Is Shenzhen Keanda Electronic Technology Corp., Ltd.'s (SZSE:002972) Stock On A Downtrend As A Result Of Its Poor Financials?
Is Shenzhen Keanda Electronic Technology Corp., Ltd.'s (SZSE:002972) Stock On A Downtrend As A Result Of Its Poor Financials?
It is hard to get excited after looking at Shenzhen Keanda Electronic Technology's (SZSE:002972) recent performance, when its stock has declined 29% over the past three months. To decide if this trend could continue, we decided to look at its weak fundamentals as they shape the long-term market trends. Particularly, we will be paying attention to Shenzhen Keanda Electronic Technology's ROE today.
看了深圳科安达电子科技(SZSE:002972)的近期表现,很难感到兴奋,当时其股票在过去三个月中下跌了29%。为了决定这种趋势能否持续下去,我们决定研究其疲软的基本面,因为它们塑造了长期市场趋势。特别是,我们今天将关注深圳科安达电子科技的投资回报率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
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。换句话说,它是衡量公司股东提供的资本回报率的盈利比率。
How To Calculate Return On Equity?
如何计算股本回报率?
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算:
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 Shenzhen Keanda Electronic Technology is:
因此,根据上述公式,深圳科安达电子科技的投资回报率为:
6.0% = CN¥73m ÷ CN¥1.2b (Based on the trailing twelve months to September 2023).
6.0% = 7300万元人民币 ÷ 12亿元人民币(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¥0.06 in profit.
“回报” 是过去十二个月的税后收入。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0.06元人民币的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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.
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。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。假设其他一切保持不变,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。
Shenzhen Keanda Electronic Technology's Earnings Growth And 6.0% ROE
深圳科安达电子科技的收益增长和6.0%的投资回报率
When you first look at it, Shenzhen Keanda Electronic Technology's ROE doesn't look that attractive. However, its ROE is similar to the industry average of 6.7%, so we won't completely dismiss the company. Having said that, Shenzhen Keanda Electronic Technology has shown a meagre net income growth of 3.9% over the past five years. Bear in mind, the company's ROE is not very high . Hence, this does provide some context to low earnings growth seen by the company.
当你第一次看时,深圳科安达电子科技的投资回报率看起来并不那么吸引人。但是,其投资回报率与行业平均水平的6.7%相似,因此我们不会完全解散该公司。话虽如此,深圳科安达电子科技在过去五年中表现出微弱的3.9%的净收入增长。请记住,该公司的投资回报率不是很高。因此,这确实为公司所看到的低收益增长提供了一些背景信息。
As a next step, we compared Shenzhen Keanda Electronic Technology's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 11% in the same period.
下一步,我们将深圳科安达电子科技的净收入增长与该行业进行了比较,并失望地看到该公司的增长低于同期11%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240226/0-cf3723e227ae3c18b18890781c623ee8-0-08a1b9ad862b0f8c1e6f2661b19f7a6e.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 Shenzhen Keanda Electronic Technology'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。如果你想知道深圳科安达电子科技的估值,可以看看这个衡量其市盈率与行业相比的指标。
Is Shenzhen Keanda Electronic Technology Making Efficient Use Of Its Profits?
深圳科安达电子科技是否在有效利用其利润?
With a high three-year median payout ratio of 58% (or a retention ratio of 42%), most of Shenzhen Keanda Electronic Technology's profits are being paid to shareholders. This definitely contributes to the low earnings growth seen by the company.
深圳科安达电子科技的三年派息率中位数很高,为58%(或42%的留存率),其大部分利润都支付给了股东。这无疑是公司收益增长低的原因。
Moreover, Shenzhen Keanda Electronic Technology has been paying dividends for four years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer dividends over earnings growth.
此外,深圳科安达电子科技已经派发了四年股息,这是相当长的时间,这表明管理层一定已经意识到股东更喜欢分红而不是收益增长。
Summary
摘要
In total, we would have a hard think before deciding on any investment action concerning Shenzhen Keanda Electronic Technology. As a result of its low ROE and lack of much reinvestment into the business, the company has seen a disappointing earnings growth rate. In brief, we think the company is risky and investors should think twice before making any final judgement on this company. Our risks dashboard would have the 2 risks we have identified for Shenzhen Keanda Electronic Technology.
总的来说,在决定任何与深圳科安达电子科技有关的投资行动之前,我们会经过深思熟虑。由于投资回报率低且缺乏对该业务的再投资,该公司的收益增长率令人失望。简而言之,我们认为该公司存在风险,投资者在对该公司做出最终判断之前应三思而后行。我们的风险仪表板将包含我们为深圳科安达电子科技确定的两种风险。
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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。