Kimball Electronics, Inc. (NASDAQ:KE) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?
Kimball Electronics, Inc. (NASDAQ:KE) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?
Kimball Electronics' (NASDAQ:KE) stock is up by a considerable 21% over the past month. However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. Specifically, we decided to study Kimball Electronics' ROE in this article.
Kimball Electronics(納斯達克: KE)的股票在過去一個月內上漲了21%。 但是,我們決定關注公司的基本面,這些基本面似乎並沒有提供關於公司財務健康狀況的明確跡象。 具體來說,我們決定在本文中研究Kimball Electronics的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
淨資產收益率(ROE)是衡量公司增值和管理投資者資金有效性的測試。換句話說,它是一種盈利能力比率,用於衡量公司股東提供的資金回報率。
How Is ROE Calculated?
淨資產收益率怎麼計算?
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 Kimball Electronics is:
所以,基於上述公式,Kimball Electronics的roe爲:
2.4% = US$13m ÷ US$548m (Based on the trailing twelve months to September 2024).
2.4% = 1300萬美元 ÷ 54800萬美元(根據截至2024年9月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.02 in profit.
'回報'是指過去十二個月稅後盈利的金額。 另一種理解方式是,對於每1美元的淨資產,公司能夠賺取0.02美元的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係?
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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
我們已經確定,roe作爲一種有效的盈利預測工具,可爲公司未來的盈利能力提供參考。基於公司選擇重新投資或「保留」的利潤比例,我們可以評估其未來盈利能力。總的來說,在其他條件相等的情況下,roe和利潤保留比例高的公司比那些不具備這些特點的公司增長速度更快。
Kimball Electronics' Earnings Growth And 2.4% ROE
kimball electronics的盈利增長和2.4%的roe
As you can see, Kimball Electronics' ROE looks pretty weak. Not just that, even compared to the industry average of 10%, the company's ROE is entirely unremarkable. Therefore, the disappointing ROE therefore provides a background to Kimball Electronics' very little net income growth of 3.2% over the past five years.
正如您所看到的,kimball electronics的roe看起來相當疲軟。不僅如此,甚至與行業平均水平10%相比,公司的roe也完全不引人注目。因此,令人失望的roe爲kimball electronics過去五年裏極低的3.2%淨利潤增長提供了背景。
We then compared Kimball Electronics' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 14% in the same 5-year period, which is a bit concerning.
然後我們將kimball electronics的淨利潤增長與行業進行了對比,發現該公司的增長數字低於同一5年期間行業的14%平均增長率,這有點令人擔憂。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Is Kimball Electronics fairly valued compared to other companies? These 3 valuation measures might help you decide.
對公司進行估值的基礎在很大程度上取決於其盈利增長。投資者需要判斷的下一步是,預期的盈利增長已經反映在股價中,或者相反。這有助於他們判斷股票是看漲還是看跌。與其他公司相比,kimball electronics的估值是否合理?這3項估值指標可能會幫助您做出決定。
Is Kimball Electronics Using Its Retained Earnings Effectively?
kimball electronics是否有效利用留存收益?
Kimball Electronics doesn't pay any regular dividends, meaning that potentially all of its profits are being reinvested in the business. This doesn't explain the low earnings growth number that we discussed above. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
kimball electronics不支付任何定期股息,這意味着其所有利潤可能都被再投資到業務中。這無法解釋我們上面討論過的低盈利增長率。因此,可能有其他因素在起作用,這些因素可能會妨礙增長。例如,該業務面臨一些不利因素。
Summary
總結
On the whole, we feel that the performance shown by Kimball Electronics can be open to many interpretations. Even though it appears to be retaining most of its profits, given the low ROE, investors may not be benefitting from all that reinvestment after all. The low earnings growth suggests our theory correct. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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.
總的來說,我們認爲kimball electronics表現出的業績可能有多種解讀。儘管它似乎保留了大部分利潤,但鑑於較低的roe,投資者實際上可能並未從所有再投資中受益。低盈利增長表明我們的理論是正確的。話雖如此,最新的行業分析師預測顯示公司的盈利預計將加速。要了解更多有關公司未來盈利增長預測的信息,請查看有關公司分析師預測的免費報告。
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