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DoubleDown Interactive Co., Ltd.'s (NASDAQ:DDI) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

DoubleDown Interactive Co., Ltd.'s (NASDAQ:DDI) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

DoubleDown 互動有限公司's(納斯達克股票代碼:DDI)的股票勢頭強勁:這是否需要對其財務前景進行更深入的研究?
Simply Wall St ·  05/11 20:06

DoubleDown Interactive's (NASDAQ:DDI) stock is up by a considerable 39% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on DoubleDown Interactive's ROE.

DoubleDown Interactive(納斯達克股票代碼:DDI)的股票在過去三個月中上漲了39%。我們想知道公司的財務狀況在價格變動中是否起着什麼作用,因爲公司的長期基本面通常決定市場業績。在本文中,我們決定重點介紹DoubleDown Interactive的投資回報率。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。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 Is ROE Calculated?

ROE 是如何計算的?

Return on equity can be calculated by using the formula:

股本回報率可以使用以下公式計算:

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 DoubleDown Interactive is:

因此,根據上述公式,DoubleDown Interactive的投資回報率爲:

13% = ₩133b ÷ ₩986b (Based on the trailing twelve months to December 2023).

13% = 133b ÷ 986b(基於截至2023年12月的過去十二個月)。

The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.13 in profit.

“回報” 是每年的利潤。將其概念化的一種方法是,每擁有1美元的股東資本,公司的利潤爲0.13美元。

What Is The Relationship Between ROE And Earnings Growth?

投資回報率與收益增長之間有什麼關係?

So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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,投資回報率是衡量公司盈利能力的指標。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。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。

DoubleDown Interactive's Earnings Growth And 13% ROE

DoubleDown Interactive的收益增長和13%的投資回

To start with, DoubleDown Interactive's ROE looks acceptable. And on comparing with the industry, we found that the the average industry ROE is similar at 13%. For this reason, DoubleDown Interactive's five year net income decline of 53% raises the question as to why the decent ROE didn't translate into growth. So, there might be some other aspects that could explain this. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.

首先,DoubleDown Interactive的投資回報率看起來可以接受。與行業相比,我們發現行業的平均投資回報率相似,爲13%。出於這個原因,DoubleDown Interactive的五年淨收入下降了53%,這就提出了一個問題,即爲什麼不錯的投資回報率沒有轉化爲增長。因此,可能還有其他一些方面可以解釋這一點。例如,該公司將其收益的很大一部分作爲股息支付,或者面臨競爭壓力。

That being said, we compared DoubleDown Interactive's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 25% in the same 5-year period.

話雖如此,我們將DoubleDown Interactive的表現與該行業進行了比較,當我們發現儘管該公司縮減了收益,但該行業在同期的5年內收益以25%的速度增長時,我們對此感到擔憂。

past-earnings-growth
NasdaqGS:DDI Past Earnings Growth May 11th 2024
納斯達克GS:DDI 過去的收益增長 2024 年 5 月 11 日

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). Doing so will help them establish if the stock's future looks promising or ominous. Is DoubleDown Interactive fairly valued compared to other companies? These 3 valuation measures might help you decide.

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。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。與其他公司相比,DoubleDown Interactive的價值是否合理?這3種估值指標可能會幫助您做出決定。

Is DoubleDown Interactive Efficiently Re-investing Its Profits?

DoubleDown Interactive 是否有效地將其利潤再投資?

DoubleDown Interactive doesn't pay any regular dividends, meaning that the company is keeping all of its profits, which makes us wonder why it is retaining its earnings if it can't use them to grow its business. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.

DoubleDown Interactive不支付任何定期分紅,這意味着該公司保留了所有利潤,這讓我們想知道,如果它無法利用收益來發展業務,爲什麼還要保留收益。看來可能還有其他一些原因可以解釋這方面的不足。例如,業務可能會下滑。

Summary

摘要

In total, it does look like DoubleDown Interactive has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 1 risk we have identified for DoubleDown Interactive visit our risks dashboard for free.

總的來說,DoubleDown Interactive的業務看起來確實有一些積極的方面。但是,低收益增長有點令人擔憂,特別是考慮到該公司的回報率很高,並且正在將很大一部分利潤再投資。從表面上看,可能還有其他一些因素阻礙了增長,這些因素不一定是業務的控制。雖然我們不會完全解散公司,但我們要做的是努力確定業務的風險,以便在公司周圍做出更明智的決定。要了解我們爲DoubleDown Interactive確定的1種風險,請免費訪問我們的風險控制面板。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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