Do Its Financials Have Any Role To Play In Driving Weis Markets, Inc.'s (NYSE:WMK) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Weis Markets, Inc.'s (NYSE:WMK) Stock Up Recently?
Weis Markets' (NYSE:WMK) stock is up by a considerable 6.5% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on Weis Markets' ROE.
韋斯市場（紐約證券交易所代碼：WMK）的股票在過去一個月中上漲了6.5％。鑑於股票價格通常與公司的長期財務表現一致，我們決定更仔細地研究其財務指標，看看它們在近期的價格走勢中是否有機會發揮作用。在本文中，我們決定重點關注韋斯市場的投資回報率。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。換句話說，它是衡量公司股東提供的資本回報率的盈利比率。
How To Calculate Return On Equity?
如何計算股本回報率？
The formula for ROE is:
ROE 的公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤（來自持續經營業務）÷ 股東權益
So, based on the above formula, the ROE for Weis Markets is:
因此，根據上述公式，Weis Markets的投資回報率爲：
7.6% = US$104m ÷ US$1.4b (Based on the trailing twelve months to December 2023).
7.6% = 1.04億美元 ÷ 14億美元（基於截至2023年12月的過去十二個月）。
The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.08 in profit.
“回報” 是指公司去年的收益。這意味着，每持有價值1美元的股東權益，該公司就會產生0.08美元的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係？
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. 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，我們已經了解到，投資回報率衡量的是公司創造利潤的效率。根據公司選擇將多少利潤進行再投資或 “保留”，我們便能夠評估公司未來創造利潤的能力。假設其他一切保持不變，那麼與不一定具有這些特徵的公司相比，投資回報率和利潤保留率越高，公司的增長率就越高。
Weis Markets' Earnings Growth And 7.6% ROE
Weis Markets的收益增長和7.6％的投資回報率
When you first look at it, Weis Markets' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 16%. Although, we can see that Weis Markets saw a modest net income growth of 12% over the past five years. So, the growth in the company's earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently.
當你第一次看時，Weis Markets的投資回報率看起來並不那麼有吸引力。然後，我們將該公司的投資回報率與整個行業進行了比較，但對投資回報率低於行業平均水平的16％感到失望。但是，我們可以看到，在過去五年中，Weis Markets的淨收入溫和增長了12％。因此，公司收益的增長可能是由其他變量造成的。例如，該公司的派息率較低或管理效率很高。
As a next step, we compared Weis Markets' 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 13% in the same period.
下一步，我們將Weis Markets的淨收入增長與該行業進行了比較，發現與同期13％的行業平均增長率相比，該公司的增長數字相似。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Weis Markets''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值的重要因素。對於投資者來說，重要的是要知道市場是否對公司的預期收益增長（或下降）進行了定價。通過這樣做，他們將知道股票是走向清澈的藍色海水還是沼澤水域在等着呢。如果你想知道Weis Markets的估值，可以看看這個衡量其市盈率與行業相比的指標。
Is Weis Markets Efficiently Re-investing Its Profits?
Weis Markets 是否有效地將其利潤再投資？
Weis Markets has a healthy combination of a moderate three-year median payout ratio of 30% (or a retention ratio of 70%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
Weis Markets健康地結合了30％的三年中位派息率（或70％的留存率）和可觀的收益增長，如上所示，這意味着該公司一直在有效利用其利潤。
Additionally, Weis Markets has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外，Weis Markets已在至少十年內派發了股息，這意味着該公司非常認真地與股東分享利潤。
Summary
摘要
Overall, we feel that Weis Markets certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings.
總的來說，我們認爲Weis Markets確實有一些積極的因素需要考慮。儘管投資回報率很低，但由於再投資率很高，該公司的收益實現了可觀的增長。
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