CBIZ, Inc.'s (NYSE:CBZ) Stock Is Going Strong: Is the Market Following Fundamentals?
CBIZ, Inc.'s (NYSE:CBZ) Stock Is Going Strong: Is the Market Following Fundamentals?
CBIZ's (NYSE:CBZ) stock is up by a considerable 8.8% over the past month. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on CBIZ's ROE.
CBIZ(紐交所:CBZ)的股票在過去一個月中上漲了相當可觀的8.8%。鑑於該公司的出色表現,我們決定更仔細地研究其財務指標,因爲公司的長期財務狀況通常決定市場結果。在本文中,我們決定聚焦於CBIZ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 Is ROE Calculated?
淨資產收益率怎麼計算?
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 CBIZ is:
如此,基於上述公式,CBIZ的roe爲:
13% = US$119m ÷ US$928m (Based on the trailing twelve months to September 2024).
13% = 11900萬美元 ÷ 92800萬美元(基於截至2024年9月的過去十二個月)。
The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.13 in profit.
'回報'是每年的利潤。一個概念化的方法是,在每$1的股東資本中,公司賺取了$0.13的利潤。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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 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是衡量公司盈利能力的一個指標。基於公司選擇重新投資或「留存」的利潤比例,我們可以評估公司未來產生利潤的能力。其他因素相等的情況下,roe和利潤留存率都較高的公司通常比沒有這些特徵的公司增長率更高。
CBIZ's Earnings Growth And 13% ROE
CBIZ的盈利增長和13%的roe
To begin with, CBIZ seems to have a respectable ROE. Be that as it may, the company's ROE is still quite lower than the industry average of 16%. CBIZ was still able to see a decent net income growth of 13% over the past five years. So, there might be other aspects that are positively influencing earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. Bear in mind, the company does have a respectable level of ROE. It is just that the industry ROE is higher. So this also provides some context to the earnings growth seen by the company.
首先,CBIZ似乎具有可觀的roe。儘管如此,該公司的roe仍然遠低於行業平均水平16%。CBIZ在過去五年中仍然能夠看到13%的淨利潤增長。因此,可能還有其他積極影響盈利增長的方面。例如,公司管理層可能已經做出了一些明智的戰略決策,或者公司的股息支付比率較低。請注意,該公司的roe水平可觀。只是行業roe更高。因此,這也爲公司所看到的盈利增長提供了一些背景。
As a next step, we compared CBIZ's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 10%.
作爲下一步,我們將CBIZ的淨利潤增長與行業進行了比較,令人高興的是,我們發現該公司所見到的增長高於平均行業增長率10%。
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). Doing so will help them establish if the stock's future looks promising or ominous. What is CBZ worth today? The intrinsic value infographic in our free research report helps visualize whether CBZ is currently mispriced by the market.
盈利增長是股票估值的重要因素。投資者了解市場是否已經將公司預期的盈利增長(或下降)計價至關重要。這樣做將有助於他們判斷股票的未來是看漲還是看跌。CBZ今天值多少錢?我們免費研究報告中的內在價值信息圖表可以幫助您了解CBZ當前是否被市場錯誤定價。
Is CBIZ Using Its Retained Earnings Effectively?
CBIZ是否有效利用留存收益?
CBIZ doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above.
CBIZ目前不支付常規股息,這基本上意味着它一直在將所有利潤重新投資到業務中。這絕對有助於前面討論過的不錯的盈利增長數字。
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。
In total, we are pretty happy with CBIZ's performance. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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.
總的來說,我們對CBIZ的表現感到非常滿意。特別是,很高興看到公司的盈利顯著增長,支撐着可觀的roe和高再投資率。話雖如此,從當前分析師預測來看,我們發現公司的盈利預計將獲得動力。這些分析師的預期是基於行業的廣泛預期,還是基於公司的基本面?點擊這裏轉到我們公司的分析師預測頁面。
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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。