Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance
Associated British Foods plc's (LON:ABF) Stock Has Been Sliding But Fundamentals...
It is hard to get excited after looking at Associated British Foods' (LON:ABF) recent performance, when its stock has declined 3.3% over the past month. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Associated British Foods' ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.