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Is Weakness In Atkore Inc. (NYSE:ATKR) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

Is Weakness In Atkore Inc. (NYSE:ATKR) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

Atkore Inc.(纽交所:ATKR)股票的疲软是否意味着市场可能对其强劲的财务前景产生了误判?
Simply Wall St ·  2024/12/18 07:22

With its stock down 4.2% over the past week, it is easy to disregard Atkore (NYSE:ATKR). 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. Particularly, we will be paying attention to Atkore's ROE today.

在过去一周,Atkore(纽交所代码:ATKR)的股票下跌了4.2%,这使得它容易被忽视。但如果你仔细观察,你可能会发现它强劲的财务状况意味着该股票可能在长期内增值,因为市场通常会奖励财务健康的公司。特别是,今天我们将关注Atkore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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

股东权益回报率(ROE)是用于评估公司管理层利用公司资本效率的关键指标。换句话说,它是一个盈利能力比率,用于衡量股东提供的资本的回报率。

How Is ROE Calculated?

净资产收益率怎么计算?

Return on equity can be calculated by using the formula:

净资产收益率可以通过以下公式计算:

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

股东权益回报率 = 净利润(来自持续运营)÷ 股东权益

So, based on the above formula, the ROE for Atkore is:

因此,根据上述公式,Atkore的ROE为:

31% = US$473m ÷ US$1.5b (Based on the trailing twelve months to September 2024).

31% = 47300万美元 ÷ 15亿美金(基于截至2024年9月的过去十二个月数据)。

The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.31 in profit.

'回报'是指公司在过去一年中的收益。这意味着对于每1美元的股东权益,公司产生了0.31美元的利润。

What Is The Relationship Between ROE And Earnings Growth?

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.

到目前为止,我们已经了解到ROE衡量的是一家公司产生利润的效率。根据公司选择再投资或“保留”的利润比例,我们能够评估公司未来产生利润的能力。一般来说,在其他条件相同的情况下,具有高股本回报率和利润保留的公司,其增长率高于不具备这些特征的公司。

Atkore's Earnings Growth And 31% ROE

Atkore的盈利增长和31%的ROE

To begin with, Atkore has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 11% the company's ROE is quite impressive. So, the substantial 24% net income growth seen by Atkore over the past five years isn't overly surprising.

首先,Atkore的ROE相当高,这很有趣。其次,即使与行业平均的11%相比,公司的ROE也相当令人印象深刻。因此,Atkore在过去五年中看到的24%的净利润增长并不算过于惊讶。

Next, on comparing with the industry net income growth, we found that Atkore's growth is quite high when compared to the industry average growth of 16% in the same period, which is great to see.

接下来,在与行业净利润增长进行比较时,我们发现Atkore的增长相较于同期行业平均增长16%相当高,这非常令人欣慰。

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NYSE:ATKR Past Earnings Growth December 18th 2024
纽交所:ATKR 过去的盈利增长 2024年12月18日

Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is ATKR fairly valued? This infographic on the company's intrinsic value has everything you need to know.

盈利增长是股票估值的重要因素。 投资者了解市场是否考虑了公司的预期盈利增长(或下降)是很重要的。 这有助于他们判断股票未来的前景是光明还是黯淡。 ATKR的估值是否合理? 这张关于公司内在价值的信息图包含了你需要了解的所有内容。

Is Atkore Making Efficient Use Of Its Profits?

Atkore是否有效利用其利润?

Atkore has a really low three-year median payout ratio of 4.4%, meaning that it has the remaining 96% left over to reinvest into its business. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.

Atkore的三年中位数派息率仅为4.4%,这意味着它有剩余的96%用于重新投资到其业务中。因此,管理层似乎正在大量重新投资利润以发展其业务,这反映在其盈利增长数字中。

Along with seeing a growth in earnings, Atkore only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders.

除了盈利增长,Atkore最近才开始支付分红派息。 可能公司是想给股东留下深刻印象。

Summary

总结

On the whole, we feel that Atkore's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable 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. 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,我们认为Atkore的表现相当不错。特别值得一提的是,公司正在大力投资于其业务,再加上高回报率,导致其收益大幅增长。然而,在研究最新的分析师预测时,我们发现尽管公司过去的收益有所增长,但分析师预计其未来收益将会缩减。这些分析师的预期是基于行业的广泛预期,还是基于公司的基本面?点击此处查看我们对该公司的分析师预测页面。

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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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这篇来自Simply Wall St的文章是一般性的。我们根据历史数据和分析师预测提供评论,采用无偏见的方法,我们的文章并不旨在提供财务建议。它不构成对任何股票的买入或卖出建议,也未考虑到您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均没有持仓。

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