Commvault Systems, Inc.'s (NASDAQ:CVLT) Stock Is Going Strong: Is the Market Following Fundamentals?
Commvault Systems, Inc.'s (NASDAQ:CVLT) Stock Is Going Strong: Is the Market Following Fundamentals?
Most readers would already be aware that Commvault Systems' (NASDAQ:CVLT) stock increased significantly by 17% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Commvault Systems' ROE.
大多數讀者已經意識到，Commvault Systems（納斯達克股票代碼：CVLT）的股票在過去三個月中大幅上漲了17％。由於市場通常會爲公司的長期基本面買單，因此我們決定研究公司的關鍵績效指標，看看它們是否會影響市場。在本文中，我們決定重點介紹Commvault Systems的投資回報率。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或投資回報率是股東需要考慮的重要因素，因爲它可以告訴他們資本再投資的有效性。簡而言之，投資回報率顯示了每美元從其股東投資中產生的利潤。
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:
ROE 可以通過以下公式計算：
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 Commvault Systems is:
因此，根據上述公式，Commvault系統的投資回報率爲：
61% = US$169m ÷ US$278m (Based on the trailing twelve months to March 2024).
61% = 1.69億美元 ÷ 2.78億美元（基於截至2024年3月的過去十二個月）。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.61 in profit.
“回報” 是過去十二個月的利潤。這意味着，每獲得價值1美元的股東權益，該公司就會產生0.61美元的利潤。
Why Is ROE Important For Earnings Growth?
爲什麼投資回報率對收益增長很重要？
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. 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，我們已經了解到，投資回報率衡量的是公司創造利潤的效率。現在，我們需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長，從而使我們對公司的增長潛力有所了解。一般而言，在其他條件相同的情況下，股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
Commvault Systems' Earnings Growth And 61% ROE
Commvault Systems 的盈利增長和 61% 的
First thing first, we like that Commvault Systems has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 12% which is quite remarkable. As a result, Commvault Systems' exceptional 37% net income growth seen over the past five years, doesn't come as a surprise.
首先，我們喜歡Commvault系統的投資回報率令人印象深刻。此外，該公司的投資回報率高於行業平均水平的12％，這非常引人注目。因此，Commvault Systems在過去五年中實現了37％的驚人淨收入增長並不令人意外。
Next, on comparing with the industry net income growth, we found that Commvault Systems' growth is quite high when compared to the industry average growth of 15% in the same period, which is great to see.
接下來，與行業淨收入增長相比，我們發現與同期行業平均增長15％相比，Commvault Systems的增長相當高，這真是太好了。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Has the market priced in the future outlook for CVLT? You can find out in our latest intrinsic value infographic research report.
爲公司附加價值的基礎在很大程度上與其收益增長息息相關。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。市場對CVLT的未來展望進行了定價嗎？你可以在我們最新的內在價值信息圖研究報告中找到答案。
Is Commvault Systems Using Its Retained Earnings Effectively?
Commvault Systems 是否有效地使用其留存收益？
Given that Commvault Systems doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
鑑於Commvault Systems不向其股東支付任何定期股息，我們推斷該公司一直在將其所有利潤再投資以發展業務。
Conclusion
結論
In total, we are pretty happy with Commvault Systems' 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. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說，我們對Commvault系統的性能非常滿意。具體而言，我們喜歡該公司以高回報率再投資其利潤的很大一部分。當然，這導致該公司的收益大幅增長。話雖如此，在研究最新的分析師預測時，我們發現，儘管該公司過去的收益有所增長，但分析師預計其未來收益將萎縮。要詳細了解分析師對公司的最新預測，請查看該公司的分析師預測的可視化。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
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