Gibraltar Industries, Inc.'s (NASDAQ:ROCK) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Gibraltar Industries, Inc.'s (NASDAQ:ROCK) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Gibraltar Industries (NASDAQ:ROCK) has had a rough month with its share price down 14%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on Gibraltar Industries' ROE.
Gibraltar Industries (納斯達克: gibraltar industries) 的股價在一個月內下跌了14%。但是,如果您密切關注,您可能會發現其關鍵財務指標相當不錯,這可能意味着股票長期潛力上漲,因爲市場通常獎勵更具彈性的長期基本面。在本文中,我們決定重點關注Gibraltar Industries的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或權益回報率是評估公司有效利用股東投資產生回報效率的有用工具。簡而言之,roe顯示每個股東投資所產生的利潤。
How Is ROE Calculated?
淨資產收益率怎麼計算?
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 Gibraltar Industries is:
因此,根據上述公式,Gibraltar Industries的roe爲:
12% = US$116m ÷ US$976m (Based on the trailing twelve months to June 2024).
12% = US $ 11600萬÷ US $ 97600萬(基於截至2024年6月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.12 in profit.
「回報」是指過去十二個月的稅後收益。另一種思考方式是,對於每1美元的淨資產,該公司能夠賺取0.12美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
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. 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是衡量公司盈利能力的一種方法。現在我們需要評估公司重新投資或「保留」的利潤有多少,以此來了解公司的增長潛力。一般來說,其他因素相同的情況下,roe和利潤保留都較高的公司比不具備這些屬性的公司具有更高的增長率。
Gibraltar Industries' Earnings Growth And 12% ROE
Gibraltar Industries的盈利增長和12%的roe
To start with, Gibraltar Industries' ROE looks acceptable. Even so, when compared with the average industry ROE of 19%, we aren't very excited. Although, we can see that Gibraltar Industries saw a modest net income growth of 12% over the past five years. So, there might be other aspects that are positively influencing earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. 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 also provides some context to the earnings growth seen by the company.
首先,Gibraltar Industries的roe看起來是可以接受的。即使如此,與19%的行業平均roe相比,我們也並不是非常激動。儘管如此,我們可以看到,過去五年中Gibraltar Industries的淨收益增長了12%。因此,可能存在其他積極影響收益增長的方面。例如,公司管理層可能做出了一些良好的戰略決策,或者公司的派息比率較低。但是,不要忘記,公司原本就有不錯的roe,只是比行業平均水平低。因此,這也爲公司所見的盈利增長提供了某些背景。
We then compared Gibraltar Industries' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 18% in the same 5-year period, which is a bit concerning.
然後,我們將Gibraltar Industries的淨收益增長與該行業進行了比較,並發現該公司的增長數字低於相同5年期間18%的行業平均增長率,這有點令人擔憂。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240819/0-2d587289b9ded50a8e810af7bbf6a8b9-0-bcfff684dcb01eb718da12be5879326b.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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 ROCK fairly valued? This infographic on the company's intrinsic value has everything you need to know.
爲了評估公司的價值,很大程度上要與其盈利增長聯繫在一起。投資者重要的一點是知道市場是否已定價公司的預期盈利增長(或下降)。這有助於他們確定股票是否處於光明或黯淡的未來。ROCK是否被合理定價?此信息圖表有關公司內在價值的所有內容。
Is Gibraltar Industries Efficiently Re-investing Its Profits?
Gibraltar Industries是否有效地再投資其利潤?
Gibraltar Industries 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.
Gibraltar Industries目前沒有支付任何定期股息,這基本意味着它一直在將其所有利潤重投到業務中。這絕對有助於上述不錯的盈利增長數字。
Summary
總的來說,我們對偉明環保的表現非常滿意。具體而言,我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然,這導致公司的收益大幅增長。但是,最新的行業分析師預測表明,該公司的收益預計將加速增長。
On the whole, we do feel that Gibraltar Industries has some positive attributes. In particular, it's great to see that the company is investing heavily into its business and along with a moderate rate of return, that has resulted in a respectable growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們確實認爲Gibraltar Industries具有一些積極特徵。特別是,看到公司正在大量投資業務,並伴隨着適度的回報,這已經導致了盈利方面的可觀增長。有分析師預測該公司的盈利將加速增長。有關公司的最新分析師預測,請查看此分析師預測可視化效果。
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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。