Guangdong Hotata Technology Group Co.,Ltd.'s (SHSE:603848) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Guangdong Hotata Technology Group Co.,Ltd.'s (SHSE:603848) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Guangdong Hotata Technology GroupLtd (SHSE:603848) has had a great run on the share market with its stock up by a significant 22% over the last three months. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. In this article, we decided to focus on Guangdong Hotata Technology GroupLtd's ROE.
广东和田科技集团股份有限公司(上海证券交易所股票代码:603848)在过去的三个月里股票大幅上涨了22%。但该公司的关键财务指标似乎在所有方面都不同,这让我们质疑该公司目前的股价势头能否保持下去。在本文中,我们决定将重点放在广东和田科技集团有限公司的净资产收益率上。
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.
股本回报率或净资产收益率是股东要考虑的一个重要因素,因为它告诉他们他们的资本再投资的效率。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。
Check out our latest analysis for Guangdong Hotata Technology GroupLtd
查看我们对广东和田科技集团有限公司的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
Return on equity can be calculated by using the formula:
股本回报率可使用以下公式计算:
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 Guangdong Hotata Technology GroupLtd is:
因此,根据上述公式,广东和田科技集团有限公司的净资产收益率为:
11% = CN¥265m ÷ CN¥2.5b (Based on the trailing twelve months to June 2023).
11%=CN元2.65亿×CN元25亿元(基于截至2023年6月的12个月)。
The 'return' is the profit over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.11.
“收益”是过去12个月的利润。因此,这意味着股东每投资1元人民币,公司就会产生0.11元的利润。
What Is The Relationship Between ROE And Earnings Growth?
净资产收益率与盈利增长之间有什么关系?
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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
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。一般来说,在其他条件相同的情况下,股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
Guangdong Hotata Technology GroupLtd's Earnings Growth And 11% ROE
广东和田科技集团有限公司盈利增长和11%的净资产收益率
When you first look at it, Guangdong Hotata Technology GroupLtd's ROE doesn't look that attractive. However, given that the company's ROE is similar to the average industry ROE of 9.7%, we may spare it some thought. Still, Guangdong Hotata Technology GroupLtd has seen a flat net income growth over the past five years. Bear in mind, the company's ROE is not very high. Hence, this provides some context to the flat earnings growth seen by the company.
乍一看,广东和田科技集团的净资产收益率(ROE)看起来并不那么吸引人。然而,鉴于该公司的净资产收益率(ROE)与9.7%的行业平均ROE相似,我们或许可以省去一些思考。尽管如此,广东和田科技集团有限公司在过去五年中净利润增长持平。请记住,该公司的净资产收益率并不是很高。因此,这为该公司盈利增长持平提供了一些背景。
We then compared Guangdong Hotata Technology GroupLtd's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 12% in the same 5-year period, which is a bit concerning.
然后,我们将广东Hotata科技集团有限公司的净收入增长与行业进行了比较,发现该公司的增长数字低于同期12%的行业平均增长率,这有点令人担忧。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20230831/0-b646b7922857f27827227bb8aee8901d-0-1935f3152d2e067d1307d7714abef8a5.png/big)
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. 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 Guangdong Hotata Technology GroupLtd is trading on a high P/E or a low P/E, relative to its industry.
盈利增长是评估一只股票时需要考虑的一个重要指标。投资者下一步需要确定的是,预期的收益增长是否已经计入了股价。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,你可能想看看广东和田科技集团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 Guangdong Hotata Technology GroupLtd Efficiently Re-investing Its Profits?
广东和田科技集团有限公司是否有效地将利润进行了再投资?
Despite having a moderate three-year median payout ratio of 36% (meaning the company retains64% of profits) in the last three-year period, Guangdong Hotata Technology GroupLtd's earnings growth was more or les flat. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
尽管过去三年的中值派息率为36%(这意味着公司保留了64%的利润),但广东和田科技集团有限公司的收益增长基本持平。因此,可能还有其他因素在起作用,可能会阻碍经济增长。例如,该业务一直面临一些不利因素。
Additionally, Guangdong Hotata Technology GroupLtd has paid dividends over a period of five years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 28% over the next three years. As a result, the expected drop in Guangdong Hotata Technology GroupLtd's payout ratio explains the anticipated rise in the company's future ROE to 15%, over the same period.
此外,广东和田科技集团有限公司在五年内分红,这意味着公司管理层决心分红,即使这意味着收益几乎没有增长。在研究了最新的分析师共识数据后,我们发现,该公司未来三年的派息率预计将降至28%。因此,广东和田科技集团有限公司派息率的预期下降解释了同期该公司未来净资产收益率预期上升至15%的原因。
Summary
摘要
On the whole, we feel that the performance shown by Guangdong Hotata Technology GroupLtd can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总体而言,我们觉得广东和田科技集团有限公司的表现可以有多种解读。虽然该公司的再投资率确实很高,但低ROE意味着所有的再投资都没有给投资者带来任何好处,而且对收益增长产生了负面影响。话虽如此,但从目前分析师的预估来看,我们发现该公司的盈利势头有望增强。这些分析师的预期是基于对该行业的广泛预期,还是基于该公司的基本面?点击此处进入我们分析师对该公司的预测页面。
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本文由Simply Wall St.撰写,具有概括性。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。Simply Wall St.对上述任何一只股票都没有持仓。