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STAG Industrial, Inc.'s (NYSE:STAG) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
STAG Industrial, Inc.'s (NYSE:STAG) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
With its stock down 9.1% over the past month, it is easy to disregard STAG Industrial (NYSE:STAG). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to STAG Industrial'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 STAG Industrial
How Is ROE Calculated?
Return on equity 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 STAG Industrial is:
6.5% = US$225m ÷ US$3.5b (Based on the trailing twelve months to June 2022).
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 $0.07 in profit.
What Is The Relationship Between ROE And Earnings Growth?
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. 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 STAG Industrial's Earnings Growth And 6.5% ROE
On the face of it, STAG Industrial's ROE is not much to talk about. However, given that the company's ROE is similar to the average industry ROE of 6.6%, we may spare it some thought. Moreover, we are quite pleased to see that STAG Industrial's net income grew significantly at a rate of 39% over the last five years. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. Such as - high earnings retention or an efficient management in place.
As a next step, we compared STAG Industrial's 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 11%.
NYSE:STAG Past Earnings Growth September 21st 2022Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about STAG Industrial's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
Is STAG Industrial Efficiently Re-investing Its Profits?
STAG Industrial has a very high three-year median payout ratio of 79%. This means that it has only 21% of its income left to reinvest into its business. However, it's not unusual to see a REIT with such a high payout ratio mainly due to statutory requirements. In spite of this, the company was able to grow its earnings significantly, as we saw above.
Additionally, STAG Industrial 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. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 68%. Still, forecasts suggest that STAG Industrial's future ROE will drop to 3.9% even though the the company's payout ratio is not expected to change by much.
Conclusion
In total, it does look like STAG Industrial has some positive aspects to its business. While no doubt its earnings growth is pretty substantial, we do feel that the reinvestment rate is pretty low, meaning, the earnings growth number could have been significantly higher had the company been retaining more of its profits. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. 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.
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.
由于其股价在过去一个月里下跌了9.1%,人们很容易忽视STAG工业公司(纽约证券交易所代码:STAG)。然而,该公司的基本面看起来相当不错,长期财务状况通常与未来的市场价格走势保持一致。特别是今天我们将关注雄鹿实业的净资产收益率。
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。
查看我们对STAG Industrial的最新分析
净资产收益率是如何计算的?
股本回报率可使用以下公式计算:
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,STAG Industrial的净资产收益率为:
6.5%=2.25亿美元×35亿美元(基于截至2022年6月的12个月)。
“报税表”是过去12个月的税后收入。一种将其概念化的方法是,公司每拥有1美元的股东资本,就能获得0.07美元的利润。
净资产收益率与盈利增长之间有什么关系?
我们已经证实,净资产收益率是一家公司未来收益的有效盈利指标。根据公司选择再投资或“保留”多少利润,我们就能够评估一家公司未来产生利润的能力。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。
斯塔格实业盈利增长与6.5%净资产收益率的并列比较
从表面上看,雄鹿工业的净资产收益率(ROE)并不值得谈论。然而,鉴于该公司的净资产收益率与行业平均6.6%的净资产收益率相似,我们或许可以省去一些思考。此外,我们非常高兴地看到,在过去的五年中,雄鹿工业的净收入以39%的速度大幅增长。考虑到净资产收益率不是特别高,我们认为也可能有其他因素在发挥作用,可能正在影响公司的增长。例如-高收益留存或有效的管理到位。
作为下一步,我们将雄鹿实业的净收入增长与行业进行了比较,令人欣喜的是,我们发现该公司看到的增长高于行业平均11%的增长。
纽约证券交易所:稳定过去的收益增长2022年9月21日盈利增长是股票估值的一个重要因素。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)。这样做将有助于他们确定该股的未来看起来是光明的还是不祥的。如果你想知道雄鹿实业的估值,看看这个衡量其市盈率的指标,与其行业相比。
雄鹿工业是否有效地对其利润进行了再投资?
STAG Industrial的三年中值派息率非常高,为79%。这意味着它只剩下21%的收入可以再投资于其业务。然而,主要由于法定要求,REIT的派息率如此之高并不少见。尽管如此,正如我们上面看到的那样,该公司的收益仍能大幅增长。
此外,雄鹿工业至少在十年内分红,这意味着该公司对与股东分享利润是相当认真的。根据最新的分析师预估,我们发现该公司未来三年的派息比率预计将稳定在68%。不过,预测显示,尽管STAG Industrial的派息率预计不会有太大变化,但该公司未来的净资产收益率将降至3.9%。
结论
总体而言,雄鹿工业的业务确实有一些积极的方面。虽然毫无疑问,它的收益增长相当可观,但我们确实感觉到再投资率相当低,这意味着,如果公司保留了更多的利润,收益增长数字可能会高得多。话虽如此,在研究目前分析师的预测时,我们担心的是,尽管该公司过去的收益有所增长,但分析师预计其未来的收益将会萎缩。这些分析师的预期是基于对该行业的广泛预期,还是基于该公司的基本面?点击此处进入我们分析师对该公司的预测页面。
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。
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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。
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