Guizhou Aviation Technical Development Co., Ltd (SHSE:688239) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Guizhou Aviation Technical Development Co., Ltd (SHSE:688239) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Guizhou Aviation Technical Development (SHSE:688239) has had a rough month with its share price down 6.7%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Guizhou Aviation Technical Development's ROE today.
贵州航空科技发展(SHSE:688239)最近一个月股价下跌了6.7%。但是,如果您仔细关注,您可能会发现其强大的财务状况意味着该股票在长期内有可能增值,因为市场通常会奖励财务状况良好的公司。特别是,今天我们将关注贵州航空科技发展的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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率或roe是评估公司管理层如何有效利用公司资本的关键指标。简而言之,ROE显示每美元股东投资所产生的利润。
How Do You Calculate Return On Equity?
怎样计算ROE?
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 Guizhou Aviation Technical Development is:
因此,根据上述公式,贵州航空技术发展的ROE为:
11% = CN¥190m ÷ CN¥1.8b (Based on the trailing twelve months to March 2024).
11%= CN¥19000万 ÷ CN¥18亿(基于截至2024年3月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回报”是指公司过去十二个月税后所赚的金额。这意味着,每1元股东权益产生了0.11元的利润。
Why Is ROE Important For Earnings Growth?
ROE对于盈利增长的重要性是什么?
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. 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对于公司未来收益的有效衡量工具。根据公司再投资或“留存”这些利润的程度及其有效性,我们随后可以评估公司的收益增长潜力。一般而言,其他条件相同的情况下,roe和利润留存率较高的公司比不具备这些属性的公司具有更高的增长率。
Guizhou Aviation Technical Development's Earnings Growth And 11% ROE
贵州航空科技发展的收益增长和11%的roe
On the face of it, Guizhou Aviation Technical Development's ROE is not much to talk about. However, the fact that the its ROE is quite higher to the industry average of 5.0% doesn't go unnoticed by us. Especially when you consider Guizhou Aviation Technical Development's exceptional 27% net income growth over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Hence, there might be some other aspects that are causing earnings to grow. For example, it is possible that the broader industry is going through a high growth phase, or that the company has a low payout ratio.
表面上看,贵州航空科技发展的roe不值得一提。然而,其roe相当高于5.0%的行业平均值,这一点我们不会忽视。特别是如果您考虑到贵州航空科技发展过去五年杰出的27%的净利润增长,那么您就会发现情况并非如此。尽管如此,该公司的roe略微偏低,但仍高于行业平均水平。因此,可能有其他方面导致收益增长,例如,可能是整个行业正在经历高增长阶段,或者公司具有较低的派息比率。
As a next step, we compared Guizhou Aviation Technical Development's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 10%.
作为下一步,我们将贵州航空科技发展的净利润增长与行业进行了比较,令人高兴的是,我们发现公司的增长高于10%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240619/0-a339db68183f8f7add07356f9ae22670-0-0563594e94a665900b9250d271a74940.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). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Guizhou Aviation Technical Development's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是股票估值中的重要因素。投资者知道市场是否已经定价了公司预期的收益增长(或下降)非常重要。这样做将有助于确定股票的未来前景是有前途还是危险。如果您想知道贵州航空科技发展的估值,请查看它的市盈率,以及与其同行业的比较。
Is Guizhou Aviation Technical Development Using Its Retained Earnings Effectively?
贵州航空科技发展是否有效地利用了其留存收益?
Guizhou Aviation Technical Development has a really low three-year median payout ratio of 18%, meaning that it has the remaining 82% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
贵州航空科技发展的三年中位数派息比率非常低,为18%,这意味着它有剩余的82%可以重新投资于业务中。这表明管理层正在重新投资大部分利润来扩展业务,正如公司所实现的增长一样。
Along with seeing a growth in earnings, Guizhou Aviation Technical Development only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 17%. Still, forecasts suggest that Guizhou Aviation Technical Development's future ROE will rise to 20% even though the the company's payout ratio is not expected to change by much.
除了看到收益增长,贵州航空科技发展最近刚开始支付股息。公司有可能在寻求让股东印象深刻。根据最新的分析师估计,我们发现公司未来三年的派息比率预计将保持稳定在17%。尽管如此,预测表明贵州航空科技发展未来的roe将上升至20%,尽管公司的派息比率不会有太大变动。
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 Guizhou Aviation Technical Development's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings 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.
总之,我们对贵州航空科技发展的表现感到非常满意。特别是,我们喜欢该公司以适度的回报率大力重新投资于业务中的做法。毫不奇怪,这导致了令人印象深刻的收益增长。尽管如此,最新的分析师预测表明,公司未来将继续看到收益的扩张。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?单击此处以进入我们的分析师预测页面查看公司的预测。
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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
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