Inner Mongolia ERDOS Resources Co.,Ltd. (SHSE:900936) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Inner Mongolia ERDOS Resources Co.,Ltd. (SHSE:900936) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Inner Mongolia ERDOS ResourcesLtd (SHSE:900936) has had a rough three months with its share price down 25%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Inner Mongolia ERDOS ResourcesLtd's ROE.
内蒙古鄂尔多斯资源股份有限公司(上交所代码：900936)经历了艰难的三个月，股价下跌了25%。然而，股价通常是由一家公司的长期财务表现推动的，在这种情况下，这看起来相当有希望。在本文中，我们决定将重点放在内蒙古鄂尔多斯资源有限公司的净资产收益率上。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率(ROE)是对一家公司增值和管理投资者资金的效率的测试。简而言之，净资产收益率显示了每一美元相对于其股东投资产生的利润。
See our latest analysis for Inner Mongolia ERDOS ResourcesLtd
查看我们对内蒙古鄂尔多斯资源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？
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 Inner Mongolia ERDOS ResourcesLtd is:
因此，根据上述公式，内蒙古鄂尔多斯资源有限公司的净资产收益率为：
18% = CN¥4.5b ÷ CN¥25b (Based on the trailing twelve months to June 2023).
18%=CN元45亿×CN元250亿(以截至2023年6月的12个月为基础)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.18.
“报税表”是过去12个月的税后收入。因此，这意味着股东每投资1美元，公司就会产生0.18美元的利润。
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. 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。
A Side By Side comparison of Inner Mongolia ERDOS ResourcesLtd's Earnings Growth And 18% ROE
内蒙古鄂尔多斯资源股份有限公司盈利增长与净资产收益率18%的并列比较
At first glance, Inner Mongolia ERDOS ResourcesLtd seems to have a decent ROE. On comparing with the average industry ROE of 7.1% the company's ROE looks pretty remarkable. This probably laid the ground for Inner Mongolia ERDOS ResourcesLtd's significant 40% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. 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.
乍一看，内蒙古鄂尔多斯资源有限公司似乎拥有不错的净资产收益率。与7.1%的行业平均净资产收益率相比，该公司的净资产收益率看起来相当惊人。这可能为内蒙古鄂尔多斯资源有限公司过去五年净利润大幅增长40%奠定了基础。我们认为，可能还有其他方面正在积极影响公司的收益增长。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 Inner Mongolia ERDOS ResourcesLtd'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 17%.
下一步，我们将内蒙古鄂尔多斯资源有限公司的净收入增长与行业进行了比较，令人欣喜的是，我们发现该公司的增长高于行业平均增长17%。
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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Inner Mongolia ERDOS ResourcesLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
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。通过这样做，他们将知道股票是将进入清澈的蓝色水域，还是等待沼泽水域。与其他公司相比，内蒙古鄂尔多斯资源有限公司的估值是否公平？这3个估值指标可能会帮助你做出决定。
Is Inner Mongolia ERDOS ResourcesLtd Using Its Retained Earnings Effectively?
内蒙古鄂尔多斯资源有限公司是否有效利用其留存收益？
The three-year median payout ratio for Inner Mongolia ERDOS ResourcesLtd is 45%, which is moderately low. The company is retaining the remaining 55%. So it seems that Inner Mongolia ERDOS ResourcesLtd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
内蒙古鄂尔多斯资源有限公司的三年中值派息率为45%，略低。该公司将保留剩余的55%。因此，内蒙古鄂尔多斯资源有限公司似乎正在以一种高效的方式进行再投资，它看到了令人印象深刻的收益增长(如上所述)，并支付了丰厚的股息。
Moreover, Inner Mongolia ERDOS ResourcesLtd is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外，内蒙古鄂尔多斯资源有限公司决心继续与股东分享利润，这是我们从其至少十年的派息历史中推断出来的。
Summary
摘要
In total, we are pretty happy with Inner Mongolia ERDOS ResourcesLtd's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言，我们对内蒙古鄂尔多斯资源有限公司的表现相当满意。特别是，我们喜欢该公司对其业务进行大量再投资，并以高回报率进行投资。不出所料，这导致了令人印象深刻的收益增长。话虽如此，该公司的盈利增长预计将放缓，正如目前分析师预测的那样。要了解更多分析师对该公司的最新预测，请查看分析师对该公司预测的可视化。
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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。