National Beverage Corp.'s (NASDAQ:FIZZ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
National Beverage Corp.'s (NASDAQ:FIZZ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
National Beverage's (NASDAQ:FIZZ) stock is up by a considerable 12% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to National Beverage's ROE today.
过去三个月中,National Beverage (纳斯达克:FIZZ)的股票涨了相当可观的12%。我们不禁想知道公司财务在这个价格变化中有何作用,因为长期的基本面通常决定市场结果。特别是今天我们将关注National Beverage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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股东必须考虑股本回报率或ROE,因为它告诉他们公司如何有效地重新投资他们的资本。 简而言之,ROE显示每美元股东投资所产生的利润。
How Do You Calculate Return On Equity?
怎样计算ROE?
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 National Beverage is:
所以,根据上述公式,National Beverage的ROE为:
32% = US$177m ÷ US$560m (Based on the trailing twelve months to April 2024).
32% = US$17700万 ÷ US$56000万 (基于截至2024年4月的过去十二个月)。
The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.32 in profit.
“回报”是企业在过去一年中获得的收入。这意味着对于每个股东权益价值1美元的公司,其利润为0.32美元。
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。
A Side By Side comparison of National Beverage's Earnings Growth And 32% ROE
National Beverage盈利增长和32%的ROE的并排比较。
To begin with, National Beverage has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 21% the company's ROE is quite impressive. However, for some reason, the higher returns aren't reflected in National Beverage's meagre five year net income growth average of 4.0%. This is generally not the case as when a company has a high rate of return it should usually also have a high earnings growth rate. Such a scenario is likely to take place when a company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.
首先,National Beverage的ROE很高,这很有趣。其次,即使与21%的行业平均水平相比,公司的ROE也相当出色。然而,由于某种原因,更高的回报并没有反映在National Beverage五年净收入增长平均4.0%的微薄增长中。一般来说,当一家公司回报率很高时,它通常也应该有较高的盈利增长率。这种情况可能发生在公司将其大部分盈利作为分红派发或面临竞争压力时。
As a next step, we compared National Beverage'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 8.0% in the same period.
接下来,我们将National Beverage的净收入增长与行业平均增长率8.0%进行比较,结果让人失望。
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Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about National Beverage's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是评估股票价值的重要指标。投资者需要知道市场是否已经定价了公司预期的盈利增长(或下降)。这样做将有助于他们确定股票的未来看起来是有前途还是不容乐观。如果你想知道National Beverage的估值情况,请看它的市盈率相对于行业的比较。
Is National Beverage Efficiently Re-investing Its Profits?
National Beverage是否有效地再投资其利润?
National Beverage doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. However, there's only been very little earnings growth to show for it. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
目前National Beverage没有支付常规股息,这基本意味着它一直在将其所有利润再投资到业务中。然而,几乎没有可见的盈利增长表现。因此,可能存在其他因素在起作用,这些因素可能会对其增长产生负面影响。例如,该业务面临一些不利因素。
Conclusion
结论
Overall, we feel that National Beverage certainly does have some positive factors to consider. Although, we are disappointed to see a lack of growth in earnings even in spite of a high ROE and and a high reinvestment rate. We believe that there might be some outside factors that could be having a negative impact on the business. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 1 risk we have identified for National Beverage visit our risks dashboard for free.
总的来说,我们认为National Beverage确实有一些值得考虑的积极因素。尽管我们对ROE和高再投资率没有带来盈利增长的缺乏感到失望,但我们仍认为这个公司有潜力。我们相信可能存在一些外部因素,这些因素可能会对该公司产生负面影响。虽然我们不会完全否定该公司,但我们会尽力确定其风险水平,以做出更明智的决策。要了解我们为National Beverage确定的一个风险,请免费访问我们的风险概览。
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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。