Should Weakness in Winnebago Industries, Inc.'s (NYSE:WGO) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in Winnebago Industries, Inc.'s (NYSE:WGO) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
With its stock down 9.9% over the past week, it is easy to disregard Winnebago Industries (NYSE:WGO). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Winnebago Industries' ROE.
股价在过去一周下跌了9.9%,很容易忽视温尼巴格实业(纽交所:WGO)。不过,公司的基本面看起来相当不错,长期财务状况通常与未来市场价格走势一致。在本文中,我们决定专注于温尼巴格实业的roe。
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?
如何计算净资产收益率?
The formula for ROE is:
roe的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润(来自持续经营) ÷ 股东权益
So, based on the above formula, the ROE for Winnebago Industries is:
因此,根据上述公式,温尼巴格实业的roe为:
1.0% = US$13m ÷ US$1.3b (Based on the trailing twelve months to August 2024).
1.0% = 1300万美元 ÷ 13亿美元(截至2024年8月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.01 in profit.
“回报”是过去十二个月税后收益。概念化的一种方法是,公司每拥有1美元股东资本,就能赚取0.01美元的利润。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
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. 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.
到目前为止,我们已经了解到roe衡量公司生成利润的效率。根据公司再投资或“保留”的利润比例及其有效性,我们能够评估公司的收益增长潜力。在其他一切保持不变的情况下,roe和利润保留率越高,公司的增长率就越高,相比于那些不一定拥有这些特性的公司。
Winnebago Industries' Earnings Growth And 1.0% ROE
温尼巴格实业的盈利增长和1.0%的roe
It is quite clear that Winnebago Industries' ROE is rather low. Even when compared to the industry average of 15%, the ROE figure is pretty disappointing. Although, we can see that Winnebago Industries saw a modest net income growth of 7.3% over the past five years. We reckon that there could be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
很明显,温尼巴格实业的roe相当低。即使与行业平均水平15%相比,roe数字也相当令人失望。尽管如此,我们可以看到温尼巴格实业在过去五年中净利润增长了7.3%。我们认为这里可能存在其他因素。例如,公司的分红派息比率较低或者被有效管理。
Next, on comparing with the industry net income growth, we found that Winnebago Industries' reported growth was lower than the industry growth of 18% over the last few years, which is not something we like to see.
接下来,与行业净利润增长进行比较,我们发现温尼巴格实业报告的增长低于过去几年行业18%的增长,这并不是我们喜欢看到的。

Earnings growth is a huge factor in stock valuation. 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. If you're wondering about Winnebago Industries''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是股票估值中的一个重要因素。投资者需要判断的是,预期的盈利增长,或者缺乏盈利增长,是否已经融入了股价中。这样做可以让他们了解股票是走向清澈蓝色水域,还是即将面临泥泞水域。如果你想了解温尼巴格实业的估值,请查看其市盈率与行业的比较。
Is Winnebago Industries Using Its Retained Earnings Effectively?
温尼巴格实业是否有效利用了留存收益?
Winnebago Industries' three-year median payout ratio to shareholders is 10% (implying that it retains 90% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
温尼巴格实业向股东的三年中位数派息比率为10%(意味着公司留存了90%的收入),这较为保守,看起来管理层在大量重新投资利润来发展业务。
Additionally, Winnebago Industries has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 21% over the next three years. Still, forecasts suggest that Winnebago Industries' future ROE will rise to 17% even though the the company's payout ratio is expected to rise. We presume that there could some other characteristics of the business that could be driving the anticipated growth in the company's ROE.
此外,温尼巴格实业至少连续十年支付股息,这意味着公司非常重视与股东分享利润。查看当前的分析师共识数据,我们可以看到公司未来的派息比率预计将在未来三年内提高到21%。尽管预测显示温尼巴格实业的未来ROE将达到17%,即使公司的派息比率有望上升。我们推测公司业务的其他特征可能驱动了公司ROE预期增长。
Conclusion
结论
On the whole, we do feel that Winnebago Industries has some positive attributes. Specifically, its fairly high earnings growth number, which no doubt was backed by the company's high earnings retention. Still, the low ROE means that all that reinvestment is not reaping a lot of benefit to the investors. 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.
总体而言,我们认为温尼巴格实业具有一些积极特征。具体来说,它具有相当高的盈利增长率,毫无疑问是由公司高额的利润留存支撑的。然而,低ROE意味着所有的再投资并没有给投资者带来很多好处。话虽如此,最新的行业分析师预测显示,该公司的盈利预计将加速增长。要了解更多关于公司最新分析师预测的信息,请查看该公司的分析师预测可视化。
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