Is Molina Healthcare, Inc.'s (NYSE:MOH) Latest Stock Performance A Reflection Of Its Financial Health?
Is Molina Healthcare, Inc.'s (NYSE:MOH) Latest Stock Performance A Reflection Of Its Financial Health?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity Molina Healthcare (NYSE:MOH) has had a great run on the share market with its stock up by a significant 22% over the last week. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Molina Healthcare's ROE.
Molina Healthcare（NYSE：MOH）股價在上週大漲22％，市場獎勵長期強勁的財務表現，我們想知道這是否在本例中成立。本文將重點關注Molina Healthcare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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
roe，即淨資產收益率，是一種評估公司如何有效地從股東手中獲取投資回報的有用工具。換句話說，它是一種盈利能力比率，衡量公司股東提供的資本的回報率。
How To Calculate Return On Equity?
如何計算股東權益報酬率？
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 Molina Healthcare is:
因此，根據上述公式，Molina Healthcare的ROE爲：
22% = US$1.1b ÷ US$4.8b (Based on the trailing twelve months to June 2024).
22％= US $ 11億 ÷ US $ 48億（基於截至2024年6月的過去十二個月）。
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.22 in profit.
“回報”是指一家公司在過去一年中賺取的收益。一個概念化的方法是，對於每1美元的股東資本，公司賺取了0.22美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要？
So far, we've learned that ROE is a measure of a company's profitability. 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 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，我們已經了解了ROE是衡量公司盈利能力的一個指標。我們現在需要評估公司再投資或“保留”未來增長的利潤量，以此給我們提供公司增長潛力的想法。假設其他所有因素保持不變，ROE和利潤保留率越高，相比不具備這些特徵的公司，這些公司的增長率就越高。
Molina Healthcare's Earnings Growth And 22% ROE
Molina Healthcare的盈利增長與22％的ROE
At first glance, Molina Healthcare seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 11%. Probably as a result of this, Molina Healthcare was able to see a decent growth of 7.7% over the last five years.
一開始，Molina Healthcare的ROE看起來還不錯。此外，該公司的ROE與行業平均水平（11％）相比較，處於相當優越的地位。可能由於這個原因，過去五年Molina Healthcare的增長達到了7.7％。
We then compared Molina Healthcare'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 4.7% in the same 5-year period.
然後我們將Molina Healthcare的淨收入增長率與行業進行了比較，很高興看到公司的增長指標高於同一5年時期行業的增長率（4.7％）。
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 Molina Healthcare fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是考慮對股票進行估值時應該注意的重要指標。投資者應嘗試確定預期的盈利增長或下降（無論哪種情況）是否被定價。這樣做有助於他們確定股票的未來前景是否光明或黯淡。Molina healthcare與其他公司相比是一個價值公道的公司嗎？這3種估值方法或許可以幫你決定。
Is Molina Healthcare Efficiently Re-investing Its Profits?
Molina Healthcare是否有效地再投資其利潤？
Given that Molina Healthcare 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.
鑑於Molina Healthcare不向股東支付定期股息，我們可以推斷出該公司一直在將其所有利潤用於業務擴張。
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。
In total, we are pretty happy with Molina Healthcare's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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Molina Healthcare的表現相當滿意。特別是，看到公司大力投資其業務，並伴隨着高回報率，已導致其收益顯着增長，這使我們感到欣慰。然而，查看當前的分析師預測，我們發現該公司的收益預計將獲得勁頭。
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.
對本文有任何反饋？對內容有任何疑慮？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
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
