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Are Robust Financials Driving The Recent Rally In Deckers Outdoor Corporation's (NYSE:DECK) Stock?

Are Robust Financials Driving The Recent Rally In Deckers Outdoor Corporation's (NYSE:DECK) Stock?

强劲的财务状况是否推动了Deckers Outdoor Corporation(纽约证券交易所代码:DECK)股票最近的上涨?
Simply Wall St ·  05/21 20:09

Most readers would already be aware that Deckers Outdoor's (NYSE:DECK) stock increased significantly by 13% over the past month. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Deckers Outdoor's ROE.

大多数读者已经意识到,Deckers Outdoor(纽约证券交易所代码:DECK)的股票在过去一个月中大幅增长了13%。鉴于该公司的出色表现,我们决定更仔细地研究其财务指标,因为公司的长期财务状况通常决定市场业绩。在本文中,我们决定重点介绍Deckers Outdoor的投资回报率。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.

股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键指标。换句话说,它揭示了公司成功地将股东投资转化为利润。

How To Calculate Return On Equity?

如何计算股本回报率?

The formula for ROE is:

ROE 的公式是:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股本回报率 = 净利润(来自持续经营业务)÷ 股东权益

So, based on the above formula, the ROE for Deckers Outdoor is:

因此,根据上述公式,Deckers Outdoor的投资回报率为:

34% = US$724m ÷ US$2.1b (Based on the trailing twelve months to December 2023).

34% = 7.24亿美元 ÷ 21亿美元(基于截至2023年12月的过去十二个月)。

The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.34 in profit.

“回报” 是每年的利润。对此进行概念化的一种方法是,该公司每拥有1美元的股东资本,就会获得0.34美元的利润。

What Has ROE Got To Do With Earnings Growth?

投资回报率与收益增长有什么关系?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.

到目前为止,我们已经了解到,投资回报率衡量的是公司创造利润的效率。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。

A Side By Side comparison of Deckers Outdoor's Earnings Growth And 34% ROE

Deckers Outdoor 的收益增长和 34% 的投资回报率的并排比较

First thing first, we like that Deckers Outdoor has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 11% which is quite remarkable. Probably as a result of this, Deckers Outdoor was able to see a decent net income growth of 19% over the last five years.

首先,我们喜欢 Deckers Outdoor 的投资回报率令人印象深刻。此外,该公司的投资回报率高于行业平均水平的11%,这非常引人注目。可能是由于这个原因,Deckers Outdoor在过去五年中得以实现19%的不错的净收入增长。

Next, on comparing with the industry net income growth, we found that Deckers Outdoor's growth is quite high when compared to the industry average growth of 15% in the same period, which is great to see.

接下来,与行业净收入增长进行比较时,我们发现,与同期行业平均增长15%相比,Deckers Outdoor的增长相当高,这真是太好了。

past-earnings-growth
NYSE:DECK Past Earnings Growth May 21st 2024
纽约证券交易所:DECK过去的收益增长 2024年5月21日

Earnings growth is an important metric to consider when valuing a stock. 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 DECK fairly valued? This infographic on the company's intrinsic value has everything you need to know.

收益增长是对股票进行估值时要考虑的重要指标。对于投资者来说,重要的是要知道市场是否对公司的预期收益增长(或下降)进行了定价。这样做将帮助他们确定股票的未来是乐观还是不祥的。DECK 的价值是否合理?这张关于公司内在价值的信息图包含了你需要知道的一切。

Is Deckers Outdoor Making Efficient Use Of Its Profits?

Deckers Outdoor 能否有效利用其利润?

Given that Deckers Outdoor 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.

鉴于Deckers Outdoor不向其股东支付任何定期股息,我们推断该公司一直在将其所有利润再投资以发展业务。

Summary

摘要

In total, we are pretty happy with Deckers Outdoor's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

总的来说,我们对Deckers Outdoor的表现非常满意。特别是,很高兴看到该公司正在对其业务进行大量投资,再加上高回报率,这为其收益带来了可观的增长。话虽如此,正如分析师目前的估计所预测的那样,该公司的收益增长预计将放缓。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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