Forestar Group Inc. (NYSE:FOR) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Forestar Group Inc. (NYSE:FOR) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 9.9% over the past week, it is easy to disregard Forestar Group (NYSE:FOR). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Forestar Group's ROE.
股票價格下跌9.9%在過去的一週內,很容易忽略Forestar Group(NYSE:FOR)。但是,股票價格通常受公司長期財務表現的影響,在這種情況下,前景看起來相當不錯。在本文中,我們決定關注Forestar Group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 Is ROE Calculated?
淨資產收益率怎麼計算?
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算:
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 Forestar Group is:
因此,基於上述公式,Forestar Group的roe爲:
13% = US$194m ÷ US$1.5b (Based on the trailing twelve months to June 2024).
13%= US $ 19400萬 ÷ US $ 15億(基於截至2024年6月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.13 in profit.
“回報”是稅後過去十二個月賺取的金額。一個概念化這一點的方法是,對於公司擁有的每1美元股東資本,公司賺取了0.13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. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前爲止,我們了解到ROE是衡量一家公司如何高效地產生利潤的指標。 根據公司選擇重新投資或“保留”的利潤的比例,我們能夠評估公司未來產生利潤的能力。 假設其他所有內容保持不變,則ROE和盈利保留比越高,公司的增長速度就越高,這與那些不一定具備這些特徵的公司相比。
Forestar Group's Earnings Growth And 13% ROE
Forestar Group的盈利增長和13%的roe
At first glance, Forestar Group seems to have a decent ROE. Especially when compared to the industry average of 4.9% the company's ROE looks pretty impressive. Probably as a result of this, Forestar Group was able to see an impressive net income growth of 29% over the last five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看,Forestar Group的roe似乎還可以。尤其是與行業平均水平4.9%相比,公司的roe看起來相當令人印象深刻。可能正因爲如此,過去五年,Forestar Group的淨利潤增長了29%。我們認爲這裏還可能有其他因素在起作用。例如,公司具有較低的派息比率或受到有效管理。
We then compared Forestar Group'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Forestar Group的淨利潤增長與行業進行比較,很高興看到公司的增長數字比該行業在同一五年期內的14%增長率高。
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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). Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Forestar Group is trading on a high P/E or a low P/E, relative to its industry.
盈利增長是股票估值的重要因素。對於投資者來說,了解市場是否已經定價了公司預期的盈利增長(或下降)非常重要。這樣做將幫助他們確立股票的未來展望是光明還是黑暗。一個衡量預期盈利增長的好指標是市盈率,它根據公司的收益前景確定市場願意爲股票支付的價格。因此,您可能需要檢查Forestar Group是否與行業相比高估或低估的市盈率。
Is Forestar Group Efficiently Re-investing Its Profits?
Forestar Group有效地再投資其利潤嗎?
Forestar Group doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
Forestar Group目前不支付任何定期股息,這基本上意味着它一直在將所有利潤重新投資到業務中。這肯定有助於我們上面討論的高盈利增長率。
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 are quite pleased with Forestar Group'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. 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.
總體而言,我們對Forestar Group的表現感到相當滿意。特別是,我們喜歡公司大量重投業務,並以較高的回報率實現。不出所料,這導致了令人印象深刻的盈利增長。話雖如此,最新的行業分析師預測顯示,預計該公司的盈利增長將放緩。要了解更多關於公司未來盈利增長預測的信息,請查看有關分析師對該公司的預測的免費報告。
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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?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。