ABM Industries Incorporated's (NYSE:ABM) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
ABM Industries Incorporated's (NYSE:ABM) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
ABM Industries' (NYSE:ABM) stock is up by a considerable 20% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on ABM Industries' ROE.
ABm Industries(纽交所:ABM)股票在过去三个月里上涨了可观的20%。鉴于公司出色的表现,我们决定更仔细地研究其财务指标,因为公司的长期财务健康状况通常决定了市场结果。在本文中,我们决定重点关注ABm Industries(反导工业)的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股东权益回报率(ROE)是测试公司如何有效地增加其价值并管理投资者资金的指标。简而言之,它用于评估公司相对于股本资本的盈利能力。
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 ABM Industries is:
因此,根据上述公式,ABm Industries的roe为:
14% = US$249m ÷ US$1.8b (Based on the trailing twelve months to April 2024).
14%= 2,4900万美元÷ 18亿美元(基于2024年4月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.14 in profit.
“回报”是税后过去十二个月所赚的金额。其中一种概念是,对于每个股东的资本1美元,公司获得了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?
So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
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。根据公司再投资或“保留”的这些利润的多少以及效率如何,我们能够评估公司的盈利增长潜力。总体来说,在其他条件相同的情况下,roe和盈利“保留”高的公司比不具备这些属性的公司增长率更高。
ABM Industries' Earnings Growth And 14% ROE
ABm Industries的盈利增长和14%的roe
To begin with, ABM Industries seems to have a respectable ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 12%. This probably goes some way in explaining ABM Industries' significant 29% net income growth over the past five years amongst other factors. However, there could also be other drivers behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
首先,ABm Industries公司的roe似乎相当可观。而且与行业相比,我们发现行业平均roe也相似,为12%。这可能在一定程度上解释了ABm Industries在过去五年间29%的净利润增长等其他因素。但是,此增长背后也可能存在其他驱动因素。例如,公司具有低的支付比率或已被有效管理。
As a next step, we compared ABM Industries' 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 11%.
接下来,我们将ABm Industries的净利润增长与行业进行了比较,令人欣慰的是,我们发现该公司的增长高于平均行业增长的11%。
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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. Has the market priced in the future outlook for ABM? You can find out in our latest intrinsic value infographic research report.
盈利增长是股票估值的一个重要因素。对于投资者来说,了解市场是否已经定价了公司预期的盈利增长(或下降)非常重要。然后,这可以帮助他们判断股票未来是光明还是黯淡。市场是否已经为ABM的未来前景定价?您可以在我们最新的内在价值信息图研究报告中了解到。
Is ABM Industries Making Efficient Use Of Its Profits?
ABm Industries是否高效利用其利润?
ABM Industries has a really low three-year median payout ratio of 24%, meaning that it has the remaining 76% left over to reinvest into its business. So it looks like ABM Industries is reinvesting profits heavily to grow its business, which shows in its earnings growth.
ABm Industries公司的三年中位数支付比率非常低,为24%,这意味着其余76%可用于再投资。因此,看起来ABm Industries公司在以高回报率增长其业务,这表现在其盈利增长上。
Besides, ABM Industries has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 23%. As a result, ABM Industries' ROE is not expected to change by much either, which we inferred from the analyst estimate of 12% for future ROE.
此外,ABm Industries至少十年以上一直在支付分红派息,这表明公司致力于与股东分享利润。我们最新的分析师数据显示,公司未来三年的支付比率预计约为23%。因此,ABm Industries的roe也不会有太大的变化,我们从未来的roe预期值12%中推断出来。
Conclusion
结论
On the whole, we feel that ABM Industries' 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. That being so, according to the latest industry analyst forecasts, the company's earnings are expected to shrink in the future. 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,我们觉得ABm Industries的业绩相当不错。特别是,我们喜欢公司在以高回报率进行大量再投资。不出所料,这导致了令人印象深刻的盈利增长。考虑到最新行业分析师的预测,公司的收益预计将来会减少。要了解有关公司最新分析师预测的更多信息,请查看此公司的分析师预测可视化工具。
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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.
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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
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。