Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance
Has ITV plc's (LON:ITV) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Most readers would already be aware that ITV's (LON:ITV) stock increased significantly by 22% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to ITV's ROE today.
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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
Check out our latest analysis for ITV