Will Weakness in Five Below, Inc.'s (NASDAQ:FIVE) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Five Below, Inc.'s (NASDAQ:FIVE) Stock Prove Temporary Given Strong Fundamentals?
With its stock down 39% over the past three months, it is easy to disregard Five Below (NASDAQ:FIVE). 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 Five Below's ROE.
由于过去3个月股价下跌了39％，因此很容易忽略Five Below（纳斯达克代码：FIVE）。 但是，对其良好的财务状况进行仔细审查可能会让您重新考虑。考虑到基本面通常驱动长期的市场结果，因此值得关注这家公司。在本文中，我们决定重点研究Five Below的ROE。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股东权益回报率（ROE）是测试公司如何有效地增加其价值并管理投资者资金的指标。简而言之，它用于评估公司相对于股本资本的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算？
The formula for return on equity is:
权益回报率的计算公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润（从持续经营中获得）÷ 股东权益
So, based on the above formula, the ROE for Five Below is:
因此，基于上述公式，Five Below的ROE为：
19% = US$295m ÷ US$1.6b (Based on the trailing twelve months to May 2024).
19％= 2,950万美元/ 16亿美元（基于截至2024年5月的过去十二个月）。
The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.19 in profit.
“回报”是每年的利润。另一种考虑方法是，对于每1美元的股权，该公司能够赚取0.19美元的利润。
Why Is ROE Important For Earnings Growth?
ROE对于盈利增长的重要性是什么？
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. 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.
到目前为止，我们已经了解到roe是公司利润能力的一个衡量标准，现在我们需要评估公司再投资或“保留”的利润，以此来了解公司的增长潜力。假设其他所有因素保持不变，roe和利润保留率越高，公司的增长速度就越高，相对于不一定具备这些特征的公司而言。
Five Below's Earnings Growth And 19% ROE
Five Below的盈利增长和19％的ROE。
To begin with, Five Below seems to have a respectable ROE. Even when compared to the industry average of 19% the company's ROE looks quite decent. This probably goes some way in explaining Five Below's moderate 17% growth over the past five years amongst other factors.
首先，Five Below的ROE似乎比较可观。即使与行业平均水平的19％相比，该公司的ROE看起来也相当不错。这可能在一定程度上解释了Five Below在过去五年中适度的17％增长等其他因素。
As a next step, we compared Five Below's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 23% in the same period.
作为下一步，我们将Five Below的净收入增长与行业进行了比较，并且很失望地看到该公司的增长低于同期23％的行业平均增长率。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is FIVE fairly valued? This infographic on the company's intrinsic value has everything you need to know.
盈利增长是估值股票时需要考虑的重要指标。投资者应该尝试确定预期的盈利增长或下降（无论哪种情况），是否已经定价。然后，这有助于他们判断股票未来是光明还是暗淡。Five Below是否定价合理？有关公司内在价值的信息图表，您所需了解的一切都在此处。
Is Five Below Using Its Retained Earnings Effectively?
Five Below是否有效地利用其留存收益？
Five Below doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above.
Five Below目前不支付任何普通股息，这意味着它一直在将利润全部投入业务中。这绝对有助于上述不错的盈利增长数字。
Summary
总的来说，我们对伟明环保的表现非常满意。具体而言，我们喜欢公司以高回报率再投资了其利润的很大一部分。当然，这导致公司的收益大幅增长。但是，最新的行业分析师预测表明，该公司的收益预计将加速增长。
Overall, we are quite pleased with Five Below's performance. 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 respectable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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.
总的来说，我们对Five Below的表现相当满意。特别是，看到公司大量投资于其业务并且具有较高的回报率，这导致了其盈利的相当增长，这是非常不错的。话虽如此，据当前分析师预测，该公司的盈利增长有望放缓。这些分析师的预期是基于行业的总体预期还是公司的基本面？单击此处转到我们的分析师预测页面。
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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