Semrush Holdings, Inc.'s (NYSE:SEMR) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Semrush Holdings, Inc.'s (NYSE:SEMR) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Semrush Holdings' (NYSE:SEMR) stock is up by a considerable 39% over the past three months. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. Specifically, we decided to study Semrush Holdings' ROE in this article.
过去三个月，Semrush Holdings（纽交所：SEMR）的股票价格上涨了39％。然而，我们不知道该公司不一致的财务表现是否会对当前股价动能产生任何不利影响。具体来说，本文我们决定研究Semrush Holdings的净资产收益率（ROE）。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
净资产收益率（ROE）是评估公司管理层利用股东提供的资本效率的关键指标。换句话说，它是一种衡量公司股东提供的资本享受到的回报率的盈利能力比率。
How Do You Calculate Return On Equity?
怎样计算ROE?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润（从持续经营中获得）÷ 股东权益
So, based on the above formula, the ROE for Semrush Holdings is:
因此，根据以上公式，Semrush Holdings的ROE为：
5.5% = US$13m ÷ US$231m (Based on the trailing twelve months to March 2024).
5.5％= US $ 13m ÷ US $ 231m（基于截至2024年3月的过去十二个月）。
The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.06 in profit.
“回报”是年利润。一种概念化的方法是，对于每1美元的股东资本，该公司获得了0.06美元的利润。
What Is The Relationship Between ROE And Earnings Growth?
既然我们已经确定ROE是一种有效的利润生成标准，用于评估公司未来的盈利能力，我们现在需要评估公司“保留”为未来增长而重新投资的利润多少，这使我们对公司的增长潜力有了一个了解。一般而言，在其他条件相等的情况下，ROE和利润留存高的公司，增长率比没有这些属性的公司要高。
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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.
我们已经确定ROE作为一个有效的盈利生成规则，可以用来评估公司未来的盈利能力。基于公司选择重新投资或“保留”的利润数量，我们能够评估公司未来盈利能力。一般来说，在其他条件相等的情况下，具有高净资产收益率和利润留存的公司，比没有这些属性的公司具有更高的增长率。
Semrush Holdings' Earnings Growth And 5.5% ROE
Semrush Holdings的盈利增长和5.5％的ROE
At first glance, Semrush Holdings' ROE doesn't look very promising. Next, when compared to the average industry ROE of 11%, the company's ROE leaves us feeling even less enthusiastic. Therefore, it might not be wrong to say that the five year net income decline of 17% seen by Semrush Holdings was probably the result of it having a lower ROE. We believe that there also might be other aspects that are negatively influencing the company's earnings prospects. Such as - low earnings retention or poor allocation of capital.
乍一看，Semrush Holdings的ROE看起来并不是很有希望。然后，与平均行业ROE相比较，公司的ROE也让我们感到更加不热情。因此，可以说Semrush Holdings的五年净利润下降了17％，可能是其具有较低ROE的结果。我们认为，可能还有其他方面对公司的盈利前景产生了负面影响，例如低盈利保留或资本配置不佳。
That being said, we compared Semrush Holdings' performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 15% in the same 5-year period.
话虽如此，我们将Semrush Holdings的表现与行业相比较，当我们发现在同一5年周期内，尽管该公司已经缩减了其收益，但行业基本已经增长了15％时，我们很担心。
NYSE:SEMR Past Earnings Growth June 4th 2024
纽交所：SEMR 过去的收益增长
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. This then helps them determine if the stock is placed for a bright or bleak future. Is Semrush Holdings fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是评估股票价值时需要考虑的一个重要指标。接下来，投资者需要判断期望的盈利增长或其缺失是否已经内在地反映在股价中。这有助于他们判断股票的未来是否光明还是暗淡。Semrush Holdings与其他公司相比是否公正？这3种评估指标可能会对您做出决策产生帮助。
Is Semrush Holdings Efficiently Re-investing Its Profits?
Semrush Holdings是否有效地重新投资其利润？
Semrush Holdings doesn't pay any regular dividends, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
Semrush Holdings不支付任何普通股息，这意味着公司的所有利润可能都被重新投资于业务中，如果所有利润都被保留，这并不能解释为什么公司的收益会缩减。因此，可能还有其他因素在起作用，这些因素可能会潜在地阻碍增长。例如，该业务面临了一些阻碍。
Conclusion
最后，总的来说，我们对阿拉莫集团的表现非常满意。特别是，公司在大量投资业务和高回报率方面表现出色，这导致其盈利规模的显着增长。但是，最新分析师预测的研究表明，预计该公司未来的盈利增长将放缓。
On the whole, we feel that the performance shown by Semrush Holdings can be open to many interpretations. Even though it appears to be retaining most of its profits, given the low ROE, investors may not be benefitting from all that reinvestment after all. The low earnings growth suggests our theory correct. Having said that, looking at current analyst estimates, we found that the company's earnings growth rate is expected to see a huge improvement. 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.
总体而言，我们认为Semrush Holdings的表现可以有许多解释。尽管它似乎正在保留大部分利润，但考虑到ROE偏低，投资者可能并没有从所有的再投资中受益。低企业盈利增长证实了我们的理论。即使如此，查看当前的分析师预测，我们发现该公司的盈利增长率有望大幅改善。这些分析师的预测是基于行业的广泛预期还是基于公司的基本面？单击此处以转到本公司的分析师预测页面。
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