Is Tecnoglass Inc.'s (NYSE:TGLS) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Tecnoglass Inc.'s (NYSE:TGLS) Recent Stock Performance Tethered To Its Strong Fundamentals?
Most readers would already be aware that Tecnoglass' (NYSE:TGLS) stock increased significantly by 20% over the past month. 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 Tecnoglass' ROE in this article.
大多數讀者可能已經意識到，Tecnoglass（紐交所：TGLS）的股價在過去一個月裏大幅上漲了20%。考慮到市場長期以來獎勵強勁的財務狀況，我們想知道這是否是這種情況。具體來說，我們決定在本文中研究Tecnoglass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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東權益回報率（roe）是一種關鍵指標，用於評估公司管理層如何有效利用公司資本。更簡單地說，它衡量了公司相對股東權益的盈利能力。
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 Tecnoglass is:
因此，根據上述公式，Tecnoglass的ROE爲：
29% = US$165m ÷ US$574m (Based on the trailing twelve months to March 2024).
29% = 1.65億美元 ÷ 5.74億美元（截至2024年3月的過去十二個月）。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.29.
‘回報'是指過去12個月的稅後收入。因此這意味着，對於每1美元的股東投資，該公司會產生0.29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. 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。
Tecnoglass' Earnings Growth And 29% ROE
Tecnoglass的盈利增長和29% ROE
To begin with, Tecnoglass has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 19% the company's ROE is quite impressive. As a result, Tecnoglass' exceptional 53% net income growth seen over the past five years, doesn't come as a surprise.
首先，Tecnoglass的ROE相當高，這很有趣。其次，即使與19%的行業平均水平相比，公司的ROE也相當出色。因此，Tecnoglass過去五年異常的53%淨利潤增長並不令人意外。
As a next step, we compared Tecnoglass' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 14%.
作爲下一步，我們將Tecnoglass的淨利潤增長與行業進行了比較，令人高興的是，我們發現公司的增長超過了14%的行業平均水平。
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. Is TGLS fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增長是股票估值的一個重要因素。投資者知道市場是否已經定價了公司預期的盈利增長（或下降）是很重要的。這可以幫助他們判斷股票是處於光明還是黯淡的未來。TGLS被公平定價了嗎？這份公司內在價值的信息圖有你需要了解的一切。
Is Tecnoglass Efficiently Re-investing Its Profits?
Tecnoglass有效地再投資其利潤嗎？
Tecnoglass' three-year median payout ratio to shareholders is 9.6%, which is quite low. This implies that the company is retaining 90% 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.
Tecnoglass向股東支付的三年中值支付比率爲9.6%，這相當低。這意味着公司留存了90%的利潤。這表明管理層正在重新投資大部分利潤用於業務增長，公司的增長證明了這一點。
Besides, Tecnoglass has been paying dividends over a period of eight years. This shows that the company is committed to sharing profits with its shareholders.
此外，Tecnoglass已經連續八年支付股息。這表明公司致力於與股東分享利潤。
Conclusion
結論
On the whole, we feel that Tecnoglass' performance has been quite good. 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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
總的來說，我們認爲Tecnoglass的表現相當不錯。特別地，我們喜歡公司大量重新投資業務，並以高回報率進行投資。毫不奇怪，這導致了令人印象深刻的盈利增長。儘管如此，最新的行業分析師預測表明公司的盈利增長預計將放緩。要了解有關該公司未來盈利增長預測的更多信息，請查看此免費報告以獲取分析師對該公司的預測。
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對本文有反饋？關注內容？請直接與我們聯繫。或者，發送電子郵件至editorial-team@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
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