Skyworth Digital Co., Ltd.'s (SZSE:000810) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Skyworth Digital Co., Ltd.'s (SZSE:000810) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
It is hard to get excited after looking at Skyworth Digital's (SZSE:000810) recent performance, when its stock has declined 21% over the past three months. 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. In this article, we decided to focus on Skyworth Digital's ROE.
在看到创维数码(SZSE:000810)最近的表现后,很难感到兴奋,其股价在过去三个月里下跌了21%。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。在本文中,我们决定将重点放在创维数字的净资产收益率上。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
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,它衡量的是一家公司相对于股东权益的盈利能力。
See our latest analysis for Skyworth Digital
查看我们对创维数码的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
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 Skyworth Digital is:
因此,根据上述公式,创维数码的净资产收益率为:
10% = CN¥626m ÷ CN¥6.1b (Based on the trailing twelve months to June 2023).
10%=CN元6.26亿×CN元61亿元(基于截至2023年6月的12个月)。
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.10 in profit.
“回报”指的是企业在过去一年中获得的收入。这意味着,每增加价值1元的股东权益,公司就会产生0.10元的利润。
Why Is ROE Important For Earnings Growth?
为什么净资产收益率对收益增长很重要?
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。
Skyworth Digital's Earnings Growth And 10% ROE
创维数码的盈利增长和10%的净资产收益率
On the face of it, Skyworth Digital's ROE is not much to talk about. However, the fact that the its ROE is quite higher to the industry average of 7.1% doesn't go unnoticed by us. This certainly adds some context to Skyworth Digital's moderate 15% net income growth seen over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. So there might well be other reasons for the earnings to grow. Such as- high earnings retention or the company belonging to a high growth industry.
从表面上看,创维数码的净资产收益率(ROE)并不值得谈论。然而,ITS的净资产收益率(ROE)相当高,高于7.1%的行业平均水平,这一事实并不是没有引起我们的注意。这无疑为创维数字过去五年15%的净利润温和增长增添了一些背景。话虽如此,该公司一开始的净资产收益率确实略低,只是高于行业平均水平。因此,盈利增长很可能还有其他原因。例如-高收益留存或公司属于高增长行业。
As a next step, we compared Skyworth Digital's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 15% in the same period.
作为下一步,我们将创维数字的净收入增长与行业进行了比较,发现该公司与同期15%的行业平均增长率相比,有着类似的增长数字。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231027/0-a039ffebd4b07df4cd11ff3e654c9ecd-0-0e6c9fdf2812124c19275a73059016fd.png/big)
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). Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for 000810? You can find out in our latest intrinsic value infographic research report.
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。市场是否已经消化了000810的未来前景?你可以在我们最新的内在价值信息图研究报告中找到答案。
Is Skyworth Digital Using Its Retained Earnings Effectively?
创维数码是否有效地利用了其留存收益?
Skyworth Digital has a three-year median payout ratio of 25%, which implies that it retains the remaining 75% 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.
创维数码的三年派息率中值为25%,这意味着它保留了剩余75%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, Skyworth Digital is determined to keep sharing its profits with shareholders which we infer from its long history of eight years of paying a dividend.
此外,创维数码决心继续与股东分享利润,这是我们从其八年来支付股息的悠久历史中推断出来的。
Summary
摘要
On the whole, we feel that Skyworth Digital's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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.
整体而言,我们觉得创维数码的表现相当不错。特别是,我们喜欢该公司以适度的回报率对其业务进行大量再投资。不出所料,这导致了令人印象深刻的收益增长。既然如此,最新的分析师预测显示,该公司的收益将继续增长。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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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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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。