Guangzhou Haoyang Electronic Co.,Ltd.'s (SZSE:300833) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Guangzhou Haoyang Electronic Co.,Ltd.'s (SZSE:300833) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
The formula for ROE is: With its stock down 27% over the past three months, it is easy to disregard Guangzhou Haoyang ElectronicLtd (SZSE:300833). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Guangzhou Haoyang ElectronicLtd's ROE today.
广州浩洋电子股份有限公司(SZSE：300833)的股价在过去三个月里下跌了27%，人们很容易忽视它。然而，仔细看看它稳健的财务状况可能会让你重新考虑。鉴于基本面因素通常会推动长期市场结果，该公司值得关注。今天，我们将特别关注广州浩洋电子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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
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。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 Guangzhou Haoyang ElectronicLtd
查看我们对广州浩洋电子有限公司的最新分析
How To Calculate Return On Equity?
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 Guangzhou Haoyang ElectronicLtd is:
因此，根据上述公式，广州浩洋电子有限公司的净资产收益率为：
18% = CN¥407m ÷ CN¥2.2b (Based on the trailing twelve months to June 2023).
18%=4.07亿元×22亿元(以截至2023年6月的12个月为基础)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.18 in profit.
“回报”指的是企业在过去一年中获得的收入。另一种说法是，公司每持有价值1元的股权，就能赚取0.18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？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。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。
Guangzhou Haoyang ElectronicLtd's Earnings Growth And 18% ROE
广州浩洋电子盈利增长18%净资产收益率
To begin with, Guangzhou Haoyang ElectronicLtd seems to have a respectable ROE. Especially when compared to the industry average of 7.6% the company's ROE looks pretty impressive. This probably laid the ground for Guangzhou Haoyang ElectronicLtd's significant 28% 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. Such as - high earnings retention or an efficient management in place.
首先，广州浩洋电子股份有限公司似乎拥有可观的净资产收益率。特别是与7.6%的行业平均水平相比，该公司的净资产收益率(ROE)看起来相当令人印象深刻。这可能为广州浩洋电子有限公司在过去五年中实现28%的净利润大幅增长奠定了基础。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-高收益留存或有效的管理到位。
We then compared Guangzhou Haoyang ElectronicLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 14% in the same 5-year period.
然后，我们将广州浩洋电子有限公司的净收入增长与行业进行了比较，我们很高兴地看到，该公司的增长数字高于同期行业14%的增长率。
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Guangzhou Haoyang ElectronicLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的一个重要因素。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。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，广州浩洋电子股份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 Guangzhou Haoyang ElectronicLtd Using Its Retained Earnings Effectively?
广州浩洋电子有限公司是否有效利用其留存收益？
Guangzhou Haoyang ElectronicLtd's three-year median payout ratio is a pretty moderate 46%, meaning the company retains 54% of its income. So it seems that Guangzhou Haoyang ElectronicLtd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
广州浩洋电子有限公司的三年中值派息率为46%，相当适中，这意味着该公司保留了54%的收入。因此，广州浩洋电子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。
Along with seeing a growth in earnings, Guangzhou Haoyang ElectronicLtd only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders.
随着盈利的增长，广州浩洋电子有限公司最近才开始分红。该公司很可能希望给股东留下深刻印象。
Conclusion
结论
On the whole, we feel that Guangzhou Haoyang ElectronicLtd's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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，我们觉得广州浩洋电子有限公司的业绩相当不错。特别是，很高兴看到该公司在业务上投入了大量资金，并获得了高回报率，这导致了其收益的可观增长。最新的行业分析师预测显示，该公司有望保持目前的增长速度。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。
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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。
