Will Weakness in Coca-Cola FEMSA, S.A.B. de C.V.'s (NYSE:KOF) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Coca-Cola FEMSA, S.A.B. de C.V.'s (NYSE:KOF) Stock Prove Temporary Given Strong Fundamentals?
Coca-Cola FEMSA. de (NYSE:KOF) has had a rough month with its share price down 6.0%. 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 Coca-Cola FEMSA. de's ROE in this article.
可口可樂FEMSA。德意志銀行(紐約證券交易所代碼：KOF)經歷了艱難的一個月，其股價下跌了6.0%。但如果你仔細觀察，你可能會猜到，它強勁的財務狀況可能意味着，考慮到市場通常會獎勵財務狀況良好的公司，該股可能會在長期內增值。具體地説，我們決定研究可口可樂FEMSA。本文中的De‘s 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.
股本回報率或淨資產收益率是股東要考慮的一個重要因素，因為它告訴他們他們的資本再投資的效率。簡而言之，它衡量的是一家公司相對於股東權益的盈利能力。
Check out our latest analysis for Coca-Cola FEMSA. de
看看我們對可口可樂FEMSA的最新分析。De
How Do You Calculate Return On Equity?
你如何計算股本回報率？
ROE can be calculated by using the formula:
可使用以下公式計算淨資產收益率：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for Coca-Cola FEMSA. de is:
因此，根據上述公式，可口可樂FEMSA的淨資產收益率。De is：
13% = Mex$16b ÷ Mex$123b (Based on the trailing twelve months to March 2022).
13%=墨西哥$160億×墨西哥$1230億(基於截至2022年3月的12個月的往績)。
The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.13 in profit.
“回報”指的是企業在過去一年中獲得的收入。這意味着，股東權益每增加1美元，公司就會產生0.13美元的利潤。
What Has ROE Got To Do With Earnings Growth?
淨資產收益率與盈利增長有什麼關係？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
我們已經證實，淨資產收益率是一家公司未來收益的有效盈利指標。我們現在需要評估公司將多少利潤再投資或“保留”用於未來的增長，這就讓我們對公司的增長潛力有了一個瞭解。一般來説，在其他條件相同的情況下，股本回報率和利潤留存較高的公司比不具備這些特徵的公司有更高的增長率。
Coca-Cola FEMSA. de's Earnings Growth And 13% ROE
可口可樂FEMSA。De的收益增長和13%的淨資產收益率
To begin with, Coca-Cola FEMSA. de seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 15%. This certainly adds some context to Coca-Cola FEMSA. de's exceptional 26% net income growth seen over the past five years. However, there could also be other drivers behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
首先，可口可樂FEMSA。德似乎有令人尊敬的淨資產收益率。此外，該公司的淨資產收益率接近15%的行業平均水平。這無疑為可口可樂FEMSA增添了一些背景。De的淨收入在過去五年中實現了26%的異常增長。然而，這種增長的背後也可能有其他驅動因素。例如，該公司的派息率較低或管理效率較高。
We then compared Coca-Cola FEMSA. de'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 14% in the same period.
然後，我們比較了可口可樂FEMSA。我們很高興地看到，與同期14%的行業增長率相比，該公司的增長數字更高。
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 KOF worth today? The intrinsic value infographic in our free research report helps visualize whether KOF is currently mispriced by the market.
盈利增長是股票估值的一個重要因素。投資者下一步需要確定的是，預期的收益增長是否已經計入了股價。這有助於他們確定這隻股票是為光明還是黯淡的未來做準備。今天的KOF值多少錢？我們免費研究報告中的內在價值信息圖有助於直觀地瞭解KOF目前是否被市場錯誤定價。
Is Coca-Cola FEMSA. de Efficiently Re-investing Its Profits?
可口可樂FEMSA。對利潤進行高效的再投資？
Coca-Cola FEMSA. de's significant three-year median payout ratio of 84% (where it is retaining only 16% of its income) suggests that the company has been able to achieve a high growth in earnings despite returning most of its income to shareholders.
可口可樂FEMSA。De的三年派息率中值為84%(只保留了16%的收入)，這表明該公司在將大部分收入返還給股東的情況下，仍能夠實現高收益增長。
Besides, Coca-Cola FEMSA. de has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 66% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
此外，可口可樂FEMSA。De至少在十年或更長時間內一直在支付股息。這表明該公司致力於與股東分享利潤。分析師現有的預估顯示，該公司未來三年的派息率預計將降至66%。儘管預期派息率較低，但該公司的淨資產收益率預計不會有太大變化。
Conclusion
結論
On the whole, we feel that Coca-Cola FEMSA. de's performance has been quite good. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總體而言，我們覺得可口可樂FEMSA。德的表現一直相當不錯。特別是，其高淨資產收益率相當值得注意，也是其可觀收益增長背後的可能解釋。然而，該公司保留了一小部分利潤。這意味着，儘管如此，該公司仍能實現收益增長，所以這並不是太糟糕。既然如此，一項對最新分析師預測的研究表明，預計該公司未來的收益增長將放緩。要了解更多分析師對該公司的最新預測，請查看分析師對該公司預測的可視化。
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本文由Simply Wall St.撰寫，具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論，我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
譯文內容由第三人軟體翻譯。