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Waste Connections, Inc. (NYSE:WCN) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

Waste Connections, Inc. (NYSE:WCN) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

Waste Connections, Inc.(纽交所:WCN)股票最近表现疲软,但财务状况看起来不错:潜在股东应该入市吗?
Simply Wall St ·  11/02 21:51

Waste Connections (NYSE:WCN) has had a rough three months with its share price down 1.4%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Waste Connections' ROE.

Waste Connections(纽交所:WCN)的股价在过去三个月中下跌了1.4%。然而,股票价格通常受公司的长期财务表现驱动,在这种情况下看起来相当有前景。在本文中,我们决定聚焦于Waste Connections的roe。

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.

股东权益回报率(ROE)是测试公司如何有效地增加其价值并管理投资者资金的指标。简而言之,它用于评估公司相对于股本资本的盈利能力。

How Is ROE Calculated?

净资产收益率怎么计算?

ROE can be calculated by using the formula:

净资产收益率可以使用以下公式进行计算:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

净资产收益率 = 净利润(从持续经营中获得)÷ 股东权益

So, based on the above formula, the ROE for Waste Connections is:

因此,根据上述公式,Waste Connections的ROE为:

11% = US$939m ÷ US$8.3b (Based on the trailing twelve months to September 2024).

11% = 93900万美元 ÷ 83亿美元(基于过去十二个月至2024年9月底的数据)。

The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.11 in profit.

“回报”是过去十二个月的利润。另一个思考的方法是,每1美元的资产净值,公司就能赚取11美分的利润。

What Has ROE Got To Do With Earnings Growth?

roe与盈利增长有何关系?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.

到目前为止,我们已经学到 ROE(净资产收益率)可以衡量公司盈利的效率。具体取决于公司再投资或“保留”多少这些利润,以及其有效程度,我们便能够评估公司的盈利增长潜力。假设其他条件相同,ROE和利润保留率都较高的公司通常比不具备这些特征的公司增长率更高。

Waste Connections' Earnings Growth And 11% ROE

waste connections的收益增长和11%的roe

To begin with, Waste Connections seems to have a respectable ROE. Even when compared to the industry average of 11% the company's ROE looks quite decent. This probably goes some way in explaining Waste Connections' moderate 19% growth over the past five years amongst other factors.

首先,Waste Connections的roe看起来相当可观。即使与11%的行业平均水平相比,该公司的roe看起来相当不错。这可能在解释Waste Connections过去五年中适度增长19%的原因中起到一定作用。

As a next step, we compared Waste Connections' 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 12%.

作为下一步,我们将Waste Connections的净利润增长与行业进行了比较,令人高兴的是,我们发现该公司的增长高于行业平均增长12%。

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NYSE:WCN Past Earnings Growth November 2nd 2024
NYSE:WCN过去的盈利增长为2024年11月2日

Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is WCN fairly valued? This infographic on the company's intrinsic value has everything you need to know.

收益增长是股票估值中的一个重要因素。投资者应该尝试确定预期的收益增长或下降,无论情况如何,是否已经定价。这样做将帮助他们确定股票未来是有前景还是不妙。WCN是否被合理定价?这份关于公司内在价值的信息图表包含了您需要了解的一切。

Is Waste Connections Using Its Retained Earnings Effectively?

废物连接是否有效利用保留收益?

With a three-year median payout ratio of 33% (implying that the company retains 67% of its profits), it seems that Waste Connections is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.

拥有三年的中位数支付比率为33%(暗示公司留下了67%的利润),看起来废物连接正在有效地再投资,以一种能够实现盈利增长并支付得到很好覆盖的股息的方式。

Additionally, Waste Connections has paid dividends over a period of eight years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 23% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 20%, over the same period.

此外,废物连接已连续八年分红,这意味着公司非常认真地与股东分享利润。我们最新的分析师数据显示,公司未来的支付比率预计将在未来三年内降至23%。因此,支付比率的预期下降解释了同期公司roe预计将增至20%的预期增长。

Summary

总的来说,我们对伟明环保的表现非常满意。具体而言,我们喜欢公司以高回报率再投资了其利润的很大一部分。当然,这导致公司的收益大幅增长。但是,最新的行业分析师预测表明,该公司的收益预计将加速增长。

In total, we are pretty happy with Waste Connections' 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. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

总的来说,我们对waste connections的表现感到满意。特别是,公司大量投资于其业务,加上高回报率,导致其收益大幅增长。尽管如此,根据当前分析师预测,公司的收益增长预计会放缓。要了解更多关于该公司的最新分析师预测,请查看该公司的分析师预测可视化。

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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.

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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。

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