Are GXO Logistics, Inc.'s (NYSE:GXO) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are GXO Logistics, Inc.'s (NYSE:GXO) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
With its stock down 10% over the past month, it is easy to disregard GXO Logistics (NYSE:GXO). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on GXO Logistics' ROE.
股價在過去一個月下跌了10%,很容易忽視GXO物流(NYSE:GXO)。然而,公司的基本面看起來相當不錯,長期財務狀況通常與未來市場價格走勢一致。在本文中,我們決定專注於GXO物流的roe。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或roe是一項關鍵指標,用於評估公司管理層使用公司資本的效率。換句話說,它揭示了公司將股東的投資轉化爲利潤的成功。
How Is ROE Calculated?
淨資產收益率怎麼計算?
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 GXO Logistics is:
因此,根據上述公式,GXO物流的roe爲:
4.9% = US$144m ÷ US$2.9b (Based on the trailing twelve months to June 2024).
4.9% = 1,4400萬美元 ÷ 29億美元(截至2024年6月的過去十二個月)。
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 $0.05 in profit.
「回報」是過去十二個月稅後賺取的金額。這意味着對於每1美元的股東權益價值,公司產生了0.05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. 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,我們已經了解到roe衡量公司生成利潤的效率。根據公司再投資或「保留」的利潤比例及其有效性,我們能夠評估公司的收益增長潛力。在其他一切保持不變的情況下,roe和利潤保留率越高,公司的增長率就越高,相比於那些不一定擁有這些特性的公司。
A Side By Side comparison of GXO Logistics' Earnings Growth And 4.9% ROE
GXO物流盈利增長和4.9%的roe的並列比較
When you first look at it, GXO Logistics' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 14%. However, we we're pleasantly surprised to see that GXO Logistics grew its net income at a significant rate of 30% in the last five years. We reckon that there could be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
當你第一次看它的時候,GXO物流的roe看起來並不那麼吸引人。我們隨後將公司的roe與整個行業進行了比較,很失望地發現roe低於14%的行業平均水平。然而,我們驚喜地發現,GXO物流在過去五年裏淨利潤增長速度高達30%。我們認爲這裏可能有其他因素在起作用。例如,公司管理層可能做出了一些明智的戰略決策,或者公司的派息比率較低
As a next step, we compared GXO Logistics' 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 14%.
作爲下一步,我們將GXO物流的淨利潤增長與行業進行比較,令人高興的是,我們發現公司的增幅高於14%的行業平均增幅
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Earnings growth is an important metric to consider when valuing a stock. 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. Has the market priced in the future outlook for GXO? You can find out in our latest intrinsic value infographic research report.
盈利增長是估值股票時需要考慮的重要指標。投資者接下來需要判斷的是,預期盈利增長或缺乏盈利增長是否已經反映在股價中。這有助於他們判斷股票是面臨光明還是暗淡的未來。市場是否已經反映了GXO的未來前景?您可以在我們最新的內在價值信息圖研究報告中找到答案。
Is GXO Logistics Efficiently Re-investing Its Profits?
GXO物流是否有效地重新投資其利潤?
Given that GXO Logistics 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GXO物流不向股東支付定期股息,我們推斷該公司一直在將其所有利潤重新投資以擴大其業務。
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。
On the whole, we do feel that GXO Logistics has some positive attributes. 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. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. 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,我們認爲GXO物流具有一些積極屬性。儘管其回報率低,但公司將極高比例的利潤重新投資到業務中,無疑有助於其高盈利增長。我們還研究了最新的分析師預測,並發現公司的盈利增長預期與其當前增長率相似。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?點擊這裏查看我們分析師對該公司的預測頁面。
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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。