Are Robust Financials Driving The Recent Rally In SiriusPoint Ltd.'s (NYSE:SPNT) Stock?
Are Robust Financials Driving The Recent Rally In SiriusPoint Ltd.'s (NYSE:SPNT) Stock?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity SiriusPoint's (NYSE:SPNT) stock is up by a considerable 13% over the past three months. 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 SiriusPoint's ROE in this article.
过去三个月，SiriusPoint（纽交所：SPNT）的股价上涨了13％。考虑到长期市场奖励强劲的财务表现，我们想知道这一案例是否也是如此。本文特别研究了SiriusPoint的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
roe或股东权益回报率是评估公司如何有效地从股东那里获得回报的有用工具。简而言之，它用于评估公司相对于其权益资本的盈利能力。
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 SiriusPoint is:
根据上述公式，SiriusPoint的roe为：
12% = US$321m ÷ US$2.6b (Based on the trailing twelve months to March 2024).
12％=美元3.21亿÷美元26亿（基于最近12个月截至2024年3月）。
The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.12.
“回报”是指公司过去一年的收益。这意味着对于每美元股东的投资，该公司会产生0.12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. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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.
到目前为止，我们已经了解到roe是衡量公司盈利能力的一种指标。根据公司选择重新投资或'保留'多少利润，我们就能够评估公司未来生成利润的能力。假设其他条件相同，那些具有更高股本回报率和更高利润留存的公司通常比没有这些特征的公司有更高的增长率。
SiriusPoint's Earnings Growth And 12% ROE
SiriusPoint的收益增长和12％的roe
To start with, SiriusPoint's ROE looks acceptable. And on comparing with the industry, we found that the the average industry ROE is similar at 13%. This probably goes some way in explaining SiriusPoint's moderate 5.3% growth over the past five years amongst other factors.
首先，SiriusPoint的roe看起来不错。与行业平均roe相比较，我们发现平均行业roe也是13％。这可能在解释SiriusPoint在过去五年中适度增长5.3％等因素方面有所帮助。
As a next step, we compared SiriusPoint's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 8.4% in the same period.
作为下一步，我们将SiriusPoint的净利润增长与行业进行了比较，不幸的是发现公司在同期内的增长低于行业平均增长率8.4％。
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. If you're wondering about SiriusPoint's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
确定公司价值的依据在很大程度上与其收益增长有关。投资者了解市场是否定价了公司预期的盈利增长（或下降）非常重要。这有助于他们判断该股票的未来前景是光明还是黯淡。如果您想了解SiriusPoint的估值，请查看其市盈率与行业的比较。
Is SiriusPoint Efficiently Re-investing Its Profits?
SiriusPoint是否有效地再投资利润？
SiriusPoint doesn't pay any regular dividends, meaning that all of its profits are being reinvested in the business, which explains the fair bit of earnings growth the company has seen.
SiriusPoint不支付任何常规股息，这意味着其所有利润都被再投资于业务中，这解释了公司所看到的相当大的收益增长。
Conclusion
结论
Overall, we are quite pleased with SiriusPoint's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. As a result, the decent growth in its earnings is not surprising. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. Our risks dashboard will have the 1 risk we have identified for SiriusPoint.
总的来说，我们对SiriusPoint的表现感到相当满意。特别是，我们喜欢公司大量重新投资并且回报率很高。因此，其盈利的良好增长不足为奇。如果该公司继续按照当前的方式增长盈利，那可能会对其股票价格产生积极影响，因为每股收益对长期股价有影响。记住，股票价格也取决于感知风险。因此，投资者在投资任何公司之前必须保持对所涉及风险的了解。我们的风险仪表板将列出我们为SiriusPoint确定的风险。
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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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