Peric Special Gases Co., Ltd. (SHSE:688146) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Peric Special Gases Co., Ltd. (SHSE:688146) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
It is hard to get excited after looking at Peric Special Gases' (SHSE:688146) recent performance, when its stock has declined 6.4% over the past three months. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Peric Special Gases' ROE in this article.
看了Peric Special Gases(上海证券交易所代码:688146)最近的表现,很难感到兴奋,当时其股票在过去三个月中下跌了6.4%。但是,如果你密切关注,你可能会发现其关键财务指标看起来相当不错,考虑到市场通常会奖励更具弹性的长期基本面,这可能意味着该股有可能在长期内上涨。具体而言,我们决定在本文中研究Peric Special Gases的投资回报率。
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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键衡量标准。简而言之,它衡量公司相对于股东权益的盈利能力。
View our latest analysis for Peric Special Gases
查看我们对 Peric 特殊气体的最新分析
How Is ROE Calculated?
投资回报率是如何计算的?
ROE can be calculated by using the formula:
ROE 可以通过使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营)÷ 股东权益
So, based on the above formula, the ROE for Peric Special Gases is:
因此,根据上述公式,Peric 特殊气体的投资回报率为:
6.8% = CN¥358m ÷ CN¥5.2b (Based on the trailing twelve months to September 2023).
6.8% = 3.58亿元人民币 ¥52亿元人民币(基于截至2023年9月的过去十二个月)。
The 'return' refers to a company's earnings 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¥0.07 in profit.
“回报” 是指公司去年的收益。另一种看法是,每持有价值1元人民币的股权,公司就能获得0.07元人民币的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 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.
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。根据公司选择再投资或 “保留” 的利润金额,我们随后能够评估公司未来的盈利能力。假设其他一切都保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。
Peric Special Gases' Earnings Growth And 6.8% ROE
Peric Special Gases的收益增长和6.8%的投资回报率
On the face of it, Peric Special Gases' ROE is not much to talk about. However, its ROE is similar to the industry average of 6.8%, so we won't completely dismiss the company. Looking at Peric Special Gases' exceptional 27% five-year net income growth in particular, we are definitely impressed. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. For instance, the company has a low payout ratio or is being managed efficiently.
从表面上看,Peric Special Gases的投资回报率没什么好谈的。但是,其投资回报率与行业平均水平的6.8%相似,因此我们不会完全解散该公司。特别是Peric Special Gases惊人的27%的五年净收入增长,我们肯定给我们留下了深刻的印象。考虑到投资回报率不是特别高,我们认为还可能有其他因素在起作用,这些因素可能会影响公司的增长。例如,该公司的派息率很低或管理得很高效。
As a next step, we compared Peric Special Gases' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 12%.
下一步,我们将Peric Special Gases的净收入增长与该行业进行了比较,令人高兴的是,我们发现该公司的增长高于12%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231219/0-9fba17c97f25fafd164293483de16916-0-20d2549278de4799b431bb39b831d006.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is Peric Special Gases fairly valued compared to other companies? These 3 valuation measures might help you decide.
为公司附加价值的基础在很大程度上与其收益增长息息相关。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。这样做将帮助他们确定股票的未来是乐观还是不祥的。与其他公司相比,Peric特种气体的估值是否合理?这3种估值指标可能会帮助您做出决定。
Is Peric Special Gases Efficiently Re-investing Its Profits?
Peric 特种气体能否有效地将其利润再投资?
The three-year median payout ratio for Peric Special Gases is 27%, which is moderately low. The company is retaining the remaining 73%. So it seems that Peric Special Gases is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Peric特种气体的三年中位支付率为27%,处于中等偏低水平。该公司保留了剩余的73%。因此,Peric Special Gases似乎正在高效地进行再投资,其收益增长令人印象深刻(如上所述),并支付了覆盖面充足的股息。
Conclusion
结论
In total, it does look like Peric Special Gases has some positive aspects to its business. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to 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.
总的来说,Peric特种气体的业务看起来确实有一些积极的方面。尽管回报率很低,但由于对业务进行了大量再投资,该公司的收益增长令人印象深刻。我们还研究了最新的分析师预测,发现该公司的收益增长预计与其当前的增长率相似。要了解有关公司未来收益增长预测的更多信息,请查看这份关于分析师预测的免费报告,以了解更多信息。
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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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。