Are Robust Financials Driving The Recent Rally In Oddity Tech Ltd.'s (NASDAQ:ODD) Stock?
Are Robust Financials Driving The Recent Rally In Oddity Tech Ltd.'s (NASDAQ:ODD) Stock?
Oddity Tech's (NASDAQ:ODD) stock is up by a considerable 23% 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. In this article, we decided to focus on Oddity Tech's ROE.
過去三個月裏,Oddity Tech(納斯達克:ODD)的股價上漲了23%。鑑於該公司的出色表現,我們決定更加密切地研究其財務指標,因爲公司的長期財務狀況通常決定了市場結果。在本文中,我們決定關注Oddity Tech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 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 Oddity Tech is:
因此,根據上述公式,Oddity Tech的roe爲:
22% = US$72m ÷ US$330m (Based on the trailing twelve months to March 2024).
22%= 7200萬美元÷ 33000萬美元(基於截至2024年3月的最近十二個月)。
The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.22 in profit.
“回報”是指公司過去一年的收益。這意味着對於每美元的股東權益,該公司會產生0.22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。
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. 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.
我們已經確定ROE是衡量公司未來盈利能力的有效指標。基於公司選擇再投資或“留存”利潤的比例,我們可以評估公司未來生成利潤的能力。其他條件相同的情況下,具有更高淨資產收益率和更高利潤留存率的公司通常比沒有這些特點的公司增長率更高。
A Side By Side comparison of Oddity Tech's Earnings Growth And 22% ROE
Oddity Tech的盈利增長和22%的roe的並列比較
To begin with, Oddity Tech seems to have a respectable ROE. Especially when compared to the industry average of 14% the company's ROE looks pretty impressive. Probably as a result of this, Oddity Tech was able to see an impressive net income growth of 47% over the last five years. However, there could also be other causes behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
首先,Oddity Tech似乎具有令人敬重的roe。特別是與行業平均水平14%相比,該公司的roe看起來非常不錯。可能是由於這個原因,Oddity Tech在過去五年中的淨利潤增長了47%,看起來令人印象深刻。但是,這種增長也可能有其他原因。例如,公司的管理層可能做出了一些良好的戰略決策,或者該公司的股利支付率很低。
We then compared Oddity Tech's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 15% in the same 5-year period.
然後,我們將Oddity Tech的淨利潤增長與行業進行比較,我們很高興看到,與同一5年期內15%的行業增長率相比,該公司的增長數字更高。
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Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for ODD? You can find out in our latest intrinsic value infographic research report.
盈利增長是股票估值的一個重要因素。投資者知道市場是否已經定價了公司預期的盈利增長(或下降)非常重要。通過這樣做,他們將了解股票是進入清澈的藍色水域還是等待泥濘的水域。市場是否已經定價了ODD的未來前景?您可以在我們的最新內在價值信息圖研究報告中找到答案。
Is Oddity Tech Efficiently Re-investing Its Profits?
Oddity Tech是否有效地重新投資其利潤?
Oddity Tech 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.
Oddity Tech目前不支付任何定期股利,這意味着它一直在將其所有利潤重新投資到業務中。這絕對有助於上述高盈利增長率的實現。
Conclusion
結論
Overall, we are quite pleased with Oddity Tech's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. 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.
總的來說,我們對Oddity Tech的表現感到非常滿意。特別是我們喜歡公司高價值的重投資,並且回報率高。並不奇怪,這導致了令人印象深刻的盈利增長。但是,最新的行業分析師預測表明,該公司的盈利增長預計將放緩。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?點擊這裏進入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。