Declining Stock and Solid Fundamentals: Is The Market Wrong About Genpact Limited (NYSE:G)?
Declining Stock and Solid Fundamentals: Is The Market Wrong About Genpact Limited (NYSE:G)?
With its stock down 4.3% over the past month, it is easy to disregard Genpact (NYSE:G). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Genpact's ROE in this article.
由于其股价在过去一个月中下跌了4.3%,因此很容易忽视Genpact(纽约证券交易所代码:G)。但是,仔细观察其稳健的财务状况可能会让您重新考虑。鉴于基本面通常会推动长期市场业绩,该公司值得一看。具体而言,我们决定在本文中研究Genpact的投资回报率。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。换句话说,它揭示了公司成功地将股东投资转化为利润。
See our latest analysis for Genpact
查看我们对 Genpact 的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
Return on equity can be calculated by using the formula:
股本回报率可以通过使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Genpact is:
因此,根据上述公式,Genpact的投资回报率为:
21% = US$408m ÷ US$1.9b (Based on the trailing twelve months to June 2023).
21% = 4.08亿美元 ¥19亿美元(基于截至2023年6月的过去十二个月)。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.21 in profit.
“回报” 是过去十二个月的利润。这意味着,每持有价值1美元的股东权益,公司就会产生0.21美元的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系?
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。一般而言,在其他条件相同的情况下,股本回报率和利润留存率高的公司的增长率要高于不具有这些属性的公司。
Genpact's Earnings Growth And 21% ROE
Genpact的收益增长和21%的投资回报率
At first glance, Genpact seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 14%. This probably laid the ground for Genpact's moderate 6.9% net income growth seen over the past five years.
乍一看,Genpact的投资回报率似乎不错。此外,该公司的投资回报率与行业平均水平的14%相比相当不错。这可能为Genpact在过去五年中实现6.9%的温和净收入增长奠定了基础。
We then compared Genpact's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 13% in the same 5-year period, which is a bit concerning.
然后,我们将Genpact的净收入增长与该行业进行了比较,发现该公司的增长数字低于同期13%的行业平均增长率,这有点令人担忧。
Earnings growth is a huge factor in stock valuation. 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. 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 Genpact is trading on a high P/E or a low P/E, relative to its industry.
收益增长是股票估值的重要因素。投资者接下来需要确定的是,预期的收益增长或缺乏收益增长是否已经包含在股价中。通过这样做,他们将知道这只股票是进入清澈的蓝色海水还是沼泽水域在等着你。衡量预期收益增长的一个很好的指标是市盈率,它根据收益前景决定了市场愿意为股票支付的价格。因此,您可能需要检查Genpact相对于其行业而言是高市盈率还是低市盈率。
Is Genpact Efficiently Re-investing Its Profits?
Genpact 能否有效地对其利润进行再投资?
In Genpact's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 24% (or a retention ratio of 76%), which suggests that the company is investing most of its profits to grow its business.
就Genpact而言,其可观的收益增长可能是由于其三年期中位数支付率较低,为24%(或留存率为76%),这表明该公司正在将大部分利润投资于业务增长。
Besides, Genpact has been paying dividends over a period of seven years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 17% 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,Genpact在七年内一直在派发股息。这表明该公司致力于与股东分享利润。在研究了最新的分析师共识数据后,我们发现该公司的未来派息率预计将在未来三年内降至17%。但是,尽管预期的支付率较低,但该公司的投资回报率预计不会有太大变化。
Conclusion
结论
On the whole, we feel that Genpact's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a respectable growth in its earnings. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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.
总的来说,我们认为Genpact的表现相当不错。特别是,很高兴看到该公司正在对其业务进行大量投资,再加上高回报率,这使其收益实现了可观的增长。尽管如此,最新的分析师预测显示,该公司的收益将继续增长。要进一步了解公司未来的收益增长预测,请看这个 免费的 报告分析师对公司的预测,以了解更多信息。
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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。