Has News Corporation (NASDAQ:NWSA) Stock's Recent Performance Got Anything to Do With Its Financial Health?
Has News Corporation (NASDAQ:NWSA) Stock's Recent Performance Got Anything to Do With Its Financial Health?
Most readers would already know that News' (NASDAQ:NWSA) stock increased by 6.8% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on News' ROE.
大部分讀者可能已經知道,納斯達克股份公司 News(NASDAQ:NWSA)的股價在過去三個月內上漲了6.8%。我們想知道公司財務狀況在這一價格變化中發揮了什麼樣的作用,因爲一家公司的長期基本面通常決定市場結果。在本文中,我們決定關注 News 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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或權益回報率是評估公司有效利用股東投資產生回報效率的有用工具。簡而言之,roe顯示每個股東投資所產生的利潤。
How Do You Calculate Return On Equity?
怎樣計算ROE?
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 News is:
因此,根據上述公式,News 的roe爲:
2.8% = US$251m ÷ US$8.9b (Based on the trailing twelve months to March 2024).
2.8% = 美元 2.51億 ÷ 美元 89億(基於截至2024年3月的過去十二個月)。
The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.03 in profit.
"回報"是每年的利潤。可以這樣來理解,對於每1美元的股東資本,該公司會獲得0.03美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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.
到目前爲止,我們已經了解到ROE衡量公司利潤的效率如何。基於公司選擇再投資或保留多少利潤,我們隨後能夠評估公司未來產生利潤的能力。總的來說,在其他條件相等的情況下,具有高ROE和利潤保留的公司的增長率比沒有這些特徵的公司要高。
News' Earnings Growth And 2.8% ROE
News 的盈利增長和2.8% 的roe。
As you can see, News' ROE looks pretty weak. Even compared to the average industry ROE of 14%, the company's ROE is quite dismal. In spite of this, News was able to grow its net income considerably, at a rate of 43% in the last five years. Therefore, there could be other reasons behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
正如您所看到的,News的roe看起來相當低弱。即使與行業平均roe相比(14%),該公司的roe也相當不盡人意。儘管如此,News的淨收入增長迅速,並以43%的速度增長了過去五年。因此,這種增長背後可能存在其他原因。例如,公司具有低的派息比率或者運營管理得當。
We then compared News' 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 7.3% in the same 5-year period.
然後,我們將 News 的淨收入增長與行業進行了比較,發現在相同的五年期內,公司的增長率較行業(7.3%)要高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240707/0-169099c97b1ecfca88db5cff2fb1ae41-0-0143c956c82708f833c28e5135aedb7d.png/big)
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is NWSA fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是估值股票時需要考慮的重要指標。投資者應該嘗試確定預期的盈利增長或下降(無論哪種情況),是否已經計價。這樣做將有助於他們確定股票未來的前景是看漲還是看跌。NWSA是否有公平估價,您可以查看有關該公司內在價值的這張信息圖表獲得答案。
Is News Making Efficient Use Of Its Profits?
News 是否有效利用其利潤?
News' three-year median payout ratio is a pretty moderate 36%, meaning the company retains 64% of its income. So it seems that News is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
News 的三年中位數派息比率爲相當適中的36%,這意味着公司保留了其收入的64%。因此,看起來News正在以一種有效的方式進行再投資,以實現其盈利的顯着增長(如上所述),並支付了被很好地覆蓋的股息。
Additionally, News has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 18% over the next three years. As a result, the expected drop in News' payout ratio explains the anticipated rise in the company's future ROE to 5.6%, over the same period.
此外,News已連續支付了九年的股息,這意味着該公司非常重視與股東分享利潤。我們最新的分析師數據顯示,該公司未來三年的派息比率有望下降到18%。因此,預期的新聞派息比率下降可以解釋該公司未來roe在同期內預計上升至5.6%。
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 feel that News certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable 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. 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,我們認爲 News 確實有一些值得考慮的積極因素。雖然roe較低,但公司有一個高的再投資率,成功實現了盈利的顯着增長。儘管如此,最新的分析師預測顯示該公司未來盈利增長將放緩。要了解有關該公司最新分析師預測的更多信息,請查看該公司分析師預測的這份可視化報告。
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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。