Is Broadstone Net Lease, Inc.'s (NYSE:BNL) Recent Stock Performance Influenced By Its Financials In Any Way?
Is Broadstone Net Lease, Inc.'s (NYSE:BNL) Recent Stock Performance Influenced By Its Financials In Any Way?
Most readers would already know that Broadstone Net Lease's (NYSE:BNL) stock increased by 4.7% over the past three months. 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. Particularly, we will be paying attention to Broadstone Net Lease's ROE today.
大多數讀者可能已經知道，Broadstone Net Lease（紐約證券交易所：BNL）的股價在過去三個月中增長了4.7%。我們想知道公司財務狀況在價格變動中是否扮演了什麼角色，因爲公司的長期基本面通常決定市場結果。特別是，我們將關注Broadstone Net Lease今天的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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
roe或股東權益回報率是評估公司如何有效地從股東那裏獲得回報的有用工具。簡而言之，它用於評估公司相對於其權益資本的盈利能力。
How Is ROE Calculated?
淨資產收益率怎麼計算？
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 Broadstone Net Lease is:
因此，根據以上公式，Broadstone Net Lease的roe爲：
5.9% = US$190m ÷ US$3.2b (Based on the trailing twelve months to March 2024).
5.9% = US$190m ÷ US$3.2b（根據2024年3月的過去十二個月）
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.06 in profit.
“回報”是稅後在過去十二個月內獲得的收益額。理解這一點的一種方式是，對於每1美元的股東資本，公司賺取了0.06美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
既然我們已經確定ROE是一種有效的利潤生成標準，用於評估公司未來的盈利能力，我們現在需要評估公司“保留”爲未來增長而重新投資的利潤多少，這使我們對公司的增長潛力有了一個了解。一般而言，在其他條件相等的情況下，ROE和利潤留存高的公司，增長率比沒有這些屬性的公司要高。
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 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ROE是一家公司盈利能力的衡量標準。基於公司選擇重新投資或“保留”的利潤的數量，我們隨後能夠評估公司未來產生利潤的能力。假設其他所有條件不變，ROE和利潤保留越高，增長率就相對較高，與那些可能不具備這些特徵的公司相比，增長更快。
Broadstone Net Lease's Earnings Growth And 5.9% ROE
Broadstone Net Lease的盈利增長和5.9%的roe
At first glance, Broadstone Net Lease's ROE doesn't look very promising. However, its ROE is similar to the industry average of 5.9%, so we won't completely dismiss the company. Looking at Broadstone Net Lease's exceptional 23% five-year net income growth in particular, we are definitely impressed. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.
在第一眼看來，Broadstone Net Lease的roe看起來並不是很有前途。然而，它的roe與行業平均值5.9%相似，因此我們不會完全否認這家公司。特別是，考慮到Broadstone Net Lease特殊的23%五年淨收入增長，我們肯定印象深刻。考慮到相對較低的roe，很可能還有其他方面正在積極影響公司的盈利增長。例如，公司具有低的派息比率或正在高效管理。
As a next step, we compared Broadstone Net Lease'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 7.6%.
作爲下一步，我們將Broadstone Net Lease的淨收入增長與行業進行比較，令人欣慰的是，我們發現公司的增長率高於平均行業增長率7.6%。
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 BNL fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的盈利增長或下降（無論哪種情況），是否已經反映在股票價格中。這樣做將有助於他們確定股票的未來看起來是有前途還是不祥。BNL的價值是否公正？該公司的內在價值信息圖表上有你所需要的一切。
Is Broadstone Net Lease Using Its Retained Earnings Effectively?
Broadstone Net Lease是否有效地利用了其留存收益？
Broadstone Net Lease seems to be paying out most of its income as dividends judging by its three-year median payout ratio of 65%, meaning the company retains only 35% of its income. However, this is typical for REITs as they are often required by law to distribute most of their earnings. Despite this, the company's earnings have grown significantly as we saw above.
從其三年的中位數派息比率來看，Broadstone Net Lease似乎將大部分收入作爲股息支付，這意味着公司只保留了35%的收入。然而，這在信託行業是很典型的，因爲它們通常被法律要求分配大部分收益。儘管如此，正如我們所看到的，該公司的盈利增長已經顯著增長。
Besides, Broadstone Net Lease has been paying dividends over a period of four years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 171% over the next three years. However, the company's ROE is not expected to change by much despite the higher expected payout ratio.
此外，Broadstone Net Lease已經連續四年支付股息。這表明公司致力於與股東分享利潤。在研究最新的分析師共識數據後，我們發現該公司未來的派息比率預計將在未來三年內上升至171%。但是，儘管預計派息比率將更高，但該公司的roe預計不會發生太大變化。
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。
In total, it does look like Broadstone Net Lease has some positive aspects to its business. Namely, its high earnings growth. We do however feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings and paid out less dividends. That being so, according to the latest industry analyst forecasts, the company's earnings are expected to shrink in the future. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說，Broadstone Net Lease的業務有一些積極方面，特別是其高盈利增長。但是，我們確實認爲，如果公司將更多的盈利再投資並支付較少的股息，盈利增長數字可能會更高。即便如此，根據最新的行業分析師預測，該公司的盈利預計未來將會下降。要了解更多有關該公司最新分析師預測的信息，請查看該公司分析師預測的可視化效果。
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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
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譯文內容由第三人軟體翻譯。