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Are Nanchang Mineral Systems Co., Ltd.'s (SZSE:001360) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

Are Nanchang Mineral Systems Co., Ltd.'s (SZSE:001360) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

考虑到该股票最近的弱势表现,您认为南昌矿山系统股份有限公司(SZSE:001360)的基本面是否足够好以值得购买?
Simply Wall St ·  06/05 22:05

With its stock down 14% over the past week, it is easy to disregard Nanchang Mineral Systems (SZSE:001360). But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Particularly, we will be paying attention to Nanchang Mineral Systems' ROE today.

南昌矿山机械(SZSE:001360)的股价过去一周下跌了14%,但如果你仔细观察,你可能会发现其关键的财务指标看起来相当不错,这意味着股票可能会在长期内上涨,因为市场通常奖励更有韧性的长期基本面。我们今天将特别关注南昌矿山机械的roe。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

净资产收益率(ROE)是衡量公司增值和管理投资者资金有效性的测试。换句话说,它是一种盈利能力比率,用于衡量公司股东提供的资金回报率。

How Is ROE Calculated?

净资产收益率怎么计算?

The formula for ROE is:

roe的公式是:

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 Nanchang Mineral Systems is:

因此,根据上述公式,南昌矿山机械的roe为:

7.2% = CN¥102m ÷ CN¥1.4b (Based on the trailing twelve months to March 2024).

7.2%= CN¥1.02亿 ÷ CN¥14亿 (基于截至2024年3月的过去十二个月)。

The 'return' is the profit over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.07.

“回报”是过去十二个月的利润。因此,这意味着对于每1元人民币的股东投资,公司可以获得0.07元人民币的利润。

What Has ROE Got To Do With Earnings Growth?

ROE与盈利增长有什么关系?

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. 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,我们了解到ROE是衡量一家公司如何高效地产生利润的指标。 根据公司选择重新投资或“保留”的利润的比例,我们能够评估公司未来产生利润的能力。 假设其他所有内容保持不变,则ROE和盈利保留比越高,公司的增长速度就越高,这与那些不一定具备这些特征的公司相比。

Nanchang Mineral Systems' Earnings Growth And 7.2% ROE

南昌矿山机械的盈利增长和7.2%ROE

At first glance, Nanchang Mineral Systems' ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.9%. Having said that, Nanchang Mineral Systems has shown a modest net income growth of 8.6% over the past five years. Considering the moderately low ROE, it is quite possible that there might be some 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.

乍一看,南昌矿山机械的roe看起来并不令人振奋。 但是,更仔细的研究表明,公司的roe与行业平均水平6.9%相似。 话虽如此,南昌矿山机械在过去五年中的净利润增长较为稳健,增长率为8.6%。 考虑到roe相对较低,公司的盈利增长很可能有一些其他积极因素。 例如,公司的支付比率较低或者管理效率高。

Next, on comparing Nanchang Mineral Systems' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 9.5% over the last few years.

接下来,与行业相比,我们发现南昌矿山机械的净利润增长与行业平均增长率9.5%相似。

past-earnings-growth
SZSE:001360 Past Earnings Growth June 6th 2024
SZSE:001360过去的盈利增长2024年6月6日

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Is Nanchang Mineral Systems fairly valued compared to other companies? These 3 valuation measures might help you decide.

盈利增长是考虑估值股票时需要考虑的重要指标。投资者需要判断的下一步是,预期的盈利增长已经或缺乏已经反映在股价中。这有助于他们判断股票是否具有光明或黯淡的未来。南昌矿山机械相对于其他公司是否公平地估值?这3个估值指标可能会帮助您做出决策。

Is Nanchang Mineral Systems Making Efficient Use Of Its Profits?

南昌矿山机械是否高效利用其利润?

With a three-year median payout ratio of 45% (implying that the company retains 55% of its profits), it seems that Nanchang Mineral Systems is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.

从三年的中位数分红比率为45%(意味着公司保留了55%的利润)来看,南昌矿山机械似乎正在通过一种看起来尊重成长的方式进行有效的再投资,并支付了很好覆盖的股息。

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 Nanchang Mineral Systems certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard would have the 2 risks we have identified for Nanchang Mineral Systems.

总体而言,我们认为南昌矿山机械确实有一些积极因素需要考虑。 即使回报率较低,该公司也通过大量再投资业务实现了令人印象深刻的盈利增长。虽然我们不会完全忽略这家公司,但我们会尝试确定业务的风险程度,以做出更为明智的决策。 我们的风险仪表板将列出南昌矿山机械的2个风险。

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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.

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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。

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