Foran Energy Group Co., Ltd.'s (SZSE:002911) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Foran Energy Group Co., Ltd.'s (SZSE:002911) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
With its stock down 11% over the past three months, it is easy to disregard Foran Energy Group (SZSE:002911). 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 Foran Energy Group's ROE today.
佛燃能源(SZSE:002911)股价在过去三个月下跌了11%,很容易被忽视。但是如果您仔细观察,您可能会发现其关键的财务指标相当不错,这意味着股票可能会在长期内潜在上涨,因为市场通常会奖励更具韧性的长期基本面。特别是今天我们将关注佛燃能源的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股东权益回报率(ROE)是测试公司如何有效地增加其价值并管理投资者资金的指标。简而言之,它用于评估公司相对于股本资本的盈利能力。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
The formula for return on equity is:
权益回报率的计算公式是:
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 Foran Energy Group is:
因此,根据上述公式,佛燃能源的roe为:
10% = CN¥932m ÷ CN¥9.0b (Based on the trailing twelve months to March 2024).
10%= CN¥93200万 ÷ CN¥90亿(基于截至2024年3月的过去十二个月)。
The 'return' is the yearly profit. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.10 in profit.
“回报”是年度利润。这意味着公司每1元股东权益可以创造0.10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。
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我们已经确定了roe作为衡量公司未来收益的有效收益率。现在我们需要评估公司再投资或“保留”的利润,以便了解公司的增长潜力。假设其他一切不变,ROE和利润保留率越高,公司的增长率就越高,而与不一定具备这些特征的公司相比。
Foran Energy Group's Earnings Growth And 10% ROE
佛燃能源的盈利增长和10% roe
At first glance, Foran Energy Group's ROE doesn't look very promising. However, its ROE is similar to the industry average of 9.5%, so we won't completely dismiss the company. Even so, Foran Energy Group has shown a fairly decent growth in its net income which grew at a rate of 17%. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看,佛燃能源的roe看起来并不是很有前途。然而,它的roe与行业平均值9.5%相似,因此我们不会完全忽视该公司。 即便如此,佛燃能源的净利润增长率仍相当不错,增长率达17%。 考虑到roe并不特别高,我们认为可能还有其他因素在起作用,可能会影响公司的增长。例如,公司具有较低的股息支付比率或经营效率良好。
Next, on comparing with the industry net income growth, we found that Foran Energy Group's growth is quite high when compared to the industry average growth of 9.4% in the same period, which is great to see.
接下来,我们比较了行业净利润增长率,发现佛燃能源的增长相当高,相对于同期行业平均增长率9.4%而言,这是非常好的迹象。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240620/0-02ac88da27b1023b581488e435019f69-0-51fda7393830f80662686a14d8ca603c.png/big)
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. 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 Foran Energy Group's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是股票估值的一个重要因素。 投资者下一步需要判断的是,预期的盈利增长或缺乏盈利增长是否已经融入股价。通过这样做,他们将了解股票是否进入清晰的蓝色水域,或是等待泥泞的水域。如果你想了解佛燃能源的估值,请查看它的市盈率相对于行业的表现。
Is Foran Energy Group Efficiently Re-investing Its Profits?
佛燃能源是否有效地重新投资其利润?
The high three-year median payout ratio of 70% (or a retention ratio of 30%) for Foran Energy Group suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
佛燃能源的三年高中位数股息支付比率为70%(或留存比率为30%),表明即使将大部分收入返还给股东,该公司的增长也没有受到太大的阻碍。
Moreover, Foran Energy Group is determined to keep sharing its profits with shareholders which we infer from its long history of six years of paying a dividend.
此外,佛燃能源决心继续与股东分享利润,这是由它持续六年支付股息的历史推断而来。
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 Foran Energy Group has some positive aspects to its business. That is, quite an impressive growth in earnings. However, the low profit retention means that the company's earnings growth could have been higher, had it been reinvesting a higher portion of its profits. 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.
总体而言,佛燃能源的业务有一些积极因素。也就是说,收益增长相当令人印象深刻。但是,低的利润保留意味着公司的收益增长可能更高,如果它能重新投资更高比例的利润。不过,该公司的盈利增长预计将放缓,符合当前分析师的预测。要了解有关该公司未来盈利增长预测的更多信息,请查看有关该公司的分析师预测的免费报告。
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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
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