Unum Group's (NYSE:UNM) Stock Has Fared Decently: Is the Market Following Strong Financials?
Unum Group's (NYSE:UNM) Stock Has Fared Decently: Is the Market Following Strong Financials?
Unum Group's (NYSE:UNM) stock up by 3.3% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Unum Group's ROE in this article.
过去一个月尤纳姆集团(纽交所:UNM)的股价上涨了3.3%。鉴于市场长期以来对强劲财务状况的奖励,我们想知道这是否也适用于该公司。本文中,我们特别研究了尤纳姆集团的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE,即净资产收益率,测试一家公司有效增加价值和管理股东资金的能力。换句话说,它揭示了公司将股东投资转化为利润的成功程度。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算:
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 Unum Group is:
因此,根据上述公式,尤纳姆集团的roe为:
13% = US$1.3b ÷ US$10b (Based on the trailing twelve months to June 2024).
13% = 美元13亿 ÷ 美元100亿(截至2024年6月的过去十二个月)。
The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.13 in profit.
“回报”是企业在过去一年中赚取的收入。这意味着对于每1美元的股东权益,公司产生了0.13美元的利润。
Why Is ROE Important For Earnings Growth?
ROE为什么对净利润增长很重要?
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. 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,我们已经知道ROE测量公司如何高效地生成利润。基于公司选择重新投资或“保留”其利润的比例,我们能够评估公司未来生成利润的能力。假设其他所有因素保持不变,则ROE和利润保留率越高,公司的增长率也越高,与不一定具备这些特征的公司相比。
Unum Group's Earnings Growth And 13% ROE
尤纳姆集团收益增长和13%的roe
At first glance, Unum Group seems to have a decent ROE. Even when compared to the industry average of 13% the company's ROE looks quite decent. This certainly adds some context to Unum Group's moderate 12% net income growth seen over the past five years.
乍一看,尤纳姆集团看起来有一个不错的roe。即使与行业板块平均值13%相比,该公司的roe看起来也相当不错。这在一定程度上解释了尤纳姆集团过去五年中适度的12%的净利润增长。
We then performed a comparison between Unum Group's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 10% in the same 5-year period.
然后我们对尤纳姆集团的净收入增长进行了与行业板块的比较,发现该公司的增长与同一5年期内行业增长的10%相似。
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Earnings growth is an important metric to consider when valuing a stock. 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. If you're wondering about Unum Group's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是考虑股票估值的一个重要指标。投资者需要判断的下一个步骤是预期的收益增长或缺失是否已经反映在股价中。通过这样做,投资者将知道股票是进入清澈的蓝色水域还是会遇到沼泽地的问题。如果您想了解尤纳姆集团的估值,请查看其市盈率与行业的比较。
Is Unum Group Using Its Retained Earnings Effectively?
尤纳姆集团是否有效利用其保留收益?
Unum Group's three-year median payout ratio to shareholders is 22% (implying that it retains 78% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
尤纳姆集团向股东支付的三年中位数支付比率为22%(意味着其保留了78%的收入),这较低,因此管理层似乎正在大量重新投资收益以促进业务增长。
Moreover, Unum Group is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 21% of its profits over the next three years. As a result, Unum Group's ROE is not expected to change by much either, which we inferred from the analyst estimate of 11% for future ROE.
此外,我们根据最新的分析师一致数据进行了研究,发现该公司在未来三年内预计继续支付约21%的利润。因此,尤纳姆集团的roe也不会有太大变化,我们从未来roe的分析师估计值11%中推断出来。
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 Unum Group's performance. 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 substantial growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
总体而言,我们对尤纳姆集团的表现非常满意。具体而言,我们喜欢公司以高回报率重新投资大部分利润的做法。当然,这导致了公司的收益大幅增长。尽管如此,最新的行业分析师预测显示公司的收益增长预计将放缓。这些分析师的预期是基于行业的广泛预期还是基于公司的基本面?单击此处以进入我们的分析师预测页面。
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