Is Matson, Inc.'s (NYSE:MATX) Latest Stock Performance A Reflection Of Its Financial Health?
Is Matson, Inc.'s (NYSE:MATX) Latest Stock Performance A Reflection Of Its Financial Health?
Matson's (NYSE:MATX) stock is up by a considerable 19% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Matson's ROE.
过去三个月,Matson(纽交所:MATX)的股价上涨了19%。由于市场通常会考虑公司的长期基本面,因此我们决定研究公司的关键绩效指标,以确定它们是否可能影响市场。在这篇文章中,我们决定聚焦于Matson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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股东应考虑的重要因素是净资产收益率或roe,因为它告诉他们投资的资本如何被有效地再投资。简单来说,它用于评估公司与其股权资本相关的盈利能力。
How Do You Calculate Return On Equity?
怎样计算ROE?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算:
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 Matson is:
因此,根据上述公式,Matson的roe为:
13% = US$299m ÷ US$2.4b (Based on the trailing twelve months to March 2024).
13% = US$29900万 ÷ US$24亿(根据截至2024年3月的过去12个月计算)。
The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.13 in profit.
“回报”是年利润。另一种思考方式是,对于每美元的股本,该公司能够赚取0.13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. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
我们已经确定,roe是一个有效的利润生成衡量标准,用于评估公司未来的盈利能力。根据公司再投资或“保留”这些利润的比例以及这样做的有效性,我们能够评估公司的盈利增长潜力。假设其他所有因素保持不变,roe和利润保留的比例越高,相对于没有这些特征的公司,公司的增长率就越高。
Matson's Earnings Growth And 13% ROE
Matson的收入增长和13%的roe
At first glance, Matson seems to have a decent ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 13%. Consequently, this likely laid the ground for the impressive net income growth of 30% seen over the past five years by Matson. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看,Matson的roe似乎很不错。与行业比较后,我们发现平均行业roe也为13%,因此,这可能为Matson过去五年实现的30%净利润增长奠定了基础。我们认为,可能还存在其他积极影响公司收益增长的因素。例如,该公司的派息比率较低或被有效地管理。
We then compared Matson's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 43% in the same 5-year period, which is a bit concerning.
然后,我们将Matson的净利润增长与行业进行了比较,并发现该公司的增长数字低于同一5年期内43%的平均行业增长率,这有点令人担忧。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240723/0-5c5338e2da46ee153b1fb2210851302c-0-9f046eb6699dbfa3b6d909857a1d3492.png/big)
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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Matson is trading on a high P/E or a low P/E, relative to its industry.
盈利增长是股票估值的重要因素。投资者应该努力确定预期的盈利增长或下降,无论情况如何,是否已定价。这样做将有助于他们确认股票的未来看起来是前途光明还是不妙。其中一个预期盈利增长的好指标是市盈率,该指标根据其盈利前景决定市场为股票支付的价格。因此,您可能需要查看Matson的市盈率或相对于其行业的市盈率是高还是低。
Is Matson Efficiently Re-investing Its Profits?
Matson是否有效地再投资其利润?
Matson's three-year median payout ratio to shareholders is 6.9%, which is quite low. This implies that the company is retaining 93% 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.
Matson向股东支付的三年中位数派息比率为6.9%,相当低。这意味着公司保留了93%的利润。这表明管理层正在重新投资大部分利润以促进业务增长,正如公司所见的成长一样。
Besides, Matson has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
此外,Matson至少十年或更长时间一直在支付股息。这表明公司致力于与股东分享利润。
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 Matson's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see a good amount of growth in its earnings. 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. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. You can see the 2 risks we have identified for Matson by visiting our risks dashboard for free on our platform here.
总体而言,我们对Matson的表现感到相当满意。具体而言,我们喜欢公司以高回报率再投资其大部分利润的做法。当然,这导致公司的收益增长了很多。如果公司继续按照过去的方式增长收益,那么这可能会对其股价产生积极的影响,因为每股收益如何影响长期股价已经得到证明。不要忘记,业务风险也是影响股价的因素之一。因此,这也是投资者在对任何业务做出决策之前需要注意的重要领域。您可以在此处免费访问我们平台上的风险仪表板,以了解我们已确定的Matson的两个风险。
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。