Is Warrior Met Coal, Inc.'s (NYSE:HCC) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Warrior Met Coal, Inc.'s (NYSE:HCC) Recent Stock Performance Tethered To Its Strong Fundamentals?
Most readers would already be aware that Warrior Met Coal's (NYSE:HCC) stock increased significantly by 15% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Warrior Met Coal's ROE in this article.
大多数读者已经意识到,Warrior Met Coal(纽约证券交易所代码:HCC)的股票在过去三个月中大幅上涨了15%。鉴于从长远来看,市场会奖励强劲的财务状况,我们想知道在这种情况下是否如此。具体而言,我们决定在本文中研究 Warrior Met Coal 的投资回报率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回报率或投资回报率是对公司增值和管理投资者资金的有效性的考验。换句话说,它是衡量公司股东提供的资本回报率的盈利比率。
How Do You Calculate Return On Equity?
你如何计算股本回报率?
The formula for return on equity is:
股本回报率的公式是:
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 Warrior Met Coal is:
因此,根据上述公式,Warrior Met Coal的投资回报率为:
22% = US$433m ÷ US$2.0b (Based on the trailing twelve months to March 2024).
22% = 4.33亿美元 ÷ 20亿美元(基于截至2024年3月的过去十二个月)。
The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.22 in profit.
“回报” 是每年的利润。这意味着,每获得价值1美元的股东权益,该公司就会产生0.22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 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.
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。假设其他条件都一样,与功能不相同的公司相比,具有更高股本回报率和更高利润保留率的公司通常具有更高的增长率。
Warrior Met Coal's Earnings Growth And 22% ROE
Warrior Met Coal 的收益增长和 22% 的投资回报率
To begin with, Warrior Met Coal seems to have a respectable ROE. Especially when compared to the industry average of 10% the company's ROE looks pretty impressive. This probably laid the ground for Warrior Met Coal's moderate 10% net income growth seen over the past five years.
首先,Warrior Met Coal的投资回报率似乎相当不错。特别是与行业平均水平的10%相比,该公司的投资回报率看起来相当可观。这可能为Warrior Met Coal在过去五年中实现10%的温和净收入增长奠定了基础。
As a next step, we compared Warrior Met Coal's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 25% in the same period.
下一步,我们将Warrior Met Coal的净收入增长与该行业进行了比较,并失望地看到该公司的增长低于同期25%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240524/0-2d89910f693fde35a75dfbe68b6d9af9-0-7b056fe56918b92b04e32eed5b28eb34.png/big)
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is HCC fairly valued? This infographic on the company's intrinsic value has everything you need to know.
收益增长是股票估值的重要因素。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。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。HCC 的价值是否合理?这张关于公司内在价值的信息图包含了你需要知道的一切。
Is Warrior Met Coal Using Its Retained Earnings Effectively?
Warrior Met Coal 能否有效利用其留存收益?
Warrior Met Coal's three-year median payout ratio to shareholders is 1.9% (implying that it retains 98% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
Warrior Met Coal的三年股东派息率中位数为1.9%(这意味着它保留了98%的收入),处于较低水平,因此管理层似乎正在大量再投资利润以发展其业务。
Additionally, Warrior Met Coal has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 4.5% over the next three years. Accordingly, the expected increase in the payout ratio explains the expected decline in the company's ROE to 15%, over the same period.
此外,Warrior Met Coal已在七年内派发了股息,这意味着该公司非常认真地与股东分享利润。从目前的分析师共识数据来看,我们可以看出,该公司的未来派息率预计将在未来三年内升至4.5%。因此,派息率的预期增长解释了该公司同期的投资回报率预计将下降至15%。
Summary
摘要
On the whole, we feel that Warrior Met Coal'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. As a result, the decent growth in its earnings is not surprising. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. 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.
总的来说,我们认为 Warrior Met Coal 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。因此,其收益的体面增长不足为奇。话虽如此,在研究最新的分析师预测时,我们发现,尽管该公司过去的收益有所增长,但分析师预计其未来收益将萎缩。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。
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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。