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Is Thermon Group Holdings, Inc.'s (NYSE:THR) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Is Thermon Group Holdings, Inc.'s (NYSE:THR) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

是 Thermon 集團控股公司嗎?”s(紐約證券交易所代碼:THR)最近的股票表現受到其基本面的影響嗎?
Simply Wall St ·  01/30 08:38

Thermon Group Holdings (NYSE:THR) has had a great run on the share market with its stock up by a significant 27% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Thermon Group Holdings' ROE today.

Thermon Group Holdings(紐約證券交易所代碼:THR)在股市上表現良好,其股票在過去三個月中大幅上漲了27%。我們想知道公司的財務狀況在價格變動中是否起着什麼作用,因爲公司的長期基本面通常決定市場業績。特別是,我們今天將關注Thermon Group Holdings的投資回報率。

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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。換句話說,它是衡量公司股東提供的資本回報率的盈利比率。

View our latest analysis for Thermon Group Holdings

查看我們對賽蒙集團控股的最新分析

How To Calculate Return On Equity?

如何計算股本回報率?

The formula for ROE is:

ROE 的公式是:

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

股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益

So, based on the above formula, the ROE for Thermon Group Holdings is:

因此,根據上述公式,Thermon Group Holdings的投資回報率爲:

9.4% = US$42m ÷ US$442m (Based on the trailing twelve months to September 2023).

9.4% = 4200萬美元 ÷ 4.42億美元(基於截至2023年9月的過去十二個月)。

The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.09 in profit.

“回報” 是每年的利潤。將其概念化的一種方法是,公司每擁有1美元的股東資本,就能獲得0.09美元的利潤。

Why Is ROE Important For Earnings Growth?

爲什麼投資回報率對收益增長很重要?

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.

到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。假設其他條件都一樣,與功能不相同的公司相比,具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。

A Side By Side comparison of Thermon Group Holdings' Earnings Growth And 9.4% ROE

Thermon Group Holdings的收益增長和9.4%的投資回報率的並排比較

When you first look at it, Thermon Group Holdings' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 15%. In spite of this, Thermon Group Holdings was able to grow its net income considerably, at a rate of 21% in the last five years. Therefore, there could be other reasons behind this growth. Such as - high earnings retention or an efficient management in place.

當你第一次看時,Thermon Group Holdings的投資回報率看起來並不那麼吸引人。然後,我們將公司的投資回報率與整個行業進行了比較,但對投資回報率低於行業平均水平的15%感到失望。儘管如此,Thermon Group Holdings還是得以大幅增長其淨收入,在過去五年中增長了21%。因此,這種增長背後可能還有其他原因。例如——高收益留存率或實行高效管理。

Next, on comparing with the industry net income growth, we found that Thermon Group Holdings' growth is quite high when compared to the industry average growth of 9.9% in the same period, which is great to see.

接下來,與行業淨收入增長相比,我們發現與同期9.9%的行業平均增長率相比,Thermon Group Holdings的增長相當高,這真是太好了。

past-earnings-growth
NYSE:THR Past Earnings Growth January 30th 2024
紐約證券交易所:THR 過去的收益增長 2024 年 1 月 30 日

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. This then helps them determine if the stock is placed for a bright or bleak future. What is THR worth today? The intrinsic value infographic in our free research report helps visualize whether THR is currently mispriced by the market.

收益增長是對股票進行估值時要考慮的重要指標。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。然後,這可以幫助他們確定股票是爲光明還是暗淡的未來而佈局。今天的 THR 值多少錢?我們的免費研究報告中的內在價值信息圖有助於可視化市場目前是否對THR進行了錯誤的定價。

Is Thermon Group Holdings Efficiently Re-investing Its Profits?

Thermon Group Holdings是否有效地將其利潤再投資?

Given that Thermon Group 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.

鑑於Thermon Group Holdings不向其股東支付任何股息,我們推斷該公司一直在將其所有利潤再投資以發展其業務。

Conclusion

結論

In total, it does look like Thermon Group Holdings has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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.

總的來說,Thermon Group Holdings的業務看起來確實有一些積極的方面。儘管回報率很低,但該公司將其利潤的很大一部分再投資於業務這一事實無疑促進了其高收益增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益有望增強。這些分析師的預期是基於對該行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們分析師對公司的預測頁面。

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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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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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