Is Golden Energy and Resources Limited's (SGX:AUE) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Golden Energy and Resources Limited's (SGX:AUE) Recent Stock Performance Tethered To Its Strong Fundamentals?
Golden Energy and Resources (SGX:AUE) has had a great run on the share market with its stock up by a significant 22% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Specifically, we decided to study Golden Energy and Resources' ROE in this article.
黄金能源和资源公司(SGX：AU)的股票在过去三个月中大幅上涨22%，在股票市场上表现出色。由于市场通常为公司的长期基本面买单，我们决定研究公司的关键业绩指标，看看它们是否会影响市场。具体地说，我们决定在本文中研究Golden Energy and Resources的ROE。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
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。简而言之，净资产收益率显示了每一美元相对于其股东投资产生的利润。
View our latest analysis for Golden Energy and Resources
查看我们对黄金能源和资源的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率？
The formula for return on equity is:
这个股本回报率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Golden Energy and Resources is:
因此，根据上述公式，黄金能源资源的净资产收益率为：
39% = US$674m ÷ US$1.7b (Based on the trailing twelve months to June 2022).
39%=6.74亿美元×17亿美元(基于截至2022年6月的12个月)。
The 'return' refers to a company's earnings over the last year. That means that for every SGD1 worth of shareholders' equity, the company generated SGD0.39 in profit.
“回报”指的是一家公司过去一年的收益。这意味着，每相当于1新元的股东权益，公司就会产生0.39新元的利润。
What Is The Relationship Between ROE And Earnings Growth?
净资产收益率与盈利增长之间有什么关系？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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 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.
到目前为止，我们已经了解到净资产收益率衡量的是一家公司创造利润的效率。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。
Golden Energy and Resources' Earnings Growth And 39% ROE
金色能源资源的盈利增长和39%的净资产收益率
First thing first, we like that Golden Energy and Resources has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 30% which is quite remarkable. So, the substantial 36% net income growth seen by Golden Energy and Resources over the past five years isn't overly surprising.
首先，我们喜欢金色能源和资源公司令人印象深刻的净资产收益率。此外，该公司的净资产收益率(ROE)高于行业平均水平30%，这是相当了不起的。因此，过去五年金色能源资源公司的净利润大幅增长36%并不太令人意外。
Next, on comparing Golden Energy and Resources' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 36% in the same period.
接下来，对比黄金能源和资源的净收入增长与行业，我们发现，该公司的报告增长与同期36%的行业平均增长率相似。
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Golden Energy and Resources''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是评估一只股票时需要考虑的一个重要指标。投资者下一步需要确定的是，预期的收益增长是否已经计入了股价。通过这样做，他们将知道股票是将进入清澈的蓝色水域，还是等待沼泽水域。如果你想知道Golden Energy and Resources的估值，不妨看看这个衡量其市盈率的指标--与其行业相比。
Is Golden Energy and Resources Efficiently Re-investing Its Profits?
黄金能源和资源公司是否有效地对其利润进行了再投资？
While the company did pay out a portion of its dividend in the past, it currently doesn't pay a dividend. This is likely what's driving the high earnings growth number discussed above.
虽然该公司过去确实支付了一部分股息，但目前不支付股息。这很可能是推动上述高收益增长数字的原因。
Conclusion
结论
On the whole, we feel that Golden Energy and Resources' performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. To know the 2 risks we have identified for Golden Energy and Resources visit our risks dashboard for free.
整体而言，我们觉得金色能源资源的表现相当不错。具体地说，我们喜欢该公司将一大笔利润以高回报率进行再投资。当然，这导致该公司的收益出现了大幅增长。如果该公司继续以目前的方式增长收益，考虑到每股收益对长期股价的影响，这可能会对其股价产生积极影响。记住，股票的价格也取决于感知到的风险。因此，投资者在投资任何公司之前，必须随时了解所涉及的风险。要了解我们为黄金能源和资源确定的两个风险，请免费访问我们的风险仪表板。
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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。