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Weibo Corporation's (NASDAQ:WB) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

微博公司（纳斯达克代码:WB）的股票呈上升趋势:强劲的财务指标是否在引导市场？

Simply Wall St.2020-08-29 02:00

2020-08-29 02:00 北京时间 Simply Wall St.

Most readers would already be aware that Weibo's (NASDAQ:WB) stock increased significantly by 18% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Weibo's ROE today.

鉴于市场长期看好强劲的金融类股，我们不知道这种情况是否如此。今天我们特别关注微博的净资产收益率。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

净资产收益率或ROE是对一家公司增值和管理投资者资金的有效程度的测试。换句话说，它是一个盈利性比率，用来衡量公司股东提供的资本的回报率。

View our latest analysis for Weibo

查看微博最新分析

How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

如何计算净资产收益率？

ROE可通过以下公式计算:

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

净资产收益率=（持续经营净利润）÷股东权益

So, based on the above formula, the ROE for Weibo is:

那么，基于上述公式，微博的ROE为:

17% = US$394m ÷ US$2.3b (Based on the trailing twelve months to March 2020).

17%=3.94亿美元÷23亿美元（基于截至2020年3月的后12个月）。

The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.17 in profit.

“回报”是指企业在过去一年中获得的收入。从另一个角度来看，公司每持有价值1美元的股权，就能获得0.17美元的利润。

What Has ROE Got To Do With Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

净资产收益率与收益增长有什么关系？

我们已经确定，ROE是衡量公司未来收益的一个有效的盈利指标。根据公司再投资或“保留”这些利润的多少，以及它这样做的有效性，我们就能够评估一家公司的盈利增长潜力。一般说来，在其他条件相同的情况下，拥有高股本回报率和利润留存的公司比没有这些特征的公司具有更高的增长率。

Weibo's Earnings Growth And 17% ROE

At first glance, Weibo seems to have a decent ROE. Even when compared to the industry average of 15% the company's ROE looks quite decent. This certainly adds some context to Weibo's exceptional 48% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.

微博的收益增长和17%ROE

乍一看，微博的ROE似乎还不错。即使与15%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。这无疑为微博在过去五年中48%的净收入增长增添了一些背景。我们认为还有其他因素在起作用。例如-高收入保留率或有效的管理到位。

As a next step, we compared Weibo's 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 30%.

作为下一步，我们将微博的净收入增长与行业进行了比较，令人高兴的是，我们发现公司看到的增长高于30%的行业平均增长。

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for WB? You can find out in our latest intrinsic value infographic research report.

收益增长是给股票估值时要考虑的一个重要指标。投资者应设法确定预期收益的增长或下降（无论在何种情况下）是否已计入价格。这将帮助他们确定股票的前景是光明的还是黯淡的。市场是否已考虑到WB的未来前景？您可以在我们最新的内在价值信息图研究报告中一探究竟。

Is Weibo Making Efficient Use Of Its Profits?

Given that Weibo doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.

微博是否在高效利用自己的利润？

鉴于微博不向股东支付任何股息，我们推断该公司一直在将所有利润再投资于业务增长。

Conclusion

In total, we are pretty happy with Weibo's performance. 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. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

结论

总的来说，我们对微博的表现相当满意。具体地说，我们喜欢该公司将其利润的一大块以高回报率进行再投资。这当然使该公司的收益出现了大幅增长。尽管如此，一项对分析师最新预测的研究显示，预计该公司未来收益增长将放缓。要知道更多关于公司未来的收益增长预测，看看这个免费报告的分析师预测，为公司找到更多。