Should Weakness in First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
First Watch Restaurant Group (NASDAQ:FWRG) has had a rough three months with its share price down 20%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on First Watch Restaurant Group's ROE.
First Watch餐厅集团(NASDAQ:FWRG)的股价在过去的三个月内下跌了20%。但如果你仔细观察，你可能会发现其主要的财务指标看起来相当不错，这可能意味着在长期内市场通常会更加奖励有更强韧性的基本面的股票上涨。在本文中，我们决定关注First Watch餐厅集团的roes。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股东权益回报率（ROE）是检验公司增加其价值和管理投资者资金有效性的测试。简而言之，ROE显示每个美元的利润与其股东的投资有关。
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 First Watch Restaurant Group is:
因此，根据以上公式，First Watch餐厅集团的roe为:
4.1% = US$24m ÷ US$586m (Based on the trailing twelve months to June 2024).
4.1%=2,400万美元÷5,8600万美元(基于截至2024年6月的过去 12 个月)。
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 $0.04.
“回报”是指公司过去一年的收益。因此，这意味着对于每个股东的投资1美元，公司会产生0.04美元的利润。
What Has ROE Got To Do With Earnings Growth?
roe与盈利增长有何关系？
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. 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，我们已经了解了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，我们就能评估公司未来盈利的能力。一般来说，其他条件相同的情况下，具有高roe和盈利保留的公司比不具备这些属性的公司增长率更高。
First Watch Restaurant Group's Earnings Growth And 4.1% ROE
First Watch餐厅集团的收益增长和4.1%的roe。
It is hard to argue that First Watch Restaurant Group's ROE is much good in and of itself. Even compared to the average industry ROE of 17%, the company's ROE is quite dismal. Despite this, surprisingly, First Watch Restaurant Group saw an exceptional 96% net income growth over the past five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.
很难说First Watch餐厅集团的roe本身很好。即使与行业平均roe 17%相比，该公司的roe也相当糟糕。尽管如此，令人惊讶的是，First Watch餐厅集团在过去五年中实现了异常的96%净利润增长。我们认为这里可能存在其他因素。例如，高盈利保留率或有效的管理。
As a next step, we compared First Watch Restaurant Group's 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 29%.
作为下一步，我们将First Watch餐厅集团的净收入增长与行业进行比较，令人高兴的是，我们发现该公司的增长高于行业平均增长29%。
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 First Watch Restaurant Group fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增长是股票估值的一个重要因素。投资者应努力确定预期的盈利增长或下降是否已定价。这样做将有助于他们确定股票的未来前景是有前途还是不妙。与其他公司相比，First Watch餐厅集团的估值是否合理？这三个估值指标可能会帮助您决定。
Is First Watch Restaurant Group Using Its Retained Earnings Effectively?
First Watch餐厅集团是否有效地利用了保留盈利？
Given that First Watch Restaurant Group doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
考虑到First Watch餐厅集团没有向股东支付任何定期股利，我们推断该公司一直在将其所有利润用于业务增长。
Conclusion
结论
In total, it does look like First Watch Restaurant Group has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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，First Watch餐厅集团的业务有一些积极因素。尽管其回报率较低，但该公司将其大部分利润重新投入业务，无疑促进了其高收益增长。话虽如此，最新的行业分析师预测显示该公司的盈利增长预计将放缓。要了解更多关于该公司未来盈利增长预测的信息，请参阅此分析师预测的免费报告。
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