Will Weakness in 3onedata Co., Ltd.'s (SHSE:688618) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in 3onedata Co., Ltd.'s (SHSE:688618) Stock Prove Temporary Given Strong Fundamentals?
With its stock down 25% over the past three months, it is easy to disregard 3onedata (SHSE:688618). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on 3onedata's ROE.
股价在过去三个月下跌25%，很容易忽略3onedata（SHSE: 688618）。但股票价格通常受到公司长期财务表现的驱动，在这种情况下，前景看起来相当有前途。在本文中，我们决定关注3onedata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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
roe指股东权益回报率，是一种有用的工具，用于评估公司如何有效地从股东获得的投资中产生回报。简单来说，这衡量了一家公司相对于股东权益的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算？
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算：
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 3onedata is:
因此，根据上述公式，3onedata的roe为：
13% = CN¥113m ÷ CN¥877m (Based on the trailing twelve months to March 2024).
13％=CN¥11300万÷CN¥87700万（基于截至2024年3月的过去十二个月）。
The 'return' is the profit 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¥0.13 in profit.
“回报”是过去12个月的利润。另一种思考方式是，对于每1元人民币的股权，公司能够获得0.13元人民币的利润。
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. 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. 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是公司未来盈利的高效衡量标准。根据公司选择重新投资或“保留”利润的数量，我们可以评估公司未来盈利能力。一般来说，在其他条件相等的情况下，roe和利润保留率高的公司比不具备这些属性的公司增长率更高。
A Side By Side comparison of 3onedata's Earnings Growth And 13% ROE
3onedata的盈利增长和13%roe的并列比较。
At first glance, 3onedata seems to have a decent ROE. On comparing with the average industry ROE of 6.2% the company's ROE looks pretty remarkable. This probably laid the ground for 3onedata's significant 20% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看，3onedata的roe似乎还不错。与行业平均roe 6.2％相比，该公司的roe看起来非常出色。这可能为3onedata在过去五年中看到的显着20％净收入增长奠定了基础。我们认为这里还可能有其他因素在起作用，例如公司具有较低的股利支付比率或正在高效管理。
Next, on comparing with the industry net income growth, we found that 3onedata's growth is quite high when compared to the industry average growth of 15% in the same period, which is great to see.
其次，与行业净收入增长相比，我们发现3onedata的增长相当高，与同期15％的行业平均增长相比非常好。
Earnings growth is an important metric to consider when valuing a stock. 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. Has the market priced in the future outlook for 688618? You can find out in our latest intrinsic value infographic research report.
盈利增长是估值股票时要考虑的重要指标。投资者知道市场是否已经定价了公司预期的盈利增长（或下降）非常重要。这将有助于他们确定股票的未来前景是否看起来有前途或不妙。市场是否已为688618的未来前景定价？您可以在我们的最新内在价值信息图研究报告中找到答案。
Is 3onedata Making Efficient Use Of Its Profits?
3onedata是否有效利用了其利润？
3onedata's three-year median payout ratio is a pretty moderate 28%, meaning the company retains 72% of its income. By the looks of it, the dividend is well covered and 3onedata is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
3onedata的三年中位数股息支付比率相当适中，为28％，这意味着该公司保留了其收入的72％。看起来分红已得到很好的保障，并且3onedata正在以我们上面讨论的杰出增长作为证据有效地再投资其利润。
Besides, 3onedata 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，3onedata已在三年期内支付股息。这表明公司致力于与股东分享利润。
Conclusion
结论
In total, we are pretty happy with 3onedata's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high 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. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总的来说，我们对3onedata的表现相当满意。特别是我们喜欢该公司正在大量再投资，并且回报率很高。不出所料，最新的分析师预测显示，该公司将继续看到其收益的扩张。要了解更多有关公司的最新分析师预测，请查看此分析师预测的可视化。
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