Is Mister Car Wash, Inc.'s (NASDAQ:MCW) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Mister Car Wash, Inc.'s (NASDAQ:MCW) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Mister Car Wash (NASDAQ:MCW) has had a great run on the share market with its stock up by a significant 15% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Mister Car Wash's ROE today.
Mister Car Wash(納斯達克:MCW)在股票市場上的表現非常出色,過去三個月其股票上漲了顯著的15%。我們想知道公司的財務狀況在這價格變動中起了什麼作用,因爲公司的長期基本面通常決定市場結果。特別是,今天我們將關注Mister Car Wash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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
ROE,即淨資產收益率,是評估公司如何有效地利用股東所投入的資金以產生回報的有用工具。簡單來說,它衡量了公司相對於股東權益的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益回報率?
The formula for ROE is:
ROE的公式是:
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 Mister Car Wash is:
因此,基於上述公式,Mister Car Wash的ROE爲:
7.5% = US$73m ÷ US$979m (Based on the trailing twelve months to September 2024).
7.5% = 7300萬美元 ÷ 97900萬美元(基於至2024年9月的過去十二個月數據)。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.07 in profit.
「收益」指的是公司過去一年的利潤。換句話說,對於每1美元的股本,公司能夠賺取0.07美元的凈利潤。
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. 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. 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是衡量公司未來收益的有效利潤生成指標。根據公司對這些利潤的再投資或「保留」多少,以及其有效性,我們能夠評估公司的收益增長潛力。假設其他情況相同,擁有更高股本回報率和更高利潤保留率的公司通常相較於沒有這些特徵的公司,增長率更高。
A Side By Side comparison of Mister Car Wash's Earnings Growth And 7.5% ROE
米斯特洗車的收益增長與7.5% ROE的並列比較
At first glance, Mister Car Wash's 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 15%. Despite this, surprisingly, Mister Car Wash saw an exceptional 29% net income growth over the past five years. So, there might be other aspects that are positively influencing the company's 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.
乍一看,米斯特洗車的ROE顯得並不樂觀。 我們將該公司的ROE與更廣泛的行業進行了比較,失望地發現ROE低於行業平均水平15%。 儘管如此,出人意料的是,米斯特洗車在過去五年裏實現了29%的凈利潤增長。因此,可能還有其他因素在積極影響公司的收益增長。例如,公司的管理層可能做出了一些良好的戰略決策,或者公司有着較低的分紅派息比率。
Next, on comparing with the industry net income growth, we found that Mister Car Wash's growth is quite high when compared to the industry average growth of 21% in the same period, which is great to see.
接下來,在與行業的凈利潤增長進行比較時,我們發現米斯特洗車的增長在同一時期內相比於行業平均增長21%相當高,這很令人欣慰。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Mister Car Wash is trading on a high P/E or a low P/E, relative to its industry.
對公司的估值基礎在很大程度上與其盈利增長相關。投資者應該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。這可以幫助他們判斷該股票未來是光明還是黯淡。預期盈利增長的一個良好指標是市盈率,它判斷市場願意爲股票支付的價格基於其盈利前景。因此,您可能需要檢查Mister Car Wash的市盈率是處於高位還是低位,相對於其行業。
Is Mister Car Wash Efficiently Re-investing Its Profits?
Mister Car Wash是否有效地重新投資其利潤?
Mister Car Wash doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Mister Car Wash並不向其股東支付任何定期分紅,這意味着該公司將所有的利潤重新投資於業務。這可能是推動上述高盈利增長數字的原因。
Conclusion
結論
Overall, we feel that Mister Car Wash certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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,我們認爲Mister Car Wash確實有一些積極的因素值得考慮。儘管回報率較低,該公司通過大量再投資於其業務取得了令人印象深刻的盈利增長。話雖如此,預計該公司的盈利增長將會放緩,正如當前分析師的預測所示。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?點擊這裏訪問我們分析師的公司預測頁面。
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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。
譯文內容由第三人軟體翻譯。