Will Weakness in GigaCloud Technology Inc.'s (NASDAQ:GCT) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in GigaCloud Technology Inc.'s (NASDAQ:GCT) Stock Prove Temporary Given Strong Fundamentals?
With its stock down 16% over the past three months, it is easy to disregard GigaCloud Technology (NASDAQ:GCT). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study GigaCloud Technology's ROE in this article.
股價在過去三個月下跌16%,很容易就會忽略納斯達克的GigaCloud Technology(GCT)。但如果你仔細留意,你可能會發現它強勁的財務狀況可能意味着長期來看股票可能會看到價值增長,因爲市場通常會獎勵具有良好財務健康狀況的公司。具體來說,我們決定在本文中研究GigaCloud Technology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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
對於股東來說,股東回報率(ROE)是一個重要的考慮因素,因爲它告訴股東他們的資本被有效地再投資了多少。換句話說,它是一個衡量公司股東提供的資本回報率的盈利能力比率。
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 GigaCloud Technology is:
因此,基於上述公式,GigaCloud Technology 的ROE爲:
33% = US$105m ÷ US$318m (Based on the trailing twelve months to March 2024).
33% = 10500萬美元 ÷ 31800萬美元(基於截至2024年3月的過去十二個月)。
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 $0.33 in profit.
“回報”是企業在過去一年中獲得的收入。這意味着,對於每1美元的股東權益,該公司創造了0.33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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
到目前爲止,我們已經了解到ROE衡量公司如何高效地生成利潤。現在我們需要評估公司以後的增長潛力,即公司重新投資或“保留”的利潤。其他條件相同的情況下,同時具有較高的股權回報率和較高的利潤保留的公司通常是相對於不具備相同特點的公司而言增長率更高的公司。
GigaCloud Technology's Earnings Growth And 33% ROE
GigaCloud Technology的盈利增長和33%的roe
First thing first, we like that GigaCloud Technology has an impressive ROE. Second, a comparison with the average ROE reported by the industry of 21% also doesn't go unnoticed by us. Under the circumstances, GigaCloud Technology's considerable five year net income growth of 70% was to be expected.
首先,我們喜歡GigaCloud Technology有令人矚目的roe。其次,與行業21%的平均roe相比,我們也對此並不陌生。在這種情況下,GigaCloud Technology在五年時間內淨收入增長了70%,這是可以預料的。
As a next step, we compared GigaCloud Technology's 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 22%.
接下來,我們將GigaCloud Technology的淨收入增長與行業進行了比較,令人欣慰的是,我們發現公司的增長高於行業22%的平均增長。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about GigaCloud Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
給公司附加價值的基礎很大程度上取決於其盈利增長。投資者應該試圖確定預期的盈利增長或下降是否已經定價。這有助於他們判斷股票是處於光明未來還是暗淡未來。如果你想了解GigaCloud Technology的估值,可以查看它的市盈率與行業相比的表現。
Is GigaCloud Technology Using Its Retained Earnings Effectively?
GigaCloud Technology是否有效利用其未分配利潤?
GigaCloud Technology doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
GigaCloud Technology沒有向股東支付任何定期股息,這意味着該公司一直將其所有利潤都用於業務再投資。這很可能是上述高盈利增長數字的推動因素。
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。
On the whole, we feel that GigaCloud Technology's 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. 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,我們認爲GigaCloud Technology的表現相當不錯。特別地,我們喜歡該公司大量再投資業務,以及高回報率。毫不奇怪,此舉已導致出色的盈利增長。儘管如此,目前分析師的預測表明,該公司的盈利增長預計將放緩。要了解更多有關公司最新分析師預測的信息,請查看此可視化分析師預測圖。
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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?對內容感到擔憂?請直接與我們聯繫。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?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。