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Is Magnolia Oil & Gas Corporation's (NYSE:MGY) Stock's Recent Performance A Reflection Of Its Financial Health?

Is Magnolia Oil & Gas Corporation's (NYSE:MGY) Stock's Recent Performance A Reflection Of Its Financial Health?

玉蘭石油與燃料幣公司(NYSE:MGY)股票最近的表現是否反映了其財務健康狀況?
Simply Wall St ·  09/25 09:11

Most readers would already know that Magnolia Oil & Gas' (NYSE:MGY) stock increased by 3.0% over the past week. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Magnolia Oil & Gas' ROE.

大多數讀者可能已經知道,Magnolia Oil & Gas(紐交所:MGY)的股票過去一週增長了3.0%。鑑於其令人印象深刻的表現,我們決定研究該公司的關鍵財務指標,因爲一個公司的長期基本面通常決定市場結果。在這篇文章中,我們決定專注於Magnolia Oil & Gas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. Put another way, it reveals the company's success at turning shareholder investments into profits.

股本回報率或roe是一項關鍵指標,用於評估公司管理層使用公司資本的效率。換句話說,它揭示了公司將股東的投資轉化爲利潤的成功。

How To Calculate Return On Equity?

如何計算股東權益報酬率?

ROE can be calculated by using the formula:

淨資產收益率可以使用以下公式進行計算:

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 Magnolia Oil & Gas is:

因此,基於上述公式,磨棒油氣的roe爲:

23% = US$434m ÷ US$1.9b (Based on the trailing twelve months to June 2024).

23% = 4.34億美元 ÷ 190億美元(基於截至2024年6月的過去十二個月)。

The 'return' is the profit 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 $0.23 in profit.

'回報'是過去十二個月的利潤。另一種思考方式是,每1美元的股本,公司可以獲得0.23美元的利潤。

What Has ROE Got To Do With Earnings Growth?

roe與盈利增長有何關係?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

我們已經確定,roe可以作爲一種有效的衡量公司未來盈利能力的指標。現在我們需要評估公司再投資或「保留」的利潤有多少,這就給我們提供了有關公司增長潛力的想法。假設其他一切不變,roe和利潤保留率越高,公司的增長率就越高,而不一定具備這些特徵的公司相比。

A Side By Side comparison of Magnolia Oil & Gas' Earnings Growth And 23% ROE

對於Magnolia Oil & Gas的盈利增長和23%的ROE進行了並列比較

To begin with, Magnolia Oil & Gas has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 16% which is quite remarkable. So, the substantial 51% net income growth seen by Magnolia Oil & Gas over the past five years isn't overly surprising.

首先,Magnolia Oil & Gas擁有相當高的ROE,這很有趣。此外,公司的ROE比行業平均水平高出16%,這相當了不起。因此,過去五年Magnolia Oil & Gas的淨利潤增長達到51%,這並不是太令人驚訝。

We then compared Magnolia Oil & Gas' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 40% in the same 5-year period.

然後我們將Magnolia Oil & Gas的淨利潤增長與行業進行了比較,很高興看到公司的增長數字高於行業,在同一5年期間,行業增長率爲40%。

big
NYSE:MGY Past Earnings Growth September 25th 2024
紐交所:MGY 過去的盈利增長 2024年9月25日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Magnolia Oil & Gas is trading on a high P/E or a low P/E, relative to its industry.

對一家公司進行估值的基礎,在很大程度上與其盈利增長密切相關。投資者需要進一步判斷的是,預期的盈利增長是否已經反映在股價中,或者是否缺乏這一點。通過這樣做,他們將了解股價已經蓄勢待發,還是即將陷入沼澤般的深水之中。預期盈利增長的一個良好指標是市盈率,該指標確定了市場願意根據盈利前景支付多少價格購買股票。因此,您可能需要檢查一下Magnolia Oil & Gas的市盈率是較高還是較低,相對於其所在的行業板塊。

Is Magnolia Oil & Gas Efficiently Re-investing Its Profits?

Magnolia Oil & Gas是否有效地再投資其利潤?

Magnolia Oil & Gas' ' three-year median payout ratio is on the lower side at 10.0% implying that it is retaining a higher percentage (90%) 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.

Magnolia Oil & Gas'的三年中位數的支付比率偏低,爲10.0%,這意味着公司留存着較高比例(90%)的利潤。這表明管理層將大部分利潤再投資以促進業務增長,正如公司所展現的增長所證明的那樣。

Besides, Magnolia Oil & Gas has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 24% over the next three years. Therefore, the expected rise in the payout ratio explains why the company's ROE is expected to decline to 15% over the same period.

此外,Magnolia Oil & Gas在過去三年內一直在支付股息。這顯示該公司致力於與股東分享利潤。在研究最新的分析師一致數據後,我們發現該公司未來的支付比率預計將在未來三年內上升至24%。因此,預期的支付比率上升解釋了爲什麼該公司的roe在同一期間預計將下降至15%。

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。

In total, we are pretty happy with Magnolia Oil & Gas' performance. 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. 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,我們對Magnolia Oil & Gas的業績感到非常滿意。具體來說,我們喜歡這家公司以高回報率將其利潤的大部分再投資。當然,這導致了該公司的盈利大幅增長。鑑於此,對最新分析師預測的研究表明,預計該公司未來的盈利增長將放緩。分析師的這些預期是基於行業的廣泛預期,還是基於公司的基本面?請單擊此處查看我們公司分析師的預測頁面。

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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.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。

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