Are Strong Financial Prospects The Force That Is Driving The Momentum In Archer-Daniels-Midland Company's NYSE:ADM) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In Archer-Daniels-Midland Company's NYSE:ADM) Stock?
Most readers would already be aware that Archer-Daniels-Midland's (NYSE:ADM) stock increased significantly by 5.6% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Archer-Daniels-Midland's ROE in this article.
大多数读者可能已经意识到,阿彻丹尼尔斯-幂公司(Archer-Daniels-Midland)的股票在过去一个月内上涨了5.6%。鉴于市场长期奖励强劲的财务状况,我们想知道这是否在这种情况下也是如此。具体来说,我们决定在这篇文章中研究阿彻丹尼尔斯-幂公司的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE,即净资产收益率,测试一家公司有效增加价值和管理股东资金的能力。换句话说,它揭示了公司将股东投资转化为利润的成功程度。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
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 Archer-Daniels-Midland is:
因此,根据上述公式,阿彻丹尼尔斯-幂公司的roe为:
11% = US$2.6b ÷ US$22b (Based on the trailing twelve months to June 2024).
11% = 26亿美元 ÷ 220亿美元(基于截至2024年6月的过去十二个月)。
The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.11.
'回报'指的是年度利润。因此,这意味着对于每美元股东的投资,该公司产生0.11美元的利润。
What Has ROE Got To Do With Earnings Growth?
roe与盈利增长有何关系?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我们已经确定,ROE是一个公司未来盈利的高效测量工具。基于公司选择重新投资或“保留”多少利润,我们可以评估公司未来产生利润的能力。假设其他条件相同,具有更高股本回报率和更高利润保留比的公司通常增长速度较高,而没有相同特征的公司则通常增长速度较低。
Archer-Daniels-Midland's Earnings Growth And 11% ROE
ADM的盈利增长和11%的roe
At first glance, Archer-Daniels-Midland seems to have a decent ROE. Even when compared to the industry average of 12% the company's ROE looks quite decent. Consequently, this likely laid the ground for the impressive net income growth of 21% seen over the past five years by Archer-Daniels-Midland. We believe that there might also be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看,ADM的ROE似乎还不错。即使与行业平均水平的12%相比,该公司的ROE看起来相当不错。因此,这很可能为ADM过去五年的惊人净利润增长21%奠定了基础。我们认为可能还存在其他积极影响公司盈利增长的因素。比如-高收益保留或有效的管理。
Next, on comparing with the industry net income growth, we found that Archer-Daniels-Midland's growth is quite high when compared to the industry average growth of 8.2% 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ADM的增长相当高,而行业同期的平均增长率为8.2%,这是非常好的。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Archer-Daniels-Midland fairly valued compared to other companies? These 3 valuation measures might help you decide.
公司价值的依据在很大程度上与其盈利增长密切相关。投资者了解市场是否已经将公司预期的盈利增长(或下降)价格化是很重要的。这样做将帮助他们判断股票的未来是光明还是暗淡。相较于其他公司,阿彻丹尼尔斯米德兰公司的估值是否公平呢?以下的三个估值指标可能会帮助您做出决定。
Is Archer-Daniels-Midland Using Its Retained Earnings Effectively?
阿彻丹尼尔斯米德兰公司是否有效利用留存盈利?
The three-year median payout ratio for Archer-Daniels-Midland is 28%, which is moderately low. The company is retaining the remaining 72%. By the looks of it, the dividend is well covered and Archer-Daniels-Midland is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
阿彻丹尼尔斯米德兰公司的三年中位数股利支付比率为28%,相对较低。公司留存了其余的72%。从外表看,分红得到了很好的覆盖,阿彻丹尼尔斯米德兰公司正将利润有效地再投资,正如我们以上所讨论的其异常增长所证明的那样。
Additionally, Archer-Daniels-Midland has paid dividends over a period of at least ten 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's future payout ratio is expected to rise to 42% over the next three years. Despite the higher expected payout ratio, the company's ROE is not expected to change by much.
此外,阿彻丹尼尔斯米德兰公司至少连续十年进行了股利支付,这意味着公司非常重视与股东分享利润。经对最新分析师一致预测数据的研究,我们发现公司未来的支付比率预计将在未来三年内上升到42%。尽管支付比率预期较高,公司的roe预计不会有太大变化。
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。
On the whole, we feel that Archer-Daniels-Midland'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, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. 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.
总体而言,我们认为艾齐特曼全球有限公司的业绩相当不错。具体而言,我们喜欢该公司以高回报率重新投资其巨额利润的做法。这当然导致了该公司收益的大幅增长。话虽如此,在研究最新的分析师预测时,我们发现尽管该公司过去的收益增长,但分析师们预计其未来的收益将会缩水。要了解更多有关该公司未来收益增长预测的信息,请查看这份有关分析师预测的免费报告。
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