Urban Outfitters, Inc.'s (NASDAQ:URBN) Stock Is Going Strong: Have Financials A Role To Play?
Urban Outfitters, Inc.'s (NASDAQ:URBN) Stock Is Going Strong: Have Financials A Role To Play?
Most readers would already be aware that Urban Outfitters' (NASDAQ:URBN) stock increased significantly by 13% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Urban Outfitters' ROE today.
多数读者已经意识到Urban Outfitters(纳斯达克URBN)的股票在过去三个月内显著增长了13%。 如大多数人所知,基本面通常是长期引导市场价格波动的因素,因此我们决定查看今天公司的主要财务指标,以确定它们在最近的股价波动中是否有任何作用。 特别是,我们今天将注意Urban Outfitters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 Do You Calculate Return On Equity?
怎样计算ROE?
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 Urban Outfitters is:
因此,根据上述公式,Urban Outfitters的roe为:
14% = US$297m ÷ US$2.2b (Based on the trailing twelve months to April 2024).
14%= US$29700万 ÷ US$22亿(基于截至2024年4月的过去十二个月)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.14 in profit.
“回报”是企业过去一年赚取的收入。 另一种思考方式是,对于每1美元的股权,公司能够赚取0.14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 Urban Outfitters' Earnings Growth And 14% ROE
Urban Outfitters收益增长与14%roe的并排比较
To start with, Urban Outfitters' ROE looks acceptable. Yet, the fact that the company's ROE is lower than the industry average of 19% does temper our expectations. However, the moderate 12% net income growth seen by Urban Outfitters over the past five years is definitely a positive. So, there might be other aspects that are positively influencing earnings growth. Such as - high earnings retention or an efficient management in place. Bear in mind, the company does have a respectable level of ROE. It is just that the industry ROE is higher. So this also provides some context to the earnings growth seen by the company.
首先,Urban Outfitters的roe看起来是可以接受的。 然而,公司的roe低于19%的行业平均水平确实降低了我们的期望。 然而,Urban Outfitters过去五年所看到的适度的12%净利润增长肯定是个好消息。 因此,可能存在其他积极影响收益增长的因素,如高额的收益保留或有效管理。 请记住,公司确实具有可观的roe。 只不过,行业roe更高。 股东也应该考虑这一点。
As a next step, we compared Urban Outfitters' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 23% in the same period.
接下来,我们将Urban Outfitters的净收入增长与行业进行了比较,并很失望地发现公司的增长低于同期23%的行业平均水平。
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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). This then helps them determine if the stock is placed for a bright or bleak future. What is URBN worth today? The intrinsic value infographic in our free research report helps visualize whether URBN is currently mispriced by the market.
给公司附加价值的基础在很大程度上与其收益增长相关。 投资者知道市场是否已经定价公司预期的收益增长(或下降)非常重要。 然后,这有助于他们确定股票是面临光明的未来还是黯淡的未来。 URBN今天值多少钱? 我们免费研究报告中的内在价值信息图可视化URBN当前是否被市场错误定价。
Is Urban Outfitters Efficiently Re-investing Its Profits?
Urban Outfitters在有效地再投资利润吗?
Given that Urban Outfitters 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.
鉴于Urban Outfitters不向股东支付任何常规股息,我们推断该公司一直在重新投资其所有利润以增长业务。
Conclusion
结论
On the whole, we do feel that Urban Outfitters has some positive attributes. Specifically, we like that the company is reinvesting a huge chunk of its profits at a respectable rate of return. This of course has caused the company to see a good amount of 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. 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.
总的来说,我们确信Urban Outfitters具有一些积极属性。 具体而言,我们喜欢公司以可观的回报率再投资大量利润。 当然,这导致公司的盈利增长相当大。 不过,最新分析师预测的研究表明,该公司预计在未来的盈利增长将会放缓。 这些分析师的预期是基于行业的广泛预期还是基于公司的基本面呢? 点击此处跳转到我们公司的分析师预测页面。
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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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