Sturm, Ruger & Company, Inc.'s (NYSE:RGR) Stock Is Going Strong: Is the Market Following Fundamentals?
Sturm, Ruger & Company, Inc.'s (NYSE:RGR) Stock Is Going Strong: Is the Market Following Fundamentals?
Sturm Ruger (NYSE:RGR) has had a great run on the share market with its stock up by a significant 9.6% over the last week. 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. Specifically, we decided to study Sturm Ruger's ROE in this article.
斯特姆-魯格(紐交所:RGR)股票在股市上的漲幅達到了顯著的9.6%,表現非常出色。市場通常會爲公司的長期基本面買單,因此我們決定研究公司的關鍵績效指標,以判斷它們是否會影響市場。具體而言,我們決定在本文中研究斯特姆-魯格的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 To Calculate Return On Equity?
如何計算股東權益報酬率?
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算:
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 Sturm Ruger is:
因此,基於以上公式,斯特姆-魯格的ROE爲:
12% = US$41m ÷ US$332m (Based on the trailing twelve months to March 2024).
12%= 4190萬美元÷ 33200萬美元(基於截至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 $0.12 in profit.
“回報”是稅後收益,過去十二個月的收益。一個概念化的方式是,對於每1美元的股東資本,公司的利潤是0.12美元。
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。
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
我們已經確定roe是公司未來盈利的高效衡量標準。根據公司選擇重新投資或“保留”利潤的數量,我們可以評估公司未來盈利能力。一般來說,在其他條件相等的情況下,roe和利潤保留率高的公司比不具備這些屬性的公司增長率更高。
Sturm Ruger's Earnings Growth And 12% ROE
斯特姆-魯格的盈利增長和12%的ROE
To begin with, Sturm Ruger seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 15%. Consequently, this likely laid the ground for the decent growth of 7.6% seen over the past five years by Sturm Ruger.
首先,斯特姆-魯格似乎擁有可觀的ROE。此外,該公司的ROE類似於行業平均水平的15%。因此,這可能爲斯特姆-魯格近五年的7.6%的不俗增長奠定了基礎。
We then compared Sturm Ruger's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 15% in the same 5-year period, which is a bit concerning.
然後,我們將斯特姆-魯格的淨收入增長與該行業進行了比較,並發現公司在同一5年的增長水平低於平均行業增長率,這有點令人擔憂。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240717/0-813f3817a9babce6e89b468f08cdd6b3-0-992140468c565a59d0141d47eccbf0f2.png/big)
Earnings growth is a huge factor in stock valuation. 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. Is Sturm Ruger fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。投資者需要確定的下一步是預期的盈利增長或缺乏預期的盈利增長是否已經融入股票價格。通過這樣做,他們將了解股票是否已進入明朗的天堂或是要面對填滿沼澤的困境。斯特姆-魯格相對於其他公司是否合理定價?這三項估值指標可能會對您有所幫助。
Is Sturm Ruger Using Its Retained Earnings Effectively?
斯特姆-魯格是否有效地利用保留收益?
With a three-year median payout ratio of 40% (implying that the company retains 60% of its profits), it seems that Sturm Ruger is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
在三年的中位數股息支付率爲40%(表明公司保留了其利潤的60%),斯特姆-魯格似乎以一種有效的方式進行了再投資,以實現其收益的可觀增長並支付了一定的分紅。
Additionally, Sturm Ruger has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外,斯特姆-魯格已經連續十年支付股息,這意味着公司非常注重與股東分享盈利。
Conclusion
結論
On the whole, we feel that Sturm Ruger's performance has been quite good. 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. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. You can see the 2 risks we have identified for Sturm Ruger by visiting our risks dashboard for free on our platform here.
總的來說,我們認爲斯特姆-魯格的表現相當不錯。特別是,公司大舉投資其業務並實現了高回報率,這導致其收益表現出可觀的增長。如果公司繼續按照其目前的增長方式發展,那麼這可能會對其股價產生積極影響,因爲每股收益如何影響長期股價。請記住,股票價格也取決於風險的認知。因此,投資者必須在投資任何公司之前保持對風險的了解。您可以免費訪問我們的風險儀表板,查看我們爲斯特姆-魯格確定的兩個風險。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。