Is Comfort Systems USA, Inc.'s (NYSE:FIX) Recent Performance Tethered To Its Attractive Financial Prospects?
Is Comfort Systems USA, Inc.'s (NYSE:FIX) Recent Performance Tethered To Its Attractive Financial Prospects?
Comfort Systems USA's (NYSE:FIX) stock up by 4.7% over the past month. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Particularly, we will be paying attention to Comfort Systems USA's ROE today.
美國康福特系統(紐約證券交易所代碼:FIX)的股票在過去一個月中上漲了4.7%。由於市場通常會爲公司的長期財務狀況付出代價,因此我們決定研究公司的基本面,看看它們是否會影響市場。特別是,我們今天將關注美國舒適系統的投資回報率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回報率或投資回報率是對公司增值和管理投資者資金的有效性的考驗。換句話說,它是衡量公司股東提供的資本回報率的盈利比率。
View our latest analysis for Comfort Systems USA
查看我們對美國康福特系統的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for ROE is:
ROE 的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Comfort Systems USA is:
因此,根據上述公式,美國舒適系統的投資回報率爲:
24% = US$287m ÷ US$1.2b (Based on the trailing twelve months to September 2023).
24% = 2.87億美元 ¥12億美元(基於截至2023年9月的過去十二個月)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.24 in profit.
“回報” 是企業在過去一年中獲得的收入。另一種看法是,每持有價值1美元的股權,公司就能獲得0.24美元的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前爲止,我們已經了解到,投資回報率是衡量公司盈利能力的指標。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。假設其他條件都一樣,與功能不相同的公司相比,具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。
A Side By Side comparison of Comfort Systems USA's Earnings Growth And 24% ROE
美國舒適系統的收益增長和24%的投資回報率的並行比較
Firstly, we acknowledge that Comfort Systems USA has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 11% also doesn't go unnoticed by us. As a result, Comfort Systems USA's exceptional 21% net income growth seen over the past five years, doesn't come as a surprise.
首先,我們承認美國康福系統的投資回報率非常高。其次,與該行業報告的11%的平均投資回報率進行比較也不會被我們忽視。因此,美國康福特系統公司在過去五年中實現了驚人的21%的淨收入增長不足爲奇。
As a next step, we compared Comfort Systems USA's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 19% in the same period.
下一步,我們將Comfort Systems USA的淨收入增長與該行業進行了比較,發現與同期19%的行業平均增長率相比,該公司的增長數字相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231209/0-0123142b9370c954a867165ffb1ee9fc-0-4bf80607da31d33d9f0cc08b6fb188e5.png/big)
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Comfort Systems USA's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值的重要因素。投資者接下來需要確定的是,預期的收益增長或缺乏收益增長是否已經包含在股價中。這樣做將幫助他們確定股票的未來是光明還是不祥。如果你想知道美國Comfort Systems的估值,可以看看這個衡量其市盈率與行業比較的指標。
Is Comfort Systems USA Efficiently Re-investing Its Profits?
美國康福特系統公司是否有效地對其利潤進行了再投資?
Comfort Systems USA's three-year median payout ratio to shareholders is 10.0%, which is quite low. This implies that the company is retaining 90% of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
美國康福特系統公司向股東派息的三年中位數爲10.0%,相當低。這意味着該公司保留了90%的利潤。因此,管理層似乎正在對利潤進行大量再投資以發展業務,這反映在其收益增長數字上。
Additionally, Comfort Systems USA 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 drop to 7.0% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
此外,Comfort Systems USA在至少十年的時間裏支付了股息,這意味着該公司非常認真地與股東分享利潤。在研究最新的分析師共識數據後,我們發現該公司的未來派息率預計將在未來三年內降至7.0%。儘管預期的支付率較低,但該公司的投資回報率預計不會有太大變化。
Summary
摘要
On the whole, we feel that Comfort Systems USA's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們認爲美國舒適系統的表現相當不錯。特別是,我們喜歡該公司對其業務進行大量再投資,而且回報率很高。毫不奇怪,這帶來了可觀的收益增長。話雖如此,正如當前分析師估計的那樣,該公司的收益增長預計將放緩。要了解有關分析師對公司的最新預測的更多信息,請查看分析師對公司的預測的可視化。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。