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Are Robust Financials Driving The Recent Rally In CSW Industrials, Inc.'s (NASDAQ:CSWI) Stock?

Are Robust Financials Driving The Recent Rally In CSW Industrials, Inc.'s (NASDAQ:CSWI) Stock?

穩健的財務狀況是否推動了CSW Industrials,Inc.(納斯達克:CSWI)股票的最近反彈?
Simply Wall St ·  06/12 06:51

CSW Industrials (NASDAQ:CSWI) has had a great run on the share market with its stock up by a significant 12% over the last three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study CSW Industrials' ROE in this article.

CSW Industrials (納斯達克:csw industrials)在股市上表現出色,股票在過去三個月中上漲了顯著的12%。鑑於市場長期獎勵強勁的財務表現,我們想知道這是否適用於此情況。具體而言,我們在本文中決定研究CSW Industrials的roe。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

股東權益回報率(ROE)是檢驗公司增加其價值和管理投資者資金有效性的測試。簡而言之,ROE顯示每個美元的利潤與其股東的投資有關。

How Do You Calculate Return On Equity?

怎樣計算ROE?

ROE can be calculated by using the formula:

淨資產收益率可以使用以下公式進行計算:

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 CSW Industrials is:

因此,根據上述公式,CSW Industrials的roe爲:

16% = US$103m ÷ US$635m (Based on the trailing twelve months to March 2024).

16% = US $ 103m ÷ US $ 635m(基於2024年3月的過去12個月)。

The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.16 in profit.

'回報'是每年的利潤。一個理解它的方式是,對於每個股東的資本1美元,公司賺取了16美分的利潤。

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. 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. 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.

我們已經確定roe對於公司未來收益的有效衡量工具。根據公司再投資或“留存”這些利潤的程度及其有效性,我們隨後可以評估公司的收益增長潛力。一般而言,其他條件相同的情況下,roe和利潤留存率較高的公司比不具備這些屬性的公司具有更高的增長率。

CSW Industrials' Earnings Growth And 16% ROE

CSW Industrials的盈利增長和16%的roe

At first glance, CSW Industrials seems to have a decent ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 18%. This probably goes some way in explaining CSW Industrials' significant 21% net income growth over the past five years amongst other factors. However, there could also be other drivers behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.

乍一看,CSW Industrials的roe似乎不錯。通過與行業相比較,我們發現行業的平均roe也很接近,爲18%。這可能在某種程度上解釋了CSW Industrials在過去五年中顯着的21%淨收入增長等其他因素。然而,這種增長背後也可能有其他推動力。例如,公司的管理層可能做出了一些良好的戰略決策,或者公司的派息比率較低。

We then compared CSW Industrials' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 14% in the same 5-year period.

然後,我們將CSW Industrials的淨收入增長與行業進行了比較,並高興地看到,該公司的增長率高於行業,在同一5年期內增長了14%。

past-earnings-growth
NasdaqGS:CSWI Past Earnings Growth June 12th 2024
NasdaqGS:CSWI過去的盈利增長爲2024年6月12日

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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is CSW Industrials fairly valued compared to other companies? These 3 valuation measures might help you decide.

盈利增長是股票估值的一個重要因素。投資者需要判斷的下一個問題是,預期的盈利增長(或缺乏盈利增長)是否已經反映在股票價格中。通過這樣做,他們將了解股票是否即將進入清澈的藍水還是等待苦難的沼澤水。與其他公司相比,CSW Industrials的估值是否合理?這3個估值指標可能會有所幫助。

Is CSW Industrials Efficiently Re-investing Its Profits?

CSW Industrials是否高效地重新投資其利潤?

CSW Industrials' three-year median payout ratio to shareholders is 12%, which is quite low. This implies that the company is retaining 88% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

CSW Industrials的三年中位數派息比率爲12%,相當低。這意味着公司保留了88%的利潤。這表明管理層正在重新投資大部分利潤以促進業務增長,正如公司的增長所證明的那樣。

Additionally, CSW Industrials has paid dividends over a period of five years which means that the company is pretty serious about sharing its profits with shareholders.

此外,CSW Industrials在五年內支付了股息,這意味着公司非常重視與股東分享利潤。

Conclusion

結論

On the whole, we feel that CSW Industrials' 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. 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.

總體而言,我們認爲CSW Industrials的表現相當不錯。特別是,很高興看到公司大量投資於業務,並且收益率很高,這導致公司的收益顯着增長。儘管如此,預計公司的盈利增長將放緩,正如當前分析師預測所顯示的那樣。要了解有關公司最新分析師預測的更多信息,請查看此分析師預測的可視化。

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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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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。

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