Queclink Wireless Solutions Co., Ltd.'s (SZSE:300590) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Queclink Wireless Solutions Co., Ltd.'s (SZSE:300590) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Queclink Wireless Solutions (SZSE:300590) has had a rough month with its share price down 14%. 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. Specifically, we decided to study Queclink Wireless Solutions' ROE in this article.
移为通信(SZSE:300590)的股价在过去一个月下跌了14%,但如果您仔细分析,可能会发现其关键的财务指标看起来相当不错,这可能意味着该股票可能在长期内潜在上涨,因为市场通常会奖励更具弹性的长期基本面。具体来说,我们在本文中决定研究移为通信的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
对于股东来说,股东回报率(ROE)是一个重要的考虑因素,因为它告诉股东他们的资本被有效地再投资了多少。换句话说,它是一个衡量公司股东提供的资本回报率的盈利能力比率。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
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 Queclink Wireless Solutions is:
因此,根据上述公式,移为通信的roe为:
9.1% = CN¥163m ÷ CN¥1.8b (Based on the trailing twelve months to March 2024).
9.1%=CN¥16300万 ÷ CN¥18亿(基于截至2024年3月的过去十二个月)
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.09 in profit.
“收益”是企业在过去一年中获得的收入。这意味着对于每个人民币1元的股东权益价值,该公司创造了CN¥0.09元的利润。
What Is The Relationship Between ROE And Earnings Growth?
既然我们已经确定ROE是一种有效的利润生成标准,用于评估公司未来的盈利能力,我们现在需要评估公司“保留”为未来增长而重新投资的利润多少,这使我们对公司的增长潜力有了一个了解。一般而言,在其他条件相等的情况下,ROE和利润留存高的公司,增长率比没有这些属性的公司要高。
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roe是公司利润能力的一个衡量标准,现在我们需要评估公司再投资或“保留”的利润,以此来了解公司的增长潜力。假设其他所有因素保持不变,roe和利润保留率越高,公司的增长速度就越高,相对于不一定具备这些特征的公司而言。
A Side By Side comparison of Queclink Wireless Solutions' Earnings Growth And 9.1% ROE
移为通信的盈利增长和9.1%roe的并列比较
At first glance, Queclink Wireless Solutions' ROE doesn't look very promising. However, the fact that the company's ROE is higher than the average industry ROE of 6.2%, is definitely interesting. Still, Queclink Wireless Solutions' net income growth of 2.8% over the past five years was mediocre at best. Remember, the company's ROE is quite low to begin with, just that it is higher than the industry average. Hence, this goes some way in explaining the low earnings growth.
乍一看,移为通信的roe看起来并不太有前途。但是,公司的roe高于6.2%的行业平均roe的事实肯定是有趣的。但是,移为通信过去五年的净利润增长率仅为2.8%,至多是平庸的。请记住,公司的roe本来就很低,只是高于行业平均水平。因此,这在一定程度上解释了收益增长低的原因。然后,我们将移为通信的净利润增长与行业进行了比较,并发现公司的增长数据较低,低于同一5年期内的15%的行业平均增长率,这有点令人担忧。
We then compared Queclink Wireless Solutions' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 15% in the same 5-year period, which is a bit concerning.
因此,我们将移为通信的净利润增长与行业进行比较,并发现在同一5年期内,公司的增长速度低于行业平均增长率15%,这有点令人担忧。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240608/0-e6557d53508f021ff28f11cd725130d3-0-e9d9ca215cee84bd5638378e2c0f5f9f.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Queclink Wireless Solutions''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
评估公司价值的基础在很大程度上取决于其收益增长。投资者应该尝试确定预期的收益增长或下降(无论是哪种情况),是否已定价。这样做,他们将了解股票是在走向明朗的蓝色水域还是在等待泥泞的水域。如果您想了解移为通信的估值,请查看其市盈率的这个标准,与其行业进行比较。
Is Queclink Wireless Solutions Using Its Retained Earnings Effectively?
移为通信是否有效利用其留存收益?
Despite having a normal three-year median payout ratio of 30% (or a retention ratio of 70% over the past three years, Queclink Wireless Solutions has seen very little growth in earnings as we saw above. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
尽管移为通信的三年中位数支付比率为30%(或过去三年的留存比率为70%),但正如我们上面所看到的,其盈利增长非常有限。因此,可能有其他原因可以解释这种缺乏。例如,业务可能正在下降。
Moreover, Queclink Wireless Solutions has been paying dividends for seven years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer dividends over earnings growth.
此外,移为通信已经派发股息七年了,这是相当长的时间,表明管理层必须认为股东们更喜欢股息而不是盈利增长。
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 Queclink Wireless Solutions certainly does have some positive factors to consider. Yet, the low earnings growth is a bit concerning, especially given that the company has a respectable rate of return and is reinvesting a huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总的来说,我们认为移为通信确实有一些考虑的积极因素。但收益增长的低迷令人有点担忧,尤其是考虑到公司具有可观的回报率,并且正在重新投资其利润的巨大部分。看起来可能还有一些其他因素,不一定在业务的控制之下,阻止了增长。不过,最新的分析师预测表明,该公司的盈利将继续扩张。这些分析师的预期是基于行业的广泛预期还是基于公司的基本面?单击此处转到我们的分析师预测页。
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