Will Weakness in Camtek Ltd.'s (NASDAQ:CAMT) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Camtek Ltd.'s (NASDAQ:CAMT) Stock Prove Temporary Given Strong Fundamentals?
It is hard to get excited after looking at Camtek's (NASDAQ:CAMT) recent performance, when its stock has declined 28% over the past month. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Camtek's ROE in this article.
康特科技 (納斯達克:CAMT) 最近的表現低迷,股價在過去一個月內下跌了28%。然而,對其良好的財務狀況進行更詳細的分析,可能會讓你重新考慮。鑑於基本面通常驅動着長期市場走勢,這家公司值得關注。本文中,我們具體研究了康特科技的roe。
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?
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 Camtek is:
因此,根據以上公式,康特科技的roe爲:
20% = US$96m ÷ US$475m (Based on the trailing twelve months to June 2024).
20% = 9600萬美元 ÷ 4,7500萬美元(基於截至2024年6月的過去12個月)。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.20 in profit.
「回報」是過去12個月的利潤。這意味着,對於每1美元的股東權益,該公司生成了0.20美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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,我們已經了解到ROE衡量了公司有效地利用其利潤的能力。根據公司再投資或「保留」的利潤量以及公司再投資利潤的效果,我們就能評估公司的盈利增長潛力。一般來說,其他條件相同,ROE高和盈利保留公司的成長率比沒有這些屬性的公司更高。
Camtek's Earnings Growth And 20% ROE
康特科技的利潤增長和20%的roe
To begin with, Camtek seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 14%. This certainly adds some context to Camtek's exceptional 32% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
首先,康特科技似乎具有可觀的roe。此外,公司的roe相當優於行業平均水平14%。這無疑爲過去五年中康特科技32%的淨利潤增長添加了一些背景。我們認爲,還可能存在其他正影響公司收益增長的因素,例如高利潤保留或高效的管理。
Next, on comparing Camtek's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 29% over the last few years.
接下來,通過將康特科技的淨利潤增長與行業進行比較,我們發現公司報告的增長與行業平均增長率29%相似。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240811/0-3d3ea6e20b1111b54f0ba4a0e4391680-0-5f1e71aba4705d2e00f8adbab56d1a6e.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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Camtek fairly valued compared to other companies? These 3 valuation measures might help you decide.
附加價值的基礎很大程度上取決於公司的盈利增長。接下來,投資者需要確定的是預期的收益增長已經(或未)反映在股價中。通過這樣做,他們將了解股票是否處於明朗的發展前景或前景悲觀的局面。與其他公司相比,康特科技是否定價合理?這3個估值指標可能會幫助您做出決定。
Is Camtek Using Its Retained Earnings Effectively?
康特科技是否有效利用其保留收益?
Conclusion
結論
On the whole, we feel that Camtek's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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.
總的來說,我們認爲康特科技的表現相當不錯。具體而言,我們喜歡公司以高回報率重新投資其巨大利潤所帶來的收益增長。當然,這導致公司的收益大幅增長。儘管如此,根據目前的分析師預測,公司的收益增長預計會放緩。這些分析師的預測是基於行業的整體預期還是公司的基本面?請點擊此處,查看我們的分析師預測頁。
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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。