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Is The Travelers Companies, Inc.'s (NYSE:TRV) Latest Stock Performance A Reflection Of Its Financial Health?

Is The Travelers Companies, Inc.'s (NYSE:TRV) Latest Stock Performance A Reflection Of Its Financial Health?

纽交所TRV最新股票表现是其财务健康的体现吗?
Simply Wall St ·  11:43

Most readers would already be aware that Travelers Companies' (NYSE:TRV) stock increased significantly by 19% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Travelers Companies' ROE.

大多数读者应该已经注意到,Travelers Companies(纽交所:TRV)的股票在过去三个月中显著上涨了19%。考虑到市场长期奖励良好的财务状况,我们想知道这在这种情况下是否成立。在这篇文章中,我们决定专注于Travelers Companies的roe。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

股东权益回报率ROE是测试公司增值能力和管理股东投资的有效性的指标。更简单地说,它衡量公司在股东权益中的盈利能力。

How Is ROE Calculated?

净资产收益率怎么计算?

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(来自持续经营) ÷ 股东权益

So, based on the above formula, the ROE for Travelers Companies is:

因此,基于以上公式,Travelers公司的roe为:

16% = US$4.5b ÷ US$28b (Based on the trailing twelve months to September 2024).

16% = 45亿美元 ÷ 280亿美元(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. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.16 in profit.

“回报”是指过去12个月税后所赚的金额。一种概念化的方法是,对于每1美元的股东资本,公司的利润为0.16美元。

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. 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.

我们已经确定,roe作为一种有效的盈利预测工具,可为公司未来的盈利能力提供参考。基于公司选择重新投资或“保留”的利润比例,我们可以评估其未来盈利能力。总的来说,在其他条件相等的情况下,roe和利润保留比例高的公司比那些不具备这些特点的公司增长速度更快。

A Side By Side comparison of Travelers Companies' Earnings Growth And 16% ROE

一项旅行者公司盈利增长和16%roe的并排比较

To begin with, Travelers Companies seems to have a respectable ROE. Especially when compared to the industry average of 14% the company's ROE looks pretty impressive. This certainly adds some context to Travelers Companies' decent 6.7% net income growth seen over the past five years.

首先,旅行者公司似乎拥有令人尊敬的roe。特别是当公司的roe与行业平均水平14%相比时,公司的roe看起来相当令人印象深刻。这确实为旅行者公司过去五年中可观的6.7%净利润增长提供了一些背景。

We then compared Travelers Companies' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 12% in the same 5-year period, which is a bit concerning.

然后我们将旅行者公司的净利润增长与行业进行了比较,发现公司的增长数据低于同一5年期间行业平均增长率12%,这有些令人担忧。

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NYSE:TRV Past Earnings Growth November 8th 2024
纽交所:TRV过去盈利增长2024年11月8日

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. 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 Travelers Companies is trading on a high P/E or a low P/E, relative to its industry.

收入增长是评估股票价值时要考虑的重要指标。投资者应该尝试确定预期收入增长或下降是否已经计入在内。通过这样做,他们将了解股票是朝着明朗的水域前进,还是等待泥泞水域。预期收入增长的一个很好的指标是市盈率,它根据股票的盈利前景确定市场愿意支付的价格。因此,您可能想要检查Travelers Companies是在高市盈率还是低市盈率交易,相对于其行业。

Is Travelers Companies Using Its Retained Earnings Effectively?

Travelers Companies有效地利用了保留收益吗?

With a three-year median payout ratio of 26% (implying that the company retains 74% of its profits), it seems that Travelers Companies is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.

拥有三年的中位数支付率为26%(暗示公司保留了其利润的74%),似乎Travelers Companies以一种有效的方式进行再投资,以便看到其收入增长的相当可观部分,并支付了得到很好覆盖的股息。

Moreover, Travelers Companies is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 23%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 14%.

此外,Travelers Companies决心继续与股东分享其利润,我们从其至少连续十年支付股息的悠久历史中推断出来。我们的最新分析师数据显示,该公司未来三年的股息支付比率预计约为23%。因此,分析师预测公司未来的ROE也不会有太大变化,预计ROE为14%。

Conclusion

结论

On the whole, we feel that Travelers Companies' performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. As a result, the decent growth in its earnings is not surprising. 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 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Travelers公司的表现相当不错。特别是,我们喜欢该公司正在大量投资业务,并且以很高的回报率。因此,其收益的可观增长并不令人意外。话虽如此,最新的行业分析师预测显示,该公司的收益增长预计将放缓。要了解更多关于该公司未来收益增长预测的信息,请查看此免费报告,以了解更多。

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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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