Is Weakness In Shanghai Hanbell Precise Machinery Co., Ltd. (SZSE:002158) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Shanghai Hanbell Precise Machinery Co., Ltd. (SZSE:002158) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
It is hard to get excited after looking at Shanghai Hanbell Precise Machinery's (SZSE:002158) recent performance, when its stock has declined 21% over the past three months. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Shanghai Hanbell Precise Machinery's ROE today.
香港上市的汉钟精机（SZSE:002158）最近的表现不尽如人意，过去三个月股票下跌了21%。但是，如果仔细关注，您可能会发现其强大的财务状况意味着，长期来看，股票有可能增值，因为市场通常会奖励财务状况良好的公司。尤其是，今天我们将会关注汉钟精机的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 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 Shanghai Hanbell Precise Machinery is:
所以，根据以上公式，汉钟精机的roe是： 23% = CN¥89700万 ÷ CN¥39亿（截至2024年3月的过去十二个月）。
23% = CN¥897m ÷ CN¥3.9b (Based on the trailing twelve months to March 2024).
“回报”是税后过去十二个月的盈利，这意味着，对于每个CN¥1的股东权益，公司产生了CN¥0.23的利润。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.23 in profit.
汉钟精机的盈利增长和23％的roe 首先，我们承认汉钟精机的roe相当高。此外，公司的roe高于6.9％的行业平均水平，这相当值得注意。在这种情况下，汉钟精机良好的五年净利润增长30％是可以预期的。
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。
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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 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.
因此，我们已经了解到roe是衡量公司利润率的有效方法。根据公司重新投资或“保留”这些收益的程度以及其有效程度，我们就能评估公司的盈利增长潜力。假设其他条件相同，权益回报率和利润保留越高的公司通常比没有相同特点的公司具有更快的增长率。
Shanghai Hanbell Precise Machinery's Earnings Growth And 23% ROE
其次，我们将汉钟精机的净利润增长与行业进行了比较，并令人高兴的是，我们发现公司所见的增长高于9.5％的平均行业增长。
Firstly, we acknowledge that Shanghai Hanbell Precise Machinery has a significantly high ROE. Additionally, the company's ROE is higher compared to the industry average of 6.9% which is quite remarkable. Under the circumstances, Shanghai Hanbell Precise Machinery's considerable five year net income growth of 30% was to be expected.
作为下一步，我们将汉钟精机的净利润增长与该行业进行了比较，并令人高兴的是，我们发现公司所见的增长高于9.5％的平均行业增长。
As a next step, we compared Shanghai Hanbell Precise Machinery's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 9.5%.
SZSE:002158过去的盈利增长2024年7月3日 附加值的基础在很大程度上取决于公司的盈利增长。对于投资者来说，了解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。这样做将有助于他们确定股票的未来看起来是有前途还是不祥。如果您想了解汉钟精机的估值，请查看该公司的市盈率与各自行业相比的比较。
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 Shanghai Hanbell Precise Machinery's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
汉钟精机的三年中位数股息支付率是相当适中的36％，这意味着公司保留了其收入的64％。因此，汉钟精机正在以一种高效的方式进行再投资，以实现其盈利的显着增长（上述已讨论），并支付良好覆盖的股息。此外，汉钟精机已经至少十年或更长时间支付股息。这表明该公司致力于与其股东分享利润。根据最新的分析师估计，我们发现公司未来三年的股息支付比率预计将保持稳定在38％。因此，据分析师预测roe约为21％，公司的roe预计不会有太大变化。
Is Shanghai Hanbell Precise Machinery Using Its Retained Earnings Effectively?
总的来说，我们对汉钟精机的表现相当满意。特别是，看到公司大力投资经营业务，并且收益率很高，这导致了其盈利的大幅增长，这是非常好的。话虽如此，公司的盈利增长有望放缓，如当前分析师预测所示。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。
Shanghai Hanbell Precise Machinery's three-year median payout ratio is a pretty moderate 36%, meaning the company retains 64% of its income. So it seems that Shanghai Hanbell Precise Machinery is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
汉钟精机的三年中位数股息支付率相当适中，为36％，这意味着公司保留了其收入的64％。因此，看起来汉钟精机正在以一种高效的方式进行再投资，以实现其盈利的显着增长（上述已讨论），并支付良好覆盖的股息。
Besides, Shanghai Hanbell Precise Machinery has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 38%. As a result, Shanghai Hanbell Precise Machinery's ROE is not expected to change by much either, which we inferred from the analyst estimate of 21% for future ROE.
此外，汉钟精机已经至少十年或更长时间支付股息。这表明该公司致力于与其股东分享利润。根据最新的分析师估计，我们发现公司未来三年的股息支付比率预计将保持稳定在38％。因此，据分析师预测roe约为21％，公司的roe预计不会有太大变化。
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, we are pretty happy with Shanghai Hanbell Precise Machinery's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable 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，我们对汉钟精机的表现相当满意。特别是，看到公司大力投资经营业务，并且收益率很高，这导致了其盈利的大幅增长，这是非常好的。话虽如此，公司的盈利增长有望放缓，如当前分析师预测所示。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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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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