EOG Resources, Inc. (NYSE:EOG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
EOG Resources, Inc. (NYSE:EOG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 3.2% over the past three months, it is easy to disregard EOG Resources (NYSE:EOG). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. In this article, we decided to focus on EOG Resources' ROE.
過去三個月,eog能源(紐交所:EOG)的股價下跌了3.2%,很容易忽視它。 但如果你仔細觀察,也許會發現它強勁的財務狀況可能意味着這支股票有可能在長期內價值上升,因爲市場通常會獎勵那些財務健康的公司。在本文中,我們決定關注eog能源的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. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或roe是一項關鍵指標,用於評估公司管理層使用公司資本的效率。換句話說,它揭示了公司將股東的投資轉化爲利潤的成功。
How Do You Calculate Return On Equity?
怎樣計算ROE?
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 EOG Resources is:
因此,根據上述公式,EOG Resources的roe是:
26% = US$7.5b ÷ US$29b (Based on the trailing twelve months to June 2024).
26%= 75億美元 ÷ 290億美元(截至2024年6月的過去十二個月)。
The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.26 in profit.
'回報'是年度利潤。 另一種理解方式是,對於每1美元的淨資產,公司能夠賺取0.26美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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.
到目前爲止,我們已經知道ROE測量公司如何高效地生成利潤。基於公司選擇重新投資或「保留」其利潤的比例,我們能夠評估公司未來生成利潤的能力。假設其他所有因素保持不變,則ROE和利潤保留率越高,公司的增長率也越高,與不一定具備這些特徵的公司相比。
EOG Resources' Earnings Growth And 26% ROE
eog能源的淨利潤增長和26%的roe
First thing first, we like that EOG Resources has an impressive ROE. Second, a comparison with the average ROE reported by the industry of 16% also doesn't go unnoticed by us. Under the circumstances, EOG Resources' considerable five year net income growth of 36% was to be expected.
首先,我們喜歡eog能源有令人印象深刻的roe。其次,與行業平均roe16%的比較也沒有逃過我們的注意。在這種情況下,eog能源36%的五年淨利潤增長是可以預料的。
As a next step, we compared EOG Resources' net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 40% in the same period.
作爲下一步,我們將eog能源的淨利潤增長與行業進行比較,發現該公司與同一時期行業平均增長率40%相比具有類似增長數據。
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. What is EOG worth today? The intrinsic value infographic in our free research report helps visualize whether EOG is currently mispriced by the market.
盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的盈利增長或下降是否已經被定價。這有助於他們判斷股票是面臨光明還是黯淡的未來。EOG今天值多少錢?我們免費的研究報告中的內在價值信息圖表有助於直觀地判斷EOG是否目前被市場定價不準確。
Is EOG Resources Efficiently Re-investing Its Profits?
eog能源是否高效地再投資其利潤?
EOG Resources has a three-year median payout ratio of 26% (where it is retaining 74% of its income) which is not too low or not too high. So it seems that EOG Resources is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
eog能源三年的中位數分紅比率爲26%(保留了74%的利潤),不算太低也不算太高。因此,看起來eog能源以一種高效的方式再投資,實現了其盈利的顯著增長(如上文所述)並支付了得到良好覆蓋的股息。
Besides, EOG Resources has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 46% over the next three years. Therefore, the expected rise in the payout ratio explains why the company's ROE is expected to decline to 18% over the same period.
此外,eog能源至少十年來一直在支付分紅。這顯示該公司致力於與股東分享利潤。從目前的分析師一致預期數據來看,我們可以看到該公司未來的分紅比率預計將在未來三年上升到46%。因此,預期的分紅比率上升解釋了爲什麼該公司的roe預計在同期將下降到18%。
Conclusion
結論
On the whole, we feel that EOG Resources' 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. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總體而言,我們認爲eog能源的表現相當不錯。特別是,公司大力投入業務,加上高回報率,導致其盈利大幅增長,這一點值得高度讚賞。儘管如此,在研究當前分析師的預測時,我們擔心看到,儘管公司過去的盈利有所增長,但分析師預計未來的盈利將會減少。這些分析師的預期是基於行業的整體預期,還是基於該公司的基本面?點擊這裏,查看我們分析師對該公司的預測頁面。
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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。