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Is Magnolia Oil & Gas Corporation's (NYSE:MGY) Stock's Recent Performance A Reflection Of Its Financial Health?

Is Magnolia Oil & Gas Corporation's (NYSE:MGY) Stock's Recent Performance A Reflection Of Its Financial Health?

玉兰石油与燃料币公司(NYSE:MGY)股票最近的表现是否反映了其财务健康状况?
Simply Wall St ·  09/25 09:11

Most readers would already know that Magnolia Oil & Gas' (NYSE:MGY) stock increased by 3.0% over the past week. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Magnolia Oil & Gas' ROE.

大多数读者可能已经知道,Magnolia Oil & Gas(纽交所:MGY)的股票过去一周增长了3.0%。鉴于其令人印象深刻的表现,我们决定研究该公司的关键财务指标,因为一个公司的长期基本面通常决定市场结果。在这篇文章中,我们决定专注于Magnolia Oil & Gas的roe。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.

股本回报率或roe是一项关键指标,用于评估公司管理层使用公司资本的效率。换句话说,它揭示了公司将股东的投资转化为利润的成功。

How To Calculate Return On Equity?

如何计算股东权益报酬率?

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 Magnolia Oil & Gas is:

因此,基于上述公式,磨棒油气的roe为:

23% = US$434m ÷ US$1.9b (Based on the trailing twelve months to June 2024).

23% = 4.34亿美元 ÷ 190亿美元(基于截至2024年6月的过去十二个月)。

The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.23 in profit.

'回报'是过去十二个月的利润。另一种思考方式是,每1美元的股本,公司可以获得0.23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. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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.

我们已经确定,roe可以作为一种有效的衡量公司未来盈利能力的指标。现在我们需要评估公司再投资或“保留”的利润有多少,这就给我们提供了有关公司增长潜力的想法。假设其他一切不变,roe和利润保留率越高,公司的增长率就越高,而不一定具备这些特征的公司相比。

A Side By Side comparison of Magnolia Oil & Gas' Earnings Growth And 23% ROE

对于Magnolia Oil & Gas的盈利增长和23%的ROE进行了并列比较

To begin with, Magnolia Oil & Gas has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 16% which is quite remarkable. So, the substantial 51% net income growth seen by Magnolia Oil & Gas over the past five years isn't overly surprising.

首先,Magnolia Oil & Gas拥有相当高的ROE,这很有趣。此外,公司的ROE比行业平均水平高出16%,这相当了不起。因此,过去五年Magnolia Oil & Gas的净利润增长达到51%,这并不是太令人惊讶。

We then compared Magnolia Oil & Gas' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 40% in the same 5-year period.

然后我们将Magnolia Oil & Gas的净利润增长与行业进行了比较,很高兴看到公司的增长数字高于行业,在同一5年期间,行业增长率为40%。

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NYSE:MGY Past Earnings Growth September 25th 2024
纽交所:MGY 过去的盈利增长 2024年9月25日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. 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 Magnolia Oil & Gas is trading on a high P/E or a low P/E, relative to its industry.

对一家公司进行估值的基础,在很大程度上与其盈利增长密切相关。投资者需要进一步判断的是,预期的盈利增长是否已经反映在股价中,或者是否缺乏这一点。通过这样做,他们将了解股价已经蓄势待发,还是即将陷入沼泽般的深水之中。预期盈利增长的一个良好指标是市盈率,该指标确定了市场愿意根据盈利前景支付多少价格购买股票。因此,您可能需要检查一下Magnolia Oil & Gas的市盈率是较高还是较低,相对于其所在的行业板块。

Is Magnolia Oil & Gas Efficiently Re-investing Its Profits?

Magnolia Oil & Gas是否有效地再投资其利润?

Magnolia Oil & Gas' ' three-year median payout ratio is on the lower side at 10.0% implying that it is retaining a higher percentage (90%) of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

Magnolia Oil & Gas'的三年中位数的支付比率偏低,为10.0%,这意味着公司留存着较高比例(90%)的利润。这表明管理层将大部分利润再投资以促进业务增长,正如公司所展现的增长所证明的那样。

Besides, Magnolia Oil & Gas has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 24% over the next three years. Therefore, the expected rise in the payout ratio explains why the company's ROE is expected to decline to 15% over the same period.

此外,Magnolia Oil & Gas在过去三年内一直在支付股息。这显示该公司致力于与股东分享利润。在研究最新的分析师一致数据后,我们发现该公司未来的支付比率预计将在未来三年内上升至24%。因此,预期的支付比率上升解释了为什么该公司的roe在同一期间预计将下降至15%。

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。

In total, we are pretty happy with Magnolia Oil & Gas' performance. 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. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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.

总体而言,我们对Magnolia Oil & Gas的业绩感到非常满意。具体来说,我们喜欢这家公司以高回报率将其利润的大部分再投资。当然,这导致了该公司的盈利大幅增长。鉴于此,对最新分析师预测的研究表明,预计该公司未来的盈利增长将放缓。分析师的这些预期是基于行业的广泛预期,还是基于公司的基本面?请单击此处查看我们公司分析师的预测页面。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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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。

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