Visteon Corporation's (NASDAQ:VC) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Visteon Corporation's (NASDAQ:VC) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Visteon (NASDAQ:VC) has had a rough three months with its share price down 7.2%. 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. Particularly, we will be paying attention to Visteon's ROE today.
偉世通(納斯達克股票代碼:VC)過去三個月股價下跌了7.2%。但如果您仔細觀察,您可能會發現其強大的財務狀況意味着這支股票長期內有增值潛力,因爲市場通常會獎勵財務健康的公司。特別是,我們今天將會特別關注偉世通的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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或ROE是一項用於評估公司管理層如何利用公司資本的效率的關鍵指標。簡而言之,它用於評估公司相對於其股本資本的盈利能力。
How Do You Calculate Return On Equity?
如何計算淨資產收益率?
ROE can be calculated by using the formula:
roe可以通過以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤(來自持續經營) ÷ 股東權益
So, based on the above formula, the ROE for Visteon is:
因此,根據上述公式,偉世通的roe爲:
42% = US$532m ÷ US$1.3b (Based on the trailing twelve months to September 2024).
42% = 53200萬美元 ÷ 13億美元(基於截至2024年9月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.42.
「回報」是上一年度稅後收益。因此,這意味着該公司爲每個股東的投資創造了0.42美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
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。
Visteon's Earnings Growth And 42% ROE
偉世通的盈利增長和42%的roe
First thing first, we like that Visteon has an impressive ROE. Second, a comparison with the average ROE reported by the industry of 10% also doesn't go unnoticed by us. As a result, Visteon's exceptional 65% net income growth seen over the past five years, doesn't come as a surprise.
首先,我們喜歡偉世通有出色的roe。其次,與行業平均roe報告的10%相比,我們也不得不注意到。因此,過去五年間偉世通異常的65%淨利潤增長並不令我們感到意外。
We then compared Visteon's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 17% in the same 5-year period.
接着,我們將偉世通的淨利潤增長與行業進行了比較,很高興看到該公司的增長數字比同一5年期間行業的17%增長率更高。
Earnings growth is an important metric to consider when valuing a stock. 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. Has the market priced in the future outlook for VC? You can find out in our latest intrinsic value infographic research report.
盈利增長是估值股票時要考慮的重要指標。對於投資者來說,了解市場是否已經將公司預期的盈利增長(或下降)價格化很重要。這樣做將有助於他們確定股票的未來前景是光明還是暗淡。市場是否已經將對偉世通的未來展望價值貼現了?您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 Visteon Efficiently Re-investing Its Profits?
偉世通是否有效地再投資其利潤?
Visteon 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 high earnings growth number that we discussed above.
偉世通目前不支付任何常規股息,這基本上意味着它一直在將所有利潤重新投資到業務中。這無疑爲我們上面討論過的高盈利增長數字做出了貢獻。
Conclusion
結論
On the whole, we feel that Visteon's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們認爲偉世通的表現相當不錯。特別是,我們喜歡公司大量投資於業務,並且以很高的回報率再投資。不足爲奇地,這導致了令人印象深刻的盈利增長。儘管如此,根據最新的行業分析師預測,預計該公司的盈利未來將會收縮。要了解有關該公司最新分析師預測的更多信息,請查看該公司的分析師預測可視化。
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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。