<p>Nemetschek（ETR:NEM）在过去三个月经历了艰难的时光，股价下跌了 14%。然而，股票价格通常由公司的长期财务表现驱动，而在这种情况下，前景看起来相当乐观。具体来说，我们决定在本文中研究 Nemetschek 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。简单来说，它用于评估公司相对于其股本的盈利能力。</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>ROE 的公式是：</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，Nemetschek 的 ROE 为：</p>
<p>23% = €207 百万 ÷ €899 百万（基于截至 2025 年 9 月的过去十二个月）。</p>
<p>“回报” 是指过去十二个月的税后收益。换句话说，对于每€1 的股本，公司能够赚取€0.23 的利润。</p>
<p>查看我们对 Nemetschek 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 是公司盈利能力的一个衡量标准。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。假设其他条件相同，具有更高股本回报率和更高利润保留的公司通常与没有相同特征的公司相比，具有更高的增长率。</p>
<h2>Nemetschek 的盈利增长和 23% 的 ROE</h2>
<p>首先，Nemetschek 的 ROE 相当高，这很有趣。此外，与行业平均 ROE 23% 的比较也使公司的 ROE 显得相当不错。因此，看起来高 ROE 可能支持了 Nemetschek 在过去五年中温和的 12% 增长。</p>
<p>然后，我们对 Nemetschek 的净收入增长与行业进行了比较，结果显示该公司的增长与同一五年期间的行业平均增长 11% 相似。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/883072-past-earnings-growth-1-dark-2/1766381568738?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/883072-past-earnings-growth-1-dark-2/1766381568738"/></p>
<p>XTRA:NEM 过去的盈利增长 2025 年 12 月 22 日</p>
<p>盈利增长是股票估值的一个重要因素。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。这样做将帮助他们判断该股票的未来是乐观还是悲观。NEM 的估值是否合理？关于公司内在价值的信息图包含了您需要知道的一切。</p>
<h2>Nemetschek 是否有效利用其利润？</h2>
<p>Nemetschek 的三年中位派息比率为 33%，这意味着它保留了剩余 67% 的利润。这表明其股息得到了很好的覆盖，考虑到公司所见的良好增长，管理层似乎有效地再投资了其收益。</p>
<p>此外，Nemetschek 在至少十年的时间里支付了股息，这意味着公司非常重视与股东分享其利润。在研究最新的分析师共识数据时，我们发现预计公司在未来三年内将继续支付约 29% 的利润。因此，公司的未来 ROE 也预计不会有太大变化，分析师预测 ROE 为 24%。</p>
<h2>总结</h2>
<p>总体而言，我们认为 Nemetschek 的表现相当不错。具体来说，我们喜欢公司以高回报率再投资其大量利润。这当然导致公司在盈利方面实现了显著增长。话虽如此，查看当前的分析师估计，我们发现公司的盈利预计将获得动力。这些分析师的预期是基于行业的广泛预期，还是基于公司的基本面？点击这里查看我们分析师对公司的预测页面。</p>
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<p>在下一轮合同之前获取投资者简报</p>
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<p>Nemetschek（ETR:NEM）在过去三个月的股价下跌了 14%。尽管如此，该公司的财务基本面依然强劲，净资产收益率（ROE）高达 23%。该公司过去三年的中位派息比率为 33%，表明其利润再投资效率高。分析师预计该公司的盈利将逐渐增强，未来三年预测的 ROE 为 24%</p>

<p>Nemetschek (ETR:NEM) has had a rough three months with its share price down 14%. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Nemetschek's ROE in this article.</p>
<div class="lb-trans"><p>Nemetschek（ETR:NEM）在过去三个月经历了艰难的时光，股价下跌了 14%。然而，股票价格通常由公司的长期财务表现驱动，而在这种情况下，前景看起来相当乐观。具体来说，我们决定在本文中研究 Nemetschek 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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.</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。简单来说，它用于评估公司相对于其股本的盈利能力。</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 Do You 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 ROE</strong> is:</p>
<div class="lb-trans"><p><strong>ROE 的公式是：</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 Nemetschek is:</p>
<div class="lb-trans"><p>因此，根据上述公式，Nemetschek 的 ROE 为：</p>
</div><p>23% = €207m ÷ €899m (Based on the trailing twelve months to September 2025).</p>
<div class="lb-trans"><p>23% = €207 百万 ÷ €899 百万（基于截至 2025 年 9 月的过去十二个月）。</p>
</div><p>The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every €1 worth of equity, the company was able to earn €0.23 in profit.</p>
<div class="lb-trans"><p>“回报” 是指过去十二个月的税后收益。换句话说，对于每€1 的股本，公司能够赚取€0.23 的利润。</p>
</div><p>See our latest analysis for Nemetschek</p>
<div class="lb-trans"><p>查看我们对 Nemetschek 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>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 &#34;retain&#34;, 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.</p>
<div class="lb-trans"><p>到目前为止，我们了解到 ROE 是公司盈利能力的一个衡量标准。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。假设其他条件相同，具有更高股本回报率和更高利润保留的公司通常与没有相同特征的公司相比，具有更高的增长率。</p>
</div><h2>Nemetschek's Earnings Growth And 23% ROE</h2>
<div class="lb-trans"><h2>Nemetschek 的盈利增长和 23% 的 ROE</h2>
</div><p>To begin with, Nemetschek has a pretty high ROE which is interesting. Additionally, a comparison with the average industry ROE of 23% also portrays the company's ROE in a good light. Therefore, it looks like the high ROE is what probably supported Nemetschek's modest 12% growth over the past five years.</p>
<div class="lb-trans"><p>首先，Nemetschek 的 ROE 相当高，这很有趣。此外，与行业平均 ROE 23% 的比较也使公司的 ROE 显得相当不错。因此，看起来高 ROE 可能支持了 Nemetschek 在过去五年中温和的 12% 增长。</p>
</div><p>We then performed a comparison between Nemetschek's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 11% in the same 5-year period.</p>
<div class="lb-trans"><p>然后，我们对 Nemetschek 的净收入增长与行业进行了比较，结果显示该公司的增长与同一五年期间的行业平均增长 11% 相似。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/883072-past-earnings-growth-1-dark-2/1766381568738" alt="" original-src="https://images.simplywall.st/asset/chart/883072-past-earnings-growth-1-dark-2/1766381568738"/></p>
<p>XTRA:NEM Past Earnings Growth December 22nd 2025</p>
<div class="lb-trans"><p>XTRA:NEM 过去的盈利增长 2025 年 12 月 22 日</p>
</div><p>Earnings growth is a huge factor in stock valuation. 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. Is NEM fairly valued? This infographic on the company's intrinsic value has everything you need to know.</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。这样做将帮助他们判断该股票的未来是乐观还是悲观。NEM 的估值是否合理？关于公司内在价值的信息图包含了您需要知道的一切。</p>
</div><h2>Is Nemetschek Making Efficient Use Of Its Profits?</h2>
<div class="lb-trans"><h2>Nemetschek 是否有效利用其利润？</h2>
</div><p>Nemetschek has a three-year median payout ratio of 33%, which implies that it retains the remaining 67% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.</p>
<div class="lb-trans"><p>Nemetschek 的三年中位派息比率为 33%，这意味着它保留了剩余 67% 的利润。这表明其股息得到了很好的覆盖，考虑到公司所见的良好增长，管理层似乎有效地再投资了其收益。</p>
</div><p>Additionally, Nemetschek has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 29% of its profits over the next three years. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 24%.</p>
<div class="lb-trans"><p>此外，Nemetschek 在至少十年的时间里支付了股息，这意味着公司非常重视与股东分享其利润。在研究最新的分析师共识数据时，我们发现预计公司在未来三年内将继续支付约 29% 的利润。因此，公司的未来 ROE 也预计不会有太大变化，分析师预测 ROE 为 24%。</p>
</div><h2>Summary</h2>
<div class="lb-trans"><h2>总结</h2>
</div><p>On the whole, we feel that Nemetschek's performance has been quite good. 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. 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.</p>
<div class="lb-trans"><p>总体而言，我们认为 Nemetschek 的表现相当不错。具体来说，我们喜欢公司以高回报率再投资其大量利润。这当然导致公司在盈利方面实现了显著增长。话虽如此，查看当前的分析师估计，我们发现公司的盈利预计将获得动力。这些分析师的预期是基于行业的广泛预期，还是基于公司的基本面？点击这里查看我们分析师对公司的预测页面。</p>
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Nemetschek SE（ETR:NEM）的股价一直在下跌，但其基本面依然强劲：市场是否判断失误？