Should Weakness in Hubei Mailyard Share Co.,Ltd's (SHSE:600107) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in Hubei Mailyard Share Co.,Ltd's (SHSE:600107) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
ROE can be calculated by using the formula: With its stock down 23% over the past month, it is easy to disregard Hubei Mailyard ShareLtd (SHSE:600107). However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Hubei Mailyard ShareLtd's ROE in this article.
在过去的一个月里，湖北邮电股份有限公司的股价下跌了23%，人们很容易忽视它(上证号：600107)。然而，股价通常是由公司的长期财务状况推动的，在这种情况下，财务状况看起来相当不错。具体地说，我们决定在本文中研究湖北邮电股份有限公司的净资产收益率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回报率(ROE)是用来评估公司管理层利用公司资本效率的关键指标。换句话说，这是一个衡量公司股东提供的资本回报率的盈利比率。
See our latest analysis for Hubei Mailyard ShareLtd
查看我们对湖北邮电股份有限公司的最新分析
How Is ROE Calculated?
净资产收益率是如何计算的？
ROE can be calculated by using the formula:
可使用以下公式计算净资产收益率：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Hubei Mailyard ShareLtd is:
因此，根据上述公式，湖北邮电股份有限公司的净资产收益率为：
2.4% = CN¥19m ÷ CN¥789m (Based on the trailing twelve months to March 2022).
2.4%=CN元1900万×CN元7.89亿元(以截至2022年3月的12个月为基础)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.02.
“回报”指的是一家公司过去一年的收益。因此，这意味着股东每投资1元人民币，公司就会产生0.02元的利润。
What Has ROE Got To Do With Earnings Growth?
净资产收益率与盈利增长有什么关系？
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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.
到目前为止，我们了解到净资产收益率是衡量一家公司盈利能力的指标。根据公司选择再投资或“保留”多少利润，我们就能够评估一家公司未来产生利润的能力。假设其他条件相同，与没有相同特征的公司相比，拥有更高股本回报率和更高利润保留率的公司通常会有更高的增长率。
A Side By Side comparison of Hubei Mailyard ShareLtd's Earnings Growth And 2.4% ROE
湖北邮品股份有限公司盈利增长与净资产收益率2.4%的并列比较
As you can see, Hubei Mailyard ShareLtd's ROE looks pretty weak. Even when compared to the industry average of 8.5%, the ROE figure is pretty disappointing. Despite this, surprisingly, Hubei Mailyard ShareLtd saw an exceptional 42% net income growth over the past five years. We reckon that there could be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
如你所见，湖北邮品股份有限公司的净资产收益率(ROE)看起来相当弱。即使与8.5%的行业平均水平相比，净资产收益率也是相当令人失望的。尽管如此，令人惊讶的是，湖北邮品股份有限公司在过去五年中净收入增长了42%。我们认为，可能还有其他因素在起作用。例如，公司管理层可能做出了一些良好的战略决策，或者公司的派息率较低。
As a next step, we compared Hubei Mailyard ShareLtd's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 3.4%.
下一步，我们将湖北邮电股份有限公司的净收入增长与行业进行了比较，令人欣喜的是，我们发现该公司看到的增长高于3.4%的行业平均增长。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. 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 Hubei Mailyard ShareLtd is trading on a high P/E or a low P/E, relative to its industry.
盈利增长是股票估值的一个重要因素。对于投资者来说，重要的是知道市场是否已经消化了公司预期的收益增长(或下降)。这有助于他们确定这只股票是为光明还是黯淡的未来做准备。衡量预期收益增长的一个很好的指标是市盈率，它根据一只股票的盈利前景决定市场愿意为其支付的价格。因此，你可能想看看湖北邮电股份有限公司的市盈率相对于其行业是高市盈率还是低市盈率。
Is Hubei Mailyard ShareLtd Efficiently Re-investing Its Profits?
湖北邮电股份有限公司是否有效地将利润进行了再投资？
Hubei Mailyard ShareLtd doesn't pay any dividend to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
湖北邮电股份有限公司不向股东支付任何股息，这意味着该公司一直在将所有利润再投资于该业务。这很可能是推动上述高收益增长数字的原因。
Conclusion
结论
Overall, we feel that Hubei Mailyard ShareLtd certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 3 risks we have identified for Hubei Mailyard ShareLtd by visiting our risks dashboard for free on our platform here.
总体而言，我们认为湖北邮电股份有限公司确实有一些积极的因素需要考虑。凭借高再投资率，尽管净资产收益率较低，该公司的收益实现了相当大的增长。虽然我们不会完全解雇这家公司，但我们要做的是努力确定这项业务在公司周围做出更明智的决定的风险有多大。您可以通过访问我们的网站查看我们为湖北邮电股份有限公司确定的3个风险风险控制面板在我们的平台上是免费的。
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This 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.
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这篇由《华尔街日报》撰写的文章本质上是笼统的。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。简单地说，华尔街在提到的任何股票中都没有头寸。
