Bangyan Technology Co., Ltd.'s (SHSE:688132) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Bangyan Technology Co., Ltd.'s (SHSE:688132) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Bangyan Technology (SHSE:688132) has had a rough month with its share price down 21%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Bangyan Technology's ROE in this article.
Bangyan Technology(上海证券交易所代码:688132)经历了艰难的一个月,其股价下跌了21%。但是,从长远来看,股票价格通常由公司的财务状况驱动,在这种情况下,这看起来相当可观。具体而言,我们决定在本文中研究邦扬科技的投资回报率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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指标。简而言之,它用于评估公司相对于其股权资本的盈利能力。
See our latest analysis for Bangyan Technology
查看我们对 Bangyan Technology 的最新分析
How Is ROE Calculated?
ROE 是如何计算的?
Return on equity can be calculated by using the formula:
股本回报率可以使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Bangyan Technology is:
因此,根据上述公式,邦扬科技的投资回报率为:
4.9% = CN¥78m ÷ CN¥1.6b (Based on the trailing twelve months to September 2023).
4.9% = 7800万元人民币 ÷ 16亿元人民币(基于截至2023年9月的过去十二个月)。
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¥0.05 in profit.
“回报” 是过去十二个月的税后收入。另一种思考方式是,公司每拥有价值1元人民币的股权,就能获得0.05元的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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,我们已经了解到,投资回报率衡量的是公司创造利润的效率。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。假设其他条件都一样,与功能不相同的公司相比,具有更高股本回报率和更高利润保留率的公司通常具有更高的增长率。
Bangyan Technology's Earnings Growth And 4.9% ROE
邦扬科技的收益增长和4.9%的投资回报率
It is quite clear that Bangyan Technology's ROE is rather low. Further, we noted that the company's ROE is similar to the industry average of 5.8%. However, the exceptional 30% net income growth seen by Bangyan Technology over the past five years is pretty remarkable. Given the low ROE, it is likely that there could be some other reasons behind this growth as well. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
很明显,邦扬科技的投资回报率相当低。此外,我们注意到该公司的投资回报率与行业平均水平的5.8%相似。但是,在过去五年中,Bangyan Technology实现了30%的惊人净收入增长,这非常引人注目。鉴于投资回报率低,这种增长背后可能还有其他一些原因。例如,公司的管理层可能做出了一些良好的战略决策,或者公司的派息率很低。
Next, on comparing with the industry net income growth, we found that Bangyan Technology's growth is quite high when compared to the industry average growth of 13% in the same period, which is great to see.
接下来,与行业净收入增长相比,我们发现与同期行业平均增长13%相比,Bangyan Technology的增长相当高,这真是太好了。
Earnings growth is an important metric to consider when valuing a stock. 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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Bangyan Technology is trading on a high P/E or a low P/E, relative to its industry.
收益增长是对股票进行估值时要考虑的重要指标。无论如何,投资者应设法确定预期的收益增长或下降是否已计入其中。通过这样做,他们将知道股票是走向清澈的蓝色海水还是沼泽水域在等着呢。衡量预期收益增长的一个很好的指标是市盈率,它根据收益前景决定了市场愿意为股票支付的价格。因此,您可能需要检查Bangyan Technology相对于其行业是高市盈率还是低市盈率。
Is Bangyan Technology Making Efficient Use Of Its Profits?
Bangyan Technology 是否在有效利用其利润?
Bangyan Technology doesn't pay any dividend to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Bangyan Technology不向其股东支付任何股息,这意味着该公司一直在将所有利润再投资于该业务。这可能是推动上述高收益增长数字的原因。
Conclusion
结论
Overall, we feel that Bangyan Technology certainly does have some positive factors to consider. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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,我们认为Bangyan Technology确实有一些积极的因素需要考虑。尽管回报率很低,但该公司将其利润的很大一部分再投资于其业务这一事实无疑促进了其高收益增长。话虽如此,从分析师目前的估计来看,我们发现该公司的收益有望增强。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。