Are Strong Financial Prospects The Force That Is Driving The Momentum In L&K Engineering (Suzhou) Co.,Ltd.'s SHSE:603929) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In L&K Engineering (Suzhou) Co.,Ltd.'s SHSE:603929) Stock?
L&K Engineering (Suzhou)Ltd (SHSE:603929) has had a great run on the share market with its stock up by a significant 23% over the last three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to L&K Engineering (Suzhou)Ltd's ROE today.
L&k Engineering(苏州)有限公司(SHSE:603929)的股票上涨了23%,在过去的三个月中运行良好。鉴于该公司的出色表现,我们决定更仔细地研究其财务指标,因为公司的长期财务状况通常决定市场结果。特别是,今天我们将关注L&k Engineering(苏州)有限公司的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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
roe,即净资产收益率,是一种评估公司如何有效地从股东手中获取投资回报的有用工具。换句话说,它是一种盈利能力比率,衡量公司股东提供的资本的回报率。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算:
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 L&K Engineering (Suzhou)Ltd is:
因此,根据上述公式,L&k Engineering(苏州)有限公司的roe为:
24% = CN¥376m ÷ CN¥1.6b (Based on the trailing twelve months to March 2024).
24%= CN¥ 37600万 ÷ CN¥ 16亿(基于截至2024年3月的过去十二个月)。
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.24 in profit.
“回报”是企业在过去一年内获得的收入。一个概念化它的方法是,对于每1元股东资本,公司获得了0.24元利润。
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. 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.
我们已经确定了roe作为衡量公司未来收益的有效收益率。现在我们需要评估公司再投资或“保留”的利润,以便了解公司的增长潜力。假设其他一切不变,ROE和利润保留率越高,公司的增长率就越高,而与不一定具备这些特征的公司相比。
L&K Engineering (Suzhou)Ltd's Earnings Growth And 24% ROE
L&k Engineering(苏州)有限公司的收益增长和24%的roe
To begin with, L&K Engineering (Suzhou)Ltd has a pretty high ROE which is interesting. Second, a comparison with the average ROE reported by the industry of 7.3% also doesn't go unnoticed by us. Under the circumstances, L&K Engineering (Suzhou)Ltd's considerable five year net income growth of 36% was to be expected.
首先,L&k Engineering(苏州)有限公司具有相当高的roe,这很有趣。其次,与行业报道的平均roe 7.3%的比较也没有被我们忽视。在这种情况下,L&k Engineering(苏州)有限公司五年的净利润增长36%是可以预料的。
We then compared L&K Engineering (Suzhou)Ltd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 7.8% in the same 5-year period.
然后,我们将L&k Engineering(苏州)有限公司的净利润增长与行业进行了比较,并且很高兴看到该公司的增长数据在同一5年期间的行业增长率7.8%之上。
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Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if L&K Engineering (Suzhou)Ltd is trading on a high P/E or a low P/E, relative to its industry.
盈利增长是股票估值的重要因素。投资者应该努力确定预计的盈利增长或下降,无论哪种情况都应该受到定价。然后,这有助于他们确定股票是面临光明的未来还是黯淡的未来。预期盈利增长的一个良好指标是市盈率,它根据其盈利前景确定市场愿意支付股票的价格。因此,您可能需要检查L&k Engineering(苏州)有限公司是否正在以高或低的市盈率进行交易,相对于其行业。
Is L&K Engineering (Suzhou)Ltd Using Its Retained Earnings Effectively?
L&k Engineering(苏州)有限公司是否有效利用其留存收益?
L&K Engineering (Suzhou)Ltd has a three-year median payout ratio of 29% (where it is retaining 71% of its income) which is not too low or not too high. By the looks of it, the dividend is well covered and L&K Engineering (Suzhou)Ltd is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
L&k Engineering(苏州)有限公司的三年中值支付比率为29%(其中它保留其收入的71%),既不太低也不太高。看起来,派息是完全覆盖的,并且L&k Engineering(苏州)有限公司正在有效地重新投资其利润,如我们上面讨论的那样。
Besides, L&K Engineering (Suzhou)Ltd has been paying dividends over a period of seven years. This shows that the company is committed to sharing profits with its shareholders.
此外,L&k Engineering(苏州)有限公司已经连续七年派发股息。这表明该公司致力于与其股东分享利润。
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 L&K Engineering (Suzhou)Ltd'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. 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L&k Engineering(苏州)有限公司的表现感到非常满意。特别是,我们喜欢公司大量地重新投资其业务,并以很高的回报率进行。毫不奇怪,这导致了令人印象深刻的盈利增长。话虽如此,当前的分析师预测预计公司的盈利增长将放缓。要了解有关公司未来盈利增长预测的更多信息,请参阅有关该公司分析师预测的免费报告。
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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
对本文有反馈? 对内容感到担忧? 请直接与我们联系。 或者,发送电子邮件至editorial-team@simplywallst.com。