<p>UCB（EBR:UCB）的股票在过去一周上涨了相当可观的 8.8%。众所周知，基本面通常是指导市场价格长期波动的因素，因此我们决定今天查看公司的关键财务指标，以确定它们在最近的价格波动中是否发挥了作用。在本文中，我们决定重点关注 UCB 的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是评估公司如何有效地利用股东投资产生回报的有用工具。换句话说，它揭示了公司将股东投资转化为利润的成功程度。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<h2>ROE 是如何计算的？</h2>
<p><strong>ROE 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，UCB 的 ROE 为：</p>
<p>14% = €1.3b ÷ €9.7b（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。换句话说，对于每€1 的股本，公司能够赚取€0.14 的利润。</p>
<p>查看我们对 UCB 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 衡量了公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 的利润多少，以便为未来的增长提供想法，这样就能让我们了解公司的增长潜力。假设其他条件不变，ROE 和利润保留越高，公司的增长率就越高，相较于那些不一定具备这些特征的公司。</p>
<h2>UCB 的盈利增长和 14% 的 ROE</h2>
<p>首先，UCB 似乎拥有一个可观的 ROE。即使与行业平均水平 13% 相比，该公司的 ROE 看起来也相当不错。然而，我们好奇的是，UCB 的可观回报为何在过去五年中仍导致平稳的增长。因此，可能还有其他因素阻碍了公司的增长。例如，可能是公司有较高的派息比率，或者业务资本配置不当等。</p>
<p>接下来，在与行业净收入增长进行比较时，我们发现该行业在过去几年中盈利增长了 9.9%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874491-past-earnings-growth-1-dark-2/1768190733479?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1642" height="668" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874491-past-earnings-growth-1-dark-2/1768190733479"/></p>
<p>ENXTBR:UCB 过去的盈利增长 2026 年 1 月 12 日</p>
<p>对公司的估值在很大程度上与其盈利增长相关。投资者了解市场是否已经考虑了公司的预期盈利增长（或下降）是很重要的。通过这样做，他们将能够判断股票是走向一片晴朗的水域，还是面临泥泞的水域。UCB 与其他公司相比是否被合理估值？这三项估值指标可能会帮助你做出决定。</p>
<h2>UCB 是否有效利用其利润？</h2>
<p>UCB 的三年中位派息比率高达 60%（或保留比率为 40%），这意味着公司将大部分利润作为股息支付给股东。这在一定程度上解释了为什么其盈利没有增长。</p>
<p>此外，UCB 在至少十年的时间里一直在支付股息，这表明保持股息支付对管理层来说比业务增长更为重要。我们最新的分析师数据表明，预计公司未来三年的派息比率将降至 12%。尽管如此，尽管预计派息比率降低，公司的 ROE 预计不会有太大变化。</p>
<h2>总结</h2>
<p>总体而言，我们认为 UCB 确实有一些积极因素值得考虑。尽管如此，我们对看到盈利缺乏增长感到失望，即使 ROE 很高。请记住，公司只再投资了其利润的一小部分，这意味着投资者并没有享受到高回报率的好处。尽管如此，最新的行业分析师预测显示，分析师们预计公司的盈利增长率将有巨大的改善。要了解更多关于公司最新分析师预测的信息，请查看此可视化的分析师预测。</p>

UCBJY

<p>UCB S.A.的股票在过去一周上涨了 8.8%，这得益于其 14% 的股本回报率（ROE），高于行业平均水平的 13%。然而，尽管这个 ROE 相当可观，UCB 在过去五年中经历了平稳的盈利增长，这归因于 60% 的高派息比率。该公司优先考虑分红支付而非再投资，从而限制了增长潜力。分析师预测盈利增长将有所改善，预计未来派息比率将降至 12%。总体而言，尽管 UCB 显示出积极的财务指标，但其增长仍然令人担忧</p>

<p>UCB's (EBR:UCB) stock is up by a considerable 8.8% over the past week. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on UCB's ROE.</p>
<div class="lb-trans"><p>UCB（EBR:UCB）的股票在过去一周上涨了相当可观的 8.8%。众所周知，基本面通常是指导市场价格长期波动的因素，因此我们决定今天查看公司的关键财务指标，以确定它们在最近的价格波动中是否发挥了作用。在本文中，我们决定重点关注 UCB 的股本回报率（ROE）。</p>
</div><p>ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.</p>
<div class="lb-trans"><p>股本回报率（ROE）是评估公司如何有效地利用股东投资产生回报的有用工具。换句话说，它揭示了公司将股东投资转化为利润的成功程度。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</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</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 UCB is:</p>
<div class="lb-trans"><p>因此，根据上述公式，UCB 的 ROE 为：</p>
</div><p>14% = €1.3b ÷ €9.7b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>14% = €1.3b ÷ €9.7b（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. Another way to think of that is that for every €1 worth of equity, the company was able to earn €0.14 in profit.</p>
<div class="lb-trans"><p>“回报” 是过去十二个月的利润。换句话说，对于每€1 的股本，公司能够赚取€0.14 的利润。</p>
</div><p>View our latest analysis for UCB</p>
<div class="lb-trans"><p>查看我们对 UCB 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. We now need to evaluate how much profit the company reinvests or &#34;retains&#34; for future growth which then gives us an idea about the growth potential of the company. 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>到目前为止，我们了解到 ROE 衡量了公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 的利润多少，以便为未来的增长提供想法，这样就能让我们了解公司的增长潜力。假设其他条件不变，ROE 和利润保留越高，公司的增长率就越高，相较于那些不一定具备这些特征的公司。</p>
</div><h2>UCB's Earnings Growth And 14% ROE</h2>
<div class="lb-trans"><h2>UCB 的盈利增长和 14% 的 ROE</h2>
</div><p>To begin with, UCB seems to have a respectable ROE. Even when compared to the industry average of 13% the company's ROE looks quite decent. However, we are curious as to how UCB's decent returns still resulted in flat growth for UCB in the past five years. So, there could be some other aspects that could potentially be preventing the company from growing. For example, it could be that the company has a high payout ratio or the business has allocated capital poorly, for instance.</p>
<div class="lb-trans"><p>首先，UCB 似乎拥有一个可观的 ROE。即使与行业平均水平 13% 相比，该公司的 ROE 看起来也相当不错。然而，我们好奇的是，UCB 的可观回报为何在过去五年中仍导致平稳的增长。因此，可能还有其他因素阻碍了公司的增长。例如，可能是公司有较高的派息比率，或者业务资本配置不当等。</p>
</div><p>Next, on comparing with the industry net income growth, we found that the industry grew its earnings by 9.9% over the last few years.</p>
<div class="lb-trans"><p>接下来，在与行业净收入增长进行比较时，我们发现该行业在过去几年中盈利增长了 9.9%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874491-past-earnings-growth-1-dark-2/1768190733479" alt="" original-src="https://images.simplywall.st/asset/chart/874491-past-earnings-growth-1-dark-2/1768190733479"/></p>
<p>ENXTBR:UCB Past Earnings Growth January 12th 2026</p>
<div class="lb-trans"><p>ENXTBR:UCB 过去的盈利增长 2026 年 1 月 12 日</p>
</div><p>The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is UCB 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。投资者了解市场是否已经考虑了公司的预期盈利增长（或下降）是很重要的。通过这样做，他们将能够判断股票是走向一片晴朗的水域，还是面临泥泞的水域。UCB 与其他公司相比是否被合理估值？这三项估值指标可能会帮助你做出决定。</p>
</div><h2>Is UCB Making Efficient Use Of Its Profits?</h2>
<div class="lb-trans"><h2>UCB 是否有效利用其利润？</h2>
</div><p>UCB has a high three-year median payout ratio of 60% (or a retention ratio of 40%), meaning that the company is paying most of its profits as dividends to its shareholders. This does go some way in explaining why there's been no growth in its earnings.</p>
<div class="lb-trans"><p>UCB 的三年中位派息比率高达 60%（或保留比率为 40%），这意味着公司将大部分利润作为股息支付给股东。这在一定程度上解释了为什么其盈利没有增长。</p>
</div><p>In addition, UCB has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 12% over the next three years. Regardless, the ROE is not expected to change much for the company despite the lower expected payout ratio.</p>
<div class="lb-trans"><p>此外，UCB 在至少十年的时间里一直在支付股息，这表明保持股息支付对管理层来说比业务增长更为重要。我们最新的分析师数据表明，预计公司未来三年的派息比率将降至 12%。尽管如此，尽管预计派息比率降低，公司的 ROE 预计不会有太大变化。</p>
</div><h2>Summary</h2>
<div class="lb-trans"><h2>总结</h2>
</div><p>Overall, we feel that UCB certainly does have some positive factors to consider. Although, we are disappointed to see a lack of growth in earnings even in spite of a high ROE. Bear in mind, the company reinvests a small portion of its profits, which means that investors aren't reaping the benefits of the high rate of return. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. 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>总体而言，我们认为 UCB 确实有一些积极因素值得考虑。尽管如此，我们对看到盈利缺乏增长感到失望，即使 ROE 很高。请记住，公司只再投资了其利润的一小部分，这意味着投资者并没有享受到高回报率的好处。尽管如此，最新的行业分析师预测显示，分析师们预计公司的盈利增长率将有巨大的改善。要了解更多关于公司最新分析师预测的信息，请查看此可视化的分析师预测。</p>
</div>

UCB S.A.（EBR:UCB）的股票表现强劲：财务状况是否在其中发挥了作用？