Latest news with #sharemarket
ABC News
15 hours ago
- Business
- ABC News
Markets live: ASX to drop at open, oil prices rise as Israel continues strikes on Iran
The Australian share market is set to fall when trading begins. Wall Street was closed overnight due to the Juneteenth public holiday. Meanwhile, oil prices rose 3 per cent as Donald Trump considered a US attack on Iran "within the next two weeks". Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.
ABC News
3 days ago
- Business
- ABC News
Markets live updates: ASX to fall, Donald Trump's threats against Iran send oil prices surging
The Australian share market is likely to fall in morning trade after Donald Trump left the G7 summit early and said the US would not kill Iran's supreme leader "for now". This added uncertainty led to significant falls for the Australian dollar, Wall Street and European markets, while oil prices jumped. See how the trading day unfolds on our blog. Disclaimer: this blog is not intended as investment advice.
Yahoo
11-06-2025
- Business
- Yahoo
Is Tasmea Limited's (ASX:TEA) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Tasmea (ASX:TEA) has had a great run on the share market with its stock up by a significant 16% over the last three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Tasmea's ROE in this article. 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. Simply put, it is used to assess the profitability of a company in relation to its equity capital. 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. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Tasmea is: 25% = AU$43m ÷ AU$169m (Based on the trailing twelve months to December 2024). The 'return' is the income the business earned over the last year. That means that for every A$1 worth of shareholders' equity, the company generated A$0.25 in profit. Check out our latest analysis for Tasmea So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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. First thing first, we like that Tasmea has an impressive ROE. Secondly, even when compared to the industry average of 15% the company's ROE is quite impressive. So, the substantial 40% net income growth seen by Tasmea over the past five years isn't overly surprising. We then compared Tasmea's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 26% in the same 5-year period. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Tasmea is trading on a high P/E or a low P/E, relative to its industry. The three-year median payout ratio for Tasmea is 36%, which is moderately low. The company is retaining the remaining 64%. So it seems that Tasmea is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered. Along with seeing a growth in earnings, Tasmea only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 40% 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 29%. Overall, we are quite pleased with Tasmea's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
ABC News
05-06-2025
- Business
- ABC News
Live: ASX set to slip after Trump-Musk feud triggers sell-off on Wall Street
The Australian share market is in for a lacklustre start after closing flat on Thursday. The Aussie dollar is sitting around 65 US cents. A very public spat between Donald Trump and Elon Musk has sent shockwaves through financial markets, overshadowing trade diplomacy and fuelling a late-session sell-off on Wall Street. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.
ABC News
05-06-2025
- Business
- ABC News
ASX slips from a near-record high, Trump trade uncertainty weighs on US dollar
Skip to main content The Australian share market fell slightly, after nearing record high levels. Donald Trump's erratic trade policies have led to a continued fall in the US dollar's global reserve status and the biggest slowdown in US private sector hiring in two years, as finance presenter David Chau explains.
