Is Adobe Inc.'s (NASDAQ:ADBE) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Adobe Inc.'s (NASDAQ:ADBE) Recent Stock Performance Tethered To Its Strong Fundamentals?
Most readers would already be aware that Adobe's (NASDAQ:ADBE) stock increased significantly by 16% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Adobe's ROE today.
多數讀者可能已經注意到,過去三個月內,Adobe(納斯達克:ADBE)的股票價格大幅上漲了16%。鑑於該公司的出色表現,我們決定更仔細地研究其財務指標,因爲一家公司的長期財務狀況通常決定市場結果。特別是,我們今天將注意Adobe的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
對於股東來說,股東回報率(ROE)是一個重要的考慮因素,因爲它告訴股東他們的資本被有效地再投資了多少。換句話說,它是一個衡量公司股東提供的資本回報率的盈利能力比率。
How Do You Calculate Return On Equity?
怎樣計算ROE?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
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 Adobe is:
因此,根據上述公式,Adobe的ROE爲:
34% = US$5.1b ÷ US$15b (Based on the trailing twelve months to May 2024).
34%= 51億美元÷ 150億美元(基於截至2024年5月的過去十二個月)。
The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.34 in profit.
「回報」是企業在過去一年中所獲得的收入。這意味着對於每1美元的股東權益,該公司產生了0.34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?
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。
Adobe's Earnings Growth And 34% ROE
Adobe的淨利潤增長和34%的roe
Firstly, we acknowledge that Adobe has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 14% also doesn't go unnoticed by us. This probably laid the groundwork for Adobe's moderate 9.2% net income growth seen over the past five years.
首先,我們承認Adobe的roe顯著高於平均roe,該行業平均roe爲14%,這也沒有逃過我們的注意。這可能爲Adobe在過去五年中適度的淨利潤增長奠定了基礎。
As a next step, we compared Adobe's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 19% in the same period.
作爲下一步,我們將Adobe的淨利潤增長與行業進行了比較,但遺憾的是發現公司的增長低於同期行業平均增長19%。
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Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. What is ADBE worth today? The intrinsic value infographic in our free research report helps visualize whether ADBE is currently mispriced by the market.
盈利增長是估值股票時要考慮的重要指標。投資者需要了解市場是否已經將公司預期的盈利增長(或下滑)計價進去。這有助於他們判斷股票的未來是光明還是黯淡。今天ADBE值多少錢?我們的免費研究報告中的內在價值信息圖表有助於直觀地判斷ADBE是否被市場錯誤定價。
Is Adobe Making Efficient Use Of Its Profits?
Adobe是否有效利用其利潤?
Given that Adobe 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Adobe沒有向股東支付定期股息,我們可以推斷該公司一直將其利潤全部重新投資以實現業務增長。
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 Adobe'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 respectable growth in its earnings. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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Adobe的表現非常滿意。特別值得一提的是,我們很高興看到該公司大量投資於業務,並伴隨着高回報率,從而實現了盈利的可觀增長。鑑於最新的分析師預測顯示該公司將繼續擴張盈利,想要了解更多關於該公司未來盈利增長預測的信息,請點擊這篇關於該公司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。