Does The Market Have A Low Tolerance For Roper Technologies, Inc.'s (NASDAQ:ROP) Mixed Fundamentals?
Does The Market Have A Low Tolerance For Roper Technologies, Inc.'s (NASDAQ:ROP) Mixed Fundamentals?
It is hard to get excited after looking at Roper Technologies' (NASDAQ:ROP) recent performance, when its stock has declined 6.2% over the past month. We, however decided to study the company's financials to determine if they have got anything to do with the price decline. Long-term fundamentals are usually what drive market outcomes, so it's worth paying close attention. Particularly, we will be paying attention to Roper Technologies' ROE today.
在看到儒博實業(納斯達克:ROP)最近的表現後,很難再感到興奮,因爲該公司的股票在過去一個月中下跌了6.2%。然而,我們決定研究公司的財務狀況,以判斷它們是否與價格下跌有關。長期的基本面通常是市場結果的驅動因素,因此值得密切關注。特別是,今天我們將關注儒博實業的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. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率(ROE)是用於評估公司管理層如何有效利用公司資本的關鍵指標。換句話說,它揭示了公司將股東投資轉化爲利潤的成功程度。
How To Calculate Return On Equity?
如何計算股東權益回報率?
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
股東權益回報率 = 凈利潤(來自持續運營)÷ 股東權益
So, based on the above formula, the ROE for Roper Technologies is:
基於上述公式,儒博實業的ROE爲:
7.9% = US$1.5b ÷ US$19b (Based on the trailing twelve months to September 2024).
7.9% = US$15億 ÷ US$190億(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 $0.08.
「回報」是過去十二個月扣稅後的收益。因此,這意味着對於每1美元股東的投資,公司產生0.08美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
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 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.
我們已經確定,ROE 是公司未來盈利的有效利潤生成指標。根據公司選擇留存或「保留」的利潤,我們能夠評估公司未來產生利潤的能力。在其他條件相同的情況下,擁有更高權益回報率和利潤留存的公司通常比較沒有這些特徵的公司具有更高的增長率。
Roper Technologies' Earnings Growth And 7.9% ROE
儒博實業的盈利增長和7.9%的ROE
At first glance, Roper Technologies' ROE doesn't look very promising. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 12%. Hence, the flat earnings seen by Roper Technologies over the past five years could probably be the result of it having a lower ROE.
乍一看,儒博實業的ROE似乎不太樂觀。我們隨後將公司的ROE與更廣泛的行業板塊進行了比較,失望地看到ROE低於行業平均水平的12%。因此,儒博實業在過去五年裏看到的盈利持平,可能是由於其ROE較低。
As a next step, we compared Roper Technologies' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 20% in the same period.
接下來,我們將儒博實業的凈利潤增長與行業板塊進行了比較,失望地看到公司的增長低於同一時期行業平均增長20%。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for ROP? You can find out in our latest intrinsic value infographic research report.
盈利增長是評估股票時一個重要的指標。投資者應嘗試判斷預期的盈利增長或下降,無論是哪種情況,是否已經反映在股價中。這樣做將幫助他們判斷該股票的未來是看起來樂觀還是悲觀。市場是否考慮了儒博實業的未來前景?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 Roper Technologies Using Its Retained Earnings Effectively?
儒博實業是否有效利用其留存收益?
Despite having a moderate three-year median payout ratio of 27% (meaning the company retains73% of profits) in the last three-year period, Roper Technologies' earnings growth was more or les flat. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
儘管在過去三年期間,其三年期中位數分紅比率爲27%(意味着公司保留73%的利潤),儒博實業的盈利增長大致持平。因此,可能還有其他原因來解釋這一缺乏。例如,業務可能正在下滑。
Moreover, Roper Technologies has been paying dividends for at least ten years or more suggesting that management must have perceived that the shareholders prefer dividends over earnings growth. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 18% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
此外,儒博實業已經連續支付分紅至少十年,這表明管理層一定認爲股東更青睞分紅而非盈利增長。在研究最新的分析師共識數據後,我們發現該公司的未來分紅比率預計將在未來三年內降至18%。儘管預計的分紅比率降低,但公司的ROE預計不會有太大變化。
Conclusion
結論
In total, we're a bit ambivalent about Roper Technologies' performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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.
總體而言,我們對儒博實業的表現有些模棱兩可。雖然該公司的利潤留存率很高,但其低迴報率可能妨礙了其盈利增長。也就是說,最新的行業分析師預測顯示,該公司的盈利預計將加速。這些分析師的預期是基於行業的整體預期,還是基於公司的基本面?點擊這裏查看我們分析師對該公司的預測頁面。
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這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。
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