Is Cowell E Holdings Inc.'s (HKG:1415) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Is Cowell E Holdings Inc.'s (HKG:1415) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Cowell e Holdings (HKG:1415) has had a great run on the share market with its stock up by a significant 48% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Cowell e Holdings' ROE.
高伟电子（HKG: 1415）在股市上走势良好，股价在过去三个月中显著上涨了48%。 由于市场通常会为一家公司的长期基本面付费，因此我们决定研究该公司的关键业绩指标，以确定其是否可能影响市场。 在本文中，我们决定重点研究高伟电子的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?
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 Cowell e Holdings is:
因此，根据上述公式，高伟电子的ROE为：
11% = US$46m ÷ US$415m (Based on the trailing twelve months to December 2023).
11％= US $ 4600万 ÷ US $ 41500万（基于截至2023年12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 HK$1 worth of equity, the company was able to earn HK$0.11 in profit.
“收益率”是过去十二个月的利润。 另一种思考方式是，对于每个1港元的净值，公司能够获得0.11港元的利润。
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. 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.
我们已经确定，roe是一种有效的盈利增长衡量标准，用于评估公司未来盈利的能力，根据公司选择重新投资或“保留”其利润的数量，我们可以评估公司未来的盈利能力。假设其他一切不变，roe和利润保留越高，与没有这些特征的公司相比，公司的增长速度就越高。
A Side By Side comparison of Cowell e Holdings' Earnings Growth And 11% ROE
高伟电子盈利增长和11％的ROE并排比较
To begin with, Cowell e Holdings seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 6.1%. Probably as a result of this, Cowell e Holdings was able to see an impressive net income growth of 23% over the last five years. We believe that there might also be 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.
首先，高伟电子的ROE似乎相当可观。 此外，公司的ROE与行业平均水平相比也相当有利。 可能正因如此，高伟电子在过去五年中实现了23％的可观净利润增长。 我们认为，可能还存在其他方面对公司盈利增长产生积极影响。 例如，公司的管理层可能做出了一些良好的战略决策，或者公司的股息支付比率较低。
As a next step, we compared Cowell e Holdings' 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 1.8%.
作为下一步，我们将高伟电子的净利润增长与行业进行了比较，令人高兴的是，我们发现该公司的增长超过了平均行业增长率1.8％。
Earnings growth is a huge factor in stock valuation. 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. Is Cowell e Holdings fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值中的一个巨大因素。 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前景是光明还是黯淡。 高伟电子与其他公司相比是否公平定价？ 这3种估值方法可能有所帮助。
Is Cowell e Holdings Using Its Retained Earnings Effectively?
高伟电子是否有效利用其留存收益？
Given that Cowell e Holdings doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
鉴于高伟电子没有向股东支付任何定期红利，我们可以推断出该公司一直在重新投资其所有利润以发展业务。
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 are quite pleased with Cowell e Holdings' 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. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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，我们对高伟电子的表现相当满意。 特别是看到公司大量投资于业务并获得了高回报率，从而在盈利方面实现了可观的增长，这令人欣喜。 但是，最新的行业分析预测显示，预计该公司的收益将加速增长。 要了解有关该公司最新分析师预测的更多信息，请查看此分析师预测可视化。
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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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