Yelp Inc.'s (NYSE:YELP) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Yelp Inc.'s (NYSE:YELP) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Yelp's (NYSE:YELP) stock is up by a considerable 7.4% over the past week. 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 Yelp's ROE in this article.
过去一周，Yelp（NYSE：YELP）的股价上涨了7.4％。考虑到市场长期来看会奖励强劲的财务状况，我们想知道在这种情况下是不是这样的情况。具体来说，我们决定在本文中研究Yelp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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE（净资产收益率）是股东需考虑的一个重要因素，因为它告诉他们资本被有效地再投资的效果如何。换句话说，它揭示了公司将股东的投资转化为利润的成功程度。
How Is ROE Calculated?
净资产收益率怎么计算？
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 Yelp is:
因此，根据上述公式，Yelp 的roe为:
16% = US$115m ÷ US$722m (Based on the trailing twelve months to March 2024).
16％= US＄115m ÷ US＄722m（基于截至 2024 年 3 月的过去十二个月）。
The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.16 in profit.
“回报”是指公司在过去一年中的收益。这意味着对于每1美元的股东权益，公司产生了0.16美元的利润。
What Is The Relationship Between ROE And Earnings Growth?
ROE与盈利增长之间的关系是什么？
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.
我们已经确定ROE作为评估公司未来收益的有效指标。现在我们需要评估公司为未来增长所保留的利润量，从而给我们一个关于公司增长潜力的想法。假设其他条件都相同，既具有较高ROE又具有较高利润保留的公司通常是增长率更高的公司，相比之下没有这些特点的公司会更低。
A Side By Side comparison of Yelp's Earnings Growth And 16% ROE
Yelp的盈利增长和16%的ROE并排比较
To start with, Yelp's ROE looks acceptable. Especially when compared to the industry average of 7.4% the company's ROE looks pretty impressive. Probably as a result of this, Yelp was able to see an impressive net income growth of 24% over the last five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
首先，Yelp的ROE看起来是可以接受的。特别是与7.4%的行业平均水平相比，公司的ROE看起来非常令人印象深刻。可能因为这个原因，Yelp在过去五年中看到了令人印象深刻的净利润增长率达24%。我们认为这里也可能有其他因素起作用。例如，高盈利保留或有效的管理。
We then compared Yelp'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 6.0% in the same 5-year period.
然后我们将Yelp的净利润增长与行业进行了比较，我们很高兴看到该公司的增长率高于同一5年期内具有6.0%增长率的行业。
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is Yelp fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的巨大因素。投资者应该尝试确定预期的盈利增长或下降（无论哪种情况），是否已经定价。这样做将有助于他们判断股票的未来前景是有前途的还是不吉利的。与其他公司相比，Yelp的公允价值如何？这三项估值措施可能会帮助你做出决定。
Is Yelp Using Its Retained Earnings Effectively?
Yelp是否有效利用其保留收益？
Yelp doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Yelp不向股东支付常规股息，这意味着公司一直将所有利润重新投资到业务中。这可能是上述高盈利增长数字的推动力。
Summary
总的来说，我们对伟明环保的表现非常满意。具体而言，我们喜欢公司以高回报率再投资了其利润的很大一部分。当然，这导致公司的收益大幅增长。但是，最新的行业分析师预测表明，该公司的收益预计将加速增长。
Overall, we are quite pleased with Yelp's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. 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，我们对Yelp的表现相当满意。特别是看到公司大力投资于业务，并拥有高回报率，这导致了收益显著增长。尽管如此，预计公司的收益增长将放缓，符合当前分析师预测。如需了解更多关于该公司未来收益增长预测的信息，请查看此分析师预测免费报告。
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.
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@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
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。