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.
可口可乐FEMSA。德意志银行(纽约证券交易所代码：KOF)经历了艰难的一个月，其股价下跌了6.0%。但如果你仔细观察，你可能会猜到，它强劲的财务状况可能意味着，考虑到市场通常会奖励财务状况良好的公司，该股可能会在长期内增值。具体地说，我们决定研究可口可乐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.
股本回报率或净资产收益率是股东要考虑的一个重要因素，因为它告诉他们他们的资本再投资的效率。简而言之，它衡量的是一家公司相对于股东权益的盈利能力。
Check out our latest analysis for Coca-Cola FEMSA. de
看看我们对可口可乐FEMSA的最新分析。De
How Do You Calculate Return On Equity?
你如何计算股本回报率？
ROE can be calculated by using the formula:
可使用以下公式计算净资产收益率：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Coca-Cola FEMSA. de is:
因此，根据上述公式，可口可乐FEMSA的净资产收益率。De is：
13% = Mex$16b ÷ Mex$123b (Based on the trailing twelve months to March 2022).
13%=墨西哥$160亿×墨西哥$1230亿(基于截至2022年3月的12个月的往绩)。
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.
“回报”指的是企业在过去一年中获得的收入。这意味着，股东权益每增加1美元，公司就会产生0.13美元的利润。
What Has ROE Got To Do With Earnings Growth?
净资产收益率与盈利增长有什么关系？
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.
我们已经证实，净资产收益率是一家公司未来收益的有效盈利指标。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。一般来说，在其他条件相同的情况下，股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
Coca-Cola FEMSA. de's Earnings Growth And 13% ROE
可口可乐FEMSA。De的收益增长和13%的净资产收益率
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，可口可乐FEMSA。德似乎有令人尊敬的净资产收益率。此外，该公司的净资产收益率接近15%的行业平均水平。这无疑为可口可乐FEMSA增添了一些背景。De的净收入在过去五年中实现了26%的异常增长。然而，这种增长的背后也可能有其他驱动因素。例如，该公司的派息率较低或管理效率较高。
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.
然后，我们比较了可口可乐FEMSA。我们很高兴地看到，与同期14%的行业增长率相比，该公司的增长数字更高。
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.
盈利增长是股票估值的一个重要因素。投资者下一步需要确定的是，预期的收益增长是否已经计入了股价。这有助于他们确定这只股票是为光明还是黯淡的未来做准备。今天的KOF值多少钱？我们免费研究报告中的内在价值信息图有助于直观地了解KOF目前是否被市场错误定价。
Is Coca-Cola FEMSA. de Efficiently Re-investing Its Profits?
可口可乐FEMSA。对利润进行高效的再投资？
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.
可口可乐FEMSA。De的三年派息率中值为84%(只保留了16%的收入)，这表明该公司在将大部分收入返还给股东的情况下，仍能够实现高收益增长。
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，可口可乐FEMSA。De至少在十年或更长时间内一直在支付股息。这表明该公司致力于与股东分享利润。分析师现有的预估显示，该公司未来三年的派息率预计将降至66%。尽管预期派息率较低，但该公司的净资产收益率预计不会有太大变化。
Conclusion
结论
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.
总体而言，我们觉得可口可乐FEMSA。德的表现一直相当不错。特别是，其高净资产收益率相当值得注意，也是其可观收益增长背后的可能解释。然而，该公司保留了一小部分利润。这意味着，尽管如此，该公司仍能实现收益增长，所以这并不是太糟糕。既然如此，一项对最新分析师预测的研究表明，预计该公司未来的收益增长将放缓。要了解更多分析师对该公司的最新预测，请查看分析师对该公司预测的可视化。
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
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