Has Guangzhou Guanggang Gases & Energy Co.,Ltd. (SHSE:688548) Stock's Recent Performance Got Anything to Do With Its Financial Health?
Has Guangzhou Guanggang Gases & Energy Co.,Ltd. (SHSE:688548) Stock's Recent Performance Got Anything to Do With Its Financial Health?
Most readers would already know that Guangzhou Guanggang Gases & EnergyLtd's (SHSE:688548) stock increased by 4.4% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Guangzhou Guanggang Gases & EnergyLtd's ROE in this article.
大多数读者应该已经知道,广州光刚气体能源股份有限公司(SHSE:688548)的股票在过去一周内上涨了4.4%。我们想知道公司的财务状况在这一价格变动中扮演了什么角色,因为一家公司的长期基本面通常决定市场结果。具体而言,我们决定在本文中研究广州光刚气体能源股份有限公司的ROE。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率或roe是评估公司管理层如何有效利用公司资本的关键指标。简而言之,ROE显示每美元股东投资所产生的利润。
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 Guangzhou Guanggang Gases & EnergyLtd is:
因此,根据上述公式,广州光刚气体能源股份有限公司的ROE为:
5.4% = CN¥313m ÷ CN¥5.8b (Based on the trailing twelve months to March 2024).
5.4%= CN¥31300万÷ CN¥58亿(基于截至2024年3月的过去12个月)。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.05 in profit.
‘return’是过去12个月的利润。这意味着,对于每一元股东权益,公司可以创造0.05元的利润。
What Is The Relationship Between ROE And Earnings Growth?
ROE与盈利增长之间的关系是什么?
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作为一个高效的盈利规模可以评估公司未来的收益。根据公司选择再投资或保留多少利润,我们可以评估公司未来盈利的能力。假设其他所有条件均保持不变,ROE和利润留存率越高,相对于没有这些特点的公司,公司的增长率就越高。
Guangzhou Guanggang Gases & EnergyLtd's Earnings Growth And 5.4% ROE
广州广钢气体与能源有限公司的盈利增长及5.4%的roe。
At first glance, Guangzhou Guanggang Gases & EnergyLtd's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 6.4%, we may spare it some thought. Moreover, we are quite pleased to see that Guangzhou Guanggang Gases & EnergyLtd's net income grew significantly at a rate of 20% over the last five years. Considering the moderately low ROE, it is quite possible that there might be some 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.
初始,广州广钢气体与能源有限公司的roe看起来并不太令人满意。然而,考虑到该公司的roe与6.4%的行业平均roe相似,我们可以加以一些思考。此外,我们非常高兴地看到,广州广钢气体与能源有限公司的净利润在过去五年中以20%的速度显著增长。考虑到roe相对较低,很可能有其他方面对公司盈利增长产生了积极影响。例如,公司的派息比率较低或管理效率高。
We then compared Guangzhou Guanggang Gases & EnergyLtd'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.
然后我们将广州广钢气体与能源有限公司的净利润增长与行业进行了比较,我们很高兴地看到,公司的增长数字比行业高,在同一五年周期中,行业的增长率为7.8%。
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Earnings growth is an important metric to consider when valuing a stock. 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 Guangzhou Guanggang Gases & EnergyLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是估值股票时需要考虑的重要指标。接下来,投资者需要确定的是,预期的盈利增长或缺乏盈利增长是否已经纳入了股票价格。这将帮助他们确定股票的未来是前景还是逆势。广州广钢气体与能源有限公司与其他公司相比是否被合理估值?这3个估值指标可能会帮助您做出决策。
Is Guangzhou Guanggang Gases & EnergyLtd Using Its Retained Earnings Effectively?
广州光刚气体能源股份有限公司是否有效地使用其留存收益?
The three-year median payout ratio for Guangzhou Guanggang Gases & EnergyLtd is 29%, which is moderately low. The company is retaining the remaining 71%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Guangzhou Guanggang Gases & EnergyLtd is reinvesting its earnings efficiently.
广州广钢气体与能源有限公司的三年中位数派息率为29%,属于较低水平。该公司保留了其余71%。这表明其红利得到了很好的覆盖,鉴于我们上面所讨论的高增长,看起来广州广钢气体与能源有限公司正在高效地重新投资其收益。
Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 40% over the next three years. Still, forecasts suggest that Guangzhou Guanggang Gases & EnergyLtd's future ROE will rise to 7.8% even though the the company's payout ratio is expected to rise. We presume that there could some other characteristics of the business that could be driving the anticipated growth in the company's ROE.
查看当前分析师一致预测数据,我们可以看到该公司未来的派息比率预计将在未来三年内升至40%。尽管预测表明广州广钢气体与能源有限公司的派息比率将上升,但预计其roe仍将上升至7.8%。我们推测,该企业可能具有其他驱动公司roe预期增长的特征。
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 feel that Guangzhou Guanggang Gases & EnergyLtd certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总的来说,我们认为广州广钢气体与能源有限公司确实有一些需要考虑的积极因素。尽管roe较低,但以高再投资率的速度,公司已成功地看到了盈利的显著增长。就此而言,最新的分析师预测显示,公司将继续看到其收益扩大。这些分析师的预期是基于行业的普遍预期,还是基于公司的基本面呢?点击此处,进入公司分析师的预测页面。
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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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。