Could The Market Be Wrong About Trex Company, Inc. (NYSE:TREX) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About Trex Company, Inc. (NYSE:TREX) Given Its Attractive Financial Prospects?
With its stock down 24% over the past three months, it is easy to disregard Trex Company (NYSE:TREX). 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. Particularly, we will be paying attention to Trex Company's ROE today.
过去三个月,该股下跌了24%,很容易忽视Trex公司(纽交所:TREX)。然而,仔细查看其可靠的财务状况可能会使您重新思考。鉴于基本面通常驱动长期市场结果,值得关注该公司。尤其是,我们将关注Trex公司的roe今天。
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 Do You Calculate Return On Equity?
怎样计算ROE?
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 Trex Company is:
所以,根据以上公式,Trex公司的roe为:
29% = US$263m ÷ US$895m (Based on the trailing twelve months to June 2024).
29% = 2.63亿美元 ÷ 8.95亿美元(根据截至2024年6月的过去十二个月计算)。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.29 in profit.
‘回报’是过去十二个月的利润。这意味着对于每1美元的股东权益,该公司创造了0.29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. 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.
到目前为止,我们已经知道roe衡量公司生成利润的效率。根据公司选择再投资或“保留”的利润的多少,我们能够评估公司未来生成利润的能力。一般而言,在其他条件相等的情况下,roe和盈利保留较高的公司,比没有这些属性的公司增长率更高。
Trex Company's Earnings Growth And 29% ROE
Trex公司的盈利增长和29%的roe
Firstly, we acknowledge that Trex Company has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 19% also doesn't go unnoticed by us. Probably as a result of this, Trex Company was able to see a decent net income growth of 8.9% over the last five years.
首先,我们认识到Trex公司的roe非常高。其次,与行业平均roe19%的比较也没有逃过我们的注意。可能正因为如此,Trex公司在过去五年中的净利润增长达到了8.9%。
We then compared Trex Company's 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.
然后,我们将Trex公司的净利润增长与行业进行比较,发现该公司的增长数据低于同一五年期间行业的平均增长率18%,有点令人担忧。
![1724506926281](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240824/42826739-0-dc8d8445e4715bc440cf80afa7a81785.webp/bigjpg)
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). Doing so will help them establish if the stock's future looks promising or ominous. Is Trex Company fairly valued compared to other companies? These 3 valuation measures might help you decide.
一个公司的价值评估很大程度上与其盈利增长息息相关。投资者重要的是要知道市场是否已经将公司预期的盈利增长(或下滑)价格计入其中。这样做将有助于他们确定该股票的未来前景是看好还是不妙。与其他公司相比,Trex公司的估值是否公平?以下三个估值指标或许能帮你决策。
Is Trex Company Making Efficient Use Of Its Profits?
Trex公司是否有效利用其利润?
Trex Company 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.
Trex公司目前不支付任何定期股息,这实际上意味着他一直在将其利润全部再投资到业务中。这肯定对我们上面所讨论的可观的盈利增长数字有所贡献。
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。
On the whole, we feel that Trex Company's performance has been quite good. 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 a good amount of growth in its earnings. 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. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言,我们认为Trex公司的表现相当不错。特别地,我们喜欢该公司以较高回报率再投资了大部分利润。当然,这导致了该公司的盈利增长表现良好。然而,最新的分析师预测研究显示,该公司未来的盈利增长将有所放缓。要了解更多关于该公司最新分析师预测的内容,请查看公司分析师预测的可视化。
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
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。