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Is Kinsale Capital Group, Inc.'s (NYSE:KNSL) Stock's Recent Performance A Reflection Of Its Financial Health?

Is Kinsale Capital Group, Inc.'s (NYSE:KNSL) Stock's Recent Performance A Reflection Of Its Financial Health?

Kinsale Capital Group,Inc.(紐交所:KNSL)的股票最近的表現是否反映了其財務健康?
Simply Wall St ·  01:33

Kinsale Capital Group's (NYSE:KNSL) stock is up by 4.7% over the past week. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Kinsale Capital Group's ROE.

Kinsale Capital Group(紐交所:KNSL)的股票在過去一週上漲了4.7%。鑑於市場長期看重強勁的財務狀況,我們想知道這種情況是否存在。在這篇文章中,我們決定關注Kinsale Capital Group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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

股東權益回報率(roe)是一種關鍵指標,用於評估公司管理層如何有效利用公司資本。更簡單地說,它衡量了公司相對股東權益的盈利能力。

How Do You Calculate Return On Equity?

如何計算淨資產收益率?

The formula for ROE is:

roe的公式是:

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 Kinsale Capital Group is:

因此,根據上述公式,Kinsale Capital Group的roe爲:

29% = US$409m ÷ US$1.4b (Based on the trailing twelve months to September 2024).

29% = US$40900萬 ÷ US$14億(基於截至2024年9月的過去十二個月)。

The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.29 in profit.

「回報」指的是每年的利潤。這意味着對於每1美元的股東權益,公司創造了0.29美元的利潤。

What Is The Relationship Between ROE And Earnings Growth?

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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.

到目前爲止,我們已經了解到ROE衡量了公司有效地利用其利潤的能力。根據公司再投資或「保留」的利潤量以及公司再投資利潤的效果,我們就能評估公司的盈利增長潛力。一般來說,其他條件相同,ROE高和盈利保留公司的成長率比沒有這些屬性的公司更高。

Kinsale Capital Group's Earnings Growth And 29% ROE

kinsale capital集團的盈利增長和29%的roe

First thing first, we like that Kinsale Capital Group has an impressive ROE. Second, a comparison with the average ROE reported by the industry of 14% also doesn't go unnoticed by us. As a result, Kinsale Capital Group's exceptional 38% net income growth seen over the past five years, doesn't come as a surprise.

首先,我們喜歡kinsale capital集團令人印象深刻的roe。其次,與行業報告的平均roe14%進行比較,我們也留意到。因此,kinsale capital集團過去五年中異常的38%淨利潤增長,並不讓我們感到意外。

Next, on comparing with the industry net income growth, we found that Kinsale Capital Group's growth is quite high when compared to the industry average growth of 12% in the same period, which is great to see.

接下來,與行業淨利潤增長進行比較,我們發現kinsale capital集團的增長相當高,與同期行業平均增長12%相比,這是令人高興的。

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NYSE:KNSL Past Earnings Growth November 8th 2024
紐交所:KNSL過去盈利增長2024年11月8日

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for KNSL? You can find out in our latest intrinsic value infographic research report.

盈利增長是估值股票時需要考慮的重要指標。投資者接下來需要判斷的是,預期的盈利增長或缺乏盈利增長是否已經融入股價。通過這樣做,他們將了解股票是走向清澈藍水還是等待泥濘水域。市場是否已經反映了Kinsale Capital的未來展望?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 Kinsale Capital Group Using Its Retained Earnings Effectively?

kinsale capital集團是否有效利用其留存盈利?

Kinsale Capital Group's three-year median payout ratio to shareholders is 6.5%, which is quite low. This implies that the company is retaining 93% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

kinsale capital集團向股東的三年中位股息支付比率爲6.5%,相當低。這意味着公司留存了93%的利潤。這表明管理層正在重新投資大部分利潤以促進業務增長,這一點表現在公司的增長上。

Moreover, Kinsale Capital Group is determined to keep sharing its profits with shareholders which we infer from its long history of eight years of paying a dividend. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 3.1% over the next three years. However, the company's ROE is not expected to change by much despite the lower expected payout ratio.

此外,kinsale capital集團決心繼續與股東分享利潤,這一點可以從其長達八年的派息歷史推斷出。在研究最新分析師一致數據時,我們發現公司未來的股息支付比率預計在未來三年內下降到3.1%。然而,儘管預期的股息支付比率降低,公司的roe預計不會有很大變化。

Conclusion

結論

On the whole, we feel that Kinsale Capital Group'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 substantial growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

總體而言,我們認爲kinsale capital集團的表現相當不錯。具體來說,我們喜歡這家公司以高回報率將其利潤的大部分再投資。當然,這導致了公司利潤的大幅增長。鑑於此,最新分析師預測的研究顯示,預計公司未來利潤增長將放緩。要了解更多關於該公司最新分析師預測的信息,請查看該公司的分析師預測可視化。

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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.

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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。


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