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Is Weakness In TechnipFMC Plc (NYSE:FTI) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

Is Weakness In TechnipFMC Plc (NYSE:FTI) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

TechnipFMC Plc(紐交所:FTI)股票走弱,是否意味着市場可能錯誤地評估了其強勁的財務前景?
Simply Wall St ·  10/29 01:25

It is hard to get excited after looking at TechnipFMC's (NYSE:FTI) recent performance, when its stock has declined 8.7% over the past three months. 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. Particularly, we will be paying attention to TechnipFMC's ROE today.

看完TechnipFMC(紐交所:FTI)最近的表現後,要激動變得困難,因爲其股價在過去三個月下跌了8.7%。然而,仔細觀察其健康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。特別是,我們將關注TechnipFMC今日的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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.

股東要考慮的關鍵因素之一是淨資產收益率或roe,因爲它告訴他們公司如何有效地重新投資他們的資本。簡單點說,它衡量了公司與股東權益相關的盈利能力。

How To Calculate Return On Equity?

如何計算股東權益報酬率?

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 TechnipFMC is:

所以,根據上述公式,德希尼布fmc的roe爲:

19% = US$639m ÷ US$3.3b (Based on the trailing twelve months to September 2024).

19% = 63900萬美元 ÷ 33億美元(截至2024年9月的過去十二個月)。

The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.19 in profit.

『回報率』是指過去十二個月稅後收益。一個概念是,針對每1美元的股東資本,公司賺取了0.19美元的利潤。

What Has ROE Got To Do With Earnings Growth?

roe與盈利增長有何關係?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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,我們已經學到 ROE(淨資產收益率)可以衡量公司盈利的效率。具體取決於公司再投資或「保留」多少這些利潤,以及其有效程度,我們便能夠評估公司的盈利增長潛力。假設其他條件相同,ROE和利潤保留率都較高的公司通常比不具備這些特徵的公司增長率更高。

A Side By Side comparison of TechnipFMC's Earnings Growth And 19% ROE

德希尼布fmc的淨利潤增長和19%的roe的並列比較

To begin with, TechnipFMC seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 13%. Probably as a result of this, TechnipFMC was able to see an impressive net income growth of 74% over the last five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.

首先,德希尼布fmc的roe看起來相當可觀。此外,該公司的roe與行業平均水平13%相比相當有競爭力。可能是由於這個原因,德希尼布fmc在過去五年裏淨利潤增長了74%,我們認爲這裏也可能有其他因素在起作用。例如 - 高收益保留或者一個有效的管理層。

Next, on comparing with the industry net income growth, we found that TechnipFMC's growth is quite high when compared to the industry average growth of 49% in the same period, which is great to see.

接下來,與行業淨利潤增長相比,我們發現德希尼布fmc的增長相當高,比同一時期行業平均增長率49%要高,這是很令人振奮的。

big
NYSE:FTI Past Earnings Growth October 28th 2024
紐交所:FTI過去的2024年10月28日財務增長

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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is FTI fairly valued? This infographic on the company's intrinsic value has everything you need to know.

公司的價值取決於很大程度上與其盈利增長有關。投資者應該試圖確定盈利的預期增長或下降(無論哪種情況)是否已經定價。通過這樣做,他們將了解股票是進入清澈的藍色水域還是等待泥濘水域。FTI是否被合理估值?這份關於公司內在價值的信息圖表包含了您需要了解的一切。

Is TechnipFMC Efficiently Re-investing Its Profits?

TechnipFMC是否有效地重新投資其利潤?

TechnipFMC's ' three-year median payout ratio is on the lower side at 16% implying that it is retaining a higher percentage (84%) of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

TechnipFMC的三年中位派息比率較低,爲16%,表明公司留存了更高比例(84%)的利潤。這表明管理層正在重新投資大部分利潤以促進公司的增長,正如公司所展現的增長所證明的那樣。

Besides, TechnipFMC has been paying dividends over a period of seven years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 10% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.

此外,TechnipFMC在過去七年內一直在支付股息。這表明公司致力於與股東分享利潤。在研究最新的分析師一致數據後,我們發現公司未來的派息比率預計將在未來三年內降至10%。儘管預期的派息比率較低,公司的roe不太有望改變。

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。

Overall, we are quite pleased with TechnipFMC's performance. 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. 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.

總體而言,我們對德希尼布fmc的表現感到滿意。具體來說,我們喜歡公司以高回報率再投資其利潤的巨大一部分。這當然導致公司盈利大幅增長。話雖如此,根據目前分析師的預測,公司的盈利增長預計將放緩。要了解更多關於公司未來盈利增長預測的信息,請查看這份關於分析師預測公司的免費報告。

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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.

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。


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