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Alarm.com Holdings, Inc.'s (NASDAQ:ALRM) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Alarm.com Holdings, Inc.'s (NASDAQ:ALRM) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Alarm.com Holdings, Inc. 's(納斯達克股票代碼:ALRM)基本面看起來相當強勁:市場對這隻股票的看法會錯嗎?
Simply Wall St ·  05/23 19:55

It is hard to get excited after looking at Alarm.com Holdings' (NASDAQ:ALRM) recent performance, when its stock has declined 4.3% over the past week. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Alarm.com Holdings' ROE in this article.

看了Alarm.com控股公司(納斯達克股票代碼:ALRM)最近的表現,很難感到興奮,當時其股票在過去一週下跌了4.3%。但是,股票價格通常由公司的長期財務業績驅動,在這種情況下,這看起來很有希望。具體而言,我們決定在本文中研究Alarm.com控股的投資回報率。

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 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。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 return on equity is:

股本回報率的公式是:

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 Alarm.com Holdings is:

因此,根據上述公式,Alarm.com控股的投資回報率爲:

12% = US$90m ÷ US$766m (Based on the trailing twelve months to March 2024).

12% = 9000萬美元 ÷ 7.66億美元(基於截至2024年3月的過去十二個月)。

The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.12.

“回報” 是每年的利潤。因此,這意味着公司每投資1美元,就會產生0.12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. 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. 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。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。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。

Alarm.com Holdings' Earnings Growth And 12% ROE

Alarm.com Holdings的收益增長和12%的投資回報率

At first glance, Alarm.com Holdings seems to have a decent ROE. Even when compared to the industry average of 12% the company's ROE looks quite decent. Consequently, this likely laid the ground for the decent growth of 11% seen over the past five years by Alarm.com Holdings.

乍一看,Alarm.com控股公司的投資回報率似乎不錯。即使與12%的行業平均水平相比,該公司的投資回報率也相當不錯。因此,這可能爲Alarm.com Holdings在過去五年中實現11%的可觀增長奠定了基礎。

We then performed a comparison between Alarm.com Holdings' net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 13% in the same 5-year period.

然後,我們對Alarm.com Holdings與該行業的淨收入增長進行了比較,結果顯示該公司的增長與5年同期13%的行業平均增長率相似。

past-earnings-growth
NasdaqGS:ALRM Past Earnings Growth May 23rd 2024
納斯達克GS:ALRM 過去的收益增長 2024 年 5 月 23 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). This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Alarm.com Holdings is trading on a high P/E or a low P/E, relative to its industry.

收益增長是對股票進行估值時要考慮的重要指標。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。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。衡量預期收益增長的一個很好的指標是市盈率,它根據收益前景決定了市場願意爲股票支付的價格。因此,您可能需要檢查Alarm.com Holdings相對於其行業的市盈率是高還是低市盈率。

Is Alarm.com Holdings Efficiently Re-investing Its Profits?

Alarm.com Holdings是否有效地將其利潤再投資?

Alarm.com Holdings doesn't pay any regular dividends, meaning that all of its profits are being reinvested in the business, which explains the fair bit of earnings growth the company has seen.

Alarm.com Holdings不支付任何定期股息,這意味着其所有利潤都被再投資於該業務,這解釋了該公司所看到的相當多的收益增長。

Summary

摘要

In total, we are pretty happy with Alarm.com Holdings' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

總的來說,我們對Alarm.com控股的表現非常滿意。特別是,我們喜歡該公司對其業務進行大量再投資,而且回報率很高。毫不奇怪,這帶來了令人印象深刻的收益增長。話雖如此,正如分析師目前的估計所預測的那樣,該公司的收益增長預計將放緩。要了解有關公司未來收益增長預測的更多信息,請查看這份關於分析師預測的免費報告,以了解更多信息。

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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