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Budweiser Brewing Company APAC Limited's (HKG:1876) Stock Is Going Strong: Have Financials A Role To Play?
Budweiser Brewing Company APAC Limited's (HKG:1876) Stock Is Going Strong: Have Financials A Role To Play?
Most readers would already be aware that Budweiser Brewing Company APAC's (HKG:1876) stock increased significantly by 11% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Budweiser Brewing Company APAC's ROE today.
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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
Check out our latest analysis for Budweiser Brewing Company APAC
How Is ROE Calculated?
ROE can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Budweiser Brewing Company APAC is:
9.5% = US$1.0b ÷ US$11b (Based on the trailing twelve months to March 2022).
The 'return' refers to a company's earnings over the last year. That means that for every HK$1 worth of shareholders' equity, the company generated HK$0.09 in profit.
What Has ROE Got To Do With Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
Budweiser Brewing Company APAC's Earnings Growth And 9.5% ROE
At first glance, Budweiser Brewing Company APAC's ROE doesn't look very promising. Although a closer study shows that the company's ROE is higher than the industry average of 6.7% which we definitely can't overlook. Still, Budweiser Brewing Company APAC has seen a flat net income growth over the past five years. Remember, the company's ROE is a bit low to begin with, just that it is higher than the industry average. Hence, this goes some way in explaining the flat earnings growth.
As a next step, we compared Budweiser Brewing Company APAC's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 18% in the same period.
SEHK:1876 Past Earnings Growth July 18th 2022Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for 1876? You can find out in our latest intrinsic value infographic research report.
Is Budweiser Brewing Company APAC Efficiently Re-investing Its Profits?
Despite having a moderate three-year median payout ratio of 49% (meaning the company retains51% of profits) in the last three-year period, Budweiser Brewing Company APAC's earnings growth was more or les flat. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
Additionally, Budweiser Brewing Company APAC started paying a dividend only recently. So it looks like the management must have perceived that shareholders favor dividends over earnings growth. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 36% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
Conclusion
Overall, we feel that Budweiser Brewing Company APAC certainly does have some positive factors to consider. Although, we are disappointed to see a lack of growth in earnings even in spite of a moderate ROE and and a high reinvestment rate. We believe that there might be some outside factors that could be having a negative impact on the business. 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.
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.
大多数读者应该已经知道,百威亚太(HKG:1876)的股票在过去一个月里大幅上涨了11%。正如大多数人都知道的那样,基本面因素通常是长期市场价格走势的指引,因此我们决定今天查看该公司的关键财务指标,以确定它们是否对最近的价格走势起到了作用。今天我们特别关注百威亚太的净资产收益率。
净资产收益率,即股本回报率,是评估一家公司从股东那里获得投资回报的有效程度的有用工具。换句话说,这是一个衡量公司股东提供的资本回报率的盈利比率。
看看我们对百威亚太的最新分析
净资产收益率是如何计算的?
可使用以下公式计算净资产收益率:
股本回报率=(持续经营的)净利润?股东权益
因此,根据上述公式,百威亚太的净资产收益率为:
9.5%=10亿美元×110亿美元(基于截至2022年3月的12个月的往绩)。
“回报”指的是一家公司过去一年的收益。这意味着,每1港元的股东权益,该公司就会产生0.09港元的利润。
净资产收益率与盈利增长有什么关系?
到目前为止,我们了解到净资产收益率是衡量一家公司盈利能力的指标。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长,这就让我们对公司的增长潜力有了一个了解。假设其他条件相同,与没有相同特征的公司相比,拥有更高股本回报率和更高利润保留率的公司通常会有更高的增长率。
百威亚太的盈利增长和9.5%的净资产收益率
乍一看,百威亚太的净资产收益率看起来并不是很有前途。尽管更仔细的研究表明,该公司的净资产收益率高于6.7%的行业平均水平,但我们绝对不能忽视这一点。尽管如此,百威亚太在过去五年中的净收入增长持平。请记住,该公司的净资产收益率从一开始就有点低,只是高于行业平均水平。因此,这在一定程度上解释了盈利增长持平的原因。
作为下一步,我们将百威亚太的净收入增长与行业进行了比较,并失望地看到,该公司的增长低于同期18%的行业平均增长。
联交所:1876过去盈利增长2022年7月18日盈利增长是评估一只股票时需要考虑的一个重要指标。对于投资者来说,重要的是知道市场是否已经消化了公司预期的收益增长(或下降)。这有助于他们确定这只股票是为光明还是黯淡的未来做准备。市场是否已经消化了1876年的未来前景?你可以在我们最新的内在价值信息图研究报告中找到答案。
百威亚太是否有效地将其利润进行了再投资?
尽管在过去三年中,百威亚太的三年中值派息率为49%(这意味着公司保留了51%的利润),但他的收益增长或多或少持平。因此,可能还有其他一些原因来解释这方面的缺乏。例如,这项业务可能正在衰落。
此外,百威亚太最近才开始分红。因此,看起来管理层肯定已经意识到,股东更喜欢分红,而不是收益增长。在研究了最新的分析师共识数据后,我们发现,该公司未来三年的派息率预计将降至36%。尽管预期派息率较低,但该公司的净资产收益率预计不会有太大变化。
结论
总体而言,我们觉得百威亚太确实有一些积极的因素需要考虑。然而,我们失望地看到,尽管净资产收益率(ROE)和再投资率较高,但盈利增长乏力。我们认为,可能有一些外部因素可能正在对业务产生负面影响。尽管如此,最新的行业分析师预测显示,该公司的收益预计将加速增长。要了解更多分析师对该公司的最新预测,请查看分析师对该公司预测的可视化。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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