Are Strong Financial Prospects The Force That Is Driving The Momentum In AptarGroup, Inc.'s NYSE:ATR) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In AptarGroup, Inc.'s NYSE:ATR) Stock?
AptarGroup's (NYSE:ATR) stock is up by a considerable 6.0% 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. Particularly, we will be paying attention to AptarGroup's ROE today.
AptarGroup（紐約證券交易所代碼：ATR）的股票在過去一個月中上漲了6.0％。鑑於公司的出色表現，我們決定更仔細地研究其財務指標，因爲公司的長期財務狀況通常決定市場業績。特別是，我們今天將關注AptarGroup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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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，它用於評估公司相對於其股權資本的盈利能力。
How To Calculate Return On Equity?
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 AptarGroup is:
因此，根據上述公式，AptarGroup的投資回報率爲：
13% = US$313m ÷ US$2.4b (Based on the trailing twelve months to March 2024).
13% = 3.13億美元 ÷ 24億美元（基於截至2024年3月的過去十二個月）。
The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.13 in profit.
“回報” 是每年的利潤。另一種看法是，每持有價值1美元的股權，公司就能獲得0.13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？
So far, we've learned that ROE is a measure of a company's profitability. 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，投資回報率是衡量公司盈利能力的指標。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。
AptarGroup's Earnings Growth And 13% ROE
AptarGroup 的收益增長和 13% 的投資回報率
To begin with, AptarGroup seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 16%. This probably goes some way in explaining AptarGroup's moderate 5.4% growth over the past five years amongst other factors.
首先，AptarGroup的投資回報率似乎相當不錯。此外，該公司的投資回報率與行業平均水平的16％相似。這可能在某種程度上解釋了AptarGroup在過去五年中5.4％的溫和增長以及其他因素。
We then compared AptarGroup's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 9.2% in the same 5-year period, which is a bit concerning.
然後，我們將AptarGroup的淨收入增長與該行業進行了比較，發現該公司的增長數字低於同期9.2％的行業平均增長率，這有點令人擔憂。
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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is ATR worth today? The intrinsic value infographic in our free research report helps visualize whether ATR is currently mispriced by the market.
收益增長是股票估值的重要因素。投資者接下來需要確定的是，預期的收益增長或缺乏收益是否已經包含在股價中。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。今天的 ATR 值多少錢？我們的免費研究報告中的內在價值信息圖有助於可視化市場目前是否對ATR進行了錯誤的定價。
Is AptarGroup Efficiently Re-investing Its Profits?
AptarGroup 是否有效地將其利潤再投資？
AptarGroup has a healthy combination of a moderate three-year median payout ratio of 40% (or a retention ratio of 60%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
AptarGroup的三年派息率中位數爲40％（或60％的留存率），再加上我們在上面看到的可觀的收益增長，這意味着該公司一直在有效利用其利潤。
Moreover, AptarGroup is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 30% over the next three years. Regardless, the ROE is not expected to change much for the company despite the lower expected payout ratio.
此外，AptarGroup決心繼續與股東分享利潤，這是我們從其支付股息至少十年的悠久歷史中推斷出來的。我們最新的分析師數據顯示，該公司的未來派息率預計將在未來三年降至30％。無論如何，儘管預期的派息率較低，但預計該公司的投資回報率不會有太大變化。
Summary
摘要
Overall, we are quite pleased with AptarGroup's 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 a good amount of growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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AptarGroup的表現非常滿意。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，這使該公司的收益實現了可觀的增長。話雖如此，從分析師目前的估計來看，我們發現該公司的收益有望增強。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。
譯文內容由第三人軟體翻譯。