Diamondback Energy, Inc. (NASDAQ:FANG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Diamondback Energy, Inc. (NASDAQ:FANG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 3.7% over the past week, it is easy to disregard Diamondback Energy (NASDAQ:FANG). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Diamondback Energy's ROE today.
随着过去一周股价下跌3.7%,很容易忽略Diamondback Energy(纳斯达克股票代码:FANG)。 但是,股价通常受公司长期的财务表现驱动,在这种情况下看起来相当有希望。 特别是,我们将今天关注Diamondback Energy的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股东权益报酬率是一种有用的工具,用于评估一家公司能否有效地利用来自股东的投资产生回报。换句话说,它揭示了公司将股东的投资变成利润的成功程度。
How Do You Calculate Return On Equity?
怎样计算ROE?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算:
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 Diamondback Energy is:
因此,基于上述公式,Diamondback Energy的ROE为:
20% = US$3.7b ÷ US$19b (Based on the trailing twelve months to June 2024).
20% = 37亿美元 ÷ 190亿美元(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 $0.20 in profit.
“回报”是指过去十二个月内税后赚取的金额。这意味着,对于每1美元的股东权益,公司产生了0.20美元的利润。
What Has ROE Got To Do With Earnings Growth?
roe与盈利增长有何关系?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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衡量了公司有效地利用其利润的能力。根据公司再投资或“保留”的利润量以及公司再投资利润的效果,我们就能评估公司的盈利增长潜力。一般来说,其他条件相同,ROE高和盈利保留公司的成长率比没有这些属性的公司更高。
A Side By Side comparison of Diamondback Energy's Earnings Growth And 20% ROE
钻石能源的盈利增长和20%的roe的横向对比
To begin with, Diamondback Energy seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 16%. This certainly adds some context to Diamondback Energy's exceptional 46% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
首先,Diamondback Energy的roe似乎相当可观。此外,该公司的roe与行业平均水平16%相比也非常有竞争力。这无疑为Diamondback Energy过去五年出色的46%净利润增长提供了一些背景。我们认为这里还可能有其他因素在起作用。例如,公司管理层可能已经做出了一些良好的战略决策,或者公司的派息比率较低。
As a next step, we compared Diamondback Energy's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 41% in the same period.
作为下一步,我们将Diamondback Energy的净利润增长与行业进行了比较,发现该公司在相同时期与行业平均增长率41%有着相似的增长指标。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. 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 Diamondback Energy is trading on a high P/E or a low P/E, relative to its industry.
公司估值的基础在很大程度上与其盈利增长密切相关。投资者应该尝试确定预期盈利增长或下降的情况是否已经定价。这有助于他们判断股票是面临光明还是黯淡的前景。预期盈利增长的一个良好指标是市盈率,它根据盈利前景决定市场愿意为股票支付的价格。因此,您可能希望检查Diamondback Energy相对于其行业而言,是在高市盈率还是低市盈率交易。
Is Diamondback Energy Using Its Retained Earnings Effectively?
Diamondback Energy是否有效利用留存收益?
Diamondback Energy's three-year median payout ratio is a pretty moderate 38%, meaning the company retains 62% of its income. So it seems that Diamondback Energy is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Diamondback Energy的三年中位数分红比率相当温和,为38%,这意味着公司留存了62%的收入。因此,Diamondback Energy似乎以一种有效的方式进行再投资,从而实现盈利增长(上文讨论过)并支付了得到很好覆盖的股息。
Additionally, Diamondback Energy has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 36% of its profits over the next three years. Regardless, Diamondback Energy's ROE is speculated to decline to 12% despite there being no anticipated change in its payout ratio.
另外,Diamondback Energy已连续七年支付股息,这意味着公司非常重视与股东分享利润。在研究最新的分析师一致数据后,我们发现公司预计在未来三年中持续支付其利润的约36%。尽管如此,Diamondback Energy的roe被认为将下降至12%,尽管其分红比率预计不会发生变化。
Conclusion
结论
On the whole, we feel that Diamondback Energy's performance has been quite good. 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 substantial growth in its earnings. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言,我们认为Diamondback Energy的表现相当不错。具体来说,我们喜欢公司以高回报率将大部分利润再投资。当然,这导致公司盈利大幅增长。话虽如此,最新行业分析师预测显示,公司盈利增长预计将放缓。要了解更多关于公司最新分析师预测的信息,请查看该公司的分析师预测可视化。
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