<p>大多数读者可能已经知道，Safran（EPA:SAF）的股票在过去三个月上涨了 3.4%。考虑到市场在长期内奖励强劲的财务表现，我们想知道这是否适用于本例。具体来说，我们决定在本文中研究 Safran 的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是评估公司管理层如何有效利用公司资本的关键指标。简而言之，ROE 显示每一美元相对于股东投资所产生的利润。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<h2>如何计算股本回报率？</h2>
<p><strong>股本回报率的公式</strong> 是：</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，Safran 的 ROE 为：</p>
<p>32% = €44 亿 ÷ €140 亿（基于截至 2025 年 6 月的过去十二个月）。</p>
<p>“回报” 是企业在过去一年中赚取的收入。换句话说，对于每€1 的股本，公司能够赚取€0.32 的利润。</p>
<p>查看我们对 Safran 的最新分析</p>
<h2>为什么 ROE 对盈利增长重要？</h2>
<p>到目前为止，我们了解到 ROE 衡量公司产生利润的效率。根据公司再投资或 “保留” 这些利润的多少，以及其有效性，我们能够评估公司的盈利增长潜力。一般来说，其他条件相同，具有高股本回报率和利润保留的公司，其增长率高于不具备这些特征的公司。</p>
<h2>Safran 的盈利增长和 32% 的 ROE</h2>
<p>首先，我们喜欢 Safran 的 ROE 表现令人印象深刻。此外，该公司的 ROE 高于行业平均水平的 13%，这相当显著。在这种情况下，Safran 五年净收入增长 27% 是可以预期的。</p>
<p>作为下一步，我们将 Safran 的净收入增长与行业进行了比较，发现该公司的增长数字与同期行业平均增长率 27% 相似。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874864-past-earnings-growth-1-dark-2/1763711128890?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/874864-past-earnings-growth-1-dark-2/1763711128890"/></p>
<p>ENXTPA:SAF 过去的盈利增长 2025 年 11 月 21 日</p>
<p>盈利增长是股票估值的一个重要因素。投资者需要了解市场是否已经考虑了公司的预期盈利增长（或下降）。这有助于他们判断股票的未来是光明还是黯淡。与其他公司相比，Safran 的估值是否合理？这三项估值指标可能会帮助您做出决定。</p>
<h2>Safran 是否有效地再投资其利润？</h2>
<p>Safran 的三年中位派息比率为 27%，这相对较低。公司保留了剩余的 73%。这表明其股息得到了很好的覆盖，并且考虑到我们上面讨论的高增长，Safran 似乎在有效地再投资其收益。</p>
<p>此外，Safran 已经支付股息至少十年或更长时间。这表明公司致力于与股东分享利润。在研究最新的分析师共识数据时，我们发现公司未来的派息比率预计将在未来三年内上升至 39%。尽管如此，尽管预计派息比率提高，公司的 ROE 预计不会有太大变化。</p>
<h2>结论</h2>
<p>总的来说，我们对 Safran 的表现感到相当满意。特别是看到公司在其业务上进行大量投资，并且高回报率导致其盈利大幅增长，这一点非常好。尽管如此，公司的盈利增长预计将放缓，正如当前分析师的预测所预示的。要了解更多关于公司最新的分析师预测，请查看此可视化的分析师预测。</p>

SAFRY

<p>Safran SA 的股票在过去三个月上涨了 3.4%，这可能与其强劲的财务基本面有关。该公司的净资产收益率（ROE）为 32%，显著高于行业平均水平的 13%，这也促成了五年来 27% 的净收入增长。Safran 保留了 73% 的收益，表明其再投资效率高。尽管预计分红比例将上升，但 ROE 预计将保持稳定。分析师预测盈利增长将放缓，但公司的财务健康状况依然稳健</p>

<p>Most readers would already know that Safran's (EPA:SAF) stock increased by 3.4% 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. Specifically, we decided to study Safran's ROE in this article.</p>
<div class="lb-trans"><p>大多数读者可能已经知道，Safran（EPA:SAF）的股票在过去三个月上涨了 3.4%。考虑到市场在长期内奖励强劲的财务表现，我们想知道这是否适用于本例。具体来说，我们决定在本文中研究 Safran 的股本回报率（ROE）。</p>
</div><p>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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.</p>
<div class="lb-trans"><p>股本回报率（ROE）是评估公司管理层如何有效利用公司资本的关键指标。简而言之，ROE 显示每一美元相对于股东投资所产生的利润。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><h2>How To Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何计算股本回报率？</h2>
</div><p>The <strong>formula for return on equity</strong> is:</p>
<div class="lb-trans"><p><strong>股本回报率的公式</strong> 是：</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 Safran is:</p>
<div class="lb-trans"><p>因此，根据上述公式，Safran 的 ROE 为：</p>
</div><p>32% = €4.4b ÷ €14b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>32% = €44 亿 ÷ €140 亿（基于截至 2025 年 6 月的过去十二个月）。</p>
</div><p>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 €0.32 in profit.</p>
<div class="lb-trans"><p>“回报” 是企业在过去一年中赚取的收入。换句话说，对于每€1 的股本，公司能够赚取€0.32 的利润。</p>
</div><p>View our latest analysis for Safran</p>
<div class="lb-trans"><p>查看我们对 Safran 的最新分析</p>
</div><h2>Why Is ROE Important For Earnings Growth?</h2>
<div class="lb-trans"><h2>为什么 ROE 对盈利增长重要？</h2>
</div><p>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 &#34;retains&#34;, 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.</p>
<div class="lb-trans"><p>到目前为止，我们了解到 ROE 衡量公司产生利润的效率。根据公司再投资或 “保留” 这些利润的多少，以及其有效性，我们能够评估公司的盈利增长潜力。一般来说，其他条件相同，具有高股本回报率和利润保留的公司，其增长率高于不具备这些特征的公司。</p>
</div><h2>Safran's Earnings Growth And 32% ROE</h2>
<div class="lb-trans"><h2>Safran 的盈利增长和 32% 的 ROE</h2>
</div><p>First thing first, we like that Safran has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 13% which is quite remarkable. Under the circumstances, Safran's considerable five year net income growth of 27% was to be expected.</p>
<div class="lb-trans"><p>首先，我们喜欢 Safran 的 ROE 表现令人印象深刻。此外，该公司的 ROE 高于行业平均水平的 13%，这相当显著。在这种情况下，Safran 五年净收入增长 27% 是可以预期的。</p>
</div><p>As a next step, we compared Safran's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 27% in the same period.</p>
<div class="lb-trans"><p>作为下一步，我们将 Safran 的净收入增长与行业进行了比较，发现该公司的增长数字与同期行业平均增长率 27% 相似。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874864-past-earnings-growth-1-dark-2/1763711128890" alt="" original-src="https://images.simplywall.st/asset/chart/874864-past-earnings-growth-1-dark-2/1763711128890"/></p>
<p>ENXTPA:SAF Past Earnings Growth November 21st 2025</p>
<div class="lb-trans"><p>ENXTPA:SAF 过去的盈利增长 2025 年 11 月 21 日</p>
</div><p>Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is Safran fairly valued compared to other companies? These 3 valuation measures might help you decide.</p>
<div class="lb-trans"><p>盈利增长是股票估值的一个重要因素。投资者需要了解市场是否已经考虑了公司的预期盈利增长（或下降）。这有助于他们判断股票的未来是光明还是黯淡。与其他公司相比，Safran 的估值是否合理？这三项估值指标可能会帮助您做出决定。</p>
</div><h2>Is Safran Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>Safran 是否有效地再投资其利润？</h2>
</div><p>The three-year median payout ratio for Safran is 27%, which is moderately low. The company is retaining the remaining 73%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Safran is reinvesting its earnings efficiently.</p>
<div class="lb-trans"><p>Safran 的三年中位派息比率为 27%，这相对较低。公司保留了剩余的 73%。这表明其股息得到了很好的覆盖，并且考虑到我们上面讨论的高增长，Safran 似乎在有效地再投资其收益。</p>
</div><p>Besides, Safran has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 39% over the next three years. Regardless, the ROE is not expected to change much for the company despite the higher expected payout ratio.</p>
<div class="lb-trans"><p>此外，Safran 已经支付股息至少十年或更长时间。这表明公司致力于与股东分享利润。在研究最新的分析师共识数据时，我们发现公司未来的派息比率预计将在未来三年内上升至 39%。尽管如此，尽管预计派息比率提高，公司的 ROE 预计不会有太大变化。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>In total, we are pretty happy with Safran's 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.</p>
<div class="lb-trans"><p>总的来说，我们对 Safran 的表现感到相当满意。特别是看到公司在其业务上进行大量投资，并且高回报率导致其盈利大幅增长，这一点非常好。尽管如此，公司的盈利增长预计将放缓，正如当前分析师的预测所预示的。要了解更多关于公司最新的分析师预测，请查看此可视化的分析师预测。</p>
</div>

Safran SA（EPA:SAF）最近的股票表现看起来不错——是否因为其强劲的基本面？