Will Weakness in Piotech Inc.'s (SHSE:688072) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Piotech Inc.'s (SHSE:688072) Stock Prove Temporary Given Strong Fundamentals?
It is hard to get excited after looking at Piotech's (SHSE:688072) recent performance, when its stock has declined 12% over the past three months. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Piotech's ROE.
看完翻优科技(SHSE:688072)近三个月的表现,人们很难激动起来,因为它的股价下跌了12%。但是,股票价格通常是由公司长期的财务表现推动的,在这种情况下,情况看起来非常有前景。在这篇文章中,我们决定关注翻优科技的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股东权益回报率(ROE)是检验公司增加其价值和管理投资者资金有效性的测试。简而言之,ROE显示每个美元的利润与其股东的投资有关。
How Is ROE Calculated?
净资产收益率怎么计算?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算:
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 Piotech is:
因此,根据上述公式,翻优科技的roe为:
13% = CN¥619m ÷ CN¥4.6b (Based on the trailing twelve months to March 2024).
13% = CN¥619m ÷ CN¥4.6b(基于最近12个月截至2024年3月)。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.13.
“回报率”是企业过去一年所获得的收入。这意味着,对于每一元股东的投资,公司能够创造CN¥0.13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. 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.
我们已经确定roe是公司未来盈利的高效衡量标准。根据公司选择重新投资或“保留”利润的数量,我们可以评估公司未来盈利能力。一般来说,在其他条件相等的情况下,roe和利润保留率高的公司比不具备这些属性的公司增长率更高。
Piotech's Earnings Growth And 13% ROE
翻优科技的盈利增长和13%的roe
To start with, Piotech's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 5.7%. Probably as a result of this, Piotech was able to see an impressive net income growth of 59% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.
首先,翻优科技的roe看起来是可以接受的。此外,公司的roe与行业平均水平相比较有利。在过去五年中,翻优科技的净利润增长率高达59%,我们认为可能还有其他一些积极影响公司盈利增长的因素。例如,公司的股息支付率低或经营高效。
We then compared Piotech'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 20% in the same 5-year period.
我们还将翻优科技的净利润增长率与行业进行了比较,很高兴地看到,翻优科技的增长率在同一5年期内高于行业的20%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240602/0-83d2b6e99f20eec28cd6d5321332e014-0-e8b19970930f78ae4f657c0f9b476aa9.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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Piotech fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的一个重要因素。对于投资者来说,了解市场是否已经定价了公司预期的盈利增长(或下降)非常重要。通过这样做,他们将会知道股票是走向清澈的蓝水还是等待着泥泞的水域。与其他公司相比,翻优科技的估值是否合理?这3个估值指标可能会帮助您作出决定。
Is Piotech Using Its Retained Earnings Effectively?
翻优科技是否有效利用了其留存收益?
Piotech's three-year median payout ratio to shareholders is 8.3%, which is quite low. This implies that the company is retaining 92% of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
翻优科技三年中位数的股息支付比率为8.3%,相当低。这意味着公司将92%的利润留作投资。因此,看起来管理层正在通过投入大量利润来增长业务,并反映在其盈利增长数字中。
While Piotech has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend.
虽然翻优科技的收益增长,但它刚刚开始支付股息。很可能是公司决定通过股息来吸引新和现有的股东。
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。
In total, we are pretty happy with Piotech's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总的来说,我们对翻优科技的表现感到非常满意。特别是,公司正在大量投入业务,并且具有高回报率,这导致了其业绩的大幅增长。不过,根据目前分析师的预测,公司的盈利增长预计会放缓。欲知更多关于公司未来盈利增长预测的信息,请查看此免费的分析师预测报告。
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