Allied Machinery Co., Ltd.'s (SHSE:605060) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Allied Machinery Co., Ltd.'s (SHSE:605060) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Allied Machinery (SHSE:605060) has had a rough three months with its share price down 27%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Allied Machinery's ROE in this article.
联合机械(上海证券交易所代码:605060)经历了艰难的三个月,其股价下跌了27%。但是,仔细观察其良好的财务状况可能会让你重新考虑。鉴于基本面通常会推动长期市场业绩,因此该公司值得关注。具体而言,我们决定在本文中研究联合机械的投资回报率。
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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。简而言之,它衡量公司相对于股东权益的盈利能力。
How Do You Calculate Return On Equity?
你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 Allied Machinery is:
因此,根据上述公式,盟军机械的投资回报率为:
12% = CN¥270m ÷ CN¥2.2b (Based on the trailing twelve months to September 2023).
12% = 2.7亿元人民币 ÷ 22亿元人民币(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. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.12 in profit.
“回报” 是过去十二个月的税后收入。对此进行概念化的一种方法是,该公司每拥有1元人民币的股本即可获得0.12元人民币的利润。
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?
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. 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利润创造指标。我们现在需要评估公司为未来增长再投资或 “保留” 了多少利润,这样我们就可以了解公司的增长潜力。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。
Allied Machinery's Earnings Growth And 12% ROE
联合机械的收益增长和12%的投资回报率
At first glance, Allied Machinery seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 7.6%. This probably laid the ground for Allied Machinery's moderate 13% net income growth seen over the past five years.
乍一看,盟军机械的投资回报率似乎不错。此外,该公司的投资回报率与行业平均水平的7.6%相比相当不错。这可能为盟军机械在过去五年中实现13%的温和净收入增长奠定了基础。
As a next step, we compared Allied Machinery's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 12% in the same period.
下一步,我们将Allied Machinery的净收入增长与该行业进行了比较,发现与同期12%的行业平均增长率相比,该公司的增长数字相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240202/0-9071f68dd400c68da933f8bb25c265af-0-5085e9240bf77c77ba8585e3e7ca1166.png/big)
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Allied Machinery'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。对于投资者来说,重要的是要知道市场是否对公司的预期收益增长(或下降)进行了定价。这样做将帮助他们确定股票的未来是乐观还是不祥的。如果你想知道Allied Machinery的估值,可以看看这个衡量其与行业相比的市盈率指标。
Is Allied Machinery Making Efficient Use Of Its Profits?
盟军机械是否在有效利用其利润?
Allied Machinery has a three-year median payout ratio of 37%, which implies that it retains the remaining 63% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
联合机械的三年派息率中位数为37%,这意味着它保留了剩余的63%的利润。这表明其股息覆盖范围良好,鉴于该公司的可观增长,管理层似乎正在有效地对其收益进行再投资。
Additionally, Allied Machinery has paid dividends over a period of three years which means that the company is pretty serious about sharing its profits with shareholders.
此外,Allied Machinery已在三年内派发了股息,这意味着该公司非常认真地与股东分享利润。
Conclusion
结论
On the whole, we feel that Allied Machinery's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high 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. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. Our risks dashboard will have the 1 risk we have identified for Allied Machinery.
总的来说,我们认为盟军机械的表现相当不错。特别是,我们喜欢该公司对其业务进行大量再投资,而且回报率很高。毫不奇怪,这带来了令人印象深刻的收益增长。考虑到每股收益如何影响长期股价,如果该公司继续以现有方式增长收益,这可能会对其股价产生积极影响。别忘了,商业风险也是影响股票价格的因素之一。因此,这也是投资者在对任何业务做出决定之前需要注意的重要领域。我们的风险仪表板将包含我们为盟军机械确定的1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。