ServiceNow, Inc.'s (NYSE:NOW) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
ServiceNow, Inc.'s (NYSE:NOW) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Most readers would already be aware that ServiceNow's (NYSE:NOW) stock increased significantly by 6.2% over the past month. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to ServiceNow's ROE today.
大多数读者可能已经意识到，Servicenow（纽交所：NOW）的股票在过去的一个月里增长了6.2％。由于市场通常会为公司的长期基本面付费，我们决定研究公司的关键绩效指标，以查看它们是否可能影响市场。特别是我们今天将关注Servicenow的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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或ROE是一项用于评估公司管理层如何利用公司资本的效率的关键指标。简而言之，它用于评估公司相对于其股本资本的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算？
The formula for return on equity is:
权益回报率的计算公式是：
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 ServiceNow is:
因此，根据上述公式，ServiceNow的ROE为：
24% = US$1.9b ÷ US$8.1b (Based on the trailing twelve months to March 2024).
24％= US $1.9b ÷ US $8.1b（基于截至2024年3月的过去十二个月）。
The 'return' is the profit over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.24.
“回报”是过去十二个月的利润。这意味着对于其股东投资的每1美元，该公司会产生0.24美元的利润。
Why Is ROE Important For Earnings Growth?
ROE对于盈利增长的重要性是什么？
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roe是公司利润能力的一个衡量标准，现在我们需要评估公司再投资或“保留”的利润，以此来了解公司的增长潜力。假设其他所有因素保持不变，roe和利润保留率越高，公司的增长速度就越高，相对于不一定具备这些特征的公司而言。
ServiceNow's Earnings Growth And 24% ROE
Servicenow的盈利增长和24％的ROE
To begin with, ServiceNow has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 12% which is quite remarkable. Under the circumstances, ServiceNow's considerable five year net income growth of 45% was to be expected.
首先，Servicenow的ROE相当高，这很有趣。此外，公司的ROE比行业平均水平高12％，这相当引人注目。在这种情况下，Servicenow在五年内实现了45％的可观净收入增长，这是可以预期的。
As a next step, we compared ServiceNow'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 13%.
作为下一步，我们与行业比较了Servicenow的净收入增长，令人高兴的是，我们发现公司的增长高于行业平均增长13％。
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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is NOW fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增长是考虑估值股票时要考虑的重要指标。投资者应努力确定是否已经定价了预期的盈利增长或下降。通过这样做，他们将知道股票是朝着清澈的蓝水前进还是等待泥泞的水域。现在是否是公平定价？该公司固有价值的这张信息图表包含您所需的一切。
Is ServiceNow Using Its Retained Earnings Effectively?
ServiceNow有效地使用了其滞留收益吗？
ServiceNow doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
ServiceNow目前没有支付任何定期股息，这基本上意味着它一直在将其所有利润投资于业务中。这绝对有助于上述高盈利增长率的数字。
Conclusion
结论
Overall, we are quite pleased with ServiceNow'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, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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，我们对ServiceNow的表现相当满意。特别是，看到公司大力投资于业务，并且在高回报率的同时，利润增长也非常可观，这非常好。尽管如此，最新分析师预测的研究表明，该公司预计未来的盈利增长将放缓。要了解有关该公司最新分析师预测的更多信息，请查看此可视化分析师对该公司的预测。
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
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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