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Floor & Decor Holdings, Inc. (NYSE:FND) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Floor & Decor Holdings, Inc. (NYSE:FND) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
It is hard to get excited after looking at Floor & Decor Holdings' (NYSE:FND) recent performance, when its stock has declined 21% over the past month. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Floor & Decor Holdings' ROE in this article.
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.
See our latest analysis for Floor & Decor Holdings
How Do You Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Floor & Decor Holdings is:
19% = US$277m ÷ US$1.5b (Based on the trailing twelve months to June 2022).
The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.19 in profit.
What Has ROE Got To Do With Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 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.
Floor & Decor Holdings' Earnings Growth And 19% ROE
To begin with, Floor & Decor Holdings seems to have a respectable ROE. Yet, the fact that the company's ROE is lower than the industry average of 30% does temper our expectations. However, we are pleased to see the impressive 26% net income growth reported by Floor & Decor Holdings over the past five years. Therefore, there could be other causes behind this growth. Such as - high earnings retention or an efficient management in place. However, not to forget, the company does have a decent ROE to begin with, just that it is lower than the industry average. So this certainly also provides some context to the high earnings growth seen by the company.
Next, on comparing Floor & Decor Holdings' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 31% in the same period.
NYSE:FND Past Earnings Growth September 25th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. 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 Floor & Decor Holdings is trading on a high P/E or a low P/E, relative to its industry.
Is Floor & Decor Holdings Using Its Retained Earnings Effectively?
Given that Floor & Decor Holdings doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
Conclusion
On the whole, we feel that Floor & Decor Holdings' performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
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.
看到Floor&Decor Holdings(纽约证券交易所股票代码:FND)最近的表现,很难感到兴奋,它的股价在过去一个月里下跌了21%。然而,股价通常是由一家公司的长期财务表现推动的,在这种情况下,这看起来相当有希望。具体地说,我们决定在本文中研究Floor&Decor Holdings的净资产收益率。
股本回报率(ROE)是对一家公司增值和管理投资者资金的效率的测试。简而言之,它是用来评估一家公司相对于其权益资本的盈利能力。
查看我们对Floor&Decor Holdings的最新分析
你如何计算股本回报率?
这个净资产收益率公式是:
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,Floor&Decor Holdings的净资产收益率为:
19%=2.77亿美元×15亿美元(基于截至2022年6月的12个月)。
“回报”指的是一家公司过去一年的收益。这意味着,股东权益每增加1美元,公司就会产生0.19美元的利润。
净资产收益率与盈利增长有什么关系?
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。
Floor&Decor Holdings的收益增长和19%的净资产收益率
首先,Floor&Decor Holdings似乎拥有可观的净资产收益率。然而,该公司的净资产收益率低于30%的行业平均水平,这一事实确实降低了我们的预期。然而,我们很高兴看到Floor&Decor Holdings在过去五年中报告了令人印象深刻的26%的净收入增长。因此,这种增长背后可能还有其他原因。例如-高收益留存或有效的管理到位。然而,不要忘记,该公司一开始确实有不错的净资产收益率,只是低于行业平均水平。因此,这当然也为该公司的高收益增长提供了一些背景。
接下来,将Floor&Decor Holdings的净收入增长与行业进行比较,我们发现该公司报告的增长与同期31%的行业平均增长率相似。
纽约证券交易所:FND过去的收益增长2022年9月25日赋予一家公司价值的基础在很大程度上与其盈利增长挂钩。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。衡量预期收益增长的一个很好的指标是市盈率,它根据一只股票的盈利前景决定市场愿意为其支付的价格。因此,你可能想看看Floor&Decor Holdings相对于其行业是高市盈率还是低市盈率。
Floor&Decor Holdings是否有效地利用了其留存收益?
鉴于Floor&Decor Holdings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进行再投资,以实现业务增长。
结论
整体而言,我们觉得Floor&Decor Holdings的表现相当不错。特别是,我们喜欢该公司以适度的回报率对其业务进行大量再投资。不出所料,这导致了令人印象深刻的收益增长。话虽如此,最新的行业分析师预测显示,该公司的收益增长预计将放缓。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。
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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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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