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Do Its Financials Have Any Role To Play In Driving WD-40 Company's (NASDAQ:WDFC) Stock Up Recently?

Do Its Financials Have Any Role To Play In Driving WD-40 Company's (NASDAQ:WDFC) Stock Up Recently?

最近WD-40公司(納斯達克股票代號WDFC)的股票上漲與其財務狀況是否發揮了作用?
Simply Wall St ·  10/26 21:47

WD-40's (NASDAQ:WDFC) stock is up by a considerable 6.1% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on WD-40's ROE.

WD-40(納斯達克:WDFC)的股票在過去一週大幅上漲了6.1%。 我們想知道公司的財務狀況是否對股價變化起到了作用,因爲一家公司的長期基本面通常決定了市場的結果。 在本文中,我們決定專注於WD-40的roe。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.

ROE,即淨資產收益率,測試一家公司有效增加價值和管理股東資金的能力。換句話說,它揭示了公司將股東投資轉化爲利潤的成功程度。

How Is ROE Calculated?

淨資產收益率怎麼計算?

The formula for return on equity is:

權益回報率的計算公式是:

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 WD-40 is:

因此,根據上述公式,WD-40的roe爲:

30% = US$70m ÷ US$231m (Based on the trailing twelve months to August 2024).

30% = 7,000萬美元 ÷ 23,100萬美元(基於2024年8月的過去十二個月)。

The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.30 in profit.

「回報」是每年的利潤。 另一種理解方式是,對於每1美元的淨資產,公司能夠賺取0.30美元的利潤。

What Is The Relationship Between ROE And Earnings Growth?

ROE與盈利增長之間的關係是什麼?

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。

WD-40's Earnings Growth And 30% ROE

wd-40的盈利增長和30%的roe

To begin with, WD-40 has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 19% which is quite remarkable. Yet, WD-40 has posted measly growth of 3.2% over the past five years. This is generally not the case as when a company has a high rate of return it should usually also have a high earnings growth rate. We reckon that a low growth, when returns are quite high could be the result of certain circumstances like low earnings retention or or poor allocation of capital.

首先,WD-40具有相當高的roe,這很有趣。此外,該公司的roe較行業平均水平19%更高,這相當出色。然而,在過去五年中,WD-40的增長率僅爲3.2%。通常情況下,當一家公司回報率很高時,它通常也應具有較高的盈利增長率。我們認爲,當回報率相當高時低增長率可能是某些情況的結果,例如低盈利保留或資本配置不佳。

As a next step, we compared WD-40's 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 3.2% in the same period.

作爲下一步,我們將WD-40的淨利潤增長同行業進行了比較,發現該公司在同期與行業平均增長率3.2%相比具有類似的增長數字。

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NasdaqGS:WDFC Past Earnings Growth October 26th 2024
納斯達克WDFC過去的盈利增長情況於2024年10月26日

Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is WD-40 fairly valued compared to other companies? These 3 valuation measures might help you decide.

收益增長是評估股票價值時要考慮的重要指標。投資者需要知道市場是否已經將公司預期的盈利增長(或下降)計入價格。這有助於幫助他們判斷股票未來是光明還是暗淡。與其他公司相比,WD-40的估值是否合理?以下這三個估值指標可能會幫助您做出決定。

Is WD-40 Using Its Retained Earnings Effectively?

WD-40是否有效利用其留存收益?

The high three-year median payout ratio of 68% (that is, the company retains only 32% of its income) over the past three years for WD-40 suggests that the company's earnings growth was lower as a result of paying out a majority of its earnings.

過去三年中,WD-40的高三年中位數分紅比率爲68%(即公司僅保留32%的收入),這表明公司通過支付大部分收入而使盈利增長較低。

Additionally, WD-40 has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth.

此外,WD-40至少在過去十年中支付了股息,這意味着公司管理層決心支付股息,即使這意味着幾乎沒有盈利增長。

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 do feel that WD-40 has some positive attributes. Its earnings have grown respectably as we saw earlier, which was likely due to the company reinvesting its earnings at a pretty high rate of return. However, given the high ROE, we do think that the company is reinvesting a small portion of its profits. This could likely be preventing the company from growing to its full extent. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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.

整體來看,我們確實認爲wd-40有一些積極特徵。其收入已經得到了尊重,正如我們之前看到的,很可能是由於公司以相當高的回報率再投資其收入。然而,鑑於高ROE,我們認爲公司將利潤的一小部分再投資。這可能會阻止公司實現其全部潛力。話雖如此,最新的行業分析師預測顯示公司的收入預計會加速增長。這些分析師的預期是基於該行業的廣泛預期,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查看更多。

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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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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