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Is Weakness In Tri Pointe Homes, Inc. (NYSE:TPH) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

Is Weakness In Tri Pointe Homes, Inc. (NYSE:TPH) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

特雷佩恩房屋公司(纽交所:TPH)股票走弱,这是否意味着市场对其强劲财务前景存在误判?
Simply Wall St ·  10/31 12:40

With its stock down 11% over the past month, it is easy to disregard Tri Pointe Homes (NYSE:TPH). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study Tri Pointe Homes' ROE in this article.

Tri Pointe Homes(纽约证券交易所代码:TPH)的股票在过去一个月中下跌了11%,很容易被忽视。但是,如果你密切关注,你可能会发现,鉴于市场通常会奖励财务状况良好的公司,其强劲的财务状况可能意味着该股的长期价值可能会增加。具体而言,我们决定在本文中研究Tri Pointe Homes的投资回报率。

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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。简而言之,它衡量公司相对于股东权益的盈利能力。

How Is ROE Calculated?

ROE 是如何计算的?

ROE can be calculated by using the formula:

ROE 可以通过以下公式计算:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股本回报率 = 净利润(来自持续经营业务)÷ 股东权益

So, based on the above formula, the ROE for Tri Pointe Homes is:

因此,根据上述公式,Tri Pointe Homes的投资回报率为:

14% = US$464m ÷ US$3.2b (Based on the trailing twelve months to September 2024).

14% = 4.64亿美元 ÷ 32亿美元(基于截至2024年9月的过去十二个月)。

The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.14.

“回报” 是过去十二个月的税后收入。因此,这意味着公司每投资1美元,就会产生0.14美元的利润。

What Is The Relationship Between ROE And Earnings Growth?

投资回报率与收益增长之间有什么关系?

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. 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.

到目前为止,我们已经了解到,投资回报率衡量的是公司创造利润的效率。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他条件都一样,与功能不相同的公司相比,具有更高股本回报率和更高利润保留率的公司通常具有更高的增长率。

Tri Pointe Homes' Earnings Growth And 14% ROE

Tri Pointe Homes的收益增长和14%的投资回报率

To begin with, Tri Pointe Homes seems to have a respectable ROE. Even when compared to the industry average of 15% the company's ROE looks quite decent. Consequently, this likely laid the ground for the decent growth of 13% seen over the past five years by Tri Pointe Homes.

首先,Tri Pointe Homes的投资回报率似乎不错。即使与行业平均水平的15%相比,该公司的投资回报率也相当不错。因此,这可能为Tri Pointe Homes在过去五年中实现13%的体面增长奠定了基础。

Next, on comparing with the industry net income growth, we found that Tri Pointe Homes' reported growth was lower than the industry growth of 19% over the last few years, which is not something we like to see.

接下来,与行业净收入增长相比,我们发现Tri Pointe Homes报告的增长低于过去几年19%的行业增长,这不是我们希望看到的。

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NYSE:TPH Past Earnings Growth October 31st 2024
纽约证券交易所:TPH 过去的收益增长 2024 年 10 月 31 日

Earnings growth is an important metric to consider when valuing a stock. 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. Has the market priced in the future outlook for TPH? You can find out in our latest intrinsic value infographic research report.

收益增长是对股票进行估值时要考虑的重要指标。对于投资者来说,重要的是要知道市场是否对公司的预期收益增长(或下降)进行了定价。这样做将帮助他们确定股票的未来是乐观还是不祥的。市场对TPH的未来前景进行了定价吗?您可以在我们最新的内在价值信息图研究报告中找到答案。

Is Tri Pointe Homes Making Efficient Use Of Its Profits?

Tri Pointe Homes是否在有效利用其利润?

Tri Pointe Homes doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above.

Tri Pointe Homes目前不支付任何定期股息,这实质上意味着它一直在将所有利润再投资于该业务。这无疑有助于实现我们上面讨论的可观的收入增长数字。

Summary

摘要

In total, we are pretty happy with Tri Pointe Homes' 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 a good amount of growth in its earnings. That being so, according to the latest industry analyst forecasts, the company's earnings are expected 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Tri Pointe Homes的表现非常满意。具体而言,我们喜欢该公司以高回报率再投资其利润的很大一部分。当然,这使该公司的收益实现了可观的增长。既然如此,根据最新的行业分析师预测,该公司的收益预计将在未来萎缩。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。

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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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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