Could The Market Be Wrong About XPEL, Inc. (NASDAQ:XPEL) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About XPEL, Inc. (NASDAQ:XPEL) Given Its Attractive Financial Prospects?
XPEL (NASDAQ:XPEL) has had a rough three months with its share price down 43%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to XPEL's ROE today.
XPEL（纳斯达克：XPEL）的股价在过去三个月中跌了43%。然而，股价通常是由一家公司的长期财务表现驱动的，在这种情况下，其前景看起来相当有前途。今天我们将特别关注XPEL的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股东应考虑的重要因素是净资产收益率或roe，因为它告诉他们投资的资本如何被有效地再投资。简单来说，它用于评估公司与其股权资本相关的盈利能力。
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 XPEL is:
因此，根据上述公式，XPEL的ROE为：
26% = US$48m ÷ US$186m (Based on the trailing twelve months to March 2024).
26％= 4800万美元÷ 18600万美元（基于截至2024年3月的过去12个月）。
The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.26 in profit.
“回报”是企业在过去一年中赚取的收入。这意味着，对于每1美元的股东权益价值，该公司产生了0.26美元的利润。
What Has ROE Got To Do With Earnings Growth?
ROE与盈利增长有什么关系？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我们已经确认roe是一个有效的盈利指标，用于衡量公司未来的盈利能力。现在我们需要评估公司为未来增长重新投资或“保留”的利润有多少，这将给我们提供有关公司增长潜力的想法。假设其他一切相等，具有更高回报率和更高盈利保留的公司通常比没有同样特点的公司具有更高的增长率。
A Side By Side comparison of XPEL's Earnings Growth And 26% ROE
按照XPEL收益增长和26％的ROE进行的并列比较
To begin with, XPEL 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. As a result, XPEL's exceptional 32% net income growth seen over the past five years, doesn't come as a surprise.
首先，XPEL的ROE相当高，这很有趣。此外，该公司的ROE高于行业平均水平的12％，令人印象深刻。因此，XPEL在过去五年中卓越的32％净利润增长并不让人感到意外。
We then compared XPEL's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 14% in the same 5-year period.
然后，我们将XPEL的净利润增长与行业进行了比较，我们很高兴看到，在相同的5年期内，该公司的增长率比行业高14％。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for XPEL? You can find out in our latest intrinsic value infographic research report.
评估公司价值的基础在很大程度上与其盈利增长相关。投资者了解市场是否已折价公司预期的盈利增长（或下降）至关重要。这样做将有助于他们确定该股票的未来前景是光明还是黯淡。市场是否已为XPEL的未来展望定价？您可以在我们最新的内在价值信息图研究报告中找到答案。
Is XPEL Using Its Retained Earnings Effectively?
XPEL是否有效利用其留存收益？
Given that XPEL 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XPEL不向其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推动业务增长。
Conclusion
结论
In total, we are pretty happy with XPEL's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总的来说，我们对XPEL的表现感到非常满意。特别是，我们喜欢该公司大量投入业务，并且回报率很高的事实。不出所料，这导致了令人印象深刻的盈利增长。话虽如此，预计该公司的盈利增长将放缓，这是当前分析师预测的结果。有关该公司最新分析师预测的更多信息，请查看该公司的分析师预测可视化。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有反馈？关于内容有所顾虑？直接和我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
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
对本文有反馈？关于内容有所顾虑？直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。