It is hard to get excited after looking at Commvault Systems' (NASDAQ:CVLT) recent performance, when its stock has declined 11% over the past three months. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Commvault Systems' ROE today.
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.
See our latest analysis for Commvault Systems
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 Commvault Systems is:
8.6% = US$23m ÷ US$270m (Based on the trailing twelve months to June 2022).
The 'return' is the income the business earned over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.09.
What Is The Relationship Between ROE And Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. 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.
A Side By Side comparison of Commvault Systems' Earnings Growth And 8.6% ROE
At first glance, Commvault Systems' ROE doesn't look very promising. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 12%. However, we we're pleasantly surprised to see that Commvault Systems grew its net income at a significant rate of 43% in the last 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.
As a next step, we compared Commvault Systems' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 25%.
NasdaqGS:CVLT Past Earnings Growth September 13th 2022
Earnings 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. If you're wondering about Commvault Systems''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
Is Commvault Systems Efficiently Re-investing Its Profits?
Given that Commvault Systems doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
Summary
Overall, we feel that Commvault Systems certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable 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. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
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看到Commvault Systems(纳斯达克：CVLT)最近的表现，很难感到兴奋，它的股票在过去三个月里下跌了11%。然而，股价通常是由公司的长期财务状况推动的，在这种情况下，财务状况看起来相当不错。今天，我们将特别关注Commvault Systems的净资产收益率。
股本回报率(ROE)是用来评估公司管理层利用公司资本效率的关键指标。换句话说，它揭示了该公司成功地将股东投资转化为利润。
查看我们对Commvault系统的最新分析
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，Commvault Systems的ROE为：
8.6%=2300万美元×2.7亿美元(基于截至2022年6月的12个月的往绩)。
“回报”指的是企业在过去一年中获得的收入。因此，这意味着股东每投资1美元，公司就会产生0.09美元的利润。
净资产收益率与盈利增长之间有什么关系？
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。根据公司将这些利润再投资或“保留”多少，以及这样做的效率如何，我们就能够评估一家公司的收益增长潜力。假设其他条件不变，净资产收益率和利润保留率越高，与不一定具有这些特征的公司相比，公司的增长率就越高。
Commvault Systems盈利增长与8.6%净资产收益率的并列比较
乍一看，Commvault Systems的净资产收益率看起来并不是很有希望。然后，我们将该公司的净资产收益率(ROE)与整个行业进行了比较，发现净资产收益率低于12%的行业平均水平，这让我们感到失望。然而，令人惊喜的是，我们看到Commvault Systems在过去五年中以43%的显著速度增长了净收入。我们认为，可能还有其他因素在起作用。例如，该公司的派息率较低或管理效率较高。
下一步，我们将Commvault Systems的净收入增长与行业进行比较，令人欣喜的是，我们发现该公司看到的增长高于行业平均25%的增长。
NasdaqGS：CVLT过去的收益增长2022年9月13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。如果你想知道Commvault Systems的估值，可以看看这个衡量其市盈率的指标，与其行业相比。
Commvault Systems是否有效地将其利润进行了再投资？
鉴于Commvault Systems不向股东支付任何股息，我们推断该公司一直在将所有利润再投资于业务增长。
摘要
总体而言，我们认为Commvault Systems确实有一些积极的因素需要考虑。凭借高再投资率，尽管净资产收益率较低，该公司的收益实现了相当大的增长。既然如此，一项对最新分析师预测的研究表明，预计该公司未来的收益增长将放缓。要了解更多有关该公司未来收益增长预测的信息，请查看以下内容免费报告分析师对该公司的预测，以了解更多信息。
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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。
