Is The Market Rewarding Guangdong Hotata Technology Group Co.,Ltd. (SHSE:603848) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
Is The Market Rewarding Guangdong Hotata Technology Group Co.,Ltd. (SHSE:603848) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
It is hard to get excited after looking at Guangdong Hotata Technology GroupLtd's (SHSE:603848) recent performance, when its stock has declined 25% over the past month. It seems that the market might have completely ignored the positive aspects of the company's fundamentals and decided to weigh-in more on the negative aspects. Fundamentals usually dictate market outcomes so it makes sense to study the company's financials. Particularly, we will be paying attention to Guangdong Hotata Technology GroupLtd's ROE today.
看了广东浩达科技集团有限公司(SHSE: 603848)最近的表现,很难感到兴奋,当时该公司的股票在过去一个月中下跌了25%。看来市场可能完全忽视了公司基本面的积极方面,并决定更多地考虑负面方面。基本面通常决定市场结果,因此研究公司的财务状况是有意义的。特别是,我们今天将关注广东浩达科技集团有限公司的投资回报率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. 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对公司增值和管理投资者资金的有效性的考验。简而言之,它衡量公司相对于股东权益的盈利能力。
How Is ROE Calculated?
ROE 是如何计算的?
The formula for ROE is:
ROE 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 Guangdong Hotata Technology GroupLtd is:
因此,根据上述公式,广东和田科技集团有限公司的投资回报率为:
11% = CN¥284m ÷ CN¥2.6b (Based on the trailing twelve months to September 2023).
11% = 2.84亿元人民币 ÷ 26亿元人民币(基于截至2023年9月的过去十二个月)。
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回报” 是企业在过去一年中获得的收入。这意味着,每持有价值1元人民币的股权,公司就会产生0.11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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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,投资回报率衡量的是公司创造利润的效率。根据公司选择将多少利润进行再投资或 “保留”,我们便能够评估公司未来创造利润的能力。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。
A Side By Side comparison of Guangdong Hotata Technology GroupLtd's Earnings Growth And 11% ROE
广东浩达科技集团有限公司的收益增长和11%的投资回报率的并排比较
On the face of it, Guangdong Hotata Technology GroupLtd's ROE is not much to talk about. Yet, a closer study shows that the company's ROE is similar to the industry average of 11%. Having said that, Guangdong Hotata Technology GroupLtd's net income growth over the past five years is more or less flat. Remember, the company's ROE is not particularly great to begin with. Hence, this provides some context to the flat earnings growth seen by the company.
从表面上看,广东浩达科技集团有限公司的投资回报率没什么好谈的。然而,一项更仔细的研究表明,该公司的投资回报率与行业平均水平的11%相似。话虽如此,广东浩达科技集团有限公司在过去五年中的净收入增长基本持平。请记住,公司的投资回报率一开始并不是特别好。因此,这为公司盈利的持平增长提供了一些背景信息。
We then compared Guangdong Hotata Technology GroupLtd's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 8.1% in the same 5-year period, which is a bit concerning.
然后,我们将广东浩达科技集团有限公司的净收入增长与该行业进行了比较,发现该公司的增长数字低于同期的8.1%的行业平均增长率,这有点令人担忧。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240206/0-91d0f5249f20442a3cb52fb2d2580ce0-0-8aa3f960e375bb105a2bde3138b0b43d.png/big)
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. Doing so will help them establish if the stock's future looks promising or ominous. Is 603848 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
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。这样做将帮助他们确定股票的未来是乐观还是不祥的。603848 的估值是否合理?这张关于公司内在价值的信息图包含了你需要知道的一切。
Is Guangdong Hotata Technology GroupLtd Making Efficient Use Of Its Profits?
广东浩达科技集团有限公司是否在有效利用其利润?
In spite of a normal three-year median payout ratio of 35% (or a retention ratio of 65%), Guangdong Hotata Technology GroupLtd hasn't seen much growth in its earnings. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
尽管正常的三年派息率中位数为35%(或65%的留存率),但广东浩达科技集团有限公司的收益并未出现太大增长。因此,可能还有其他一些原因可以解释这方面的不足。例如,业务可能会下滑。
In addition, Guangdong Hotata Technology GroupLtd has been paying dividends over a period of six years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 42% over the next three years. However, Guangdong Hotata Technology GroupLtd's future ROE is expected to rise to 17% despite the expected increase in the company's payout ratio. We infer that there could be other factors that could be driving the anticipated growth in the company's ROE.
此外,广东浩达科技集团有限公司在六年内一直在派发股息,这表明即使以业务增长为代价,继续支付股息对管理层来说也更为重要。在研究了分析师的最新共识数据后,我们发现该公司的未来派息率预计将在未来三年内升至42%。但是,尽管广东浩达科技集团有限公司的派息率预计将提高,但该公司的未来投资回报率预计将升至17%。我们推断,可能还有其他因素可以推动公司投资回报率的预期增长。
Summary
摘要
In total, we're a bit ambivalent about Guangdong Hotata Technology GroupLtd's performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总的来说,我们对广东浩达科技集团有限公司的表现有些矛盾。尽管该公司的利润保留率确实很高,但其低回报率可能会阻碍其收益增长。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。要详细了解分析师对公司的最新预测,请查看该公司的分析师预测的可视化。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。