Should Weakness in First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
First Watch Restaurant Group (NASDAQ:FWRG) has had a rough three months with its share price down 20%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on First Watch Restaurant Group's ROE.
First Watch餐廳集團(NASDAQ:FWRG)的股價在過去的三個月內下跌了20%。但如果你仔細觀察，你可能會發現其主要的財務指標看起來相當不錯，這可能意味着在長期內市場通常會更加獎勵有更強韌性的基本面的股票上漲。在本文中，我們決定關注First Watch餐廳集團的roes。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股東權益回報率（ROE）是檢驗公司增加其價值和管理投資者資金有效性的測試。簡而言之，ROE顯示每個美元的利潤與其股東的投資有關。
How Do You Calculate Return On Equity?
怎樣計算ROE?
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 First Watch Restaurant Group is:
因此，根據以上公式，First Watch餐廳集團的roe爲:
4.1% = US$24m ÷ US$586m (Based on the trailing twelve months to June 2024).
4.1%=2,400萬美元÷5,8600萬美元(基於截至2024年6月的過去 12 個月)。
The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.04.
「回報」是指公司過去一年的收益。因此，這意味着對於每個股東的投資1美元，公司會產生0.04美元的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係？
So far, we've learned that ROE is a measure of a company's profitability. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前爲止，我們已經了解了roe是衡量公司盈利能力的一種指標。根據公司選擇重新投資或「保留」多少利潤，我們就能評估公司未來盈利的能力。一般來說，其他條件相同的情況下，具有高roe和盈利保留的公司比不具備這些屬性的公司增長率更高。
First Watch Restaurant Group's Earnings Growth And 4.1% ROE
First Watch餐廳集團的收益增長和4.1%的roe。
It is hard to argue that First Watch Restaurant Group's ROE is much good in and of itself. Even compared to the average industry ROE of 17%, the company's ROE is quite dismal. Despite this, surprisingly, First Watch Restaurant Group saw an exceptional 96% net income growth over the past five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.
很難說First Watch餐廳集團的roe本身很好。即使與行業平均roe 17%相比，該公司的roe也相當糟糕。儘管如此，令人驚訝的是，First Watch餐廳集團在過去五年中實現了異常的96%淨利潤增長。我們認爲這裏可能存在其他因素。例如，高盈利保留率或有效的管理。
As a next step, we compared First Watch Restaurant Group'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 29%.
作爲下一步，我們將First Watch餐廳集團的淨收入增長與行業進行比較，令人高興的是，我們發現該公司的增長高於行業平均增長29%。
Earnings growth is a huge factor in stock valuation. 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 First Watch Restaurant Group fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增長是股票估值的一個重要因素。投資者應努力確定預期的盈利增長或下降是否已定價。這樣做將有助於他們確定股票的未來前景是有前途還是不妙。與其他公司相比，First Watch餐廳集團的估值是否合理？這三個估值指標可能會幫助您決定。
Is First Watch Restaurant Group Using Its Retained Earnings Effectively?
First Watch餐廳集團是否有效地利用了保留盈利？
Given that First Watch Restaurant Group 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.
考慮到First Watch餐廳集團沒有向股東支付任何定期股利，我們推斷該公司一直在將其所有利潤用於業務增長。
Conclusion
結論
In total, it does look like First Watch Restaurant Group has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high 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，First Watch餐廳集團的業務有一些積極因素。儘管其回報率較低，但該公司將其大部分利潤重新投入業務，無疑促進了其高收益增長。話雖如此，最新的行業分析師預測顯示該公司的盈利增長預計將放緩。要了解更多關於該公司未來盈利增長預測的信息，請參閱此分析師預測的免費報告。
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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。