Matson, Inc. (NYSE:MATX) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Matson, Inc. (NYSE:MATX) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
It is hard to get excited after looking at Matson's (NYSE:MATX) recent performance, when its stock has declined 6.3% over the past month. 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 Matson's ROE.
在查看過Matson (紐交所:MATX) 最近的表現後很難感到興奮,因爲其股價在過去一個月下跌了6.3%。但如果您仔細觀察,您可能會發現其強大的財務狀況可能意味着股票在長期內有增值潛力,因爲市場通常會獎勵財務狀況良好的公司。在本文中,我們決定聚焦於Matson的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
roe,即淨資產收益率,是一種評估公司如何有效地從股東手中獲取投資回報的有用工具。換句話說,它是一種盈利能力比率,衡量公司股東提供的資本的回報率。
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 Matson is:
因此,根據上述公式,Matson的roe爲:
14% = US$332m ÷ US$2.4b (Based on the trailing twelve months to June 2024).
14% = 33200萬美元 ÷ 24億美元(基於截至2024年6月的過去十二個月)。
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.14 in profit.
「回報」指的是過去十二個月的利潤。一個概念化這一點的方式是,對於每1美元的股東資本,公司賺取了0.14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?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定ROE作爲一個高效的盈利規模可以評估公司未來的收益。根據公司選擇再投資或保留多少利潤,我們可以評估公司未來盈利的能力。假設其他所有條件均保持不變,ROE和利潤留存率越高,相對於沒有這些特點的公司,公司的增長率就越高。
Matson's Earnings Growth And 14% ROE
Matson的盈利增長和14%的roe
To start with, Matson's ROE looks acceptable. Even when compared to the industry average of 12% the company's ROE looks quite decent. This probably goes some way in explaining Matson's significant 23% net income growth over the past five years amongst other factors. However, there could also be other drivers behind this growth. Such as - high earnings retention or an efficient management in place.
首先,Matson的roe看起來是可以接受的。即使與行業平均水平12%相比,公司的roe也相當不錯。這可能在一定程度上解釋了過去五年中Matson 23%的淨利潤增長以及其他因素。然而,這種增長背後也可能有其他推動因素。比如,高淨利潤保留率或者有效的管理機制。
We then compared Matson's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 40% in the same 5-year period, which is a bit concerning.
然後,我們將Matson的淨利潤增長與行業進行了比較,發現公司的增長速度低於同一5年時期內行業平均增長率40%,這有點令人擔憂。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is MATX fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是股票估值中的重要因素。投資者要知道市場是否已經充分定價了公司預期的盈利增長(或下降)。這有助於他們判斷股票是面臨光明未來還是黯淡未來。MATX是否被合理估值?關於公司內在價值的這個信息圖表有你想要了解的一切。
Is Matson Making Efficient Use Of Its Profits?
Matson是否有效利用其利潤?
Matson has a really low three-year median payout ratio of 6.9%, meaning that it has the remaining 93% left over to reinvest into its business. So it looks like Matson is reinvesting profits heavily to grow its business, which shows in its earnings growth.
Matson的三年中位數分紅比率非常低,爲6.9%,這意味着其有其餘的93%用於再投資業務。因此看起來Matson正在大量再投資利潤以擴大業務規模,這體現在其盈利增長中。
Additionally, Matson has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外,Matson至少連續十年支付股息,這意味着公司非常重視與股東分享利潤。
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 Matson's 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 a good amount of 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 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,我們認爲Matson的表現相當不錯。具體而言,我們喜歡公司以高回報率重新投資其利潤的巨額資金。當然,這導致公司的收入有相當程度的增長。鑑於最新的行業分析師預測,預計該公司的收入未來會有所減少。要了解更多關於公司未來收入增長預測的信息,請查看此免費報告,以獲取有關分析師對公司的預測的更多信息。
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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。