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Ramaco Resources, Inc.'s (NASDAQ:METC) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Ramaco Resources, Inc.'s (NASDAQ:METC) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Ramaco Resources, Inc.”s(納斯達克股票代碼:METC)股票一直在下滑但基本面看起來很強勁:市場錯了嗎?
Simply Wall St ·  04/06 10:58

With its stock down 22% over the past three months, it is easy to disregard Ramaco Resources (NASDAQ:METC). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Ramaco Resources' ROE today.

由於其股票在過去三個月中下跌了22%,很容易忽視拉馬科資源(納斯達克股票代碼:METC)。但是,如果你密切關注,你可能會發現,鑑於市場通常會獎勵財務狀況良好的公司,其強勁的財務狀況可能意味着該股的長期價值可能會增加。特別是,我們今天將關注拉馬科資源的投資回報率。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

股本回報率或投資回報率是對公司增值和管理投資者資金的有效性的考驗。簡而言之,它衡量公司相對於股東權益的盈利能力。

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 Ramaco Resources is:

因此,根據上述公式,Ramaco Resources的投資回報率爲:

22% = US$82m ÷ US$370m (Based on the trailing twelve months to December 2023).

22% = 8200萬美元 ÷ 3.7億美元(基於截至2023年12月的過去十二個月)。

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 $0.22 in profit.

“回報” 是指公司去年的收益。這意味着,每獲得價值1美元的股東權益,該公司就會產生0.22美元的利潤。

What Is The Relationship Between ROE And Earnings Growth?

投資回報率與收益增長之間有什麼關係?

So far, we've learned that ROE is a measure of a company's profitability. 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 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.

到目前爲止,我們已經了解到,投資回報率是衡量公司盈利能力的指標。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。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。

Ramaco Resources' Earnings Growth And 22% ROE

Ramaco Resources 的收益增長和 22% 的投資回報率

At first glance, Ramaco Resources seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 10.0%. This probably laid the ground for Ramaco Resources' significant 40% net income growth seen over the past five years. However, there could also be other causes behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.

乍一看,Ramaco Resources的投資回報率似乎不錯。此外,該公司的投資回報率與行業平均水平的10.0%相比相當不錯。這可能爲Ramaco Resources在過去五年中實現40%的顯著淨收入增長奠定了基礎。但是,這種增長背後可能還有其他原因。例如,該公司的派息率很低或管理得很高效。

We then compared Ramaco Resources' 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 23% in the same 5-year period.

然後,我們將Ramaco Resources的淨收入增長與該行業進行了比較,我們很高興地看到,與同期同期增長率爲23%的行業相比,該公司的增長數字更高。

past-earnings-growth
NasdaqGS:METC Past Earnings Growth April 6th 2024
納斯達克GS:METC過去的收益增長 2024年4月6日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for METC? You can find out in our latest intrinsic value infographic research report.

爲公司附加價值的基礎在很大程度上與其收益增長息息相關。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。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。市場對METC的未來展望進行了定價嗎?你可以在我們最新的內在價值信息圖研究報告中找到答案。

Is Ramaco Resources Efficiently Re-investing Its Profits?

Ramaco Resources 是否有效地將其利潤再投資?

Ramaco Resources' ' three-year median payout ratio is on the lower side at 19% implying that it is retaining a higher percentage (81%) of its profits. So it looks like Ramaco Resources is reinvesting profits heavily to grow its business, which shows in its earnings growth.

Ramaco Resources的三年派息率中位數處於較低水平,爲19%,這意味着它保留了更高的利潤百分比(81%)。因此,看來Ramaco Resources正在大量再投資利潤以發展其業務,這體現在其收益增長上。

While Ramaco Resources has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 36% over the next three years. Accordingly, the expected increase in the payout ratio explains the expected decline in the company's ROE to 6.9%, over the same period.

儘管Ramaco Resources一直在增加收益,但它直到最近才開始派發股息,這可能意味着該公司決定通過分紅給新老股東留下深刻的印象。從目前的分析師共識數據來看,我們可以看出,該公司的未來派息率預計將在未來三年內升至36%。因此,派息率的預期增長解釋了該公司同期的投資回報率預計將下降至6.9%。

Summary

摘要

On the whole, we feel that Ramaco Resources' performance has been quite good. 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. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

總的來說,我們認爲Ramaco Resources的表現相當不錯。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這爲其收益帶來了可觀的增長。話雖如此,在研究最新的分析師預測時,我們發現,儘管該公司過去的收益有所增長,但分析師預計其未來收益將萎縮。要詳細了解分析師對公司的最新預測,請查看該公司的分析師預測的可視化。

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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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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。

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