Is Noble Corporation Plc's (NYSE:NE) Latest Stock Performance Being Led By Its Strong Fundamentals?
Is Noble Corporation Plc's (NYSE:NE) Latest Stock Performance Being Led By Its Strong Fundamentals?
Most readers would already know that Noble's (NYSE:NE) stock increased by 9.4% over the past three months. 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 Noble's ROE in this article.
大多數讀者都已了解到,Noble(紐交所:NE)的股價在過去三個月內上漲了9.4%。由於市場通常會關注公司的長期財務健康狀況,所以我們決定研究公司的基本面,以確定它們是否可能正在影響市場。特別是,我們決定在本文中研究Noble的ROE。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股東權益報酬率是一種有用的工具,用於評估一家公司能否有效地利用來自股東的投資產生回報。換句話說,它揭示了公司將股東的投資變成利潤的成功程度。
How Do You Calculate Return On Equity?
怎樣計算ROE?
The formula for ROE is:
roe的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤(從持續經營中獲得)÷ 股東權益
So, based on the above formula, the ROE for Noble is:
因此,根據上述公式,Noble的ROE爲:
12% = US$469m ÷ US$3.9b (Based on the trailing twelve months to March 2024).
12% = 4.69億美元 ÷ 39億美元(基於截至2024年3月的過去12個月)。
The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.12 in profit.
'回報'是年利潤。這意味着對於每1美元的股東權益,公司產生了0.12美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
既然我們已經確定ROE是一種有效的利潤生成標準,用於評估公司未來的盈利能力,我們現在需要評估公司“保留”爲未來增長而重新投資的利潤多少,這使我們對公司的增長潛力有了一個了解。一般而言,在其他條件相等的情況下,ROE和利潤留存高的公司,增長率比沒有這些屬性的公司要高。
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. 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.
我們已經確定ROE是衡量公司未來盈利能力的有效指標。基於公司選擇再投資或“留存”利潤的比例,我們可以評估公司未來生成利潤的能力。其他條件相同的情況下,具有更高淨資產收益率和更高利潤留存率的公司通常比沒有這些特點的公司增長率更高。
Noble's Earnings Growth And 12% ROE
Noble的淨利潤增長和12%的ROE
To begin with, Noble seems to have a respectable ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 13%. This certainly adds some context to Noble's exceptional 41% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
首先,Noble似乎具有可觀的ROE。與行業平均ROE相比,我們發現行業平均ROE也相似在13%左右。這無疑爲過去五年Noble異常的41%的淨利潤增長增添了一些背景。我們認爲,這裏也可能存在其他因素,例如高收益保留或有效的管理。
Next, on comparing Noble's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 45% over the last few years.
接下來,通過將Noble的淨利潤增長與行業進行比較,我們發現公司報告的增長與過去幾年的行業平均增長率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240530/0-88973e6e2f02fdb567e6b151d4c06e2a-0-b44600a9a77c254f35b35dc6bf684aaf.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. This then helps them determine if the stock is placed for a bright or bleak future. Is Noble fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的重要因素。投資者需要判斷的下一步是,預期的盈利增長,或者缺少的盈利增長,是否已經反映在股價中,這有助於他們確定股票的未來前景是光明還是黯淡。與其他公司相比,Noble的估值是否公道?這三個估值指標可能會有所幫助。
Is Noble Using Its Retained Earnings Effectively?
Noble是否有效利用了保留收益?
Noble's ' three-year median payout ratio is on the lower side at 20% implying that it is retaining a higher percentage (80%) 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.
Noble的三年中位數支付比率較低,爲20%,表明它保留了更高百分比(80%)的利潤。因此,看起來管理層正在大量 reinvest 利潤以增加業務,這體現在其盈利增長數字中。
Along with seeing a growth in earnings, Noble only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 48% over the next three years. Still, forecasts suggest that Noble's future ROE will rise to 19% even though the the company's payout ratio is expected to rise. We presume that there could some other characteristics of the business that could be driving the anticipated growth in the company's ROE.
除了看到盈利增長之外,Noble最近才開始支付股息。公司可能正在尋求打動其股東。在研究最新的分析師共識數據時,我們發現公司未來的支付比率預計將在未來三年內升至48%。儘管預測表明Noble的未來ROE將升至19%,但該公司的支付比率有望上升。我們認爲,業務的其他特徵可能正在推動該公司的ROE預期增長。
Summary
總的來說,我們對偉明環保的表現非常滿意。具體而言,我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然,這導致公司的收益大幅增長。但是,最新的行業分析師預測表明,該公司的收益預計將加速增長。
Overall, we are quite pleased with Noble's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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.
總的來說,我們對Noble的表現相當滿意。具體來說,我們喜歡該公司高率回報地重投了其大部分利潤。當然,這已經導致公司的盈利實現了實質性的增長。即使如此,最新的分析師預測顯示,該公司未來的盈利增長預計將放緩。這些分析師的預測是基於行業的廣泛預期,還是基於公司的基本面呢?點擊此處,前往我們的分析師預測頁面。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。