Do Its Financials Have Any Role To Play In Driving Golar LNG Limited's (NASDAQ:GLNG) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Golar LNG Limited's (NASDAQ:GLNG) Stock Up Recently?
Most readers would already be aware that Golar LNG's (NASDAQ:GLNG) stock increased significantly by 28% over the past 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. Specifically, we decided to study Golar LNG's ROE in this article.
大多数读者都已经意识到,过去三个月Golar LNG(NASDAQ: GLNG)的股价上涨了28%。考虑到股票价格通常与公司的长期财务表现相一致,我们决定更仔细地研究其财务指标,以了解它们是否在最近的价格走势中起了作用。本文特别研究了Golar LNG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. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回报率或roe是一项关键指标,用于评估公司管理层使用公司资本的效率。换句话说,它揭示了公司将股东的投资转化为利润的成功。
How Is ROE Calculated?
净资产收益率怎么计算?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算:
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 Golar LNG is:
因此,根据上述公式,Golar LNG的ROE为:
5.9% = US$156m ÷ US$2.7b (Based on the trailing twelve months to March 2024).
5.9% = 1.56亿美元 ÷ 27亿美元(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 $0.06.
“回报率”是过去十二个月的利润。这意味着,公司每投资股东1美元,就可以获得0.06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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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,我们已经了解了ROE衡量公司产生利润的效率。现在,我们需要评估公司为未来增长“留存”的利润或“保留”多少,这就让我们对公司的增长潜力有了一个想法。一般来说,其他条件相同的情况下,ROE和利润保留较高的公司比没有这些属性的公司具有更高的增长率。
Golar LNG's Earnings Growth And 5.9% ROE
Golar LNG的盈利增长和5.9%的ROE
At first glance, Golar LNG's ROE doesn't look very promising. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 18% either. In spite of this, Golar LNG was able to grow its net income considerably, at a rate of 54% in the last five years. Therefore, there could be other reasons behind this growth. Such as - high earnings retention or an efficient management in place.
乍一看,Golar LNG的ROE看起来并不是很有前途。进一步的快速研究显示,该公司的ROE与行业平均水平18%相比也并不占优势。尽管如此,在过去五年中,Golar LNG能够显著增长净利润,增幅为54%。因此,该增长背后可能有其他原因,例如高利润保留或有效的管理。
Next, on comparing with the industry net income growth, we found that Golar LNG's growth is quite high when compared to the industry average growth of 38% in the same period, which is great to see.
接下来,与行业净利润增长进行比较,我们发现Golar LNG的增长相当高,比同期行业平均增长38%要高得多,这是非常好的。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240702/0-523a79420c6d471e74fbca7587cf4b3d-0-5882e7b3efb58cdee3b1af03586dbcee.png/big)
Earnings growth is a huge factor in stock valuation. 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 Golar LNG's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是股票估值的一个重要因素。投资者需要判断的下一步是,预期的盈利增长或缺乏盈利增长是否已经反映在股票价格中。通过这样做,他们将对股票是否即将进入清晰的蓝色水域或即将进入沼泽水域有一个想法。如果您想了解Golar LNG的估值,请查看其市盈率与同行业的比较。
Is Golar LNG Efficiently Re-investing Its Profits?
Golar LNG是否有效地重新投资其利润?
Golar LNG's significant three-year median payout ratio of 54% (where it is retaining only 46% of its income) suggests that the company has been able to achieve a high growth in earnings despite returning most of its income to shareholders.
Golar LNG重要的三年平均派息比率高达54%(仅留下46%的收入),表明即使大部分收入返还给股东,该公司仍能实现高增长。
Moreover, Golar LNG is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 56%. Still, forecasts suggest that Golar LNG's future ROE will rise to 8.4% even though the the company's payout ratio is not expected to change by much.
此外,Golar LNG决心与股东共享利润,这可以从其至少十年的派息历史中推断出。我们最新的分析师数据显示,未来三年公司的派息比率预计约为56%。尽管如此,预测表明Golar LNG的未来ROE将上升至8.4%,即使该公司的派息比率不会有太大变化。
Conclusion
结论
In total, it does look like Golar LNG has some positive aspects to its business. While no doubt its earnings growth is pretty substantial, we do feel that the reinvestment rate is pretty low, meaning, the earnings growth number could have been significantly higher had the company been retaining more of its profits. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总的来说,Golar LNG的业务具有积极因素。虽然无疑其盈利增长非常可观,但我们认为再投资率相当低,这意味着如果公司能保留更多利润,盈利增长数字可能会显著提高。然而,预测显示该公司的盈利增长将放缓。要了解有关公司未来盈利增长预测的更多信息,请查看分析师对该公司的预测的免费报告。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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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