Is Valmont Industries, Inc.'s (NYSE:VMI) Latest Stock Performance A Reflection Of Its Financial Health?
Is Valmont Industries, Inc.'s (NYSE:VMI) Latest Stock Performance A Reflection Of Its Financial Health?
Valmont Industries (NYSE:VMI) has had a great run on the share market with its stock up by a significant 15% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Valmont Industries' ROE today.
瓦爾蒙特工業公司(紐約證券交易所代碼:VMI)在股票市場上表現良好,其股票在過去三個月中大幅上漲了15%。由於市場通常會爲公司的長期基本面買單,因此我們決定研究公司的關鍵績效指標,看看它們是否會影響市場。特別是,我們今天將關注瓦爾蒙特工業的投資回報率。
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.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。簡而言之,它衡量公司相對於股東權益的盈利能力。
How To Calculate Return On Equity?
如何計算股本回報率?
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Valmont Industries is:
因此,根據上述公式,Valmont Industries的投資回報率爲:
11% = US$173m ÷ US$1.5b (Based on the trailing twelve months to June 2024).
11% = 1.73億美元 ÷ 15億美元(基於截至2024年6月的過去十二個月)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.11 in profit.
「回報」 是企業在過去一年中獲得的收入。另一種思考方式是,每持有價值1美元的股權,該公司就能獲得0.11美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係?
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,投資回報率衡量的是公司創造利潤的效率。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 「保留」 了多少及其有效性。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
Valmont Industries' Earnings Growth And 11% ROE
Valmont Industries的收益增長和11%的投資回報率
To begin with, Valmont Industries seems to have a respectable ROE. Even when compared to the industry average of 13% the company's ROE looks quite decent. Consequently, this likely laid the ground for the decent growth of 9.0% seen over the past five years by Valmont Industries.
首先,Valmont Industries的投資回報率似乎相當不錯。即使與行業平均水平的13%相比,該公司的投資回報率也相當不錯。因此,這可能爲Valmont Industries在過去五年中實現9.0%的可觀增長奠定了基礎。
As a next step, we compared Valmont Industries' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 18% in the same period.
下一步,我們將Valmont Industries的淨收入增長與該行業進行了比較,並失望地看到該公司的增長低於同期18%的行業平均增長。
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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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is VMI fairly valued? This infographic on the company's intrinsic value has everything you need to know.
收益增長是對股票進行估值時要考慮的重要指標。對於投資者來說,重要的是要知道市場是否對公司的預期收益增長(或下降)進行了定價。通過這樣做,他們將知道股票是走向清澈的藍色海水,還是沼澤的水域在等着你。VMI 的價值是否合理?這張關於公司內在價值的信息圖包含了你需要知道的一切。
Is Valmont Industries Efficiently Re-investing Its Profits?
Valmont Industries 是否有效地將其利潤再投資?
Valmont Industries' three-year median payout ratio to shareholders is 21% (implying that it retains 79% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
Valmont Industries的三年股東派息率中位數爲21%(這意味着它保留了79%的收入),處於較低水平,因此管理層似乎正在大量再投資利潤以發展業務。
Additionally, Valmont Industries 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 12% over the next three years.
此外,Valmont Industries已在至少十年內派發了股息,這意味着該公司非常認真地與股東分享利潤。我們最新的分析師數據顯示,該公司的未來派息率預計將在未來三年降至12%。
Summary
摘要
On the whole, we feel that Valmont Industries' 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 a good amount of growth in its earnings. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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Valmont Industries的表現相當不錯。具體而言,我們喜歡該公司以高回報率再投資其利潤的很大一部分。當然,這使該公司的收益實現了可觀的增長。既然如此,分析師的最新預測顯示,該公司的收益將繼續擴大。這些分析師的預期是基於對該行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們分析師對公司的預測頁面。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。