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Declining Stock and Solid Fundamentals: Is The Market Wrong About Archer-Daniels-Midland Company (NYSE:ADM)?
Declining Stock and Solid Fundamentals: Is The Market Wrong About Archer-Daniels-Midland Company (NYSE:ADM)?
It is hard to get excited after looking at Archer-Daniels-Midland's (NYSE:ADM) recent performance, when its stock has declined 8.2% 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. Particularly, we will be paying attention to Archer-Daniels-Midland's ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for Archer-Daniels-Midland
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 Archer-Daniels-Midland is:
15% = US$3.6b ÷ US$25b (Based on the trailing twelve months to June 2022).
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.15 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. 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.
Archer-Daniels-Midland's Earnings Growth And 15% ROE
To begin with, Archer-Daniels-Midland seems to have a respectable ROE. Even when compared to the industry average of 14% the company's ROE looks quite decent. Consequently, this likely laid the ground for the decent growth of 15% seen over the past five years by Archer-Daniels-Midland.
We then compared Archer-Daniels-Midland's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 4.3% in the same period.
NYSE:ADM Past Earnings Growth October 3rd 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. Is ADM fairly valued? This infographic on the company's intrinsic value has everything you need to know.
Is Archer-Daniels-Midland Efficiently Re-investing Its Profits?
With a three-year median payout ratio of 45% (implying that the company retains 55% of its profits), it seems that Archer-Daniels-Midland is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
Additionally, Archer-Daniels-Midland 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. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 34% over the next three years. Regardless, the future ROE for Archer-Daniels-Midland is predicted to decline to 9.7% despite the anticipated decrease in the payout ratio. We reckon that there could probably be other factors that could be driving the forseen decline in the company's ROE.
Summary
Overall, we are quite pleased with Archer-Daniels-Midland's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. That being so, according to the latest industry analyst forecasts, the company's earnings are expected to shrink in the future. 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.
在看到Archer-Daniels-Midland(纽约证券交易所股票代码:ADM)最近的表现后,很难感到兴奋,其股价在过去一个月里下跌了8.2%。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。特别是,我们今天将关注阿彻-丹尼尔斯-米德兰的净资产收益率。
股本回报率或净资产收益率是股东要考虑的一个重要因素,因为它告诉他们他们的资本再投资的效率。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Archer-Daniels-Midland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,阿彻-丹尼尔斯-米德兰的净资产收益率为:
15%=36亿美元×250亿美元(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。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0.15美元的利润。
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。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。
Archer-Daniels-Midland的收益增长和15%的净资产收益率
首先,阿彻-丹尼尔斯-米德兰似乎拥有令人尊敬的净资产收益率。即使与14%的行业平均水平相比,该公司的净资产收益率看起来也相当不错。因此,这可能为Archer-Daniels-Midland在过去五年中实现15%的体面增长奠定了基础。
然后,我们将Archer-Daniels-Midland的净收入增长与行业进行了比较,我们很高兴地看到,与同期4.3%的行业增长率相比,该公司的增长数字更高。
纽约证券交易所:ADM过去的收益增长2022年10月3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。ADM的价值公平吗?这张关于公司内在价值的信息图包含了你需要知道的一切。
阿彻-丹尼尔斯-米德兰公司是否有效地对其利润进行了再投资?
阿彻-丹尼尔斯-米德兰的三年平均派息率为45%(这意味着该公司保留了55%的利润),似乎是在以一种高效的方式进行再投资,它看到了收益可观的增长,并支付了丰厚的股息。
此外,阿彻-丹尼尔斯-米德兰至少在十年内支付了股息,这意味着该公司非常认真地与股东分享利润。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34%。无论如何,阿彻-丹尼尔斯-米德兰公司未来的净资产收益率预计将下降至9.7%,尽管派息率预计会下降。我们认为,可能还有其他因素可能推动了该公司净资产收益率的预期下降。
摘要
总体而言,我们对阿彻-丹尼尔斯-米德兰的表现相当满意。特别是,很高兴看到该公司在业务上投入了大量资金,并获得了高回报率,这导致了其收益的可观增长。在这种情况下,根据最新的行业分析师预测,该公司未来的收益预计将缩水。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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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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