<p>在查看了 freenet（ETR:FNTN）最近的表現後，很難感到興奮，因為其股票在過去一週下跌了 1.9%。但如果你仔細觀察，你可能會發現其關鍵財務指標看起來相當不錯，這可能意味着考慮到市場通常會獎勵更具韌性的長期基本面，該股票在長期內有潛在的上漲空間。特別是，今天我們將關注 freenet 的股本回報率（ROE）。</p>
<p>股本回報率（ROE）是衡量公司如何有效地增長其價值和管理投資者資金的指標。簡單來説，它衡量的是公司相對於股東權益的盈利能力。</p>
<p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前入場。</p>
<h2>如何計算股本回報率？</h2>
<p><strong>ROE 可以通過以下公式計算：</strong></p>
<p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
<p>因此，根據上述公式，freenet 的 ROE 為：</p>
<p>19% = €259m ÷ €1.4b（基於截至 2025 年 6 月的過去十二個月）。</p>
<p>“回報” 是過去十二個月的利潤。這意味着，對於每 €1 的股東投資，公司產生了 €0.19 的利潤。</p>
<p>查看我們對 freenet 的最新分析</p>
<h2>ROE 與盈利增長有什麼關係？</h2>
<p>我們已經確定 ROE 是衡量公司未來盈利的有效利潤生成指標。根據公司選擇再投資或 “保留” 的利潤比例，我們能夠評估公司未來產生利潤的能力。假設其他條件不變，ROE 和利潤保留越高，公司相對於不具備這些特徵的公司，其增長率就越高。</p>
<h2>freenet 的盈利增長和 19% ROE</h2>
<p>乍一看，freenet 的 ROE 看起來相當不錯。此外，該公司的 ROE 與行業平均水平 9.3% 相比相當有利。可能正因如此，freenet 在過去五年中實現了 10% 的可觀增長。</p>
<p>考慮到行業盈利在同一五年期間以 6.7% 的速度縮減，該公司的淨收入增長相當顯著。</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 過去的盈利增長 2025 年 9 月 11 日</p>
<p>對公司的估值在很大程度上與其盈利增長相關。投資者接下來需要確定的是，預期的盈利增長或缺乏盈利增長是否已經反映在股價中。這將幫助他們判斷該股票的未來是光明還是黯淡。freenet 相較於其他公司是否被合理估值？這 3 個估值指標可能會幫助你做出決定。</p>
<h2>freenet 是否有效地再投資其利潤？</h2>
<p>freenet 的三年中位派息比率高達 116%，這表明公司向股東支付的金額超過了其盈利。儘管如此，該公司的盈利仍然增長得相當可觀。如果公司出於某種原因遇到問題，業務惡化，仍然值得關注這個高派息比率。</p>
<p>此外，freenet 至少已經支付了十年以上的股息。這表明公司致力於與股東分享利潤。我們最新的分析師數據表明，預計未來三年公司的派息比率將降至 88%。然而，儘管預計派息比率降低，公司的 ROE 預計變化不大。</p>
<h2>結論</h2>
<p>總體而言，我們認為 freenet 確實有一些積極因素值得考慮。尤其是盈利的增長得到了令人印象深刻的 ROE 的支持。不過，如果公司能再投資更多的利潤，高 ROE 對投資者來説可能會更有利。如前所述，目前的再投資率似乎微不足道。話雖如此，預計公司的盈利增長將放緩，正如當前分析師的預測所示。想要了解更多關於公司未來盈利增長預測的信息，請查看這份關於公司分析師預測的 <strong>免費</strong> 報告。</p>

FNTN

<p>Freenet AG 的股票最近下跌了 1.9%，但其基本面，特別是 19% 的股本回報率（ROE），表明其長期增長潛力。該公司的 ROE 顯著高於行業平均水平的 9.3%，儘管行業出現下滑，但過去五年仍實現了 10% 的盈利增長。然而，高達 116% 的派息比率表明其向股東支付的金額超過了其盈利。分析師預計在未來三年內派息比率將降至 88%，但盈利增長可能會放緩。總體而言，Freenet 展現出積極因素，但需要改善利潤再投資</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）最近的表現後，很難感到興奮，因為其股票在過去一週下跌了 1.9%。但如果你仔細觀察，你可能會發現其關鍵財務指標看起來相當不錯，這可能意味着考慮到市場通常會獎勵更具韌性的長期基本面，該股票在長期內有潛在的上漲空間。特別是，今天我們將關注 freenet 的股本回報率（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>股本回報率（ROE）是衡量公司如何有效地增長其價值和管理投資者資金的指標。簡單來説，它衡量的是公司相對於股東權益的盈利能力。</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>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前入場。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何計算股本回報率？</h2>
</div><p><strong>ROE can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>ROE 可以通過以下公式計算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
</div><p>So, based on the above formula, the ROE for freenet is:</p>
<div class="lb-trans"><p>因此，根據上述公式，freenet 的 ROE 為：</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（基於截至 2025 年 6 月的過去十二個月）。</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>“回報” 是過去十二個月的利潤。這意味着，對於每 €1 的股東投資，公司產生了 €0.19 的利潤。</p>
</div><p>View our latest analysis for freenet</p>
<div class="lb-trans"><p>查看我們對 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 與盈利增長有什麼關係？</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>我們已經確定 ROE 是衡量公司未來盈利的有效利潤生成指標。根據公司選擇再投資或 “保留” 的利潤比例，我們能夠評估公司未來產生利潤的能力。假設其他條件不變，ROE 和利潤保留越高，公司相對於不具備這些特徵的公司，其增長率就越高。</p>
</div><h2>freenet's Earnings Growth And 19% ROE</h2>
<div class="lb-trans"><h2>freenet 的盈利增長和 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 看起來相當不錯。此外，該公司的 ROE 與行業平均水平 9.3% 相比相當有利。可能正因如此，freenet 在過去五年中實現了 10% 的可觀增長。</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>考慮到行業盈利在同一五年期間以 6.7% 的速度縮減，該公司的淨收入增長相當顯著。</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 過去的盈利增長 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>對公司的估值在很大程度上與其盈利增長相關。投資者接下來需要確定的是，預期的盈利增長或缺乏盈利增長是否已經反映在股價中。這將幫助他們判斷該股票的未來是光明還是黯淡。freenet 相較於其他公司是否被合理估值？這 3 個估值指標可能會幫助你做出決定。</p>
</div><h2>Is freenet Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>freenet 是否有效地再投資其利潤？</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達 116%，這表明公司向股東支付的金額超過了其盈利。儘管如此，該公司的盈利仍然增長得相當可觀。如果公司出於某種原因遇到問題，業務惡化，仍然值得關注這個高派息比率。</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 至少已經支付了十年以上的股息。這表明公司致力於與股東分享利潤。我們最新的分析師數據表明，預計未來三年公司的派息比率將降至 88%。然而，儘管預計派息比率降低，公司的 ROE 預計變化不大。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>結論</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>總體而言，我們認為 freenet 確實有一些積極因素值得考慮。尤其是盈利的增長得到了令人印象深刻的 ROE 的支持。不過，如果公司能再投資更多的利潤，高 ROE 對投資者來説可能會更有利。如前所述，目前的再投資率似乎微不足道。話雖如此，預計公司的盈利增長將放緩，正如當前分析師的預測所示。想要了解更多關於公司未來盈利增長預測的信息，請查看這份關於公司分析師預測的 <strong>免費</strong> 報告。</p>
</div>

freenet AG (ETR:FNTN) 的股價一直在下滑，但其基本面表現尚可：未來市場會調整其股價嗎？