Agilysys, Inc.'s (NASDAQ:AGYS) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Agilysys, Inc.'s (NASDAQ:AGYS) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Agilysys (NASDAQ:AGYS) has had a great run on the share market with its stock up by a significant 18% over the last 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. Particularly, we will be paying attention to Agilysys' ROE today.
阿吉赛斯(NASDAQ:AGYS)的股票在过去三个月中急剧上涨18%,在股市上表现出色。鉴于该公司的出色表现,我们决定更加仔细地研究其财务指标,因为公司的财务健康状况通常决定市场结果。特别是,我们将关注阿吉赛斯的roe今天。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
净资产收益率(roe)是衡量公司经营管理层如何有效利用公司资本的关键指标。换言之,它是一种利润率,衡量由公司股东提供的资本的回报率。
How Do You Calculate Return On Equity?
怎样计算ROE?
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 Agilysys is:
所以,根据上述公式,阿吉赛斯的roe为:
39% = US$99m ÷ US$254m (Based on the trailing twelve months to June 2024).
39%= 9900万美元÷ 25400万美元(基于截至2024年6月的过去十二个月).
The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.39 in profit.
“回报”是过去十二个月的税后盈利额。这意味着对于每1美元的股东权益,公司创造了0.39美元的利润。
Why Is ROE Important For Earnings Growth?
ROE为什么对净利润增长很重要?
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. 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.
到目前为止,我们已经了解到ROE是衡量公司盈利能力的指标。根据公司重新投资或“保留”的利润数量及其有效性,我们能够估计公司盈利增长潜力。假设其他一切保持不变,ROE和利润保留率越高,相对于不一定拥有这些特征的公司而言,公司的增长率就越高。
A Side By Side comparison of Agilysys' Earnings Growth And 39% ROE
阿吉赛斯的盈利增长和39%的roe的相比。
To begin with, Agilysys has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 14% the company's ROE is quite impressive. Under the circumstances, Agilysys' considerable five year net income growth of 73% was to be expected.
首先,阿吉赛斯的roe相当高,这非常有趣。其次,即使与行业平均水平14%相比,该公司的roe也相当令人印象深刻。在这种情况下,阿吉赛斯五年来可观的净利润增长73%是意料之中的。
Next, on comparing with the industry net income growth, we found that Agilysys' growth is quite high when compared to the industry average growth of 19% in the same period, which is great to see.
接下来,与行业净利润增长相比,我们发现阿吉赛斯的增长相当高,而行业同期平均增长19%,这是非常好的。
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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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Agilysys is trading on a high P/E or a low P/E, relative to its industry.
盈利增长在股票估值中起着重要作用。投资者了解市场是否已经计入公司预期的盈利增长(或下降)对于投资者至关重要。通过这样做,他们将知道股票是否即将进入清澈的蓝色水域,还是等待着泥泞的水域。预期盈利增长的一个良好指标是市盈率,它根据其盈利前景确定市场愿意为股票支付的价格。因此,您可能希望检查阿吉赛斯是在高市盈率还是低市盈率交易,相对于其行业。
Is Agilysys Using Its Retained Earnings Effectively?
阿吉赛斯是否有效利用留存收益?
Agilysys 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.
阿吉赛斯不向股东支付常规股利,这意味着公司一直在将其所有利润再投资到业务中。这很可能是导致上述高盈利增长数字的原因。
Conclusion
结论
In total, we are pretty happy with Agilysys' performance. 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. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总的来说,我们对阿吉赛斯的表现非常满意。特别是,我们喜欢公司大量并以很高回报率再投资到业务中。毫不奇怪,这导致了令人印象深刻的盈利增长。话虽如此,在研究当前分析师预测时,我们担心看到,虽然公司过去增加了其盈利,但分析师预计其未来的盈利将会收缩。这些分析师的预期是基于对行业的广泛期望,还是基于公司的基本面?单击此处,跳转到我们公司分析师的预测页面。
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