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Are Strong Financial Prospects The Force That Is Driving The Momentum In Cal-Maine Foods, Inc.'s NASDAQ:CALM) Stock?

Are Strong Financial Prospects The Force That Is Driving The Momentum In Cal-Maine Foods, Inc.'s NASDAQ:CALM) Stock?

強勁的財務前景是推動納斯達克CALM)股票勢頭的力量嗎?
Simply Wall St ·  10/30 19:45

Most readers would already be aware that Cal-Maine Foods' (NASDAQ:CALM) stock increased significantly by 26% 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. Specifically, we decided to study Cal-Maine Foods' ROE in this article.

大多數讀者可能已經意識到cal-maine foods(納斯達克:CALM)的股價在過去三個月內顯著增長了26%。鑑於公司的出色表現,我們決定更仔細地研究其財務指標,因爲公司的長期財務健康通常決定市場結果。具體來說,我們決定在本文中研究cal-maine foods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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

對於股東來說,股東回報率(ROE)是一個重要的考慮因素,因爲它告訴股東他們的資本被有效地再投資了多少。換句話說,它是一個衡量公司股東提供的資本回報率的盈利能力比率。

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 Cal-Maine Foods is:

因此,基於上述公式,Cal-Maine Foods的roe爲:

22% = US$425m ÷ US$1.9b (Based on the trailing twelve months to August 2024).

22% = 42500萬美元 ÷ 19億美元(截至2024年8月的過去十二個月)。

The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.22 in profit.

『回報』即是企業在過去一年內賺取的收入。概念化的一種方法是,對於每1美元的股東資本,公司獲利0.22美元。

What Is The Relationship Between ROE And Earnings Growth?

ROE與盈利增長之間的關係是什麼?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.

到目前爲止,我們已經知道roe衡量公司生成利潤的效率。根據公司選擇再投資或「保留」的利潤的多少,我們能夠評估公司未來生成利潤的能力。一般而言,在其他條件相等的情況下,roe和盈利保留較高的公司,比沒有這些屬性的公司增長率更高。

Cal-Maine Foods' Earnings Growth And 22% ROE

Cal-Maine Foods的盈利增長和22%的roe

To start with, Cal-Maine Foods' ROE looks acceptable. Especially when compared to the industry average of 14% the company's ROE looks pretty impressive. This probably laid the ground for Cal-Maine Foods' significant 56% net income growth seen over the past five years. However, there could also be other causes behind this growth. Such as - high earnings retention or an efficient management in place.

首先,Cal-Maine Foods的roe看起來是可以接受的。尤其是與行業平均14%相比,公司的roe看起來相當令人印象深刻。這可能爲過去五年中Cal-Maine Foods顯著的56%淨利潤增長奠定了基礎。然而,這種增長背後也可能有其他原因。例如 - 高淨利潤留存率或有效的管理機制。

Next, on comparing with the industry net income growth, we found that Cal-Maine Foods' growth is quite high when compared to the industry average growth of 8.2% in the same period, which is great to see.

接下來,與行業淨利潤增長相比,我們發現Cal-Maine Foods的增長相當高,與同期行業平均增長率8.2%相比,這是非常值得注意的。

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NasdaqGS:CALM Past Earnings Growth October 30th 2024
納斯達克納斯達克:CALm過去盈利增長2024年10月30日

Earnings growth is an important metric to consider when valuing a stock. 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. What is CALM worth today? The intrinsic value infographic in our free research report helps visualize whether CALM is currently mispriced by the market.

盈利增長是考量股票價值的重要指標。投資者需要接下來判斷的是,預期盈利增長是否已經融入股價,或者相反,是否還未反映在股價中。通過這樣做,他們將了解股票是前往清澈藍水,還是前往沼澤水域。CALm今日價值是多少?我們免費研究報告中的內在價值信息圖表可以幫助了解CALm當前是否被市場錯誤定價。

Is Cal-Maine Foods Using Its Retained Earnings Effectively?

Cal-Maine Foods是否有效利用其留存收益?

Cal-Maine Foods has a three-year median payout ratio of 33% (where it is retaining 67% of its income) which is not too low or not too high. So it seems that Cal-Maine Foods is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.

cal-maine foods的三年中位數股利支付比率爲33%(保留67%的收入),既不太低也不太高。因此,看起來Cal-Maine Foods以一種有效的方式再投資,實現盈利增長(前述已討論),並支付一份得到充分覆蓋的股息。

Besides, Cal-Maine Foods has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.

此外,Cal-Maine Foods已經連續十年或更長時間支付股息。這表明公司致力於與股東分享利潤。

Conclusion

結論

Overall, we are quite pleased with Cal-Maine Foods' 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. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. 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,我們對沃特世的表現感到非常滿意。具體來說,我們喜歡公司以高回報率重新投資其大部分利潤。當然,這導致公司的收益有了大幅增長。說到這一點,在研究最新的分析師預測時,我們發現,雖然公司過去的收益有所增長,但分析師預計公司未來的收益將會減少。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?點擊這裏查看我們分析師對該公司的預測頁面。

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。

譯文內容由第三人軟體翻譯。


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