Are Robust Financials Driving The Recent Rally In Cars.com Inc.'s (NYSE:CARS) Stock?
Are Robust Financials Driving The Recent Rally In Cars.com Inc.'s (NYSE:CARS) Stock?
Most readers would already be aware that Cars.com's (NYSE:CARS) stock increased significantly by 15% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Cars.com's ROE in this article.
大多數讀者可能已經意識到，Cars.com的(NYSE:CARS)股票在過去三個月裏大幅上漲了15%。考慮到市場長期看重強勁的財務狀況，我們想知道這在這種情況下是否成立。具體而言，我們決定在本文中研究Cars.com的ROE。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或ROE是一項用於評估公司管理層如何利用公司資本的效率的關鍵指標。簡而言之，它用於評估公司相對於其股本資本的盈利能力。
How Do You Calculate Return On Equity?
怎樣計算ROE?
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤（從持續經營中獲得）÷ 股東權益
So, based on the above formula, the ROE for Cars.com is:
因此，根據以上公式，Cars.com的ROE爲：
22% = US$108m ÷ US$481m (Based on the trailing twelve months to March 2024).
22% = 108百萬美元 ÷ 481百萬美元(截至2024年3月的過去十二個月)。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.22 in profit.
“回報”指的是一家公司過去一年的收益。換句話說，對於每1美元的股本，公司能夠賺取0.22美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
既然我們已經確定ROE是一種有效的利潤生成標準，用於評估公司未來的盈利能力，我們現在需要評估公司“保留”爲未來增長而重新投資的利潤多少，這使我們對公司的增長潛力有了一個了解。一般而言，在其他條件相等的情況下，ROE和利潤留存高的公司，增長率比沒有這些屬性的公司要高。
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
我們已經確認roe是一個有效的盈利指標，用於衡量公司未來的盈利能力。現在我們需要評估公司爲未來增長重新投資或“保留”的利潤有多少，這將給我們提供有關公司增長潛力的想法。假設其他一切相等，具有更高回報率和更高盈利保留的公司通常比沒有同樣特點的公司具有更高的增長率。
Cars.com's Earnings Growth And 22% ROE
Cars.com的收益增長和22%的ROE
To begin with, Cars.com seems to have a respectable ROE. On comparing with the average industry ROE of 7.4% the company's ROE looks pretty remarkable. Probably as a result of this, Cars.com was able to see an impressive net income growth of 58% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
首先，Cars.com似乎有一個體面的ROE。與行業平均ROE 7.4%相比，公司的ROE看起來相當引人注目。可能由於這個原因，Cars.com在過去五年中的淨收入增長了58%。我們相信，也可能有其他方面對公司的收益增長產生積極影響。例如，公司的管理層可能做出了一些良好的戰略決策，或者公司的派息比率較低。
As a next step, we compared Cars.com's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 6.0%.
作爲下一步，我們將Cars.com的淨收入增長與行業進行了比較，並且令人高興的是，我們發現公司所看到的增長比平均行業增長6.0％高。
Earnings growth is an important metric to consider when valuing a stock. 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. If you're wondering about Cars.com's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是考慮估值時需要考慮的重要指標。投資者需要確定的下一步是，預期的收益增長或其缺乏是否已經反映在股價中。通過這樣做，他們將了解到股票是朝着明朗未來發展還是陷入困境。如果你想了解Cars.com的估值，請查看其市盈率與所屬行業的比較。
Is Cars.com Using Its Retained Earnings Effectively?
Cars.com是否有效地利用了其留存收益？
Cars.com doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Cars.com不向其股東支付任何定期股息，這意味着公司一直將所有利潤重新投資到業務中。這很可能就是上述高收益增長數字的推動力。
Summary
總的來說，我們對偉明環保的表現非常滿意。具體而言，我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然，這導致公司的收益大幅增長。但是，最新的行業分析師預測表明，該公司的收益預計將加速增長。
In total, we are pretty happy with Cars.com's 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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
總體而言，我們對Cars.com的表現非常滿意。特別是，我們喜歡公司大量重投業務，並以較高的回報率進行投資。不出所料，這導致了卓越的收益增長。也就是說，最新的行業分析師預測顯示，公司的收益增長預期將放緩。有關該公司未來收益增長預測的更多信息，請查看此免費的分析師預測報告。
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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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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。