Is Tecnoglass Inc.'s (NYSE:TGLS) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Tecnoglass Inc.'s (NYSE:TGLS) Recent Stock Performance Tethered To Its Strong Fundamentals?
Most readers would already be aware that Tecnoglass' (NYSE:TGLS) stock increased significantly by 20% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Tecnoglass' ROE in this article.
大多数读者可能已经意识到，Tecnoglass（纽交所：TGLS）的股价在过去一个月里大幅上涨了20%。考虑到市场长期以来奖励强劲的财务状况，我们想知道这是否是这种情况。具体来说，我们决定在本文中研究Tecnoglass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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股东权益回报率（roe）是一种关键指标，用于评估公司管理层如何有效利用公司资本。更简单地说，它衡量了公司相对股东权益的盈利能力。
How Do You Calculate Return On Equity?
怎样计算ROE?
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 Tecnoglass is:
因此，根据上述公式，Tecnoglass的ROE为：
29% = US$165m ÷ US$574m (Based on the trailing twelve months to March 2024).
29% = 1.65亿美元 ÷ 5.74亿美元（截至2024年3月的过去十二个月）。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.29.
‘回报'是指过去12个月的税后收入。因此这意味着，对于每1美元的股东投资，该公司会产生0.29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。
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。
Tecnoglass' Earnings Growth And 29% ROE
Tecnoglass的盈利增长和29% ROE
To begin with, Tecnoglass has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 19% the company's ROE is quite impressive. As a result, Tecnoglass' exceptional 53% net income growth seen over the past five years, doesn't come as a surprise.
首先，Tecnoglass的ROE相当高，这很有趣。其次，即使与19%的行业平均水平相比，公司的ROE也相当出色。因此，Tecnoglass过去五年异常的53%净利润增长并不令人意外。
As a next step, we compared Tecnoglass' 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Tecnoglass的净利润增长与行业进行了比较，令人高兴的是，我们发现公司的增长超过了14%的行业平均水平。
Earnings growth is a huge factor in stock valuation. 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. Is TGLS fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增长是股票估值的一个重要因素。投资者知道市场是否已经定价了公司预期的盈利增长（或下降）是很重要的。这可以帮助他们判断股票是处于光明还是黯淡的未来。TGLS被公平定价了吗？这份公司内在价值的信息图有你需要了解的一切。
Is Tecnoglass Efficiently Re-investing Its Profits?
Tecnoglass有效地再投资其利润吗？
Tecnoglass' three-year median payout ratio to shareholders is 9.6%, which is quite low. This implies that the company is retaining 90% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
Tecnoglass向股东支付的三年中值支付比率为9.6%，这相当低。这意味着公司留存了90%的利润。这表明管理层正在重新投资大部分利润用于业务增长，公司的增长证明了这一点。
Besides, Tecnoglass has been paying dividends over a period of eight years. This shows that the company is committed to sharing profits with its shareholders.
此外，Tecnoglass已经连续八年支付股息。这表明公司致力于与股东分享利润。
Conclusion
结论
On the whole, we feel that Tecnoglass' performance has been quite good. 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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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，我们认为Tecnoglass的表现相当不错。特别地，我们喜欢公司大量重新投资业务，并以高回报率进行投资。毫不奇怪，这导致了令人印象深刻的盈利增长。尽管如此，最新的行业分析师预测表明公司的盈利增长预计将放缓。要了解有关该公司未来盈利增长预测的更多信息，请查看此免费报告以获取分析师对该公司的预测。
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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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