MasterBrand, Inc.'s (NYSE:MBC) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
MasterBrand, Inc.'s (NYSE:MBC) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
MasterBrand (NYSE:MBC) has had a great run on the share market with its stock up by a significant 27% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on MasterBrand's ROE.
MasterBrand(纽约证券交易所代码:MBC)在股票市场上表现良好,其股票在过去三个月中大幅上涨了27%。鉴于股票价格通常与公司的长期财务表现一致,我们决定更仔细地研究其财务指标,看看它们在近期的价格走势中是否有机会发挥作用。在本文中,我们决定重点介绍MasterBrand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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或投资回报率是股东需要考虑的重要因素,因为它可以告诉他们资本再投资的有效性。简而言之,它用于评估公司相对于其股权资本的盈利能力。
View our latest analysis for MasterBrand
查看我们对 MasterBrand 的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率?
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算:
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 MasterBrand is:
因此,根据上述公式,MasterBrand的投资回报率为:
14% = US$161m ÷ US$1.2b (Based on the trailing twelve months to September 2023).
14% = 1.61亿美元 ÷ 12亿美元(基于截至2023年9月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.14 in profit.
“回报” 是过去十二个月的税后收入。另一种思考方式是,公司每持有价值1美元的股权,就能获得0.14美元的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
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。现在,我们需要评估公司再投资或 “保留” 了多少利润以用于未来的增长,从而使我们对公司的增长潜力有所了解。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。
MasterBrand's Earnings Growth And 14% ROE
MasterBrand的收益增长和14%的投资回报率
At first glance, MasterBrand seems to have a decent ROE. Even so, when compared with the average industry ROE of 18%, we aren't very excited. However, the moderate 7.1% net income growth seen by MasterBrand over the past five years is definitely a positive. Therefore, the growth in earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently. Bear in mind, the company does have a respectable level of ROE. It is just that the industry ROE is higher. So this also provides some context to the earnings growth seen by the company.
乍一看,MasterBrand的投资回报率似乎不错。即便如此,与18%的行业平均投资回报率相比,我们还是不太兴奋。但是,MasterBrand在过去五年中实现了7.1%的温和净收入增长,这绝对是积极的。因此,收益的增长可能是由其他变量造成的。例如,该公司的派息率较低或管理效率很高。请记住,该公司的投资回报率确实相当可观。只是行业的投资回报率更高。因此,这也为公司的收益增长提供了一些背景信息。
We then compared MasterBrand'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MasterBrand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。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240117/0-30a477016f0f16b826f9b2190f0ad240-0-a123eb7b562961016e77b893d403b802.png/big)
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. If you're wondering about MasterBrand's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是对股票进行估值时要考虑的重要指标。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。通过这样做,他们将知道股票是走向清澈的蓝色海水还是沼泽水域在等着呢。如果你想知道MasterBrand的估值,可以看看这个衡量其市盈率与行业相比的指标。
Is MasterBrand Efficiently Re-investing Its Profits?
MasterBrand 是否有效地将其利润再投资?
MasterBrand doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above.
MasterBrand目前不支付任何股息,这实质上意味着它一直在将所有利润再投资于该业务。这无疑有助于实现我们上面讨论的可观的收入增长数字。
Conclusion
结论
In total, it does look like MasterBrand has some positive aspects to its business. Specifically, we like that the company is reinvesting a huge chunk of its profits at a respectable rate of return. This of course has caused the company to see a good amount of growth in its earnings. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 2 risks we have identified for MasterBrand visit our risks dashboard for free.
总的来说,MasterBrand的业务看起来确实有一些积极的方面。具体而言,我们喜欢该公司以可观的回报率再投资其利润的很大一部分。当然,这使该公司的收益实现了可观的增长。虽然我们不会完全解散公司,但我们要做的是努力确定业务的风险,以便在公司周围做出更明智的决定。要了解我们为MasterBrand确定的两种风险,请免费访问我们的风险控制面板。
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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。