Published on 6 May 2024 on Simply Wall St. via Yahoo Finance
Has Beiersdorf Aktiengesellschaft's (ETR:BEI) Impressive Stock Performance Got Anything to Do With...
Most readers would already be aware that Beiersdorf's (ETR:BEI) stock increased significantly by 9.8% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Beiersdorf's ROE today.
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.