Is REV Group, Inc.'s (NYSE:REVG) Latest Stock Performance A Reflection Of Its Financial Health?
Is REV Group, Inc.'s (NYSE:REVG) Latest Stock Performance A Reflection Of Its Financial Health?
REV Group's (NYSE:REVG) stock is up by a considerable 21% 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 REV Group's ROE in this article.
紐交所REVG集團（NYSE：REVG）的股票在過去三個月中上漲了21％。 考慮到市場長期獎勵強勁的財務表現，我們想知道在這種情況下是否如此。 具體而言，我們決定在本文中研究REV Group的roe。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股東必須考慮股本回報率或ROE，因爲它告訴他們公司如何有效地重新投資他們的資本。 簡而言之，ROE顯示每美元股東投資所產生的利潤。
How Is ROE Calculated?
淨資產收益率怎麼計算？
The formula for ROE is:
roe的公式是：
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 REV Group is:
因此，根據上述公式，REV Group的roe爲：
64% = US$243m ÷ US$380m (Based on the trailing twelve months to April 2024).
64％= 逾3億港元／逾4.3億港元（截至2024年4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 $0.64 in profit.
“回報”是指公司在過去一年內的收益。如果換個角度思考，公司每1美元的股本，能夠賺取0.64美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼？
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 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.
我們已經確定了roe作爲衡量公司未來收益的有效收益率。現在我們需要評估公司再投資或“保留”的利潤，以便了解公司的增長潛力。假設其他一切不變，ROE和利潤保留率越高，公司的增長率就越高，而與不一定具備這些特徵的公司相比。
REV Group's Earnings Growth And 64% ROE
REV Group的盈利增長和64％的roe
To begin with, REV Group has a pretty high ROE which is interesting. Second, a comparison with the average ROE reported by the industry of 14% also doesn't go unnoticed by us. As a result, REV Group's exceptional 76% net income growth seen over the past five years, doesn't come as a surprise.
首先，REV Group的roe相當高，這很有趣。 其次，與行業報告的平均roe 14％的比較也沒有引起我們的注意。 因此，REV Group過去五年出色的76％淨收入增長並不令人驚訝。
Next, on comparing with the industry net income growth, we found that REV Group's growth is quite high when compared to the industry average growth of 8.9% in the same period, which is great to see.
接下來，與行業淨收入增長相比，我們發現REV Group的增長比同期行業平均增長率8.9％要高得多，這是一件好事。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is REVG fairly valued? This infographic on the company's intrinsic value has everything you need to know.
將價值與公司聯繫起來的基礎，在很大程度上與其盈利增長有關。 投資者應該嘗試確定所預期的盈利增長或下降，無論哪種情況，是否已定價。 這樣做將幫助他們確定股票的未來前景是有前途還是不利。 REVG是否公平價值？ 該公司的內在價值信息圖具備您的一切需求。
Is REV Group Efficiently Re-investing Its Profits?
REV Group是否高效地再投資其利潤？
REV Group's three-year median payout ratio is a pretty moderate 47%, meaning the company retains 53% of its income. So it seems that REV Group is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
REV Group的三年中位數紅利支付率相當適中，爲47％，這意味着公司保留了53％的收入。 因此，REV Group以一種有效的方式進行再投資，以看到其收益增長（如上所述）並支付得到很好覆蓋的股息。
Besides, REV Group has been paying dividends over a period of seven years. This shows that the company is committed to sharing profits with its shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 8.9% over the next three years. However, REV Group's future ROE is expected to decline to 20% despite the expected decline in its payout ratio. We infer that there could be other factors that could be steering the foreseen decline in the company's ROE.
此外，REV Group已經在七年內支付紅利。 這表明該公司致力於與股東分享利潤。 現有的分析師預測表明，未來三年該公司的紅利支付比率預計將降至8.9％。 然而，即使紅利支付比率將下降，REV Group未來的roe也預計將下降至20％。 我們推斷出可能會有其他因素導致該公司的roe下降。
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。
On the whole, we feel that REV Group's performance has been quite good. 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. That being so, according to the latest industry analyst forecasts, the company's earnings are expected to shrink in the future. 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，我們認爲REV Group的表現相當不錯。 特別是，看到公司大量投資於其業務，以及高回報率，這導致其收益顯着增長，這是非常好的。 那麼，根據最新的行業分析師預測，該公司的收益預計將來會下降。 要了解更多關於該公司的最新分析師預測，請查看此可視化分析師對該公司的預測。
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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
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
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。