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Is Globant S.A.'s (NYSE:GLOB) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Is Globant S.A.'s (NYSE:GLOB) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Globant S.A.(紐交所:GLOB)近期的股票表現是否受到其基本面的影響?
Simply Wall St ·  2024/12/27 20:02

Globant's (NYSE:GLOB) stock is up by a considerable 11% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Globant's ROE in this article.

Globant的(紐交所:GLOB)股票在過去三個月上漲了相當可觀的11%。我們想知道公司財務在這一價格變化中扮演了什麼角色,因爲公司的長期基本面通常決定市場結果。具體而言,我們決定在這篇文章中研究Globant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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

淨資產回報率或ROE是用於評估公司管理層如何有效利用公司資本的關鍵指標。簡而言之,ROE顯示了每一美元在股東投資方面創造的利潤。

How Is ROE Calculated?

淨資產收益率怎麼計算?

The formula for return on equity is:

股東權益回報率的公式是:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股東權益回報率 = 凈利潤(來自持續運營)÷ 股東權益

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

因此,根據上述公式,Globant的ROE爲:

8.7% = US$171m ÷ US$2.0b (Based on the trailing twelve months to September 2024).

8.7% = US$17100萬 ÷ US$20億 (基於截至2024年9月的過去十二個月數據)。

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 $0.09 in profit.

「回報」是指企業在過去一年中所賺取的收入。另一種理解方式是,對於每1美元的股本,公司能夠賺取0.09美元的利潤。

Why Is ROE Important For Earnings Growth?

ROE爲什麼對凈利潤增長很重要?

So far, we've learned that ROE is a measure of a company's profitability. 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. 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是公司盈利能力的一種衡量標準。根據公司選擇重新投資或「留存」的利潤比例,我們能夠評估公司未來產生利潤的能力。其他條件不變的情況下,ROE和盈利留存越高,相較於不具備這些特徵的公司,企業的增長率越高。

Globant's Earnings Growth And 8.7% ROE

Globant的盈利增長和8.7%的ROE

On the face of it, Globant's ROE is not much to talk about. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 14% either. In spite of this, Globant was able to grow its net income considerably, at a rate of 27% in the last five years. Therefore, there could be other reasons behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.

乍一看,Globant的ROE並不太引人注目。進一步研究顯示,該公司的ROE也與行業平均14%相比不太理想。儘管如此,Globant在過去五年中其凈利潤仍能夠顯著增長,增長率達到27%。因此,這一增長可能還有其他原因。例如,公司有較低的分紅派息比率或管理效率較高。

As a next step, we compared Globant's 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 5.9%.

作爲下一步,我們比較了Globant的凈利潤增長與行業的情況,令人愉快的是,我們發現該公司的增長高於平均行業增長5.9%。

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NYSE:GLOB Past Earnings Growth December 27th 2024
紐交所:GLOb 過去的盈利增長 2024年12月27日

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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Globant's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

爲公司確定價值的基礎在很大程度上與其收益增長有關。投資者接下來需要判斷的是,預期的收益增長或其缺失是否已經體現在股票價格中。這將幫助他們判斷股票的未來前景是光明還是黯淡。如果你在關注Globant的估值,可以查看其市盈率與行業板塊的對比。

Is Globant Using Its Retained Earnings Effectively?

Globant是否有效利用其留存收益?

Globant doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.

Globant並未向股東支付任何定期分紅,這意味着該公司一直將所有利潤重新投資於業務。這可能是推動上述高收益增長數字的原因。

Summary

總結

On the whole, we do feel that Globant 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. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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,我們確實覺得Globant有一些積極的特徵。儘管其回報率較低,但公司將非常高比例的利潤重新投資於業務,無疑促進了其高收益增長。儘管如此,公司的收益增長預計將減緩,正如當前分析師的預測所預示的。要了解更多關於公司未來收益增長預測的信息,請查看有關該公司分析師預測的免費報告,以獲取更多信息。

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.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。

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