Is Sprouts Farmers Market, Inc.'s (NASDAQ:SFM) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Is Sprouts Farmers Market, Inc.'s (NASDAQ:SFM) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Sprouts Farmers Market's (NASDAQ:SFM) stock is up by a considerable 30% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Sprouts Farmers Market's ROE in this article.
在過去的三個月中，Sprouts Farmers Market (納斯達克:SFM)的股票上漲了30%。考慮到公司的出色表現，我們決定更仔細地研究一下其財務指標，因爲一家公司的長期財務健康狀況通常決定了市場結果。特別是，在本文中，我們決定研究Sprouts Farmers Market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 To Calculate Return On Equity?
如何計算股東權益報酬率？
The formula for ROE is:
roe的公式是：
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 Sprouts Farmers Market is:
因此，根據上述公式，Sprouts Farmers Market的roe爲:
25% = US$297m ÷ US$1.2b (Based on the trailing twelve months to March 2024).
25% = 2.97億美元 ÷ 12億美元 (基於截至2024年三月的過去十二個月)。
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.25 in profit.
'回報'是過去十二個月的利潤。一個概念化這個情況的方法是說，對於每1美元的股東資本，公司創造了0.25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。
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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 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.
因此，我們已經了解到ROE衡量公司如何高效地創造利潤。根據公司重新投資或“保留”的利潤數量以及其有效性，我們隨後能夠評估公司的收益增長潛力。假設其他所有因素均保持不變，則ROE和利潤保留率越高，相對於不一定具備這些特徵的公司，公司的增長率就越高。
Sprouts Farmers Market's Earnings Growth And 25% ROE
Sprouts Farmers Market 的盈利增長和25%的roe
Firstly, we acknowledge that Sprouts Farmers Market has a significantly high ROE. Additionally, the company's ROE is higher compared to the industry average of 12% which is quite remarkable. This likely paved the way for the modest 10% net income growth seen by Sprouts Farmers Market over the past five years.
首先，我們承認Sprouts Farmers Market有一個非常高的roe。此外，公司的roe比12%的行業平均水平更高，這是相當顯著的。這可能爲Sprouts Farmers Market過去五年間10%的淨收入增長鋪平了道路。
As a next step, we compared Sprouts Farmers Market's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 14% in the same period.
作爲下一步，我們將Sprouts Farmers Market的淨收入增長與行業進行了比較，看到公司的增長低於同期14%的行業平均增長，我們感到失望。
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Sprouts Farmers Market is trading on a high P/E or a low P/E, relative to its industry.
盈利增長是估值一隻股票時需要考慮的重要指標。下一步，投資者需要確定的是，預期的盈利增長或其缺乏是否已經反映在股價中。通過這樣做，他們將會對股票是前進在清澈的水域還是面對溼地泥沼有一個想法。預期盈利增長的一個好指標是市盈率，它根據收益前景確定市場願意爲一隻股票支付的價格。因此，您可能想查看Sprouts Farmers Market相對於其行業是高市盈率還是低市盈率交易。
Is Sprouts Farmers Market Efficiently Re-investing Its Profits?
Sprouts Farmers Market是否有效地重新投資其利潤？
Sprouts Farmers Market doesn't pay any regular dividends, meaning that all of its profits are being reinvested in the business, which explains the fair bit of earnings growth the company has seen.
Sprouts Farmers Market不支付任何常規股息，這意味着其所有利潤都被重新投資到業務中，這解釋了公司看到的相當大的盈利增長。
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 Sprouts Farmers Market's 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 a good amount of growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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，我們認爲Sprouts Farmers Market的表現相當不錯。特別地，我們喜歡公司高比率地重新投資其利潤，這當然導致了公司收益的相當大的增長。儘管如此，公司的盈利增長預計將會減緩，如當前分析師所預測的。要了解有關該公司最新分析師預測的更多信息，請查看此可視化的分析師預測。
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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。