<p>在查看了 freenet（ETR:FNTN）最近的表现后，很难感到兴奋，因为其股票在过去一周下跌了 1.9%。但如果你仔细观察，你可能会发现其关键财务指标看起来相当不错，这可能意味着考虑到市场通常会奖励更具韧性的长期基本面，该股票在长期内有潜在的上涨空间。特别是，今天我们将关注 freenet 的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是衡量公司如何有效地增长其价值和管理投资者资金的指标。简单来说，它衡量的是公司相对于股东权益的盈利能力。</p>
<p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前入场。</p>
<h2>如何计算股本回报率？</h2>
<p><strong>ROE 可以通过以下公式计算：</strong></p>
<p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
<p>因此，根据上述公式，freenet 的 ROE 为：</p>
<p>19% = €259m ÷ €1.4b（基于截至 2025 年 6 月的过去十二个月）。</p>
<p>“回报” 是过去十二个月的利润。这意味着，对于每 €1 的股东投资，公司产生了 €0.19 的利润。</p>
<p>查看我们对 freenet 的最新分析</p>
<h2>ROE 与盈利增长有什么关系？</h2>
<p>我们已经确定 ROE 是衡量公司未来盈利的有效利润生成指标。根据公司选择再投资或 “保留” 的利润比例，我们能够评估公司未来产生利润的能力。假设其他条件不变，ROE 和利润保留越高，公司相对于不具备这些特征的公司，其增长率就越高。</p>
<h2>freenet 的盈利增长和 19% ROE</h2>
<p>乍一看，freenet 的 ROE 看起来相当不错。此外，该公司的 ROE 与行业平均水平 9.3% 相比相当有利。可能正因如此，freenet 在过去五年中实现了 10% 的可观增长。</p>
<p>考虑到行业盈利在同一五年期间以 6.7% 的速度缩减，该公司的净收入增长相当显著。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/884249-past-earnings-growth-1-dark-2/1757564471584?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/884249-past-earnings-growth-1-dark-2/1757564471584"/></p>
<p>XTRA:FNTN 过去的盈利增长 2025 年 9 月 11 日</p>
<p>对公司的估值在很大程度上与其盈利增长相关。投资者接下来需要确定的是，预期的盈利增长或缺乏盈利增长是否已经反映在股价中。这将帮助他们判断该股票的未来是光明还是黯淡。freenet 相较于其他公司是否被合理估值？这 3 个估值指标可能会帮助你做出决定。</p>
<h2>freenet 是否有效地再投资其利润？</h2>
<p>freenet 的三年中位派息比率高达 116%，这表明公司向股东支付的金额超过了其盈利。尽管如此，该公司的盈利仍然增长得相当可观。如果公司出于某种原因遇到问题，业务恶化，仍然值得关注这个高派息比率。</p>
<p>此外，freenet 至少已经支付了十年以上的股息。这表明公司致力于与股东分享利润。我们最新的分析师数据表明，预计未来三年公司的派息比率将降至 88%。然而，尽管预计派息比率降低，公司的 ROE 预计变化不大。</p>
<h2>结论</h2>
<p>总体而言，我们认为 freenet 确实有一些积极因素值得考虑。尤其是盈利的增长得到了令人印象深刻的 ROE 的支持。不过，如果公司能再投资更多的利润，高 ROE 对投资者来说可能会更有利。如前所述，目前的再投资率似乎微不足道。话虽如此，预计公司的盈利增长将放缓，正如当前分析师的预测所示。想要了解更多关于公司未来盈利增长预测的信息，请查看这份关于公司分析师预测的 <strong>免费</strong> 报告。</p>

FNTN

<p>Freenet AG 的股票最近下跌了 1.9%，但其基本面，特别是 19% 的股本回报率（ROE），表明其长期增长潜力。该公司的 ROE 显著高于行业平均水平的 9.3%，尽管行业出现下滑，但过去五年仍实现了 10% 的盈利增长。然而，高达 116% 的派息比率表明其向股东支付的金额超过了其盈利。分析师预计在未来三年内派息比率将降至 88%，但盈利增长可能会放缓。总体而言，Freenet 展现出积极因素，但需要改善利润再投资</p>

<p>It is hard to get excited after looking at freenet's (ETR:FNTN) recent performance, when its stock has declined 1.9% over the past week. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Particularly, we will be paying attention to freenet's ROE today.</p>
<div class="lb-trans"><p>在查看了 freenet（ETR:FNTN）最近的表现后，很难感到兴奋，因为其股票在过去一周下跌了 1.9%。但如果你仔细观察，你可能会发现其关键财务指标看起来相当不错，这可能意味着考虑到市场通常会奖励更具韧性的长期基本面，该股票在长期内有潜在的上涨空间。特别是，今天我们将关注 freenet 的股本回报率（ROE）。</p>
</div><p>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.</p>
<div class="lb-trans"><p>股本回报率（ROE）是衡量公司如何有效地增长其价值和管理投资者资金的指标。简单来说，它衡量的是公司相对于股东权益的盈利能力。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前入场。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何计算股本回报率？</h2>
</div><p><strong>ROE can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>ROE 可以通过以下公式计算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
</div><p>So, based on the above formula, the ROE for freenet is:</p>
<div class="lb-trans"><p>因此，根据上述公式，freenet 的 ROE 为：</p>
</div><p>19% = €259m ÷ €1.4b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>19% = €259m ÷ €1.4b（基于截至 2025 年 6 月的过去十二个月）。</p>
</div><p>The 'return' is the profit over the last twelve months. So, this means that for every €1 of its shareholder's investments, the company generates a profit of €0.19.</p>
<div class="lb-trans"><p>“回报” 是过去十二个月的利润。这意味着，对于每 €1 的股东投资，公司产生了 €0.19 的利润。</p>
</div><p>View our latest analysis for freenet</p>
<div class="lb-trans"><p>查看我们对 freenet 的最新分析</p>
</div><h2>What Has ROE Got To Do With Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 与盈利增长有什么关系？</h2>
</div><p>We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or &#34;retain&#34;, 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.</p>
<div class="lb-trans"><p>我们已经确定 ROE 是衡量公司未来盈利的有效利润生成指标。根据公司选择再投资或 “保留” 的利润比例，我们能够评估公司未来产生利润的能力。假设其他条件不变，ROE 和利润保留越高，公司相对于不具备这些特征的公司，其增长率就越高。</p>
</div><h2>freenet's Earnings Growth And 19% ROE</h2>
<div class="lb-trans"><h2>freenet 的盈利增长和 19% ROE</h2>
</div><p>At first glance, freenet seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 9.3%. Probably as a result of this, freenet was able to see a decent growth of 10% over the last five years.</p>
<div class="lb-trans"><p>乍一看，freenet 的 ROE 看起来相当不错。此外，该公司的 ROE 与行业平均水平 9.3% 相比相当有利。可能正因如此，freenet 在过去五年中实现了 10% 的可观增长。</p>
</div><p>When you consider the fact that the industry earnings have shrunk at a rate of 6.7% in the same 5-year period, the company's net income growth is pretty remarkable.</p>
<div class="lb-trans"><p>考虑到行业盈利在同一五年期间以 6.7% 的速度缩减，该公司的净收入增长相当显著。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/884249-past-earnings-growth-1-dark-2/1757564471584" alt="" original-src="https://images.simplywall.st/asset/chart/884249-past-earnings-growth-1-dark-2/1757564471584"/></p>
<p>XTRA:FNTN Past Earnings Growth September 11th 2025</p>
<div class="lb-trans"><p>XTRA:FNTN 过去的盈利增长 2025 年 9 月 11 日</p>
</div><p>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. This then helps them determine if the stock is placed for a bright or bleak future. Is freenet fairly valued compared to other companies? These 3 valuation measures might help you decide.</p>
<div class="lb-trans"><p>对公司的估值在很大程度上与其盈利增长相关。投资者接下来需要确定的是，预期的盈利增长或缺乏盈利增长是否已经反映在股价中。这将帮助他们判断该股票的未来是光明还是黯淡。freenet 相较于其他公司是否被合理估值？这 3 个估值指标可能会帮助你做出决定。</p>
</div><h2>Is freenet Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>freenet 是否有效地再投资其利润？</h2>
</div><p>freenet's high three-year median payout ratio of 116% suggests that the company is paying out more to its shareholders than what it is making. Still the company's earnings have grown respectably. It would still be worth keeping an eye on that high payout ratio, if for some reason the company runs into problems and business deteriorates.</p>
<div class="lb-trans"><p>freenet 的三年中位派息比率高达 116%，这表明公司向股东支付的金额超过了其盈利。尽管如此，该公司的盈利仍然增长得相当可观。如果公司出于某种原因遇到问题，业务恶化，仍然值得关注这个高派息比率。</p>
</div><p>Besides, freenet has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 88% over the next three years. However, the company's ROE is not expected to change by much despite the lower expected payout ratio.</p>
<div class="lb-trans"><p>此外，freenet 至少已经支付了十年以上的股息。这表明公司致力于与股东分享利润。我们最新的分析师数据表明，预计未来三年公司的派息比率将降至 88%。然而，尽管预计派息比率降低，公司的 ROE 预计变化不大。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>Overall, we feel that freenet certainly does have some positive factors to consider. Especially the growth in earnings which was backed by an impressive ROE. Still, the high ROE could have been even more beneficial to investors had the company been reinvesting more of its profits. As highlighted earlier, the current reinvestment rate appears to be negligible. 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 company's future earnings growth forecasts take a look at this <strong>free</strong> report on analyst forecasts for the company to find out more.</p>
<div class="lb-trans"><p>总体而言，我们认为 freenet 确实有一些积极因素值得考虑。尤其是盈利的增长得到了令人印象深刻的 ROE 的支持。不过，如果公司能再投资更多的利润，高 ROE 对投资者来说可能会更有利。如前所述，目前的再投资率似乎微不足道。话虽如此，预计公司的盈利增长将放缓，正如当前分析师的预测所示。想要了解更多关于公司未来盈利增长预测的信息，请查看这份关于公司分析师预测的 <strong>免费</strong> 报告。</p>
</div>

freenet AG (ETR:FNTN) 的股价一直在下滑，但其基本面表现尚可：未来市场会调整其股价吗？