Is Weakness In YETI Holdings, Inc. (NYSE:YETI) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In YETI Holdings, Inc. (NYSE:YETI) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
With its stock down 4.6% over the past week, it is easy to disregard YETI Holdings (NYSE:YETI). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. In this article, we decided to focus on YETI Holdings' ROE.
股價上週下跌4.6%，很容易忽視yeti holdings（NYSE:YETI）。然而，仔細觀察其良好的財務狀況可能會讓您重新考慮。鑑於基本面通常驅動長期市場結果，這家公司值得關注。在本文中，我們決定專注於yeti holdings的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股東權益回報率（ROE）是測試公司如何有效地增加其價值並管理投資者資金的指標。簡而言之，它用於評估公司相對於股本資本的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益報酬率？
The formula for return on equity is:
權益回報率的計算公式是：
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 YETI Holdings is:
因此，根據上述公式，yeti holdings的roe爲：
27% = US$188m ÷ US$706m (Based on the trailing twelve months to June 2024).
27% = 1.88億美元 ÷ 7.06億美元（截至2024年6月的過去十二個月）。
The 'return' is the income the business earned over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.27.
'回報'是企業在過去一年內賺取的收入。這意味着，對於股東每投資1美元，公司就能創造0.27美元的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係？
So far, we've learned that ROE is a measure of a company's profitability. 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 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.
到目前爲止，我們已經了解到roe是公司盈利能力的一種度量方法。根據公司再投資或「留存」利潤的程度以及其有效性，我們隨後能夠評估公司的盈利增長潛力。假設其他所有因素相同，則具有更高淨資產收益率和更高利潤保留的公司通常比沒有相同功能的公司增長率更高。
YETI Holdings' Earnings Growth And 27% ROE
YETI Holdings的盈利增長和27%的roe
Firstly, we acknowledge that YETI Holdings has a significantly high ROE. Secondly, even when compared to the industry average of 16% the company's ROE is quite impressive. This likely paved the way for the modest 11% net income growth seen by YETI Holdings over the past five years.
首先，我們承認YETI Holdings的roe顯著高。其次，即使與行業平均水平16%相比，公司的roe也非常令人印象深刻。這可能爲YETI Holdings在過去五年中看到的11%淨利潤增長鋪平了道路。
Next, on comparing YETI Holdings' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 13% over the last few years.
接下來，將YETI Holdings的淨利潤增長與行業進行比較，發現該公司報告的增長與近幾年行業平均增長率13%相似。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 YETI Holdings is trading on a high P/E or a low P/E, relative to its industry.
當估值一隻股票時，收益增長是一個重要的指標。投資者應該試圖確定預期的收益增長或下降，無論哪種情況，是否被定價。通過這樣做，他們會知道股票是走向明朗的藍天，還是即將面臨泥濘的困境。一個預期收益增長的良好指標是市盈率，它根據股票的盈利前景確定市場願意支付的價格。所以，你可能想檢查一下YETI Holdings的市盈率相對於行業是高還是低。
Is YETI Holdings Making Efficient Use Of Its Profits?
YETI Holdings是否有效利用其利潤?
YETI 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.
YETI Holdings不支付任何定期股息，這意味着其所有的利潤都被重新投資到業務中，這解釋了該公司所見到的相當大的盈利增長。
Conclusion
結論
On the whole, we feel that YETI Holdings' performance has been quite good. 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 substantial growth in its earnings. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說，我們認爲YETI Holdings的表現非常不錯。具體來說，我們喜歡公司以高回報率將其大部分利潤再投資的方式。當然，這導致公司的盈利大幅增長。然而，最新的行業分析師預測顯示，該公司的盈利增長預計將放緩。要了解更多關於該公司的最新分析師預測，請查看這個可視化圖表。
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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。
譯文內容由第三人軟體翻譯。