Is Weakness In Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. (SHSE:601952) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. (SHSE:601952) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
It is hard to get excited after looking at Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd's (SHSE:601952) recent performance, when its stock has declined 2.6% over the past week. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd's ROE today.
看到江苏省农垦发展股份有限公司(上交所：601952)最近的表现，很难感到兴奋，其股票在过去一周里下跌了2.6%。但如果你仔细观察，你可能会猜到，它强劲的财务状况可能意味着，考虑到市场通常会奖励财务状况良好的公司，该股可能会在长期内增值。今天我们特别关注江苏省农垦开发有限公司的净资产收益率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.
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。换句话说，它揭示了该公司成功地将股东投资转化为利润。
See our latest analysis for Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd
请看我们对江苏省农垦发展有限公司的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率？
The formula for ROE is:
这个净资产收益率公式是：
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 Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd is:
因此，根据上述公式，江苏省农垦有限责任公司的净资产收益率为：
12% = CN¥776m ÷ CN¥6.6b (Based on the trailing twelve months to June 2023).
12%=7.76亿元×66亿元(基于截至2023年6月的12个月)。
The 'return' refers to a company's earnings over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.12 in profit.
“回报”指的是一家公司过去一年的收益。这意味着，每增加价值1元的股东权益，公司就会产生0.12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？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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.
我们已经证实，净资产收益率是一家公司未来收益的有效盈利指标。根据公司将这些利润再投资或“保留”多少，以及这样做的效率如何，我们就能够评估一家公司的收益增长潜力。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 Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd's Earnings Growth And 12% ROE
江苏省农垦公司盈利增长与净资产收益率12%的对比分析
To begin with, Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 8.9%. This certainly adds some context to Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd's decent 7.8% net income growth seen over the past five years.
首先，江苏省农垦发展有限公司似乎拥有可观的净资产收益率。此外，该公司的净资产收益率(ROE)与8.9%的行业平均水平相比相当有利。这无疑为江苏省农垦发展有限公司在过去五年中实现了7.8%的可观净收入增长增添了一些背景。
Next, on comparing with the industry net income growth, we found that Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd's growth is quite high when compared to the industry average growth of 5.0% in the same period, which is great to see.
接下来，通过与行业净收入增长的比较，我们发现江苏省农垦发展有限公司的增长与同期行业平均增长5.0%相比是相当高的，这是令人欣喜的。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. 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 Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd 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。投资者应该尝试确定预期的收益增长或下降是否已计入价格，无论是哪种情况。这样做将有助于他们确定该股的未来看起来是光明的还是不祥的。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，你可能想看看江苏省农垦有限公司相对于其行业是高市盈率还是低市盈率。
Is Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd Using Its Retained Earnings Effectively?
江苏省农垦有限责任公司是否有效利用其留存收益？
Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd has a three-year median payout ratio of 43%, which implies that it retains the remaining 57% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
江苏省农垦发展有限公司的三年派息率中值为43%，这意味着它保留了剩余57%的利润。这表明，它的股息得到了很好的覆盖，考虑到该公司看到的可观增长，管理层似乎正在有效地对其收益进行再投资。
Moreover, Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd is determined to keep sharing its profits with shareholders which we infer from its long history of five years of paying a dividend.
此外，江苏省农垦发展有限公司决心继续与股东分享利润，这是从其五年来派息的悠久历史中推断出来的。
Summary
摘要
In total, we are pretty happy with Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总体而言，我们对江苏省农垦发展有限公司的表现感到满意。具体地说，我们喜欢该公司将一大笔利润以高回报率进行再投资。当然，这导致该公司的收益出现了大幅增长。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。要了解更多有关该公司未来收益增长预测的信息，请查看以下内容免费报告分析师对该公司的预测，以了解更多信息。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有什么反馈吗？担心内容吗？ 保持联系直接与我们联系。或者，也可以给编辑组发电子邮件，地址是implywallst.com。
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。