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Korn Ferry's (NYSE:KFY) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Korn Ferry's (NYSE:KFY) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

光輝國際諮詢顧問(紐交所:KFY)的基本面看起來相當強勁:市場對該股可能有誤判?
Simply Wall St ·  10/21 08:17

It is hard to get excited after looking at Korn Ferry's (NYSE:KFY) recent performance, when its stock has declined 5.6% 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. In this article, we decided to focus on Korn Ferry's ROE.

觀察過光輝國際諮詢顧問(紐交所: KFY)最近的表現後很難感到興奮,因爲其股價在過去一個月內下跌了5.6%。然而,仔細觀察其健康的財務狀況可能會讓你重新考慮。鑑於基本面通常驅動着長期市場結果,這家公司值得關注。在本文中,我們決定聚焦於光輝國際諮詢顧問的roe。

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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.

roe或權益回報率是評估公司有效利用股東投資產生回報效率的有用工具。簡而言之,roe顯示每個股東投資所產生的利潤。

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 Korn Ferry is:

因此,根據上述公式,光輝國際諮詢顧問的roe爲:

11% = US$190m ÷ US$1.8b (Based on the trailing twelve months to July 2024).

11% = 19000萬美元 ÷ 18億美元(基於截至2024年7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 $0.11 in profit.

「回報」是指過去十二個月的稅後收益。這意味着公司每1美元的股東權益,產生了0.11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?

So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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,我們已經知道roe是衡量公司盈利能力的一種方法。現在我們需要評估公司重新投資或「保留」的利潤有多少,以此來了解公司的增長潛力。一般來說,其他因素相同的情況下,roe和利潤保留都較高的公司比不具備這些屬性的公司具有更高的增長率。

Korn Ferry's Earnings Growth And 11% ROE

光輝國際諮詢顧問的收益增長和11%的roe

At first glance, Korn Ferry seems to have a decent ROE. Even so, when compared with the average industry ROE of 16%, we aren't very excited. Although, we can see that Korn Ferry saw a modest net income growth of 9.6% 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. However, not to forget, the company does have a decent ROE to begin with, just that it is lower than the industry average. So this also provides some context to the earnings growth seen by the company.

乍一看,光輝國際諮詢顧問的roe似乎還不錯。即便如此,與行業平均roe爲16%相比,我們並不是很激動。儘管如此,我們可以看到光輝國際諮詢顧問過去五年中淨利潤增長了9.6%。我們認爲這裏可能存在其他因素。比如-高額盈利保留或者是有效的管理制度。然而,不容忽視的是,公司的roe起點還是不錯的,只是低於行業平均水平。所以這也爲公司所見的收益增長提供了一些背景。

As a next step, we compared Korn Ferry's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 9.9% in the same period.

作爲下一步,我們將光輝國際諮詢顧問的淨利潤增長與行業進行了比較,發現與同期行業平均增長率9.9%相比,公司的增長數據相似。

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NYSE:KFY Past Earnings Growth October 21st 2024
紐交所:KFY 2024年10月21日的過去收益增長

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 KFY fairly valued? This infographic on the company's intrinsic value has everything you need to know.

附加價值給公司的基礎,很大程度上與其盈利增長相關。投資者需要確認的是,預期的盈利增長,或者缺乏盈利增長,是否已經融入股價。通過這樣做,他們將了解股票是前往清澈藍水還是等待泥濘水域。KFY是否公允價值定價?關於公司內在價值的信息圖表包含了您需要了解的一切。

Is Korn Ferry Using Its Retained Earnings Effectively?

光輝國際諮詢顧問是否有效利用留存收益?

Korn Ferry has a low three-year median payout ratio of 12%, meaning that the company retains the remaining 88% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.

光輝國際諮詢顧問的三年中位分紅比率低至12%,意味着公司保留其利潤的其餘88%。這表明管理層正在將大部分利潤重新投資以促進業務增長。

Additionally, Korn Ferry 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. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 29% over the next three years. Regardless, the future ROE for Korn Ferry is speculated to rise to 14% despite the anticipated increase in the payout ratio. There could probably be other factors that could be driving the future growth in the ROE.

此外,光輝國際諮詢顧問在至少十年的時間裏支付了股息,這意味着公司非常重視與股東分享利潤。在研究最新的分析師一致數據時,我們發現公司未來的分紅比率預計將在未來三年內上升至29%。儘管分紅比率有望增加,光輝國際諮詢顧問未來的ROE預計將提高至14%。可能會有其他因素推動ROE未來增長。

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 Korn Ferry's performance. Specifically, we like that it has been reinvesting a high portion of its profits at a moderate rate of return, resulting in earnings expansion. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

總體而言,我們對光輝國際諮詢顧問的表現非常滿意。具體來說,我們喜歡它一直以適度的回報率將利潤的一大部分再投資,導致盈利擴張。鑑於此,最新的分析師預測顯示該公司將繼續看到盈利擴張。要了解更多關於該公司的最新分析師預測,請查看該公司分析師預測的可視化。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。

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