<p>梅萨皇家信托基金（NYSE:MTR）在过去三个月经历了艰难的时光，股价下跌了 27%。市场可能忽视了公司的不同财务状况，选择倾向于负面情绪。股价通常由公司的长期财务表现驱动，因此我们决定更加关注公司的财务表现。在本文中，我们决定重点关注梅萨皇家信托基金的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是股东需要考虑的重要因素，因为它告诉他们资本再投资的有效性。换句话说，它是一个盈利能力比率，衡量公司股东提供的资本的回报率。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<h2>ROE 是如何计算的？</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，梅萨皇家信托基金的 ROE 为：</p>
<p>14% = 428,000 美元 ÷ 3.2 百万美元（基于截至 2025 年 9 月的过去十二个月）。</p>
<p>“回报” 是过去十二个月税后赚取的金额。因此，这意味着每投资 1 美元，公司的利润为 0.14 美元。</p>
<p>查看我们对梅萨皇家信托基金的最新分析</p>
<h2>ROE 与盈利增长有什么关系？</h2>
<p>我们已经确定 ROE 作为公司未来盈利的有效利润生成指标。根据公司再投资或 “保留” 这些利润的程度，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>梅萨皇家信托基金的盈利增长与 14% ROE</h2>
<p>乍一看，梅萨皇家信托基金似乎拥有不错的 ROE。此外，该公司的 ROE 与行业平均水平 11% 相比相当有利。然而，梅萨皇家信托基金在过去五年中仅实现了 2.2% 的微弱增长。这很有趣，因为高回报应该意味着公司有能力实现高增长，但由于某种原因，它未能做到这一点。我们认为，当回报相当高时，低增长可能是由于某些情况，例如低盈利保留或资本配置不当。</p>
<p>接下来，在与行业净收入增长进行比较时，我们发现梅萨皇家信托基金报告的增长低于行业过去几年的 24% 增长，这并不是我们希望看到的。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/288775-past-earnings-growth-1-dark-2/1766484572234?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/288775-past-earnings-growth-1-dark-2/1766484572234"/></p>
<p>NYSE:MTR 过去的盈利增长 2025 年 12 月 23 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。通过这样做，他们将能够了解股票是走向清澈的水域，还是等待着泥泞的水域。如果你想了解梅萨皇家信托基金的估值，请查看其市盈率与行业的比较。</p>
<h2>梅萨皇家信托基金是否有效地再投资其利润？</h2>
<p>梅萨皇家信托基金的三年中位派息比率高达 97%（或保留比率为 2.9%），大部分利润都支付给了股东。这无疑导致了公司盈利增长的低迷。</p>
<p>此外，梅萨皇家信托基金已经支付了至少十年以上的股息，这表明管理层必须认为股东更喜欢股息而非盈利增长。</p>
<h2>结论</h2>
<p>总体而言，我们对梅萨皇家信托基金的看法是复杂的。虽然公司确实有高回报率，但其低盈利保留可能是阻碍其盈利增长的原因。总结来说，我们对这家公司持谨慎态度，采取的一种方式是查看该业务的风险概况。要了解我们为梅萨皇家信托基金识别的 3 个风险，请访问我们的风险仪表板，免费查看。</p>
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<p>Mesa Royalty Trust (NYSE:MTR) 的股价在三个月内下跌了 27%，这可能与财务数据不一有关。尽管其股本回报率（ROE）为 14%，但其盈利增长仅为 2.2%，远低于行业平均水平的 24%。高派息比率表明利润以股息形式支付，而不是再投资，这影响了公司的增长。投资者应谨慎行事，并评估公司的风险状况</p>

<p>Mesa Royalty Trust (NYSE:MTR) has had a rough three months with its share price down 27%. It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Stock prices are usually driven by a company’s financial performance over the long term, and therefore we decided to pay more attention to the company's financial performance. In this article, we decided to focus on Mesa Royalty Trust's ROE.</p>
<div class="lb-trans"><p>梅萨皇家信托基金（NYSE:MTR）在过去三个月经历了艰难的时光，股价下跌了 27%。市场可能忽视了公司的不同财务状况，选择倾向于负面情绪。股价通常由公司的长期财务表现驱动，因此我们决定更加关注公司的财务表现。在本文中，我们决定重点关注梅萨皇家信托基金的股本回报率（ROE）。</p>
</div><p>Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.</p>
<div class="lb-trans"><p>股本回报率（ROE）是股东需要考虑的重要因素，因为它告诉他们资本再投资的有效性。换句话说，它是一个盈利能力比率，衡量公司股东提供的资本的回报率。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><h2>How Is ROE Calculated?</h2>
<div class="lb-trans"><h2>ROE 是如何计算的？</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 Mesa Royalty Trust is:</p>
<div class="lb-trans"><p>因此，根据上述公式，梅萨皇家信托基金的 ROE 为：</p>
</div><p>14% = US$428k ÷ US$3.2m (Based on the trailing twelve months to September 2025).</p>
<div class="lb-trans"><p>14% = 428,000 美元 ÷ 3.2 百万美元（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. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.14.</p>
<div class="lb-trans"><p>“回报” 是过去十二个月税后赚取的金额。因此，这意味着每投资 1 美元，公司的利润为 0.14 美元。</p>
</div><p>View our latest analysis for Mesa Royalty Trust</p>
<div class="lb-trans"><p>查看我们对梅萨皇家信托基金的最新分析</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. 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>我们已经确定 ROE 作为公司未来盈利的有效利润生成指标。根据公司再投资或 “保留” 这些利润的程度，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>Mesa Royalty Trust's Earnings Growth And 14% ROE</h2>
<div class="lb-trans"><h2>梅萨皇家信托基金的盈利增长与 14% ROE</h2>
</div><p>At first glance, Mesa Royalty Trust seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 11%. Yet, Mesa Royalty Trust has posted measly growth of 2.2% over the past five years. This is interesting as the high returns should mean that the company has the ability to generate high growth but for some reason, it hasn't been able to do so. We reckon that a low growth, when returns are quite high could be the result of certain circumstances like low earnings retention or poor allocation of capital.</p>
<div class="lb-trans"><p>乍一看，梅萨皇家信托基金似乎拥有不错的 ROE。此外，该公司的 ROE 与行业平均水平 11% 相比相当有利。然而，梅萨皇家信托基金在过去五年中仅实现了 2.2% 的微弱增长。这很有趣，因为高回报应该意味着公司有能力实现高增长，但由于某种原因，它未能做到这一点。我们认为，当回报相当高时，低增长可能是由于某些情况，例如低盈利保留或资本配置不当。</p>
</div><p>Next, on comparing with the industry net income growth, we found that Mesa Royalty Trust's reported growth was lower than the industry growth of 24% over the last few years, which is not something we like to see.</p>
<div class="lb-trans"><p>接下来，在与行业净收入增长进行比较时，我们发现梅萨皇家信托基金报告的增长低于行业过去几年的 24% 增长，这并不是我们希望看到的。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/288775-past-earnings-growth-1-dark-2/1766484572234" alt="" original-src="https://images.simplywall.st/asset/chart/288775-past-earnings-growth-1-dark-2/1766484572234"/></p>
<p>NYSE:MTR Past Earnings Growth December 23rd 2025</p>
<div class="lb-trans"><p>NYSE:MTR 过去的盈利增长 2025 年 12 月 23 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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Mesa Royalty Trust's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.</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。通过这样做，他们将能够了解股票是走向清澈的水域，还是等待着泥泞的水域。如果你想了解梅萨皇家信托基金的估值，请查看其市盈率与行业的比较。</p>
</div><h2>Is Mesa Royalty Trust Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>梅萨皇家信托基金是否有效地再投资其利润？</h2>
</div><p>With a high three-year median payout ratio of 97% (or a retention ratio of 2.9%), most of Mesa Royalty Trust's profits are being paid to shareholders. This definitely contributes to the low earnings growth seen by the company.</p>
<div class="lb-trans"><p>梅萨皇家信托基金的三年中位派息比率高达 97%（或保留比率为 2.9%），大部分利润都支付给了股东。这无疑导致了公司盈利增长的低迷。</p>
</div><p>Moreover, Mesa Royalty Trust has been paying dividends for at least ten years or more suggesting that management must have perceived that the shareholders prefer dividends over earnings growth.</p>
<div class="lb-trans"><p>此外，梅萨皇家信托基金已经支付了至少十年以上的股息，这表明管理层必须认为股东更喜欢股息而非盈利增长。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>Overall, we have mixed feelings about Mesa Royalty Trust. While the company does have a high rate of return, its low earnings retention is probably what's hampering its earnings growth. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. To know the 3 risks we have identified for Mesa Royalty Trust visit our risks dashboard for free.</p>
<div class="lb-trans"><p>总体而言，我们对梅萨皇家信托基金的看法是复杂的。虽然公司确实有高回报率，但其低盈利保留可能是阻碍其盈利增长的原因。总结来说，我们对这家公司持谨慎态度，采取的一种方式是查看该业务的风险概况。要了解我们为梅萨皇家信托基金识别的 3 个风险，请访问我们的风险仪表板，免费查看。</p>
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市场对 Mesa Royalty Trust（NYSE:MTR）的混合基本面是否容忍度低？