Do Its Financials Have Any Role To Play In Driving Peric Special Gases Co., Ltd.'s (SHSE:688146) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Peric Special Gases Co., Ltd.'s (SHSE:688146) Stock Up Recently?
Peric Special Gases' (SHSE:688146) stock is up by a considerable 10% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Peric Special Gases' ROE today.
过去三个月,沃特世(SHSE: 688146)的股价上涨了10%。由于股价通常与公司的长期财务表现相一致,因此我们决定更仔细地研究其财务指标,以确定其是否对最近的股价走势有所影响。今天我们将特别关注沃特世的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE,即净资产收益率,测试一家公司有效增加价值和管理股东资金的能力。换句话说,它揭示了公司将股东投资转化为利润的成功程度。
How Do You Calculate Return On Equity?
怎样计算ROE?
The formula for ROE is:
roe的公式是:
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 Peric Special Gases is:
因此,根据上述公式,沃特世的roe为:
6.3% = CN¥340m ÷ CN¥5.4b (Based on the trailing twelve months to March 2024).
6.3%= CN¥ 34000万 ÷ CN¥ 54亿(根据最近12个月截至2024年3月)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.06 in profit.
“回报”是企业过去一年赚取的收入。换句话说,每1元人民币的股权,公司能够获得0.06元人民币的利润。
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. 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。
Peric Special Gases' Earnings Growth And 6.3% ROE
沃特世的盈利增长和6.3%的roe
At first glance, Peric Special Gases' ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.3%. Looking at Peric Special Gases' exceptional 21% five-year net income growth in particular, we are definitely impressed. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. 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.
乍一看,沃特世的roe似乎并不是很有前途。但是,更详细的研究表明,公司的roe与行业平均水平相当。特别是,看着沃特世杰出的21%的五年净收入增长,我们绝对印象深刻。考虑到相当低的roe,很可能有其他一些方面正积极影响公司的盈利增长。例如,公司的管理团队可能已经做出了一些好的战略决策,或者公司的股息支付率较低。
Next, on comparing with the industry net income growth, we found that Peric Special Gases' growth is quite high when compared to the industry average growth of 7.8% in the same period, which is great to see.
接下来,通过与行业净收入增长的比较,我们发现沃特世的增长相当高,同期行业平均增长为7.8%,这是非常好的。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240701/0-a1810cd57339297f9397497f7d174fe9-0-1d51309fc86fcd6f2f7ad8a3589e6e9f.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Peric Special Gases fairly valued compared to other companies? These 3 valuation measures might help you decide.
对公司进行估值的基础在很大程度上与其盈利增长相关。投资者需要确定下一步的预期盈利增长是否已经融入了股票价格之中。这样,他们就会知道股票是进入清澈的蓝水还是等着泥泞的水。与其他公司相比,沃特世是否公平价值?这三个估值指标可能会帮助您做出决策。
Is Peric Special Gases Efficiently Re-investing Its Profits?
沃特世是否高效地再投资其利润?
The three-year median payout ratio for Peric Special Gases is 29%, which is moderately low. The company is retaining the remaining 71%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Peric Special Gases is reinvesting its earnings efficiently.
沃特世的三年中位数派息比率为29%,属于中等偏低水平。公司保留了剩余的71%。这表明其股息得到很好的覆盖,并且考虑到我们上面讨论的高增长,看起来沃特世正在有效地再投资其收益。
While Peric Special Gases has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend.
虽然沃特世的收益增长,但它只是最近开始支付股息。公司最有可能决定以股息影响新股东和现有股东。
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。
Overall, we feel that Peric Special Gases certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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.
总的来说,我们认为沃特世确实有一些要考虑的积极因素。尽管roe较低,但通过高比率的再投资,公司设法实现了收益的相当增长。最新的行业分析师预测显示,该公司预计将保持其当前的增长率。这些分析师的预期是基于行业的总体预期,还是基于公司的基本面?单击此处,以前往我们的分析师预测页面。
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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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