Can Mixed Fundamentals Have A Negative Impact on Whirlpool China Co., Ltd. (SHSE:600983) Current Share Price Momentum?
Can Mixed Fundamentals Have A Negative Impact on Whirlpool China Co., Ltd. (SHSE:600983) Current Share Price Momentum?
Most readers would already be aware that Whirlpool China's (SHSE:600983) stock increased significantly by 17% over the past three months. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. In this article, we decided to focus on Whirlpool China's ROE.
大多数读者已经意识到,惠而浦中国(SHSE: 600983)的股票在过去三个月中大幅增长了17%。但是,我们想知道该公司财务状况不稳定是否会对当前的股价势头产生任何不利影响。在本文中,我们决定重点关注惠而浦中国的投资回报率。
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。
Check out our latest analysis for Whirlpool China
查看我们对惠而浦中国的最新分析
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 Whirlpool China is:
因此,根据上述公式,惠而浦中国的投资回报率为:
3.9% = CN¥117m ÷ CN¥3.0b (Based on the trailing twelve months to September 2023).
3.9% = 1.17亿元人民币 ÷ 30亿元人民币(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¥0.04 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0.04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?
So far, we've learned that ROE is a measure of a company's profitability. 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. 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.
到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。然后,根据公司对这些利润进行再投资或 “保留” 的金额及其有效性,我们就能评估公司的盈利增长潜力。一般而言,在其他条件相同的情况下,股本回报率和利润保留率高的公司比不具备这些属性的公司的增长率更高。
Whirlpool China's Earnings Growth And 3.9% ROE
惠而浦中国的收益增长和3.9%的投资回报率
It is hard to argue that Whirlpool China's ROE is much good in and of itself. Not just that, even compared to the industry average of 10%, the company's ROE is entirely unremarkable. For this reason, Whirlpool China's five year net income decline of 15% is not surprising given its lower ROE. We believe that there also might be other aspects that are negatively influencing the company's earnings prospects. Such as - low earnings retention or poor allocation of capital.
很难说惠而浦中国的投资回报率本身就非常好。不仅如此,即使与行业平均水平的10%相比,该公司的投资回报率也完全不引人注目。出于这个原因,鉴于其投资回报率较低,惠而浦中国五年净收入下降了15%并不奇怪。我们认为,可能还有其他方面对公司的盈利前景产生负面影响。例如-收益保留率低或资本配置不佳。
That being said, we compared Whirlpool China's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 7.8% in the same 5-year period.
话虽如此,我们将惠而浦中国的表现与该行业的表现进行了比较,当我们发现惠而浦中国的收益在同期5年内以7.8%的速度增长时,我们感到担忧。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240104/0-e7c6c025d7d07c300d9f87c521e14ab1-0-0a55346ad6b8a01a14da33335009b8e0.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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Whirlpool China's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是股票估值的重要因素。无论情况如何,投资者都应设法确定预期的收益增长或下降是否已计入其中。然后,这可以帮助他们确定股票是为光明还是暗淡的未来而布局。如果你想知道惠而浦中国的估值,可以看看这个衡量其市盈率与行业相比的指标。
Is Whirlpool China Using Its Retained Earnings Effectively?
惠而浦中国是否在有效使用其留存收益?
Summary
摘要
In total, we're a bit ambivalent about Whirlpool China's performance. Even though it appears to be retaining most of its profits, given the low ROE, investors may not be benefitting from all that reinvestment after all. The low earnings growth suggests our theory correct. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. You can see the 2 risks we have identified for Whirlpool China by visiting our risks dashboard for free on our platform here.
总的来说,我们对惠而浦中国的表现有点矛盾。尽管鉴于投资回报率低,它似乎保留了大部分利润,但投资者毕竟可能无法从所有这些再投资中受益。低收入增长表明我们的理论是正确的。总而言之,我们将谨慎对待这家公司,其中一种方法是研究该业务的风险状况。您可以访问我们的网站,查看我们为惠而浦中国确定的两种风险 风险仪表板 在我们的平台上免费使用。
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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。