Do Its Financials Have Any Role To Play In Driving Silicon Motion Technology Corporation's (NASDAQ:SIMO) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Silicon Motion Technology Corporation's (NASDAQ:SIMO) Stock Up Recently?
Most readers would already be aware that Silicon Motion Technology's (NASDAQ:SIMO) stock increased significantly by 11% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Silicon Motion Technology's ROE today.
大部分讀者應該已經知道,慧榮科技(納斯達克:SIMO)的股票在過去三個月裏顯著增長了11%。由於股票價格通常與公司的長期財務表現保持一致,因此我們決定更仔細地研究其財務指標,以確定它們是否對最近的股價走勢產生了影響。特別地,今天我們將關注慧榮科技的ROE。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或roe是一項關鍵指標,用於評估公司管理層使用公司資本的效率。換句話說,它揭示了公司將股東的投資轉化爲利潤的成功。
How Is ROE Calculated?
淨資產收益率怎麼計算?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
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 Silicon Motion Technology is:
因此,根據上述公式,慧榮科技的ROE爲:
7.8% = US$59m ÷ US$753m (Based on the trailing twelve months to March 2024).
7.8%= 5900萬美元÷ 7.53億美元(基於截至2024年3月的過去十二個月)。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.08 in profit.
“回報”是過去十二個月的利潤。這意味着對於每1美元的股東權益,公司創造了0.08美元的利潤。
What Has ROE Got To Do With Earnings Growth?
ROE與盈利增長有什麼關係?
So far, we've learned that ROE is a measure of a company's profitability. 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 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 ROE 是衡量公司盈利能力的指標。根據公司再投資或“保留”的這些利潤的數量以及其有效性,我們可以評估公司的盈利增長潛力。假設其他都相同,ROE 和利潤保留較高的公司通常具有更高的增長率,與那些沒有這些特點的公司相比。
Silicon Motion Technology's Earnings Growth And 7.8% ROE
慧榮科技的淨利潤增長和7.8%的ROE
At first glance, Silicon Motion Technology's ROE doesn't look very promising. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 15% either. However, the moderate 7.3% net income growth seen by Silicon Motion Technology over the past five years is definitely a positive. So, the growth in the company's earnings could probably have been caused by other variables. Such as - high earnings retention or an efficient management in place.
乍一看,慧榮科技的ROE看起來並不是很有前途。但如果再稍微深入研究一下,就會發現公司的ROE與行業平均水平15%相比也不佔優勢。然而,在過去五年中,慧榮科技的7.3%的淨利潤增長是肯定的積極因素。因此,公司收益的增長可能是由其他變量引起的。例如——高收益保留或有效的管理。
As a next step, we compared Silicon Motion Technology'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 31% in the same period.
作爲下一步,我們將慧榮科技的淨利潤增長與行業進行了比較,令人失望的是,在同一時期,公司的增長低於行業平均增長31%的水平。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240617/0-a1d8646d93a2bc525688ea191cb1912d-0-71a0a45d979e5b4996a731555f525c3d.png/big)
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Silicon Motion Technology'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一個重要因素。投資者了解市場是否已經將公司的預期收益增長(或下降)的價格計入進去就顯得尤爲重要。這有助於他們判斷股票是處於光明還是黯淡的未來。如果您想了解慧榮科技的估值情況,請查看該公司的市盈率與行業的比較情況。
Is Silicon Motion Technology Using Its Retained Earnings Effectively?
慧榮科技是否有效地利用其保留的收益?
Silicon Motion Technology has a healthy combination of a moderate three-year median payout ratio of 29% (or a retention ratio of 71%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
慧榮科技具有適度的三年中位數派息比率29%(或留存比率71%)和一定量的盈利增長,正如我們上面所看到的,這意味着公司一直在有效地利用其利潤。
Besides, Silicon Motion Technology has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 34% of its profits over the next three years. However, Silicon Motion Technology's ROE is predicted to rise to 20% despite there being no anticipated change in its payout ratio.
此外,慧榮科技已經連續十年或更長時間支付股息。這表明公司致力於與其股東分享利潤。在研究最新的分析師共識數據時,我們發現該公司有望在未來三年內繼續支付約34%的利潤。然而,預計慧榮科技的ROE將達到20%,儘管其派息比率沒有預期的變化。
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。
In total, it does look like Silicon Motion Technology has some positive aspects to its business. Namely, its respectable earnings growth, which it achieved due to it retaining most of its profits. However, given the low ROE, investors may not be benefitting from all that reinvestment after all. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總體而言,慧榮科技的業務具有一些優點。值得一提的是,其值得尊敬的收益增長,這得益於其絕大部分利潤的保留。然而,鑑於ROE較低,投資者可能並不能從所有的再投資中獲益。儘管如此,從目前分析師的預測來看,我們發現公司的收益有望加速增長。要了解更多關於該公司未來收益增長的預測,請查看此免費報告。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。