Shoe Carnival, Inc.'s (NASDAQ:SCVL) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Shoe Carnival, Inc.'s (NASDAQ:SCVL) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Shoe Carnival's (NASDAQ:SCVL) stock is up by a considerable 12% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Shoe Carnival's ROE today.
過去三個月,Shoe Carnival(納斯達克股票代碼:SCVL)的股價上漲了12%。考慮到該公司的驚人表現,我們決定更加密切地研究其財務指標,因爲長期以來,一家公司的財務狀況通常決定了市場的走向。特別是,我們今天將注意Shoe Carnival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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或ROE是一項用於評估公司管理層如何利用公司資本的效率的關鍵指標。簡而言之,它用於評估公司相對於其股本資本的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
The formula for return on equity is:
權益回報率的計算公式是:
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 Shoe Carnival is:
因此,根據上述公式,Shoe Carnival的roe爲:
12% = US$74m ÷ US$598m (Based on the trailing twelve months to May 2024).
12%= US $ 7400萬÷ US $ 59800萬(基於過去12個月至2024年5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 $0.12 in profit.
「回報」就是公司在過去一年中賺取的收入。這意味着對於每1美元的股東權益,公司產生了0.12美元的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係?
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,我們已經知道roe衡量公司生成利潤的效率。根據公司選擇再投資或「保留」的利潤的多少,我們能夠評估公司未來生成利潤的能力。一般而言,在其他條件相等的情況下,roe和盈利保留較高的公司,比沒有這些屬性的公司增長率更高。
Shoe Carnival's Earnings Growth And 12% ROE
Shoe Carnival的收益增長和12%的roe
To start with, Shoe Carnival's ROE looks acceptable. Even so, when compared with the average industry ROE of 18%, we aren't very excited. However, we are pleased to see the impressive 22% net income growth reported by Shoe Carnival over the past five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently. 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 certainly also provides some context to the high earnings growth seen by the company.
首先,Shoe Carnival的roe看起來可接受。即使如此,與18%的行業平均roe相比,我們並不是很激動。然而,我們很高興看到Shoe Carnival在過去五年中報告的令人印象深刻的22%淨利潤增長。我們相信可能還有其他積極影響公司收益增長的方面。例如,公司的股息支付率低或者管理有效率。然而,不要忘記,公司的roe還不錯,只是低於行業平均水平。因此,這也爲公司高收益增長提供了一些背景。接下來,我們將Shoe Carnival的淨利潤增長與行業進行比較,發現公司報告的增長率與過去幾年的行業平均增長率21%相似。
Next, on comparing Shoe Carnival's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 21% over the last few years.
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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. This then helps them determine if the stock is placed for a bright or bleak future. What is SCVL worth today? The intrinsic value infographic in our free research report helps visualize whether SCVL is currently mispriced by the market.
收益增長是估值股票時需要考慮的重要指標。投資者需要確定下一步的預期收益增長是否已經反映在股價中,從而幫助他們確定該股票的未來前景是光明還是暗淡。今天SCVL值多少錢?我們免費研究報告中的內在價值信息圖表可視化了SCVL是否被市場錯誤定價。
Is Shoe Carnival Using Its Retained Earnings Effectively?
Shoe Carnival是否有效地利用其留存收益?
Shoe Carnival's three-year median payout ratio to shareholders is 8.8%, which is quite low. This implies that the company is retaining 91% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
Shoe Carnival三年的股息支出比率中位數爲8.8%,相當低。這意味着該公司將其利潤的91%保留下來。這表明管理層正在重新投資大部分利潤,正如公司的增長所證明的那樣。
Moreover, Shoe Carnival 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.
此外,Shoe Carnival決心繼續與股東分享收益,我們可以從其至少十年支付股息的悠久歷史中推斷出這一點。
Conclusion
結論
On the whole, we feel that Shoe Carnival's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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.
總體而言,我們認爲Shoe Carnival的表現相當不錯。特別是,我們喜歡該公司以適度的回報率大量投資於業務中。不出所料,這導致了驚人的收益增長。儘管如此,最新分析師預測的研究表明,預計該公司未來的收益增長將放緩。這些分析師的預期是基於行業的廣泛預期,還是基於公司的基本面?單擊此處以進入我們的分析師預測頁面。
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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。