Could The Market Be Wrong About Knife River Corporation (NYSE:KNF) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About Knife River Corporation (NYSE:KNF) Given Its Attractive Financial Prospects?
With its stock down 12% over the past three months, it is easy to disregard Knife River (NYSE:KNF). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Knife River's ROE today.
隨着過去三個月股價下跌12％，很容易忽略Knife River（紐交所：KNF）。 然而，股價通常受公司長期的財務表現推動，而在這種情況下，看起來相當有前途。 特別是，我們今天將關注Knife River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 Is ROE Calculated?
淨資產收益率怎麼計算？
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算：
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 Knife River is:
因此，根據上述公式，Knife River的roe爲：
14% = US$177m ÷ US$1.2b (Based on the trailing twelve months to March 2024).
14％= 1.2b美元（截至2024年3月的過去十二個月）÷ 1.77億美元。
The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.14 in profit.
'回報'是過去十二個月的利潤。 另一種思考方式是，對於每1美元的股本，該公司能夠賺取0.14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. 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ROE是衡量公司盈利能力的一個指標。現在我們需要評估公司再投資或“保留”未來增長所需的利潤，然後我們可以大致了解公司的增長潛力。一般來說，在其他條件相等的情況下，具有高ROE和利潤保留的公司比沒有這些屬性的公司具有更高的增長率。
A Side By Side comparison of Knife River's Earnings Growth And 14% ROE
Knife River盈利增長和14％的roe的對比
To begin with, Knife River seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 15%. This certainly adds some context to Knife River's moderate 8.0% net income growth seen over the past five years.
首先，Knife River似乎擁有可觀的roe。 此外，該公司的roe與行業平均值15％相似。 在過去5年中，這無疑爲Knife River適度的淨收入增長增添了一些背景。
We then compared Knife River's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 21% in the same 5-year period, which is a bit concerning.
然後，我們將Knife River的淨收入增長與行業進行了比較，發現該公司的增長數據低於同一5年期間21％的平均行業增長率，這有點令人擔憂。
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 KNF fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是考慮股票估值時要考慮的重要指標。 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），是否定價。 這樣做，他們將知道該股票是否即將進入清晰的藍色水域，或者沼澤地等待。 KNF是否公平價值？該公司內在價值的信息圖表有您需要知道的一切。
Is Knife River Making Efficient Use Of Its Profits?
Knife River是否有效利用其利潤？
Given that Knife River doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
考慮到Knife River不向股東支付任何定期股息，我們推斷該公司一直在重新投資其所有利潤以發展業務。
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。
Overall, we are quite pleased with Knife River'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 respectable growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總體而言，我們對Knife River的表現感到相當滿意。 特別是，看到該公司大力投資業務和高回報率，這導致了其盈利的可觀增長。 據最新的行業分析師預測顯示，該公司的盈利預計將加速。 要了解有關該公司最新分析師預測的更多信息，請查看該公司的分析師預測可視化。
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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。