Has Zhejiang Extek Technology Co., Ltd.'s (SZSE:301399) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Has Zhejiang Extek Technology Co., Ltd.'s (SZSE:301399) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Zhejiang Extek Technology's (SZSE:301399) stock is up by a considerable 17% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Zhejiang Extek Technology's ROE today.
在过去的一个月中,浙江杉达科技(SZSE:301399)的股票涨了惊人的17%。正如大家所知,基本面通常是引导市场价格长期变动的指导,因此我们决定今天查看该公司的关键财务指标,以判断它们是否在最近的股价走势中扮演任何角色。尤其是今天我们将关注浙江杉达科技的roe。
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ROE是一项用于评估公司管理层如何利用公司资本的效率的关键指标。简而言之,它用于评估公司相对于其股本资本的盈利能力。
How Do You Calculate Return On Equity?
怎样计算ROE?
The formula for return on equity is:
权益回报率的计算公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润(从持续经营中获得)÷ 股东权益
So, based on the above formula, the ROE for Zhejiang Extek Technology is:
因此,根据上述公式,浙江杉达科技的roe为:
7.5% = CN¥99m ÷ CN¥1.3b (Based on the trailing twelve months to March 2024).
7.5% = CN¥99m ÷ CN¥1.3b(基于截至2024年3月的过去十二个月)。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.07 in profit.
这个“回报”是指公司过去一年的盈利。另一种思考方式是,对于每1元人民币的股权,公司能够赚取0.07元的利润。
What Has ROE Got To Do With Earnings Growth?
ROE与盈利增长有什么关系?
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ROE作为公司未来收益的有效利润生成度量。根据公司“保留”多少利润以及它如何有效地保留利润,我们能够评估公司的收益增长潜力。假设其他所有条件相同,具有更高股东权益回报率和更高利润保留的公司通常是与没有相同特征的公司相比增长速度更高的公司。
A Side By Side comparison of Zhejiang Extek Technology's Earnings Growth And 7.5% ROE
浙江杉达科技盈利增长和7.5%roe的并列比较
When you first look at it, Zhejiang Extek Technology's ROE doesn't look that attractive. However, given that the company's ROE is similar to the average industry ROE of 6.8%, we may spare it some thought. Even so, Zhejiang Extek Technology has shown a fairly decent growth in its net income which grew at a rate of 17%. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. Such as - high earnings retention or an efficient management in place.
初看起来,浙江杉达科技的roe并不那么吸引人。然而,考虑到该公司的roe与行业平均roe相似,为6.8%,我们可能会考虑它。即便如此,浙江杉达科技的净收入增长率还是表现得相当不错,以17%的速度增长。由于roe稍低,因此可能存在其他推动这种增长的方面,例如高盈利保留或高效的管理等。
We then compared Zhejiang Extek Technology's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 9.6% in the same 5-year period.
然后,我们将浙江杉达科技的净收入增长率与行业进行了比较,很高兴看到该公司的增长率在同一5年时期内与行业增长率9.6%相比更高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240524/0-4006b5bf32d909f2410369e5fd115491-0-47862ebedc4ae333ca59fbca573e9d03.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Zhejiang Extek Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
公司价值的基础,在很大程度上与公司的盈利增长有关。投资者知道市场是否已经将公司预期的盈利增长(或下降)定价。这样做将帮助他们判断股票的未来是前景看好还是不妙。与其他公司相比,浙江杉达科技的估值是否合理?这三个估值指标可能会帮助您做出决策。
Is Zhejiang Extek Technology Efficiently Re-investing Its Profits?
浙江杉达科技是否有效地再投资其利润?
While Zhejiang Extek Technology has a three-year median payout ratio of 70% (which means it retains 30% of profits), the company has still seen a fair bit of earnings growth in the past, meaning that its high payout ratio hasn't hampered its ability to grow.
虽然浙江杉达科技的三年中位数派息比率为70%(这意味着它保留了30%的利润),但该公司过去仍然实现了相当大的盈利增长,这意味着其高派息比率并没有限制其增长能力。
While Zhejiang Extek Technology has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend.
虽然浙江杉达科技一直在增长盈利,但它只是最近开始支付股息,这可能意味着公司决定通过派息来打动新老股东。
Summary
总的来说,我们对伟明环保的表现非常满意。具体而言,我们喜欢公司以高回报率再投资了其利润的很大一部分。当然,这导致公司的收益大幅增长。但是,最新的行业分析师预测表明,该公司的收益预计将加速增长。
Overall, we feel that Zhejiang Extek Technology certainly does have some positive factors to consider. That is, quite an impressive growth in earnings. However, the low profit retention means that the company's earnings growth could have been higher, had it been reinvesting a higher portion of its profits. Until now, we have only just grazed the surface of the company's past performance by looking at the company's fundamentals. You can do your own research on Zhejiang Extek Technology and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.
总之,我们认为浙江杉达科技确实有一些积极的因素需要考虑。即,令人印象深刻的盈利增长。但是,低的利润保留意味着公司的盈利增长可能会更高,如果它重新投资了更高比例的利润。到目前为止,我们只是浏览了公司未来表现的基本面。您可以通过查看这个免费的关于过去盈利、营业收入和现金流的详细图表来研究浙江杉达科技的过去表现。
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