Naruida Technology Co., Ltd.'s (SHSE:688522) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?
Naruida Technology Co., Ltd.'s (SHSE:688522) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?
Naruida Technology's (SHSE:688522) stock is up by a considerable 13% over the past three months. However, we decided to pay close attention to its weak financials as we are doubtful that the current momentum will keep up, given the scenario. Particularly, we will be paying attention to Naruida Technology's ROE today.
在过去的三个月里,纳瑞达科技(SHSE:688522)的股票上涨了13%。 不过,考虑到现状,我们决定密切关注其薄弱的财务状况,因为我们怀疑目前的势头是否会继续下去。 特别是今天我们将关注纳瑞达科技的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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股东权益报酬率是一种有用的工具,用于评估一家公司能否有效地利用来自股东的投资产生回报。换句话说,它揭示了公司将股东的投资变成利润的成功程度。
How Do You Calculate Return On Equity?
怎样计算ROE?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算:
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 Naruida Technology is:
因此,根据上述公式,纳瑞达科技的roe为:
2.7% = CN¥59m ÷ CN¥2.2b (Based on the trailing twelve months to March 2024).
2.7%= CN¥5900万÷CN¥22亿(基于截至2024年3月的过去十二个月)。
The 'return' is the amount earned after tax 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¥0.03 in profit.
“回报”是在过去十二个月内税后赚取的金额。 另一种思考方式是,对于每一元人民币的股本,该公司能够赚取0.03元人民币的利润。
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。
So far, we've learned that ROE is a measure of a company's profitability. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前为止,我们已经了解到roe是衡量公司盈利能力的一种指标。根据公司再投资或“保留”的这些利润的多少以及效率如何,我们能够评估公司的盈利增长潜力。总体来说,在其他条件相同的情况下,roe和盈利“保留”高的公司比不具备这些属性的公司增长率更高。
Naruida Technology's Earnings Growth And 2.7% ROE
纳瑞达科技的盈利增长和2.7%的roe
As you can see, Naruida Technology's ROE looks pretty weak. Even when compared to the industry average of 6.3%, the ROE figure is pretty disappointing. Thus, the low net income growth of 2.0% seen by Naruida Technology over the past five years could probably be the result of it having a lower ROE.
如您所见,纳瑞达科技的roe看起来相当薄弱。 即使与6.3%的行业平均水平相比,roe的数据也相当令人失望。 因此,纳瑞达科技过去五年净收入增长的2.0%可能是其roe较低的结果。
We then compared Naruida Technology's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 6.4% in the same 5-year period, which is a bit concerning.
随后,我们将纳瑞达科技的净收入增长与行业进行了比较,并发现该公司的增长率低于同一5年期间的平均行业增长率6.4%,这有些令人担忧。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Naruida Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
给公司价值的基础在很大程度上与其盈利增长密切相关。 投资者应该设法确定预期的盈利增长或下降(如有),是否已定价。 这样做将有助于他们确定股票的未来前景是有前途还是不妙。 如果您想了解纳瑞达科技的估值,请查看其市盈率的规模与同行业的比较。
Is Naruida Technology Using Its Retained Earnings Effectively?
纳瑞达科技是否有效地利用其留存收益?
With a high three-year median payout ratio of 55% (or a retention ratio of 45%), most of Naruida Technology's profits are being paid to shareholders. This definitely contributes to the low earnings growth seen by the company.
由于高达55%的三年中位数股息支付率(或45%的保留比率),大部分纳瑞达科技的利润正在支付股东。 这无疑促成了公司所见到的低盈利增长。
Additionally, Naruida Technology started paying a dividend only recently. So it looks like the management must have perceived that shareholders favor dividends over earnings growth.
此外,纳瑞达科技最近才开始支付股息。 因此,看起来管理层必须认为股东更喜欢股息而不是盈利增长。
Conclusion
结论
Overall, we would be extremely cautious before making any decision on Naruida Technology. As a result of its low ROE and lack of much reinvestment into the business, the company has seen a disappointing earnings growth rate. 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.
总之,在对纳瑞达科技做出任何决定之前,我们将极为谨慎。 由于其roe低和对业务的重新投资不足,该公司的盈利增长率令人失望。 话虽如此,最新的行业分析师预测显示出该公司的收益预计将加速增长。 要了解更多关于该公司的最新分析师预测,请查看分析师预测可视化。
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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。