Diamondback Energy, Inc. (NASDAQ:FANG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Diamondback Energy, Inc. (NASDAQ:FANG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 3.7% over the past week, it is easy to disregard Diamondback Energy (NASDAQ:FANG). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Diamondback Energy's ROE today.
隨着過去一週股價下跌3.7%,很容易忽略Diamondback Energy(納斯達克股票代碼:FANG)。 但是,股價通常受公司長期的財務表現驅動,在這種情況下看起來相當有希望。 特別是,我們將今天關注Diamondback Energy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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股東權益報酬率是一種有用的工具,用於評估一家公司能否有效地利用來自股東的投資產生回報。換句話說,它揭示了公司將股東的投資變成利潤的成功程度。
How Do You Calculate Return On Equity?
怎樣計算ROE?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
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 Diamondback Energy is:
因此,基於上述公式,Diamondback Energy的ROE爲:
20% = US$3.7b ÷ US$19b (Based on the trailing twelve months to June 2024).
20% = 37億美元 ÷ 190億美元(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. That means that for every $1 worth of shareholders' equity, the company generated $0.20 in profit.
「回報」是指過去十二個月內稅後賺取的金額。這意味着,對於每1美元的股東權益,公司產生了0.20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. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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,我們已經了解到ROE衡量了公司有效地利用其利潤的能力。根據公司再投資或「保留」的利潤量以及公司再投資利潤的效果,我們就能評估公司的盈利增長潛力。一般來說,其他條件相同,ROE高和盈利保留公司的成長率比沒有這些屬性的公司更高。
A Side By Side comparison of Diamondback Energy's Earnings Growth And 20% ROE
鑽石能源的盈利增長和20%的roe的橫向對比
To begin with, Diamondback Energy seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 16%. This certainly adds some context to Diamondback Energy's exceptional 46% net income growth seen over the past five years. We reckon that there could also be other factors at play here. 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.
首先,Diamondback Energy的roe似乎相當可觀。此外,該公司的roe與行業平均水平16%相比也非常有競爭力。這無疑爲Diamondback Energy過去五年出色的46%淨利潤增長提供了一些背景。我們認爲這裏還可能有其他因素在起作用。例如,公司管理層可能已經做出了一些良好的戰略決策,或者公司的派息比率較低。
As a next step, we compared Diamondback Energy's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 41% in the same period.
作爲下一步,我們將Diamondback Energy的淨利潤增長與行業進行了比較,發現該公司在相同時期與行業平均增長率41%有着相似的增長指標。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Diamondback Energy is trading on a high P/E or a low P/E, relative to its industry.
公司估值的基礎在很大程度上與其盈利增長密切相關。投資者應該嘗試確定預期盈利增長或下降的情況是否已經定價。這有助於他們判斷股票是面臨光明還是黯淡的前景。預期盈利增長的一個良好指標是市盈率,它根據盈利前景決定市場願意爲股票支付的價格。因此,您可能希望檢查Diamondback Energy相對於其行業而言,是在高市盈率還是低市盈率交易。
Is Diamondback Energy Using Its Retained Earnings Effectively?
Diamondback Energy是否有效利用留存收益?
Diamondback Energy's three-year median payout ratio is a pretty moderate 38%, meaning the company retains 62% of its income. So it seems that Diamondback Energy is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Diamondback Energy的三年中位數分紅比率相當溫和,爲38%,這意味着公司留存了62%的收入。因此,Diamondback Energy似乎以一種有效的方式進行再投資,從而實現盈利增長(上文討論過)並支付了得到很好覆蓋的股息。
Additionally, Diamondback Energy has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 36% of its profits over the next three years. Regardless, Diamondback Energy's ROE is speculated to decline to 12% despite there being no anticipated change in its payout ratio.
另外,Diamondback Energy已連續七年支付股息,這意味着公司非常重視與股東分享利潤。在研究最新的分析師一致數據後,我們發現公司預計在未來三年中持續支付其利潤的約36%。儘管如此,Diamondback Energy的roe被認爲將下降至12%,儘管其分紅比率預計不會發生變化。
Conclusion
結論
On the whole, we feel that Diamondback Energy'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 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. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總體而言,我們認爲Diamondback Energy的表現相當不錯。具體來說,我們喜歡公司以高回報率將大部分利潤再投資。當然,這導致公司盈利大幅增長。話雖如此,最新行業分析師預測顯示,公司盈利增長預計將放緩。要了解更多關於公司最新分析師預測的信息,請查看該公司的分析師預測可視化。
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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。