Could The Market Be Wrong About Synopsys, Inc. (NASDAQ:SNPS) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About Synopsys, Inc. (NASDAQ:SNPS) Given Its Attractive Financial Prospects?
It is hard to get excited after looking at Synopsys' (NASDAQ:SNPS) recent performance, when its stock has declined 17% over the past three months. 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 Synopsys' ROE today.
在看过新思科技(纳斯达克:SNPS)最近的表现后很难感到兴奋,因为其股价在过去三个月下跌了17%。然而,股价通常受公司长期财务表现的驱动,在这种情况下看起来相当有希望。尤其是,我们将关注新思科技的roe今天。
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.
股本回报率或ROE是一项用于评估公司管理层如何利用公司资本的效率的关键指标。简而言之,它用于评估公司相对于其股本资本的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算:
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 Synopsys is:
因此,基于上述公式,Synopsys的ROE为:
19% = US$1.5b ÷ US$7.7b (Based on the trailing twelve months to July 2024).
19% = 15亿美元 ÷ 77亿美元(基于截至2024年7月的最近十二个月)。
The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.19.
“回报”是指公司在过去一年内的收益。因此,这意味着对于每1美元的股东投资,该公司可以创造0.19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?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我们已经确定,roe作为一种有效的盈利预测工具,可为公司未来的盈利能力提供参考。基于公司选择重新投资或“保留”的利润比例,我们可以评估其未来盈利能力。总的来说,在其他条件相等的情况下,roe和利润保留比例高的公司比那些不具备这些特点的公司增长速度更快。
Synopsys' Earnings Growth And 19% ROE
新思科技的盈利增长和19% ROE
To begin with, Synopsys seems to have a respectable ROE. On comparing with the average industry ROE of 14% the company's ROE looks pretty remarkable. This probably laid the ground for Synopsys' significant 20% net income growth seen over the past five years. However, there could also be other causes behind this growth. Such as - high earnings retention or an efficient management in place.
首先,新思科技的ROE似乎相当可观。与行业平均ROE 14%相比,该公司的ROE看起来相当出色。这可能为新思科技在过去五年中显著的20%净利润增长奠定了基础。然而,这种增长背后也可能有其他原因,如高额盈利留存或高效的管理。
Next, on comparing Synopsys' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 19% over the last few years.
接下来,我们将新思科技的净利润增长与行业进行了比较,发现该公司的报告增长率与行业平均增长率19%相似。
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Earnings growth is a huge factor in stock valuation. 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. What is SNPS worth today? The intrinsic value infographic in our free research report helps visualize whether SNPS is currently mispriced by the market.
收益增长是股票估值的重要因素。投资者应该尝试判断预期的盈利增长或减少,不管是哪种情况,股票是否已经反映出来。这有助于他们判断股票是面临光明还是黑暗的未来。SNPS今天值多少钱呢?我们免费研究报告中的内在价值信息图表有助于判断SNPS当前是否被市场错定。
Is Synopsys Using Its Retained Earnings Effectively?
Synopsys是否有效地利用其留存收益?
Given that Synopsys doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
考虑到新思科技不向股东支付常规股利,我们推断该公司一直在将所有利润用于业务发展。
Conclusion
结论
Overall, we are quite pleased with Synopsys' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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,我们对新思科技的表现感到满意。特别是,我们喜欢该公司大量投资于业务,并获得了较高的回报率。毫不奇怪,这导致了令人瞩目的盈利增长。尽管如此,根据目前分析师的预测,公司的盈利增长预计会放缓。这些分析师的预期是基于对行业的普遍预期,还是基于公司的基本面呢?单击此处转到我们分析师对该公司的预测页面。
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