Is Qingdao Citymedia Co,. Ltd.'s (SHSE:600229) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Qingdao Citymedia Co,. Ltd.'s (SHSE:600229) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Most readers would already be aware that Qingdao Citymedia Co's (SHSE:600229) stock increased significantly by 10% over the past week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on Qingdao Citymedia Co's ROE.
大多数读者应该已经知道,青岛城市传媒股份有限公司(上交所:600229)的股票在过去一周大幅上涨了10%。考虑到股价通常与公司的长期财务表现保持一致,我们决定更仔细地研究公司的财务指标,看看它们是否对最近的价格走势起到了作用。在本文中,我们决定将重点放在青岛城市传媒股份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。
View our latest analysis for Qingdao Citymedia Co
查看我们对青岛城市传媒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?
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 Qingdao Citymedia Co is:
因此,根据上述公式,青岛城市传媒股份有限公司的净资产收益率为:
11% = CN¥346m ÷ CN¥3.1b (Based on the trailing twelve months to June 2023).
11%=3.46亿元×31亿元(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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.11 in profit.
“报税表”是过去12个月的税后收入。另一种说法是,公司每持有价值1元的股权,就能赚取0.11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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前为止,我们已经了解到净资产收益率衡量的是一家公司创造利润的效率。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。假设其他条件不变,净资产收益率和利润保留率越高,与不一定具有这些特征的公司相比,公司的增长率就越高。
Qingdao Citymedia Co's Earnings Growth And 11% ROE
青岛城市传媒的盈利增长和11%的净资产收益率
At first glance, Qingdao Citymedia Co seems to have a decent ROE. On comparing with the average industry ROE of 6.1% the company's ROE looks pretty remarkable. As you might expect, the 5.0% net income decline reported by Qingdao Citymedia Co is a bit of a surprise. Therefore, there might be some other aspects that could explain this. For example, it could be that the company has a high payout ratio or the business has allocated capital poorly, for instance.
乍一看,青岛城市传媒股份有限公司似乎拥有不错的净资产收益率。与6.1%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。正如你可能预料到的,青岛城市传媒股份有限公司报告的净收入下降5.0%有点出人意料。因此,可能还有其他一些方面可以解释这一点。例如,可能是公司的派息率很高,或者企业的资本配置不当。
So, as a next step, we compared Qingdao Citymedia Co's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 2.2% over the last few years.
因此,作为下一步,我们将青岛城市媒体有限公司的表现与行业进行了比较,令人失望的是,尽管该公司的收益一直在缩水,但该行业在过去几年中以2.2%的速度增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231028/0-0a7f7e20ac8671cba543f846b483fe93-0-119f4557140b481374621ae39183897c.png/big)
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is 600229 worth today? The intrinsic value infographic in our free research report helps visualize whether 600229 is currently mispriced by the market.
盈利增长是评估一只股票时需要考虑的一个重要指标。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)。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。今天600229的价值是多少?我们免费研究报告中的内在价值信息图有助于直观地了解600229目前是否被市场错误定价。
Is Qingdao Citymedia Co Efficiently Re-investing Its Profits?
青岛城市传媒股份有限公司是否有效地将利润进行了再投资?
In spite of a normal three-year median payout ratio of 41% (that is, a retention ratio of 59%), the fact that Qingdao Citymedia Co's earnings have shrunk is quite puzzling. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
尽管正常的三年派息率中值为41%(即留存比率为59%),但青岛城市传媒股份有限公司的收益缩水的事实令人费解。看起来可能还有其他一些原因来解释这方面的缺乏。例如,这项业务可能正在衰落。
Moreover, Qingdao Citymedia Co has been paying dividends for seven years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer consistent dividends even though earnings have been shrinking.
此外,青岛城市传媒股份有限公司已经分红七年了,这是一个相当长的时间,这表明管理层一定已经意识到,尽管收益一直在缩水,但股东更喜欢一致的股息。
Summary
摘要
Overall, we feel that Qingdao Citymedia Co certainly does have some positive factors to consider. However, given the high ROE and high profit retention, we would expect the company to be delivering strong earnings growth, but that isn't the case here. This suggests that there might be some external threat to the business, that's hampering its growth. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. 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,我们认为青岛城市传媒股份有限公司确实有一些积极的因素需要考虑。然而,考虑到高净资产收益率和高利润保留率,我们预计该公司将实现强劲的收益增长,但这里的情况并非如此。这表明,该业务可能面临一些外部威胁,这正在阻碍其增长。话虽如此,我们研究了最新的分析师预测,发现尽管该公司过去的收益有所缩水,但分析师预计其未来的收益将会增长。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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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。