Wafer Works (Shanghai) Co., Ltd.'s (SHSE:688584) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Wafer Works (Shanghai) Co., Ltd.'s (SHSE:688584) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Wafer Works (Shanghai) (SHSE:688584) has had a great run on the share market with its stock up by a significant 15% over the last month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Wafer Works (Shanghai)'s ROE.
Wafer Works(Shanghai)(SHSE:688584)股票在股票市场上的表现非常抢眼,股价在过去一个月内大涨15%。我们想知道公司的财务因素是否对股价变动起到了作用,因为企业长期基本面通常会决定市场走势。在本文中,我们决定关注 Wafer Works(Shanghai)的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股东权益报酬率是一种有用的工具,用于评估一家公司能否有效地利用来自股东的投资产生回报。换句话说,它揭示了公司将股东的投资变成利润的成功程度。
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 Wafer Works (Shanghai) is:
因此,根据上述公式,Wafer Works(Shanghai)的roe是:
4.9% = CN¥206m ÷ CN¥4.2b (Based on the trailing twelve months to March 2024).
4.9%= CN¥206m ÷ CN¥4.2b(截至2024年3月的过去12个月)。
The 'return' is the amount earned after tax 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¥0.05.
“回报”是指过去12个月税后所赚取的金额。因此,这意味着对于公司每股东投资1元钱,公司能够创造出0.05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?
So far, we've learned that ROE is a measure of a company's profitability. 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 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.
到目前为止,我们已经了解到roe是衡量公司盈利能力的一种指标。根据公司选择重新投资或'保留'多少利润,我们就能够评估公司未来生成利润的能力。假设其他条件相同,那些具有更高股本回报率和更高利润留存的公司通常比没有这些特征的公司有更高的增长率。
Wafer Works (Shanghai)'s Earnings Growth And 4.9% ROE
Wafer Works(Shanghai) 的盈利增长和4.9%的roe
As you can see, Wafer Works (Shanghai)'s ROE looks pretty weak. An industry comparison shows that the company's ROE is not much different from the industry average of 5.8% either. However, the exceptional 20% net income growth seen by Wafer Works (Shanghai) over the past five years is pretty remarkable. Considering the low ROE, it is quite possible that there might also 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.
正如您所看到的,Wafer Works(Shanghai)的roe看起来相当弱。与行业平均值5.8%相比,公司的roe也没有太大差异。然而,在过去五年中,Wafer Works(Shanghai)独特的20%的净利润增长非常卓越。考虑到roe低,公司的盈利增长可能也受到其他一些积极因素的影响。例如,该公司的派息比率较低或者效率极高。
As a next step, we compared Wafer Works (Shanghai)'s net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 20% in the same period.
作为下一步,我们将Wafer Works( Shanghai)的净利润增长与行业进行了比较,并发现公司的增长率与行业平均增长率相近。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240614/0-399097369490260ef10975de3fedc6f9-0-d2ffa4a454140b1f2c11dcebc9444d1c.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Wafer Works (Shanghai) is trading on a high P/E or a low P/E, relative to its industry.
对于公司的附加价值基础很大程度上取决于其盈利增长。接下来投资者需要确定的是,预期的盈利增长或其缺乏是否已经反映在股价中。这样做将有助于他们确定股票的未来前景是看好还是不妙。确定预期盈利增长的一个好的指标是市盈率,它根据公司的盈利前景决定市场愿意为股票支付的价格。因此,您可能需要查看Wafer Works(Shanghai)的市盈率是否与其行业相比处于高位还是低位。
Is Wafer Works (Shanghai) Making Efficient Use Of Its Profits?
Wafer Works(Shanghai)是否有效利用其利润?
While the company did pay out a portion of its dividend in the past, it currently doesn't pay a regular dividend. This is likely what's driving the high earnings growth number discussed above.
虽然该公司过去支付了一部分股息,但目前并没有支付常规股息。这可能是上述高盈利增长数字的原因。
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, it does look like Wafer Works (Shanghai) has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. So far, we've only made a quick discussion around the company's earnings growth. To gain further insights into Wafer Works (Shanghai)'s past profit growth, check out this visualization of past earnings, revenue and cash flows.
总的来说,Wafer Works(Shanghai)的业务具有一些积极的方面。尽管回报率较低,但公司将其利润的很大一部分重新投资于其业务中,这无疑有助于其高利润增长。到目前为止,我们只是简单地讨论了该公司的盈利增长。要进一步了解Wafer Works(Shanghai)过去的盈利增长,请查看过去盈利、营业收入和现金流的可视化。
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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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。