Should Weakness in National Beverage Corp.'s (NASDAQ:FIZZ) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in National Beverage Corp.'s (NASDAQ:FIZZ) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
It is hard to get excited after looking at National Beverage's (NASDAQ:FIZZ) recent performance, when its stock has declined 7.6% over the past month. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study National Beverage's ROE in this article.
看了國家飲料公司(納斯達克股票代碼:FIZZ)最近的表現,很難感到興奮,當時其股票在過去一個月中下跌了7.6%。但是,從長遠來看,股票價格通常由公司的財務狀況驅動,在這種情況下,這看起來相當可觀。具體而言,我們決定在本文中研究國家飲料公司的投資回報率。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。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。
How To Calculate Return On Equity?
如何計算股本回報率?
The formula for return on equity is:
股本回報率的公式是:
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 National Beverage is:
因此,根據上述公式,國家飲料的投資回報率爲:
33% = US$169m ÷ US$510m (Based on the trailing twelve months to January 2024).
33% = 1.69億美元 ÷ 5.1億美元(基於截至2024年1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 $0.33 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,該公司就會產生0.33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?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
我們已經確定,投資回報率是衡量公司未來收益的有效盈利指標。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。
National Beverage's Earnings Growth And 33% ROE
National Beverage的收益增長和33%的投資回報率
Firstly, we acknowledge that National Beverage has a significantly high ROE. Additionally, the company's ROE is higher compared to the industry average of 18% which is quite remarkable. Despite this, National Beverage's five year net income growth was quite low averaging at only 3.1%. This is interesting as the high returns should mean that the company has the ability to generate high growth but for some reason, it hasn't been able to do so. Such a scenario is likely to take place when a company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.
首先,我們承認國家飲料公司的投資回報率非常高。此外,該公司的投資回報率高於行業平均水平的18%,這非常引人注目。儘管如此,National Beverage的五年淨收入增長還是相當低的,平均僅爲3.1%。這很有趣,因爲高回報應該意味着公司有能力實現高增長,但由於某種原因,它一直無法實現高增長。當一家公司將其收益的很大一部分作爲股息支付,或者面臨競爭壓力時,可能會發生這種情況。
As a next step, we compared National Beverage's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 7.1% in the same period.
下一步,我們將National Beverage的淨收入增長與該行業進行了比較,並失望地看到該公司的增長低於同期7.1%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240326/0-e56c968315461d639e600dda6ce5ff73-0-de0ed846dfa1bed2001dfb7abc6c3fb4.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. Is National Beverage fairly valued compared to other companies? These 3 valuation measures might help you decide.
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樂觀還是不祥的。與其他公司相比,National Beverage的估值是否合理?這3種估值指標可能會幫助您做出決定。
Is National Beverage Using Its Retained Earnings Effectively?
National Beverage能否有效使用其留存收益?
Summary
摘要
Overall, we feel that National Beverage certainly does have some positive factors to consider. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 1 risk we have identified for National Beverage visit our risks dashboard for free.
總的來說,我們認爲國家飲料確實有一些積極的因素需要考慮。但是,低收益增長有點令人擔憂,特別是考慮到該公司的回報率很高,並且正在將很大一部分利潤再投資。從表面上看,可能還有其他一些因素阻礙了增長,這些因素不一定是業務的控制。雖然我們不會完全解散公司,但我們要做的是努力確定業務的風險,以便在公司周圍做出更明智的決定。要了解我們爲國家飲料確定的一種風險,請免費訪問我們的風險儀表板。
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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。