Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
It is hard to get excited after looking at Apogee Enterprises' (NASDAQ:APOG) recent performance, when its stock has declined 11% over the past month. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. In this article, we decided to focus on Apogee Enterprises' ROE.
apogee enterprises (納斯達克:APOG)的表現近一個月下跌了11％，這讓人難以激動。但是，對其穩健的財務狀況進行更深入的分析可能會讓您重新考慮。鑑於基本面通常決定了長期市場表現，因此值得關注該公司。在本文中，我們決定重點關注Apogee Enterprises（apogee enterprises）的ROE。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或roe是評估公司管理層如何有效利用公司資本的關鍵指標。簡而言之，ROE顯示每美元股東投資所產生的利潤。
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 Apogee Enterprises is:
因此，根據上述公式，Apogee Enterprises的ROE爲：
21% = US$100m ÷ US$471m (Based on the trailing twelve months to March 2024).
21％=100美元/471美元（基於截至2024年3月的過去12個月）。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.21 in profit.
“回報”是過去12個月的利潤，這意味着對於每1美元的股東權益，公司產生了0.21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. 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 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 ROE 是衡量公司盈利能力的指標。根據公司再投資或“保留”的這些利潤的數量以及其有效性，我們可以評估公司的盈利增長潛力。假設其他都相同，ROE 和利潤保留較高的公司通常具有更高的增長率，與那些沒有這些特點的公司相比。
A Side By Side comparison of Apogee Enterprises' Earnings Growth And 21% ROE
Apogee Enterprises收益增長和21％的ROE的並排比較
To start with, Apogee Enterprises' ROE looks acceptable. Even when compared to the industry average of 19% the company's ROE looks quite decent. This certainly adds some context to Apogee Enterprises' exceptional 21% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
首先，Apogee Enterprises的ROE看起來是可以接受的。即使與19％的行業平均水平相比，該公司的ROE看起來也相當不錯。這無疑爲Apogee Enterprises過去五年傑出的21％淨利潤增長增添了一些背景。我們認爲可能還有其他積極影響公司收益增長的因素，例如高收益保留或有效的管理。
Next, on comparing with the industry net income growth, we found that Apogee Enterprises' growth is quite high when compared to the industry average growth of 14% in the same period, which is great to see.
接下來，與行業淨收入增長相比，我們發現Apogee Enterprises的增長相當高，當期行業平均增長爲14％，這是非常好的。
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. This then helps them determine if the stock is placed for a bright or bleak future. What is APOG worth today? The intrinsic value infographic in our free research report helps visualize whether APOG is currently mispriced by the market.
收益增長是股票估值的重要因素。投資者應嘗試確定預期的盈利增長或下降，無論哪種情況，這些都已定價。然後，這有助於他們確定股票是面臨光明還是黯淡的未來。APOG今天值多少錢？我們免費的研究報告中的內在價值信息圖可用於可視化APOG當前是否被市場錯誤定價。
Is Apogee Enterprises Making Efficient Use Of Its Profits?
Apogee Enterprises是否有效利用其利潤？
Apogee Enterprises has a three-year median payout ratio of 25% (where it is retaining 75% of its income) which is not too low or not too high. By the looks of it, the dividend is well covered and Apogee Enterprises is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
Apogee Enterprises的中位數支付比率爲25％（其中保留了其75％的收入），既不太低也不太高。看起來，股息已有良好的覆蓋率，而Apogee Enterprises正在有效地再投資其利潤，正如我們上面討論的業績增長一樣。
Besides, Apogee Enterprises has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
此外，Apogee Enterprises至少十年以上一直在支付股息。這表明該公司致力於與股東分享利潤。
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, we are pretty happy with Apogee Enterprises' 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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
總體而言，我們對Apogee Enterprises的表現相當滿意。特別是，很高興看到該公司在大量投資業務方面，並伴隨着高回報率，其業績增長非常可觀。儘管如此，最新的行業分析師預測顯示該公司的業績增長預計將放緩。這些分析師的預期是基於行業的廣泛預期，還是基於公司的基本面？單擊此處，訪問我們的分析師預測頁面。
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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
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譯文內容由第三人軟體翻譯。