom Industries' (NYSE:DY) stock increased significantly by 19% 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. In this article, we decided to focus on Dycom Industries' ROE.

大多數讀者可能已經意識到,Dycom Industries(NYSE:DY)的股票在過去三個月內顯著增長了19%。鑑於市場通常爲一家公司的長期基本面付費,我們決定研究該公司的關鍵業績指標,以確定其是否影響市場。在本文中,我們決定重點關注戴康工業的roe。

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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.

roe指股東權益回報率,是一種有用的工具,用於評估公司如何有效地從股東獲得的投資中產生回報。簡單來說,這衡量了一家公司相對於股東權益的盈利能力。

How Do You Calculate Return On Equity?

怎樣計算ROE?

The formula for return on equity is:

權益回報率的計算公式是:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

淨資產收益率 = 淨利潤(從持續經營中獲得)÷ 股東權益

So, based on the above formula, the ROE for Dycom Industries is:

因此,根據上述公式,戴康工業的roe爲:

21% = US$230m ÷ US$1.1b (Based on the trailing twelve months to April 2024).

21% = US$230m ÷ US$1.1b(截至2024年4月的過去十二個月)。

The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.21 in profit.

所謂“回報”是指過去十二個月稅後收益,這意味着對於每1美元股東權益,公司產生了0.21美元的利潤。

What Has ROE Got To Do With Earnings Growth?

ROE與盈利增長有什麼關係?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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.

我們已經確定了roe作爲衡量公司未來收益的有效收益率。現在我們需要評估公司再投資或“保留”的利潤,以便了解公司的增長潛力。假設其他一切不變,ROE和利潤保留率越高,公司的增長率就越高,而與不一定具備這些特徵的公司相比。

Dycom Industries' Earnings Growth And 21% ROE

戴康工業的收益增長和21%的roe

To start with, Dycom Industries' ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 12%. Probably as a result of this, Dycom Industries was able to see an impressive net income growth of 41% over the last five years. However, there could also be other causes behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.

首先,戴康工業的roe看起來是可接受的。此外,公司的roe與行業平均水平相比相當有利。可能是因爲這個原因,戴康工業在過去五年中能夠看到驚人的淨收入增長41%。但是,這種增長背後也可能有其他原因。例如,該公司具有較低的派息比率或經營效率較高。

Next, on comparing with the industry net income growth, we found that Dycom Industries' growth is quite high when compared to the industry average growth of 20% in the same period, which is great to see.

接下來,通過與行業淨收入增長的比較,我們發現戴康工業的增長在同期的行業平均增長20%相比相當高,這是非常好的。

past-earnings-growth
NYSE:DY Past Earnings Growth June 20th 2024
NYSE:DY過去的收益增長(截至2024年6月20日)

Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is Dycom Industries fairly valued compared to other companies? These 3 valuation measures might help you decide.

收益增長是股票估值中的一個重要因素。投資者需要進一步判斷的是,預期的收益增長或其缺乏是否已經反映在股價中。這樣做將有助於他們確定股票的未來前景是有前途還是不樂觀。戴康工業與其他公司相比是否公平價值?這3個估值指標可能會幫助您做出決策。

Is Dycom Industries Making Efficient Use Of Its Profits?

戴康工業是否有效利用其利潤?

Dycom Industries 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.

目前,戴康工業沒有支付任何常規股息,這基本上意味着它一直在將其所有利潤再投資到業務中。這絕對有助於上述高收益增長數字的產生。

Summary

總的來說,我們對偉明環保的表現非常滿意。具體而言,我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然,這導致公司的收益大幅增長。但是,最新的行業分析師預測表明,該公司的收益預計將加速增長。

On the whole, we feel that Dycom Industries' performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial 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. 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,我們認爲戴康工業的表現相當不錯。具體而言,我們喜歡公司以高回報率再投資了大量利潤這一點。當然,這導致了公司收益的大幅增長。儘管如此,對最新分析師預測的研究表明,該公司未來的收益增長將放緩。這些分析師預測基於行業的整體預期,還是公司的基本面?點擊這裏進入公司分析師預測頁面。

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.

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。

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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