Could The Market Be Wrong About NINGBO HENGSHUAI Co., LTD. (SZSE:300969) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About NINGBO HENGSHUAI Co., LTD. (SZSE:300969) Given Its Attractive Financial Prospects?
With its stock down 14% over the past three months, it is easy to disregard NINGBO HENGSHUAI (SZSE:300969). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to NINGBO HENGSHUAI's ROE today.
随着股票在过去三个月内下跌14%,很容易忽视宁博恒帅(SZSE:300969)。然而,仔细查看其稳健的财务状况可能会使您重新考虑。鉴于基本面通常驱动长期市场结果,公司值得关注。特别是,我们将关注N宁博恒帅的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?
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 NINGBO HENGSHUAI is:
因此,根据上述公式,宁波恒帅的ROE为:
20% = CN¥226m ÷ CN¥1.2b (Based on the trailing twelve months to March 2024).
20%=CN ¥22,600万÷CN ¥12亿(基于截至2024年3月的过去十二个月)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.20.
这里的“回报”是指公司过去一年的收益。这意味着,对于股东投资的每CN¥1,公司可以创造CN¥0.20的利润。
What Has ROE Got To Do With Earnings Growth?
ROE与盈利增长有什么关系?
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 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.
我们已经确认roe是一个有效的盈利指标,用于衡量公司未来的盈利能力。现在我们需要评估公司为未来增长重新投资或“保留”的利润有多少,这将给我们提供有关公司增长潜力的想法。假设其他一切相等,具有更高回报率和更高盈利保留的公司通常比没有同样特点的公司具有更高的增长率。
NINGBO HENGSHUAI's Earnings Growth And 20% ROE
宁博恒帅的盈利增长和20% roe
To start with, NINGBO HENGSHUAI's ROE looks acceptable. Especially when compared to the industry average of 8.1% the company's ROE looks pretty impressive. This probably laid the ground for NINGBO HENGSHUAI's significant 29% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
首先,宁博恒帅的roe看起来是可接受的。特别是与行业平均水平8.1%相比,公司的roe看起来相当令人印象深刻。这可能为宁博恒帅在过去五年中显着增长29%的净利润打下了基础。我们认为这里也可能存在其他因素。例如,该公司的管理层可能已经做出了一些很好的战略决策,或者该公司的派息比率较低。
We then compared NINGBO HENGSHUAI's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 8.4% in the same 5-year period.
然后,我们将宁博恒帅的净利润增长与行业进行了比较,并且很高兴看到该公司的增长率比行业高,在同一五年期内的增长率为8.4%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240626/0-4d69b222fe01f6c8e9dacc4a27c04dd6-0-6ffc7ced49948c00ee294124828cc6e8.png/big)
Earnings growth is an important metric to consider when valuing a stock. 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. Has the market priced in the future outlook for 300969? You can find out in our latest intrinsic value infographic research report.
盈利增长是估值股票时需要考虑的重要指标。投资者应该尝试确定预期的盈利增长或下降,无论哪种情况,都会被定价。通过这样做,他们将了解股票是进入清澈的蓝色水域还是等待沼泽水域。市场是否定价为300969的未来前景?您可以在我们最新的内在价值信息图研究报告中找到答案。
Is NINGBO HENGSHUAI Making Efficient Use Of Its Profits?
宁博恒帅是否有效利用其利润?
NINGBO HENGSHUAI has a really low three-year median payout ratio of 15%, meaning that it has the remaining 85% left over to reinvest into its business. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
宁波恒帅三年的中位数派息比率非常低(15%),这意味着它剩余的85%用于再投资其业务。因此,看起来管理层正在大量再投资利润以增长业务,反映在其盈利增长数字中。
Besides, NINGBO HENGSHUAI has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.
此外,宁博恒帅在三年的时间内一直在分红派息。这表明该公司致力于与股东分享利润。
Conclusion
结论
Overall, we are quite pleased with NINGBO HENGSHUAI's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. 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.
总的来说,我们对宁博恒帅的表现非常满意。特别是,我们喜欢该公司以高回报率重投资了大量利润的做法。当然,这使该公司的收益增长了很多。话虽如此,根据目前的分析师预测,该公司的盈利增长预计将放缓。要了解有关公司未来盈利增长预测的更多信息,请查看有关该公司分析师预测的免费报告。
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对本文有反馈?关于内容有所顾虑?直接和我们联系。或电邮 editorial-team (at) simplywallst.com。
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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