Donaldson Company, Inc.'s (NYSE:DCI) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Donaldson Company, Inc.'s (NYSE:DCI) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Donaldson Company's (NYSE:DCI) stock up by 2.3% over the past month. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Specifically, we decided to study Donaldson Company's ROE in this article.
唐纳森公司(纽约证券交易所代码:DCI)的股票在过去一个月中上涨了2.3%。由于市场通常为公司的长期财务状况买单,因此我们决定研究公司的基本面,看看它们是否会影响市场。具体而言,我们决定在本文中研究唐纳森公司的投资回报率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率或投资回报率是股东需要考虑的重要因素,因为它告诉他们资本的再投资效率如何。简而言之,ROE显示了每美元为其股东投资产生的利润。
See our latest analysis for Donaldson Company
查看我们对唐纳森公司的最新分析
How Is ROE Calculated?
ROE 是如何计算的?
Return on equity can be calculated by using the formula:
股本回报率可以使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营)¥股东权益
So, based on the above formula, the ROE for Donaldson Company is:
因此,根据上述公式,唐纳森公司的投资回报率为:
27% = US$364m ÷ US$1.3b (Based on the trailing twelve months to October 2023).
27% = 3.64亿美元 ¥13亿美元(基于截至2023年10月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.27 in profit.
“回报” 是过去十二个月的税后收入。这意味着,每持有价值1美元的股东权益,公司就会产生0.27美元的利润。
What Has ROE Got To Do With Earnings Growth?
ROE 与收益增长有什么关系?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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,ROE衡量的是公司创造利润的效率。我们现在需要评估公司为未来增长再投资或 “保留” 了多少利润,这使我们对公司的增长潜力有所了解。一般而言,在其他条件相同的情况下,具有高股本回报率和利润保留率的公司的增长率要高于不具有这些属性的公司。
A Side By Side comparison of Donaldson Company's Earnings Growth And 27% ROE
唐纳森公司的收益增长和27%的投资回报率的并排比较
To begin with, Donaldson Company has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 15% the company's ROE is quite impressive. This probably laid the groundwork for Donaldson Company's moderate 8.2% net income growth seen over the past five years.
首先,唐纳森公司的投资回报率相当高,这很有趣。其次,即使与行业平均水平的15%相比,该公司的投资回报率也相当可观。这可能为唐纳森公司在过去五年中实现8.2%的温和净收入增长奠定了基础。
As a next step, we compared Donaldson Company's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 8.8% in the same period.
下一步,我们将唐纳森公司的净收入增长与该行业进行了比较,发现与同期8.8%的行业平均增长率相比,该公司的增长数字相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231211/0-6dc7f55c326bdb3208a8913fb3f7cca0-0-cfd2816cddcae724c0d3a2b5e9b4ccbd.png/big)
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. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for DCI? You can find out in our latest intrinsic value infographic research report.
收益增长是对股票进行估值时要考虑的重要指标。无论如何,投资者应设法确定预期的收益增长或下降是否已计入其中。然后,这可以帮助他们确定股票是为光明还是暗淡的未来而布局。市场对DCI的未来展望进行了定价吗?你可以在我们最新的内在价值信息图研究报告中找到答案。
Is Donaldson Company Using Its Retained Earnings Effectively?
唐纳森公司是否在有效使用其留存收益?
Donaldson Company has a three-year median payout ratio of 35%, which implies that it retains the remaining 65% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
唐纳森公司的三年中位数支付率为35%,这意味着它保留了剩余的65%的利润。这表明其股息得到了很好的保障,鉴于该公司的可观增长,管理层似乎正在有效地对其收益进行再投资。
Additionally, Donaldson Company has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 25% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
此外,唐纳森公司已在至少十年内派发了股息,这意味着该公司非常认真地与股东分享利润。在研究了分析师的最新共识数据后,我们发现该公司的未来派息率预计将在未来三年降至25%。尽管预期派息率较低,但该公司的投资回报率预计不会有太大变化。
Summary
摘要
On the whole, we feel that Donaldson Company's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总的来说,我们认为唐纳森公司的表现相当不错。特别是,我们喜欢该公司对其业务进行大量再投资,而且回报率很高。毫不奇怪,这带来了令人印象深刻的收益增长。最新的行业分析师预测显示,预计该公司将保持目前的增长率。要详细了解分析师对公司的最新预测,请查看该公司的分析师预测的可视化。
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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。