share_log

Is Weakness In Atkore Inc. (NYSE:ATKR) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

Is Weakness In Atkore Inc. (NYSE:ATKR) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

Atkore Inc.(紐交所:ATKR)股票的疲軟是否意味着市場可能對其強勁的財務前景產生了誤判?
Simply Wall St ·  12/18 21:22

With its stock down 4.2% over the past week, it is easy to disregard Atkore (NYSE:ATKR). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Atkore's ROE today.

Atkore(紐約證券交易所代碼:ATKR)的股價在過去一週下跌了4.2%,很容易被忽視。但是,如果你密切關注,你可能會發現,鑑於市場通常會獎勵財務狀況良好的公司,其強勁的財務狀況可能意味着該股的長期價值可能會增加。特別是,我們今天將關注Atkore的投資回報率。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵衡量標準。換句話說,它是一種盈利比率,用於衡量公司股東提供的資本的回報率。

How Is ROE Calculated?

投資回報率是如何計算的?

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)÷ 股東權益

So, based on the above formula, the ROE for Atkore is:

因此,根據上述公式,Atkore的投資回報率爲:

31% = US$473m ÷ US$1.5b (Based on the trailing twelve months to September 2024).

31% = 4.73億美元 ÷ 15億美元(基於截至2024年9月的過去十二個月)。

The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.31 in profit.

「回報」 是指公司去年的收益。這意味着,每獲得價值1美元的股東權益,該公司就會產生0.31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. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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衡量的是公司創造利潤的效率。根據公司選擇再投資或 「保留」 的利潤金額,我們隨後能夠評估公司未來的盈利能力。一般而言,在其他條件相同的情況下,股本回報率和利潤保留率高的公司比不具備這些屬性的公司的增長率更高。

Atkore's Earnings Growth And 31% ROE

Atkore的收益增長和31%的投資回報率

To begin with, Atkore has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 11% the company's ROE is quite impressive. So, the substantial 24% net income growth seen by Atkore over the past five years isn't overly surprising.

首先,Atkore的投資回報率相當高,這很有趣。其次,即使與行業平均水平的11%相比,該公司的投資回報率也相當可觀。因此,Atkore在過去五年中實現了24%的淨收入大幅增長並不令人驚訝。

Next, on comparing with the industry net income growth, we found that Atkore's growth is quite high when compared to the industry average growth of 16% in the same period, which is great to see.

接下來,與行業淨收入增長相比,我們發現與同期16%的行業平均增長率相比,Atkore的增長相當高,這真是太好了。

big
NYSE:ATKR Past Earnings Growth December 18th 2024
紐約證券交易所:ATKR 過去的收益增長 2024 年 12 月 18 日

Earnings growth is a huge factor in stock valuation. 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. Is ATKR fairly valued? This infographic on the company's intrinsic value has everything you need to know.

收益增長是股票估值的重要因素。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。然後,這可以幫助他們確定股票是爲光明還是暗淡的未來而佈局。ATKR 的估值是否合理?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 Atkore Making Efficient Use Of Its Profits?

Atkore 是否在有效利用其利潤?

Atkore has a really low three-year median payout ratio of 4.4%, meaning that it has the remaining 96% left over to reinvest into its business. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.

Atkore的三年派息率中位數非常低,爲4.4%,這意味着其餘的96%可以再投資於其業務。因此,管理層似乎正在將利潤大量再投資以發展業務,這反映在其收益增長數字上。

Along with seeing a growth in earnings, Atkore only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders.

除了收益增長外,Atkore直到最近才開始派發股息。該公司很可能想給股東留下深刻的印象。

Summary

摘要

On the whole, we feel that Atkore's performance has been quite good. 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 sizeable growth in its earnings. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. 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,我們覺得Atkore的表現相當不錯。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這爲其收益帶來了可觀的增長。話雖如此,在研究最新的分析師預測時,我們發現,儘管該公司過去的收益有所增長,但分析師預計其未來收益將萎縮。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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對這篇文章有反饋嗎?擔心內容嗎?直接聯繫我們。或者,發送電子郵件給編輯組(網址爲)simplywallst.com。
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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論