Are Strong Financial Prospects The Force That Is Driving The Momentum In Weyco Group, Inc.'s NASDAQ:WEYS) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In Weyco Group, Inc.'s NASDAQ:WEYS) Stock?
Weyco Group's (NASDAQ:WEYS) stock is up by a considerable 32% 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 Weyco Group's ROE in this article.
韋科鞋業(納斯達克:WEYS)的股票在過去三個月中大幅上漲了32%。 鑑於該公司表現出色,我們決定更仔細研究其財務指標,因爲公司的長期財務狀況通常決定市場結果。 具體而言,我們決定在本文中研究韋科鞋業的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股東權益回報率(ROE)是檢驗公司增加其價值和管理投資者資金有效性的測試。簡而言之,ROE顯示每個美元的利潤與其股東的投資有關。
How Is ROE Calculated?
淨資產收益率怎麼計算?
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(來自持續經營) ÷ 股東權益
So, based on the above formula, the ROE for Weyco Group is:
所以,根據上述公式,韋科鞋業的roe爲:
11% = US$29m ÷ US$258m (Based on the trailing twelve months to September 2024).
11%= 2900萬美元 ÷ 25800萬美元(截至2024年9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 $0.11 in profit.
「收益」是過去十二個月的稅後盈利額。概念化的一種方法是,對於每1美元的股東資本,公司賺取了0.11美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
到目前爲止,我們已經了解了roe衡量公司利潤產生效率的程度。現在我們需要評估公司爲未來增長而重新投資或「保留」的利潤數量,然後了解公司的增長潛力。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,而與不一定具備這些特徵的公司相比,這種增長率的相對性就越高。
Weyco Group's Earnings Growth And 11% ROE
韋科鞋業的盈利增長和11%的roe
To begin with, Weyco Group seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 12%. This probably goes some way in explaining Weyco Group's significant 27% net income growth over the past five years amongst other factors. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
首先,韋科鞋業似乎擁有令人尊敬的roe。此外,該公司的roe與行業平均水平12%相似。這可能在解釋韋科鞋業過去五年中27%的淨利潤增長中發揮了一定作用,除其他因素外。我們認爲這裏可能還有其他因素在起作用。例如高盈利留存率或有效的管理團隊。
We then compared Weyco Group'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 22% in the same 5-year period.
然後,我們將韋科鞋業的淨利潤增長與行業進行了比較,很高興地看到,與同一5年期內行業增長率爲22%相比,公司的增長率較高。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is Weyco Group fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是評估股票價值時要考慮的重要指標。投資者應該嘗試確定預期的盈利增長或下降,無論哪種情況,都已被定價。然後幫助他們判斷股票是面臨光明還是黯淡的未來。與其他公司相比,韋科鞋業是否公平價值定位?這3個估值指標可能會幫助您做出決定。
Is Weyco Group Making Efficient Use Of Its Profits?
韋科鞋業是否有效利用其利潤?
Weyco Group's three-year median payout ratio is a pretty moderate 32%, meaning the company retains 68% of its income. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Weyco Group is reinvesting its earnings efficiently.
韋科鞋業的三年中位數股利支付比率相當適中,爲32%,意味着公司保留了68%的收入。這表明其股息得到了很好的覆蓋,而且考慮到我們上面討論的高增長,看起來韋科鞋業正在高效地再投資其盈利。
Besides, Weyco Group 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,韋科鞋業至少連續十年支付股息。這表明公司致力於與股東分享利潤。
Conclusion
結論
Overall, we are quite pleased with Weyco Group'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. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. You can see the 1 risk we have identified for Weyco Group by visiting our risks dashboard for free on our platform here.
總的來說,我們對韋科鞋業集團的業績感到非常滿意。特別是,公司大量投資於業務,加上高回報率,導致利潤大幅增長。如果公司能夠保持利潤增長的方式,這可能會對其股價產生積極影響,因爲每股收益如何影響長期股價。請記住,股票價格也取決於風險的認知。因此,投資者在投資任何公司之前必須讓自己了解所涉及的風險。您可以在我們的平台上免費查看我們爲韋科鞋業集團確定的第一個風險,請訪問我們的風險特斯拉-儀表。
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譯文內容由第三人軟體翻譯。