Visteon Corporation (NASDAQ:VC) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Visteon Corporation (NASDAQ:VC) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
It is hard to get excited after looking at Visteon's (NASDAQ:VC) recent performance, when its stock has declined 5.7% over the past three months. 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 Visteon's ROE in this article.
近期，伟世通（NASDAQ:VC）的股价下跌了5.7%，这让人们很难产生兴趣。然而，更加深入地了解该公司的财务状况可能会改变您的看法。鉴于基本面通常是长期市场业绩的驱动因素，因此值得关注该公司。尤其是，本文决定研究伟世通的roe。
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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或权益回报率是评估公司有效利用股东投资产生回报效率的有用工具。简而言之，roe显示每个股东投资所产生的利润。
How To Calculate Return On Equity?
如何计算股东权益报酬率？
The formula for ROE is:
roe的公式是：
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 Visteon is:
因此，根据上述公式，Visteon的roe为:
45% = US$511m ÷ US$1.1b (Based on the trailing twelve months to March 2024).
45% = 5.11亿美元÷11亿美元（截至2024年3月的过去十二个月）。
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.45 in profit.
“回报”指的是公司过去一年的收益。一个概念是，对于每1美元的股东资本，该公司实现了0.45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。
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. 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是衡量公司盈利能力的一个指标。现在我们需要评估公司再投资或“保留”未来增长所需的利润，然后我们可以大致了解公司的增长潜力。一般来说，在其他条件相等的情况下，具有高ROE和利润保留的公司比没有这些属性的公司具有更高的增长率。
Visteon's Earnings Growth And 45% ROE
伟世通的盈利增长和45%的roe
To begin with, Visteon has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 12% the company's ROE is quite impressive. So, the substantial 51% net income growth seen by Visteon over the past five years isn't overly surprising.
首先，伟世通的roe相当高，这很有趣。其次，在与12%的行业平均水平相比时，该公司的roe令人印象深刻。因此，伟世通在过去五年实现了可观的51%的净利润增长，这并不令人过于惊讶。
As a next step, we compared Visteon's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 14%.
作为下一步，我们将伟世通的净利润增长与行业进行了比较，令人高兴的是，我们发现该公司的增长高于行业14%的平均增长率。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. If you're wondering about Visteon's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
衡量公司价值的基础很大程度上取决于其盈利增长。投资者应该尝试确定预期的盈利增长或下降是否已被定价。这样做，他们将了解该股票是前往清晰的蓝色水域还是前往沼泽水域。如果您想了解伟世通的估值，请查看其市盈率与行业的对比。
Is Visteon Making Efficient Use Of Its Profits?
伟世通是否有效利用其利润？
Given that Visteon doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
考虑到伟世通不向股东支付任何普通股息，我们推断该公司一直在重新投资其所有利润以促进业务增长。
Summary
总的来说，我们对伟明环保的表现非常满意。具体而言，我们喜欢公司以高回报率再投资了其利润的很大一部分。当然，这导致公司的收益大幅增长。但是，最新的行业分析师预测表明，该公司的收益预计将加速增长。
In total, we are pretty happy with Visteon's performance. 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 sizeable growth in its earnings. That being so, according to the latest industry analyst forecasts, the company's earnings are expected to shrink in the future. 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，我们对伟世通的业绩相当满意。特别是，看到该公司大量投资于其业务，并且以高回报率为代价，实现了可观的盈利增长，这是非常好的。但是根据最新的行业分析师预测，该公司的盈利预计将会下降。这些分析师的预期是基于对行业整体预期，还是基于公司基本面？点击这里进入我们的分析师预测页面，了解更多详情。
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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