Crane NXT, Co.'s (NYSE:CXT) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Crane NXT, Co.'s (NYSE:CXT) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Crane NXT (NYSE:CXT) has had a rough three months with its share price down 7.2%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study Crane NXT's ROE in this article.
Crane nXt(紐約證券交易所代碼:CXT)經歷了艱難的三個月,其股價下跌了7.2%。但是,如果你密切關注,你可能會發現,鑑於市場通常會獎勵財務狀況良好的公司,其強勁的財務狀況可能意味着該股的長期價值可能會增加。具體而言,我們決定在本文中研究Crane NXT的投資回報率。
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。換句話說,它是衡量公司股東提供的資本回報率的盈利比率。
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for return on equity is:
股本回報率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Crane NXT is:
因此,根據上述公式,Crane NXT的投資回報率爲:
18% = US$181m ÷ US$990m (Based on the trailing twelve months to June 2024).
18% = 1.81億美元 ÷ 9.9億美元(基於截至2024年6月的過去十二個月)。
The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.18.
「回報」 是每年的利潤。因此,這意味着公司每投資1美元,就會產生0.18美元的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定,投資回報率是衡量公司未來收益的有效盈利指標。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 「保留」 了多少及其有效性。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。
Crane NXT's Earnings Growth And 18% ROE
Crane NXT 的收益增長和 18% 的投資回報率
At first glance, Crane NXT seems to have a decent ROE. On comparing with the average industry ROE of 10% the company's ROE looks pretty remarkable. This probably laid the ground for Crane NXT's moderate 15% net income growth seen over the past five years.
乍一看,Crane nXt的投資回報率似乎不錯。與10%的行業平均投資回報率相比,該公司的投資回報率看起來相當可觀。這可能爲Crane NXT在過去五年中實現15%的溫和淨收入增長奠定了基礎。
Next, on comparing Crane NXT's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 14% over the last few years.
接下來,在將Crane NXT的淨收入增長與該行業進行比較時,我們發現該公司報告的增長與過去幾年14%的行業平均增長率相似。
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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. What is CXT worth today? The intrinsic value infographic in our free research report helps visualize whether CXT is currently mispriced by the market.
收益增長是股票估值的重要因素。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。今天的 cxT 值多少錢?我們的免費研究報告中的內在價值信息圖有助於直觀地了解市場目前是否對cXT進行了錯誤的定價。
Is Crane NXT Using Its Retained Earnings Effectively?
Crane nXt 能否有效使用其留存收益?
Crane NXT's three-year median payout ratio to shareholders is 13% (implying that it retains 87% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
Crane NXT的三年股東派息率中位數爲13%(這意味着它保留了收入的87%),處於較低水平,因此管理層似乎正在大量再投資利潤以發展業務。
While Crane NXT has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 14%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 22%.
儘管Crane nXt的收益有所增長,但它直到最近才開始派發股息。該公司很可能決定通過分紅給新老股東留下深刻的印象。根據分析師的最新估計,我們發現該公司未來三年的派息率預計將穩定在14%。因此,預計該公司未來的投資回報率也不會有太大變化,分析師預計投資回報率爲22%。
Summary
摘要
In total, we are pretty happy with Crane NXT'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 sizeable growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總的來說,我們對Crane NXT的表現非常滿意。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這爲其收益帶來了可觀的增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益有望增強。要了解有關公司未來收益增長預測的更多信息,請查看這份關於分析師預測的免費報告,以了解更多信息。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。