Is Veeva Systems Inc.'s (NYSE:VEEV) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Is Veeva Systems Inc.'s (NYSE:VEEV) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Most readers would already be aware that Veeva Systems' (NYSE:VEEV) stock increased significantly by 17% over the past three months. 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. In this article, we decided to focus on Veeva Systems' ROE.
大多數讀者可能已經注意到,veeva systems(紐交所:veev)的股價在過去三個月裏大幅上漲了17%。由於市場通常會對一家公司的長期基本面付費,我們決定研究該公司的關鍵績效指標,看看它們是否可能影響市場。在本文中,我們決定重點關注veeva systems的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東要考慮的關鍵因素之一是淨資產收益率或roe,因爲它告訴他們公司如何有效地重新投資他們的資本。簡單點說,它衡量了公司與股東權益相關的盈利能力。
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 Veeva Systems is:
因此,根據上述公式,veeva systems的roe爲:
12% = US$615m ÷ US$5.2b (Based on the trailing twelve months to July 2024).
12% = 61500萬美元 ÷ 52億美元(基於2024年7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。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定,roe可以作爲一種有效的衡量公司未來盈利能力的指標。現在我們需要評估公司再投資或「保留」的利潤有多少,這就給我們提供了有關公司增長潛力的想法。假設其他一切不變,roe和利潤保留率越高,公司的增長率就越高,而不一定具備這些特徵的公司相比。
Veeva Systems' Earnings Growth And 12% ROE
veeva systems的盈利增長和12%的roe
At first glance, Veeva Systems seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 5.3%. Probably as a result of this, Veeva Systems was able to see a decent growth of 14% over the last five years.
乍一看,veeva systems的roe似乎還不錯。此外,該公司的roe與行業平均水平相比也相當有優勢,行業平均水平爲5.3%。可能正是因爲如此,veeva systems在過去五年中能夠實現14%的不錯增長。
As a next step, we compared Veeva Systems' net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 15% in the same period.
作爲下一步,我們將veeva systems的淨利潤增長與行業進行了比較,並發現在同一期間,該公司的增長數據與行業平均增長率相當。行業平均增長率爲15%。
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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. This then helps them determine if the stock is placed for a bright or bleak future. Is VEEV fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是股票估值的一個重要因素。投資者需要判斷的是預期的盈利增長,或者缺乏盈利增長,是否已經反映在股價中。這有助於他們判斷股票是處於光明還是黯淡的未來。VEEV公司的估值合理嗎?這份關於公司內在價值的信息圖,包含了你所需要了解的一切內容。
Is Veeva Systems Efficiently Re-investing Its Profits?
Veeva Systems是否有效地將其利潤再投資?
Veeva Systems 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.
Veeva Systems不支付普通的分紅派息,意味着其所有利潤都被再投資到業務中,這解釋了該公司所見到的相當大的盈利增長。
Conclusion
結論
In total, we are pretty happy with Veeva Systems' performance. 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 substantial growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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.
總體而言,我們對Veeva Systems的業績非常滿意。尤其是,我們喜歡該公司以高回報率再投資了大部分利潤,這導致了該公司盈利的大幅增長。最新的行業分析師預測顯示,該公司預計將保持其目前的增長率。這些分析師的預期是基於對整個行業的廣泛期望,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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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。
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