Declining Stock and Solid Fundamentals: Is The Market Wrong About Shenzhen Hopewind Electric Co., Ltd. (SHSE:603063)?
Declining Stock and Solid Fundamentals: Is The Market Wrong About Shenzhen Hopewind Electric Co., Ltd. (SHSE:603063)?
It is hard to get excited after looking at Shenzhen Hopewind Electric's (SHSE:603063) recent performance, when its stock has declined 36% over the past three months. 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. Specifically, we decided to study Shenzhen Hopewind Electric's ROE in this article.
当看到深圳禾望电气(SHSE:603063)近三个月股票下跌36%时,很难感到兴奋。然而,仔细观察其良好的财务状况可能会使您再次思考。考虑到基本面通常驱动长期市场结果,这家公司值得关注。具体来说,我们在本文中决定研究深圳禾望电气的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 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 Shenzhen Hopewind Electric is:
因此,根据上述公式,深圳禾望电气的ROE为:
12% = CN¥489m ÷ CN¥4.1b (Based on the trailing twelve months to March 2024).
12%= CN¥48900万 ÷ CN¥41亿(根据截至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¥0.12 in profit.
'回报'是过去十二个月的利润。我们可以这样想,对于每一元股权,公司能够赚取CN¥0.12的利润。
What Is The Relationship Between ROE And Earnings Growth?
ROE与盈利增长之间的关系是什么?
So far, we've learned that ROE is a measure of a company's profitability. 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. 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.
到目前为止,我们已经了解到roe是公司盈利能力的一种衡量标准。根据公司选择重新投资或“留存”的利润比例,我们能够评估公司未来产生利润的能力。其他条件不变的情况下,roe和盈利留存越高,相较于不具备这些特征的公司,企业的增长率越高。
Shenzhen Hopewind Electric's Earnings Growth And 12% ROE
禾望电气的盈利增长率和12%的roe
At first glance, Shenzhen Hopewind Electric seems to have a decent ROE. Especially when compared to the industry average of 6.9% the company's ROE looks pretty impressive. Probably as a result of this, Shenzhen Hopewind Electric was able to see an impressive net income growth of 33% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.
一开始,禾望电气的roe看起来还不错,特别是与行业平均水平6.9%相比,公司的roe看起来相当令人印象深刻。可能正是因为此,禾望电气过去五年的净利润增长高达33%。我们认为,公司盈利增长可能还有其他积极因素的推动,例如公司的股息支出比率较低或经营效率较高。
As a next step, we compared Shenzhen Hopewind Electric'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 12%.
接下来,我们将禾望电气的净利润增长与行业进行了比较,令人欣喜的是,我们发现,公司的增长率高于12%的平均行业增长率。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240707/0-895fed30ae5f93b66ada6290cc8c5d8c-0-528c55b23885f7c7e58280dd6fd00bad.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. Doing so will help them establish if the stock's future looks promising or ominous. Is 603063 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
给公司价值的基础很大程度上取决于其盈利增长。投资者需要判断的下一步是,预期的盈利增长率(或缺乏)是否已经反映在股票价格中。这样做将有助于他们确定股票的未来看起来是有前途的还是不乐观的。603063的估值公平吗?本公司内在价值的信息图表中有你想知道的一切。
Is Shenzhen Hopewind Electric Efficiently Re-investing Its Profits?
深圳禾望电气是否高效地重新投资利润?
Shenzhen Hopewind Electric has a really low three-year median payout ratio of 11%, meaning that it has the remaining 89% 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.
禾望电气有很低的三年中位数的支付比率为11%,这意味着它还有剩下的89%用于再投资。因此,看起来管理层正在大量投入利润来促进其业务增长,这反映在其盈利增长数字中。
Moreover, Shenzhen Hopewind Electric is determined to keep sharing its profits with shareholders which we infer from its long history of six years of paying a dividend.
此外,深圳禾望电气有着六年支付股息的历史,决心继续与股东分享其利润。
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 Shenzhen Hopewind Electric'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. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言,我们对禾望电气的表现非常满意。具体来说,我们喜欢公司以高回报率大量再投资利润的方式。这当然导致了公司盈利的实质性增长。尽管如此,最新的分析师预测研究显示,该公司未来的盈利增长将会减缓。要了解更多关于公司的最新分析师预测,请查看此可视化分析师预测。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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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