Nanjing Inform Storage Equipment (Group) Co., Ltd.'s (SHSE:603066) Stock Is Going Strong: Is the Market Following Fundamentals?
Nanjing Inform Storage Equipment (Group) Co., Ltd.'s (SHSE:603066) Stock Is Going Strong: Is the Market Following Fundamentals?
Nanjing Inform Storage Equipment (Group)'s (SHSE:603066) stock is up by a considerable 19% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Nanjing Inform Storage Equipment (Group)'s ROE today.
在过去三个月中,南京英飞存储设备(集团)(SHSE:603066)的股票大幅上涨了19%。由于市场通常会为公司的长期基本面买单,因此我们决定研究公司的关键绩效指标,看看它们是否会影响市场。特别是,我们今天将关注南京英飞存储设备(集团)的投资回报率。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
ROE或股本回报率是评估公司如何有效地从股东那里获得的投资中获得回报的有用工具。简而言之,它用于评估公司相对于其股权资本的盈利能力。
View our latest analysis for Nanjing Inform Storage Equipment (Group)
查看我们对南京英富存储设备(集团)的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
The formula for return on equity is:
股本回报率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Nanjing Inform Storage Equipment (Group) is:
因此,根据上述公式,南京信息存储设备(集团)的投资回报率为:
10% = CN¥136m ÷ CN¥1.3b (Based on the trailing twelve months to September 2023).
10% = 1.36亿元人民币 ¥13亿元人民币(基于截至2023年9月的过去十二个月)。
The 'return' is the profit over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.10.
“回报” 是过去十二个月的利润。因此,这意味着公司每投资1元人民币,公司就会产生0.10元人民币的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要?
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.
我们已经确定,投资回报率是衡量公司未来收益的有效盈利指标。现在,我们需要评估公司再投资或 “保留” 了多少利润以用于未来的增长,从而使我们对公司的增长潜力有所了解。一般而言,在其他条件相同的情况下,股本回报率和利润留存率高的公司的增长率要高于不具有这些属性的公司。
Nanjing Inform Storage Equipment (Group)'s Earnings Growth And 10% ROE
南京信息存储设备(集团)的收益增长和10%的投资回报率
At first glance, Nanjing Inform Storage Equipment (Group)'s ROE doesn't look very promising. However, the fact that the company's ROE is higher than the average industry ROE of 7.5%, is definitely interesting. This probably goes some way in explaining Nanjing Inform Storage Equipment (Group)'s moderate 12% growth over the past five years amongst other factors. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. So there might well be other reasons for the earnings to grow. E.g the company has a low payout ratio or could belong to a high growth industry.
乍一看,南京英飞存储设备(集团)的投资回报率看起来并不十分乐观。但是,该公司的投资回报率高于7.5%的行业平均投资回报率,这一事实绝对很有趣。除其他因素外,这可能在一定程度上解释了南京英飞存储设备(集团)在过去五年中温和增长12%。请记住,该公司的投资回报率确实略低。只是该行业的投资回报率较低。因此,收益增长很可能还有其他原因。例如,该公司的支付率较低,或者可能属于高增长行业。
We then performed a comparison between Nanjing Inform Storage Equipment (Group)'s net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 11% in the same 5-year period.
然后,我们将南京英飞存储设备(集团)的净收入增长与该行业进行了比较,结果显示,该公司的增长与同期11%的行业平均增长率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231214/0-c306e95af036614c0322e3b53935def4-0-3bb7b1032d713b6a20ef2ff0775908a7.png/big)
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 Nanjing Inform Storage Equipment (Group) fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增长是股票估值的重要因素。投资者应努力确定预期的收益增长或下降,无论情况如何,是否已被考虑在内。通过这样做,他们将知道这只股票是进入清澈的蓝色海水还是沼泽水域在等着你。与其他公司相比,南京英飞存储设备(集团)的估值是否公平?这三种估值指标可能有助于您做出决定。
Is Nanjing Inform Storage Equipment (Group) Efficiently Re-investing Its Profits?
南京英飞存储设备(集团)是否有效地将利润再投资?
Nanjing Inform Storage Equipment (Group)'s three-year median payout ratio to shareholders is 19% (implying that it retains 81% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
南京英飞存储设备(集团)的三年期股东派息率中位数为19%(这意味着它保留了收入的81%),处于较低水平,因此管理层似乎正在将利润大量再投资以发展业务。
Moreover, Nanjing Inform Storage Equipment (Group) 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,南京英飞存储设备(集团)决心继续与股东分享利润,这是我们从其八年分红的悠久历史中推断出来的。
Summary
摘要
On the whole, we feel that Nanjing Inform Storage Equipment (Group)'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. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard would have the 2 risks we have identified for Nanjing Inform Storage Equipment (Group).
总体而言,我们认为南京英飞存储设备(集团)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。毫不奇怪,这带来了可观的收益增长。考虑到每股收益如何影响长期股价,如果该公司继续照原样增长收益,这可能会对其股价产生积极影响。别忘了,股价结果还取决于公司可能面临的潜在风险。因此,投资者必须意识到业务所涉及的风险。我们的风险仪表板将包含我们为南京英飞存储设备(集团)确定的2种风险。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。