Eagle Materials Inc.'s (NYSE:EXP) Stock Is Going Strong: Is the Market Following Fundamentals?
Eagle Materials Inc.'s (NYSE:EXP) Stock Is Going Strong: Is the Market Following Fundamentals?
Most readers would already be aware that Eagle Materials' (NYSE:EXP) stock increased significantly by 27% 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. Particularly, we will be paying attention to Eagle Materials' ROE today.
大多數讀者可能已經意識到,Eagle Materials(紐交所:EXP)的股票在過去一個月內大幅上漲了27%。考慮到市場對長期的強勁財務狀況的獎勵,我們想知道這是否適用於這種情況。特別是,我們今天將關注Eagle Materials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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
roe指股東權益回報率,是一種有用的工具,用於評估公司如何有效地從股東獲得的投資中產生回報。簡單來說,這衡量了一家公司相對於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 Eagle Materials is:
因此,根據上述公式,Eagle Materials的ROE爲:
36% = US$491m ÷ US$1.4b (Based on the trailing twelve months to June 2024).
36%=US $ 49100萬 ÷ US $ 14億(截至2024年6月的最近十二個月)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.36 in profit.
“回報”是指過去十二個月的稅後收入。這意味着,對於每1美元的股東權益,公司的利潤爲0.36美元。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定ROE作爲一個高效的盈利規模可以評估公司未來的收益。根據公司選擇再投資或保留多少利潤,我們可以評估公司未來盈利的能力。假設其他所有條件均保持不變,ROE和利潤留存率越高,相對於沒有這些特點的公司,公司的增長率就越高。
A Side By Side comparison of Eagle Materials' Earnings Growth And 36% ROE
Eagle Materials盈利增長率和36%ROE的並排比較
Firstly, we acknowledge that Eagle Materials has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 15% also doesn't go unnoticed by us. As a result, Eagle Materials' exceptional 25% net income growth seen over the past five years, doesn't come as a surprise.
首先,我們認識到Eagle Materials的ROE非常高。其次,我們也注意到,與行業報告的平均ROE相比,這個數字也不容忽視。因此,過去五年Eagle Materials出色的25%淨收入增長並不令人驚訝。
Next, on comparing Eagle Materials' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 21% over the last few years.
接下來,將Eagle Materials的淨收入增長與行業進行比較,我們發現該公司報告的增長與過去幾年的行業平均增長率21%相似。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-d9118e640eab33c26c5428b90d3d9c04-0-7ed8e471496178084e57bf3364219ac2.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Eagle Materials''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
爲一家公司賦予價值的基礎在很大程度上與其盈利增長有關。投資者需要確定的下一步是,預期的盈利增長或缺乏盈利增長是否已反映在股票價格中。然後,這有助於確定股票是處於光明還是黯淡的未來。如果您想了解Eagle Materials的估值,請查看這個比較其市盈率與所屬行業的測量。
Is Eagle Materials Making Efficient Use Of Its Profits?
Eagle Materials是否有效利用了其利潤?
Eagle Materials has a really low three-year median payout ratio of 7.6%, meaning that it has the remaining 92% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
Eagle Materials的三年中位數股息支付比率非常低,爲7.6%,這意味着剩下的92%可以再投資到其業務中。這表明管理層正在重新投資大部分利潤以促進公司增長。
Additionally, Eagle Materials has paid dividends over a period of at least ten 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 5.6% over the next three years. Regardless, the ROE is not expected to change much for the company despite the lower expected payout ratio.
此外,Eagle Materials在至少十年的時間內支付了股息,這意味着公司非常重視與股東分享利潤。我們的最新分析師數據顯示,即使預期的股息支付率下降,該公司的roe也不會發生太大變化。
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 Eagle Materials' 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. 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. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總體而言,我們對Eagle Materials的表現相當滿意。特別是看到公司大力投資其業務,並獲得高回報率,這使其收益增長值得注意。即便如此,最新分析師預測的研究表明,該公司未來的收益增長預期將會放緩。這些分析師的預期是基於行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們的分析師預測頁面。
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。