ServiceNow, Inc.'s (NYSE:NOW) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
ServiceNow, Inc.'s (NYSE:NOW) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Most readers would already be aware that ServiceNow's (NYSE:NOW) stock increased significantly by 6.2% over the past month. 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. Particularly, we will be paying attention to ServiceNow's ROE today.
大多數讀者可能已經意識到，Servicenow（紐交所：NOW）的股票在過去的一個月裏增長了6.2％。由於市場通常會爲公司的長期基本面付費，我們決定研究公司的關鍵績效指標，以查看它們是否可能影響市場。特別是我們今天將關注Servicenow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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或ROE是一項用於評估公司管理層如何利用公司資本的效率的關鍵指標。簡而言之，它用於評估公司相對於其股本資本的盈利能力。
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 ServiceNow is:
因此，根據上述公式，ServiceNow的ROE爲：
24% = US$1.9b ÷ US$8.1b (Based on the trailing twelve months to March 2024).
24％= US $1.9b ÷ US $8.1b（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. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.24.
“回報”是過去十二個月的利潤。這意味着對於其股東投資的每1美元，該公司會產生0.24美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼？
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前爲止，我們已經了解到roe是公司利潤能力的一個衡量標準，現在我們需要評估公司再投資或“保留”的利潤，以此來了解公司的增長潛力。假設其他所有因素保持不變，roe和利潤保留率越高，公司的增長速度就越高，相對於不一定具備這些特徵的公司而言。
ServiceNow's Earnings Growth And 24% ROE
Servicenow的盈利增長和24％的ROE
To begin with, ServiceNow has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 12% which is quite remarkable. Under the circumstances, ServiceNow's considerable five year net income growth of 45% was to be expected.
首先，Servicenow的ROE相當高，這很有趣。此外，公司的ROE比行業平均水平高12％，這相當引人注目。在這種情況下，Servicenow在五年內實現了45％的可觀淨收入增長，這是可以預期的。
As a next step, we compared ServiceNow'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 13%.
作爲下一步，我們與行業比較了Servicenow的淨收入增長，令人高興的是，我們發現公司的增長高於行業平均增長13％。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is NOW fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是考慮估值股票時要考慮的重要指標。投資者應努力確定是否已經定價了預期的盈利增長或下降。通過這樣做，他們將知道股票是朝着清澈的藍水前進還是等待泥濘的水域。現在是否是公平定價？該公司固有價值的這張信息圖表包含您所需的一切。
Is ServiceNow Using Its Retained Earnings Effectively?
ServiceNow有效地使用了其滯留收益嗎？
ServiceNow 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.
ServiceNow目前沒有支付任何定期股息，這基本上意味着它一直在將其所有利潤投資於業務中。這絕對有助於上述高盈利增長率的數字。
Conclusion
結論
Overall, we are quite pleased with ServiceNow'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. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說，我們對ServiceNow的表現相當滿意。特別是，看到公司大力投資於業務，並且在高回報率的同時，利潤增長也非常可觀，這非常好。儘管如此，最新分析師預測的研究表明，該公司預計未來的盈利增長將放緩。要了解有關該公司最新分析師預測的更多信息，請查看此可視化分析師對該公司的預測。
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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。