FIGS, Inc. (NYSE:FIGS) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
FIGS, Inc. (NYSE:FIGS) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Most readers would already be aware that FIGS' (NYSE:FIGS) stock increased significantly by 13% over the past three months. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. Specifically, we decided to study FIGS' ROE in this article.
大多數讀者可能已經知道 FIGS（紐交所：FIGS）的股票在過去三個月裏大幅上漲了13%。但是公司的關鍵財務指標似乎在各方面存在差異，這讓我們懷疑公司當前的股票價格動力是否能夠保持。具體而言，我們決定在本文中研究 FIGS 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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或roe是評估公司管理層如何有效利用公司資本的關鍵指標。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？
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算：
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 FIGS is:
根據上述公式，FIGS的roe爲：
4.7% = US$19m ÷ US$402m (Based on the trailing twelve months to June 2024).
4.7% = 1900萬美元 ÷ 40200萬美元（基於截至2024年6月的過去十二個月）。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.05.
「回報率」是稅後在過去的12個月中獲得的收益。因此，這意味着公司爲其股東的每1美元投資創造了0.05美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼？
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。
FIGS' Earnings Growth And 4.7% ROE
FIGS的盈利增長和4.7%的roe
When you first look at it, FIGS' ROE doesn't look that attractive. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 13% either. As a result, FIGS reported a very low income growth of 3.6% over the past five years.
當你第一次看到它時，FIGS的roe看起來並不那麼吸引人。進一步的研究表明，該公司的roe也不如同行業平均水平13%。因此，FIGS在過去五年中的淨利潤增長非常低，只有3.6%。
We then compared FIGS' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 19% in the same 5-year period, which is a bit concerning.
然後，我們將FIGS的淨利潤增長與同行業進行了比較，發現該公司的增長率低於同期平均19%的行業增長率，這有點令人擔憂。
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. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for FIGS? You can find out in our latest intrinsic value infographic research report.
淨利潤增長是在評估股票價值時需要考慮的一個重要指標。接下來投資者需要判斷的是預期的淨利潤增長，或者沒有預期的情況，是否已經反映在股價中。這有助於他們判斷股票是面臨光明還是黯淡的未來。市場是否已經將FIGS的未來展望定價？你可以在我們最新的內在價值信息圖研究報告中找到答案。
Is FIGS Efficiently Re-investing Its Profits?
FIGS（紐交所：FIGS）是否有效地再投資其利潤？
FIGS doesn't pay any regular dividends, meaning that potentially all of its profits are being reinvested in the business. This doesn't explain the low earnings growth number that we discussed above. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
FIGS沒有支付常規的股息，這意味着其所有利潤潛在地被重新投資到業務中。這並不能解釋我們上面討論的低淨利潤增長數字。因此，可能有其他原因來解釋這種不足。例如，該業務可能在衰退中。
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 the performance shown by FIGS can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總體而言，我們覺得FIGS的表現可以有很多解釋。雖然該公司具有高投資再投資率，但低roe意味着所有這些再投資對其投資者沒有任何好處，並且對淨利潤增長產生了負面影響。與此同時，最新的行業分析師預測顯示，公司的收益預計將加速增長。要了解更多關於該公司的最新分析師預測，請查看此可視化的分析師預測報告。
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.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@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。
譯文內容由第三人軟體翻譯。