Are Zhongfu Shenying Carbon Fiber Co.,Ltd.'s (SHSE:688295) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Zhongfu Shenying Carbon Fiber Co.,Ltd.'s (SHSE:688295) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
It is hard to get excited after looking at Zhongfu Shenying Carbon FiberLtd's (SHSE:688295) recent performance, when its stock has declined 25% over the past three months. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Zhongfu Shenying Carbon FiberLtd's ROE today.
看了中福神鹰碳纤维股份有限公司(SHSE:688295)近期表现,其股价在过去三个月下跌了25%,令人难以兴奋。然而,股票价格通常受到公司长期财务状况的推动,而在这种情况下,这些财务状况看起来相当可观。特别是今天我们将注重关注中福神鹰碳纤维股份有限公司的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股东要考虑的关键因素之一是净资产收益率或roe,因为它告诉他们公司如何有效地重新投资他们的资本。简单点说,它衡量了公司与股东权益相关的盈利能力。
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 Zhongfu Shenying Carbon FiberLtd is:
因此,根据上述公式,中福神鹰碳纤维股份有限公司的roe为:
4.7% = CN¥229m ÷ CN¥4.9b (Based on the trailing twelve months to March 2024).
4.7% = CN¥22900万 ÷ CN¥49亿(基于截至2024年3月的最近12个月)。
The 'return' is the yearly profit. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.05 in profit.
“回报”是年利润。从概念上讲,这意味着对于每个人民币1元的股东资本,该公司获得了0.05元的利润。
What Has ROE Got To Do With Earnings Growth?
ROE与盈利增长有什么关系?
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 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.
我们已经确认roe是一个有效的盈利指标,用于衡量公司未来的盈利能力。现在我们需要评估公司为未来增长重新投资或“保留”的利润有多少,这将给我们提供有关公司增长潜力的想法。假设其他一切相等,具有更高回报率和更高盈利保留的公司通常比没有同样特点的公司具有更高的增长率。
A Side By Side comparison of Zhongfu Shenying Carbon FiberLtd's Earnings Growth And 4.7% ROE
中福神鹰碳纤维股份有限公司的收益增长和4.7%roe并列比较
It is hard to argue that Zhongfu Shenying Carbon FiberLtd's ROE is much good in and of itself. Even when compared to the industry average of 6.4%, the ROE figure is pretty disappointing. Despite this, surprisingly, Zhongfu Shenying Carbon FiberLtd saw an exceptional 27% net income growth over the past five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.
很难说中福神鹰碳纤维股份有限公司的roe本身很好。即使与平均行业6.4%的roe相比,这个数字也令人失望。尽管如此,惊人的是,中福神鹰碳纤维股份有限公司在过去五年中净利润增长了27%。我们认为这里可能存在其他因素。例如-高股利保留或有效的管理团队。
We then compared Zhongfu Shenying Carbon FiberLtd'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,我们将中福神鹰碳纤维股份有限公司的净收入增长与行业进行了比较,并且很高兴地看到,该公司的增长率在同一5年期内与行业相比更高,行业增长率为7.8%。
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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. Is Zhongfu Shenying Carbon FiberLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增长是股票估值的重要因素。投资者应尝试确定预期的收益增长或下降(无论哪种情况),无论股票是否放置,都已定价。然后,这有助于他们确定该股票是面临光明还是黯淡的未来。中福神鹰碳纤维股份有限公司相对于其他公司公正价值吗?这3个估值指标可能会帮助您做出决定。
Is Zhongfu Shenying Carbon FiberLtd Making Efficient Use Of Its Profits?
中福神鹰碳纤维股份有限公司是否有效利用其利润?
Zhongfu Shenying Carbon FiberLtd has a really low three-year median payout ratio of 17%, meaning that it has the remaining 83% left over to reinvest into its business. So it looks like Zhongfu Shenying Carbon FiberLtd is reinvesting profits heavily to grow its business, which shows in its earnings growth.
中福神鹰碳纤维股份有限公司的三年中位数股息支付比率非常低,为17%,这意味着其剩余的83%可用于再投资其业务。因此,看起来中福神鹰碳纤维股份有限公司正在大量再投资利润以增长其业务,这反映在其收益增长中。
While Zhongfu Shenying Carbon FiberLtd 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. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 32% over the next three years. Regardless, the future ROE for Zhongfu Shenying Carbon FiberLtd is speculated to rise to 10.0% despite the anticipated increase in the payout ratio. There could probably be other factors that could be driving the future growth in the ROE.
虽然中福神鹰碳纤维股份有限公司的收益增长,但它只是最近开始支付股息。很可能是公司决定通过股息来印象新老股东。我们最新的分析师数据显示,该公司未来的派息比率预计将在未来三年内上升到32%。不管怎样,尽管预期派息比率将增加,中福神鹰碳纤维股份有限公司的未来roe被认为将升至10.0%。可能还有其他因素可能推动roe未来的增长。
Conclusion
结论
In total, it does look like Zhongfu Shenying Carbon FiberLtd has some positive aspects to its business. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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,中福神鹰碳纤维股份有限公司似乎具有一些业务积极因素。即使回报率较低,该公司也通过大量再投资公司业务而实现了令人印象深刻的盈利增长。与此同时,最新的分析师预测显示,该公司将继续看到其收益扩张。要了解更多有关该公司未来收益增长预测的信息,请参阅有关公司分析师预测的免费报告。
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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 (at) simplywallst.com。
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。