Donaldson Company, Inc.'s (NYSE:DCI) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Donaldson Company, Inc.'s (NYSE:DCI) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Donaldson Company's (NYSE:DCI) stock up by 2.3% 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. Specifically, we decided to study Donaldson Company's ROE in this article.
唐納森公司(紐約證券交易所代碼:DCI)的股票在過去一個月中上漲了2.3%。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。具體而言,我們決定在本文中研究唐納森公司的投資回報率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或投資回報率是股東需要考慮的重要因素,因爲它可以告訴他們資本再投資的有效性。簡而言之,投資回報率顯示了每美元從其股東投資中產生的利潤。
See our latest analysis for Donaldson Company
查看我們對唐納森公司的最新分析
How Is ROE Calculated?
ROE 是如何計算的?
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算:
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 Donaldson Company is:
因此,根據上述公式,唐納森公司的投資回報率爲:
27% = US$364m ÷ US$1.3b (Based on the trailing twelve months to October 2023).
27% = 3.64億美元 ¥13億美元(基於截至2023年10月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.27 in profit.
“回報” 是過去十二個月的稅後收入。這意味着,每持有價值1美元的股東權益,公司就會產生0.27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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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.
到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。現在,我們需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長,從而使我們對公司的增長潛力有所了解。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
A Side By Side comparison of Donaldson Company's Earnings Growth And 27% ROE
唐納森公司的收益增長和27%的投資回報率的並行比較
To begin with, Donaldson Company has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 15% the company's ROE is quite impressive. This probably laid the groundwork for Donaldson Company's moderate 8.2% net income growth seen over the past five years.
首先,唐納森公司的投資回報率相當高,這很有趣。其次,即使與15%的行業平均水平相比,該公司的投資回報率也相當可觀。這可能爲唐納森公司在過去五年中實現8.2%的溫和淨收入增長奠定了基礎。
As a next step, we compared Donaldson Company'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 8.8% in the same period.
下一步,我們將唐納森公司的淨收入增長與行業進行了比較,發現與同期8.8%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/7781/20231211/0-6dc7f55c326bdb3208a8913fb3f7cca0-0-cfd2816cddcae724c0d3a2b5e9b4ccbd.png/big)
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. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for DCI? You can find out in our latest intrinsic value infographic research report.
收益增長是估值股票時要考慮的重要指標。投資者應努力確定預期的收益增長或下降(無論情況如何)是否已被定價。然後,這可以幫助他們確定股票是面向光明還是黯淡的未來。市場是否對DCI的未來前景進行了定價?您可以在我們最新的內在價值信息圖研究報告中找到答案。
Is Donaldson Company Using Its Retained Earnings Effectively?
唐納森公司是否在有效使用其留存收益?
Donaldson Company has a three-year median payout ratio of 35%, which implies that it retains the remaining 65% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
唐納森公司的三年中位數支付率爲35%,這意味着它保留了剩餘的65%的利潤。這表明其股息得到了很好的保障,鑑於該公司的可觀增長,管理層似乎正在有效地對其收益進行再投資。
Additionally, Donaldson Company 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 25% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
此外,唐納森公司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。在研究了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25%。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 Donaldson Company'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. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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,我們認爲唐納森公司的表現相當不錯。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。最新的行業分析師預測顯示,該公司有望保持目前的增長率。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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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。