Could The Market Be Wrong About XPEL, Inc. (NASDAQ:XPEL) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About XPEL, Inc. (NASDAQ:XPEL) Given Its Attractive Financial Prospects?
XPEL (NASDAQ:XPEL) has had a rough three months with its share price down 43%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to XPEL's ROE today.
XPEL（納斯達克：XPEL）的股價在過去三個月中跌了43%。然而，股價通常是由一家公司的長期財務表現驅動的，在這種情況下，其前景看起來相當有前途。今天我們將特別關注XPEL的roe。
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股東應考慮的重要因素是淨資產收益率或roe，因爲它告訴他們投資的資本如何被有效地再投資。簡單來說，它用於評估公司與其股權資本相關的盈利能力。
How Is ROE Calculated?
淨資產收益率怎麼計算？
The formula for return on equity is:
權益回報率的計算公式是：
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 XPEL is:
因此，根據上述公式，XPEL的ROE爲：
26% = US$48m ÷ US$186m (Based on the trailing twelve months to March 2024).
26％= 4800萬美元÷ 18600萬美元（基於截至2024年3月的過去12個月）。
The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.26 in profit.
“回報”是企業在過去一年中賺取的收入。這意味着，對於每1美元的股東權益價值，該公司產生了0.26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？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
我們已經確認roe是一個有效的盈利指標，用於衡量公司未來的盈利能力。現在我們需要評估公司爲未來增長重新投資或“保留”的利潤有多少，這將給我們提供有關公司增長潛力的想法。假設其他一切相等，具有更高回報率和更高盈利保留的公司通常比沒有同樣特點的公司具有更高的增長率。
A Side By Side comparison of XPEL's Earnings Growth And 26% ROE
按照XPEL收益增長和26％的ROE進行的並列比較
To begin with, XPEL has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 12% which is quite remarkable. As a result, XPEL's exceptional 32% net income growth seen over the past five years, doesn't come as a surprise.
首先，XPEL的ROE相當高，這很有趣。此外，該公司的ROE高於行業平均水平的12％，令人印象深刻。因此，XPEL在過去五年中卓越的32％淨利潤增長並不讓人感到意外。
We then compared XPEL's 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XPEL的淨利潤增長與行業進行了比較，我們很高興看到，在相同的5年期內，該公司的增長率比行業高14％。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for XPEL? You can find out in our latest intrinsic value infographic research report.
評估公司價值的基礎在很大程度上與其盈利增長相關。投資者了解市場是否已折價公司預期的盈利增長（或下降）至關重要。這樣做將有助於他們確定該股票的未來前景是光明還是黯淡。市場是否已爲XPEL的未來展望定價？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 XPEL Using Its Retained Earnings Effectively?
XPEL是否有效利用其留存收益？
Given that XPEL doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
考慮到XPEL不向其股東支付任何普通股息，我們推斷該公司一直在重新投資其所有利潤以推動業務增長。
Conclusion
結論
In total, we are pretty happy with XPEL's performance. 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. 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.
總的來說，我們對XPEL的表現感到非常滿意。特別是，我們喜歡該公司大量投入業務，並且回報率很高的事實。不出所料，這導致了令人印象深刻的盈利增長。話雖如此，預計該公司的盈利增長將放緩，這是當前分析師預測的結果。有關該公司最新分析師預測的更多信息，請查看該公司的分析師預測可視化。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。或電郵 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，也可以發送電子郵件至editorial-team@simplywallst.com