Are Sichuan Development Lomon Co., Ltd.'s (SZSE:002312) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Sichuan Development Lomon Co., Ltd.'s (SZSE:002312) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
With its stock down 12% over the past three months, it is easy to disregard Sichuan Development Lomon (SZSE:002312). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Sichuan Development Lomon's ROE in this article.
由于其股票在过去三个月中下跌了12%,因此很容易忽视四川发展龙门(SZSE:002312)。但是,该公司的基本面看起来相当不错,长期财务状况通常与未来的市场价格走势一致。具体而言,我们决定在本文中研究四川发展龙门的投资回报率。
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
ROE或股本回报率是评估公司如何有效地从股东那里获得的投资中获得回报的有用工具。简而言之,它用于评估公司相对于其股权资本的盈利能力。
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 Sichuan Development Lomon is:
因此,根据上述公式,四川发展龙蟒的投资回报率为:
3.0% = CN¥277m ÷ CN¥9.1b (Based on the trailing twelve months to September 2023).
3.0% = 2.77亿元人民币 ÷ 91亿元人民币(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¥0.03 in profit.
“回报” 是过去十二个月的税后收入。将其概念化的一种方法是,公司每拥有1元人民币的股东资本,公司就会获得0.03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. 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. 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.
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。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。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。
Sichuan Development Lomon's Earnings Growth And 3.0% ROE
四川发展龙蒙的收益增长和3.0%的投资回报率
It is hard to argue that Sichuan Development Lomon's ROE is much good in and of itself. Even compared to the average industry ROE of 6.8%, the company's ROE is quite dismal. Despite this, surprisingly, Sichuan Development Lomon saw an exceptional 42% net income growth over the past five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.
很难说四川发展龙门的投资回报率本身就非常好。即使与6.8%的行业平均投资回报率相比,该公司的投资回报率也相当惨淡。尽管如此,令人惊讶的是,四川发展龙蒙在过去五年中实现了惊人的42%的净收入增长。我们认为这里可能还有其他因素在起作用。例如——高收益留存率或实行高效管理。
Next, on comparing with the industry net income growth, we found that Sichuan Development Lomon's growth is quite high when compared to the industry average growth of 12% 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12%相比,四川发展龙蒙的增长相当高,这真是令人欣喜。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240220/0-1928b49ad5a483a487ffdb34b53e67e0-0-2367fd8e89508f59d2e62ec3b4c52202.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. Is Sichuan Development Lomon fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增长是股票估值的重要因素。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。然后,这可以帮助他们确定股票是面向光明还是暗淡的未来。与其他公司相比,四川发展龙蒙的估值是否合理?这3种估值指标可能会帮助您做出决定。
Is Sichuan Development Lomon Efficiently Re-investing Its Profits?
四川发展龙蟒是否有效地将利润再投资?
The high three-year median payout ratio of 60% (implying that it keeps only 40% of profits) for Sichuan Development Lomon suggests that the company's growth wasn't really hampered despite it returning most of the earnings to its shareholders.
四川发展龙门的三年中位数派息率居高不下,为60%(这意味着它仅保留了40%的利润),这表明尽管该公司将大部分收益返还给了股东,但其增长并没有真正受到阻碍。
Additionally, Sichuan Development Lomon has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外,四川发展龙蒙已经在至少十年内派发了股息,这意味着该公司非常认真地与股东分享利润。
Summary
摘要
In total, it does look like Sichuan Development Lomon has some positive aspects to its business. Namely, its high earnings growth. We do however feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings and paid out less dividends. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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,四川发展龙蒙的业务看起来确实有一些积极的方面。也就是说,其高收益增长。但是,我们确实认为,如果该公司将更多的收益再投资并减少派发的股息,收益增长数字可能会更高。既然如此,分析师的最新预测显示,该公司的收益将继续增长。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。
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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。