Is The Market Rewarding KSEC Intelligent Technology Co., Ltd. (SZSE:301311) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
Is The Market Rewarding KSEC Intelligent Technology Co., Ltd. (SZSE:301311) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
KSEC Intelligent Technology (SZSE:301311) has had a rough week with its share price down 9.3%. It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Long-term fundamentals are usually what drive market outcomes, so it's worth paying close attention. Specifically, we decided to study KSEC Intelligent Technology's ROE in this article.
KSEC智能科技(深交所:301311)上周股价下跌了9.3%。可能市场忽略了公司不同的财务状况,并决定倾向于消极情绪。长期的基本面通常是推动市场结果的主要驱动力,因此值得密切关注。具体而言,在本文中,我们决定研究KSEC智能科技的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股东权益回报率(ROE)是检验公司增加其价值和管理投资者资金有效性的测试。简而言之,ROE显示每个美元的利润与其股东的投资有关。
How Is ROE Calculated?
净资产收益率怎么计算?
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 KSEC Intelligent Technology is:
因此,根据上述公式,KSEC智能科技的roe为:
4.4% = CN¥81m ÷ CN¥1.9b (Based on the trailing twelve months to March 2024).
4.4%= CN¥81m ÷ CN¥1.9b(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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.04 in profit.
‘回报’是过去12个月税后赚的金额。另一种思考方法是,对于每个人民币价值的股权,在利润方面,该公司能够赚取4分钱。
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. 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. 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,roe是一个有效的利润生成衡量标准,用于评估公司未来的盈利能力。根据公司再投资或“保留”这些利润的比例以及这样做的有效性,我们能够评估公司的盈利增长潜力。假设其他所有因素保持不变,roe和利润保留的比例越高,相对于没有这些特征的公司,公司的增长率就越高。
KSEC Intelligent Technology's Earnings Growth And 4.4% ROE
KSEC智能科技的盈利增长和4.4%roe。
As you can see, KSEC Intelligent Technology's ROE looks pretty weak. Not just that, even compared to the industry average of 6.9%, the company's ROE is entirely unremarkable. As a result, KSEC Intelligent Technology's flat earnings over the past five years doesn't come as a surprise given its lower ROE.
正如您所看到的,KSEC智能科技的roe看起来相当弱。不仅如此,即使与6.9%的行业平均水平相比,该公司的roe也完全不足挂齿。因此,考虑到较低的roe,该公司过去五年中的平稳盈利也并不令人意外。
As a next step, we compared KSEC Intelligent Technology's net income growth with the industry and discovered that the industry saw an average growth of 9.5% in the same period.
接下来,我们比较了KSEC智能科技的净利润增长与行业,并发现,在同一时期,该行业的平均增长率为9.5%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240626/0-e9faa9351ee8e45ee092b376933098bb-0-856ab409de6e11835d1a0a5fea82c47a.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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 KSEC Intelligent Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
评估一家公司的价值,很大程度上与其盈利增长相关。了解市场是否已经将公司预期的盈利增长(或下降)价格化非常重要。这将有助于投资者确定股票未来的前景看起来是有前途还是不妙。如果您想了解KSEC智能科技的估值,请查看其市盈率与行业的比较。
Is KSEC Intelligent Technology Efficiently Re-investing Its Profits?
KSEC智能科技是否有效地再投资其利润?
KSEC Intelligent Technology's low three-year median payout ratio of 13%, (meaning the company retains87% of profits) should mean that the company is retaining most of its earnings and consequently, should see higher growth than it has reported.
KSEC智能科技三年低中值股息比率为13%(意味着公司保留了87%的利润),这意味着该公司保留了大部分收益,因此应该会看到比其报告的更高的增长。
Only recently, KSEC Intelligent Technology started paying a dividend. This means that the management might have concluded that its shareholders prefer dividends over earnings growth.
只有最近,KSEC智能科技才开始派发股息。这意味着管理层可能已经得出结论,其股东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。
On the whole, we feel that the performance shown by KSEC Intelligent Technology can be open to many interpretations. Even though it appears to be retaining most of its profits, given the low ROE, investors may not be benefitting from all that reinvestment after all. The low earnings growth suggests our theory correct. Up till now, we've only made a short study of the company's growth data. You can do your own research on KSEC Intelligent Technology and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.
总体而言,我们认为KSEC智能科技表现出来的可以有很多解释。尽管它似乎保留了大部分利润,但考虑到较低的roe,投资者可能并未从所有再投资中受益。低盈利增长表明我们的理论是正确的。到目前为止,我们仅对公司的增长数据进行了短暂的研究。您可以进行您自己的研究,了解KSEC智能科技的过去表现情况,查看过去收益、营业收入和现金流的详细图表。
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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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