Triangle Tyre Co.,Ltd's (SHSE:601163) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Triangle Tyre Co.,Ltd's (SHSE:601163) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Triangle TyreLtd (SHSE:601163) has had a rough three months with its share price down 21%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Triangle TyreLtd's ROE today.
Triangle TyreLtd(SHSE:601163)的股价下跌了21%,过去三个月表现不佳。 然而,股价通常是长期由公司的财务表现推动的,在这种情况下,看起来相当有前途。 特别是,我们今天将关注Triangle TyreLtd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 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 Triangle TyreLtd is:
因此,根据上述公式,Triangle TyreLtd的ROE为:
11% = CN¥1.5b ÷ CN¥13b (Based on the trailing twelve months to March 2024).
11% = CN¥15亿 ÷ CN¥130亿(基于截至2024年3月的过去十二个月)。
The 'return' refers to a company's earnings over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回报”是指公司在过去的一年内的收益。 这意味着对于每CN¥1的股东权益价值,公司生成CN¥0.11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。
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
到目前为止,我们了解到ROE是衡量一家公司如何高效地产生利润的指标。 根据公司选择重新投资或“保留”的利润的比例,我们能够评估公司未来产生利润的能力。 假设其他所有内容保持不变,则ROE和盈利保留比越高,公司的增长速度就越高,这与那些不一定具备这些特征的公司相比。
Triangle TyreLtd's Earnings Growth And 11% ROE
Triangle TyreLtd的盈利增长和11%的ROE
At first glance, Triangle TyreLtd seems to have a decent ROE. Especially when compared to the industry average of 8.2% the company's ROE looks pretty impressive. Probably as a result of this, Triangle TyreLtd was able to see a decent growth of 9.7% over the last five years.
乍一看,Triangle TyreLtd的ROE似乎还不错。 尤其是与行业平均水平8.2%相比,公司的ROE看起来非常令人印象深刻。 很可能由于此原因,Triangle TyreLtd在过去五年中能够看到不错的9.7%增长。
As a next step, we compared Triangle TyreLtd's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 8.9% in the same period.
作为下一步,我们将Triangle TyreLtd的净收入增长与行业进行比较,并发现该公司的增长与相同时期8.9%的行业平均增长率相似。
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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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Triangle TyreLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是股票估值的重要因素。 投资者应该尝试确定是否定价了预期的盈利增长或下降,无论情况如何。 这样做,他们就会有一个想法,如果股票进入清晰的蓝色水域或者沼泽水域等待。 如果您想了解Triangle TyreLtd的估值,请查看其市盈率相对于其行业的比较。
Is Triangle TyreLtd Efficiently Re-investing Its Profits?
Triangle TyreLtd是否有效地再投资其利润?
Triangle TyreLtd has a healthy combination of a moderate three-year median payout ratio of 31% (or a retention ratio of 69%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
Triangle TyreLtd有健康的组合:中等三年中位数股息支付比率为31%(或留存比率为69%),并且在上面看到了可观的盈利增长,这意味着该公司一直在有效利用其利润。
Moreover, Triangle TyreLtd is determined to keep sharing its profits with shareholders which we infer from its long history of seven years of paying a dividend.
此外,Triangle TyreLtd决心与股东分享其利润,这从其连续七年支付股息的长期历史中可以推断出来。
Conclusion
结论
Overall, we are quite pleased with Triangle TyreLtd's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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Triangle TyreLtd的表现感到相当满意。 特别是,我们喜欢该公司高回报率地再投资了其巨额利润,这自然导致了公司盈利的大幅增长。 最新的行业分析师预测显示,该公司预计将保持其当前的增长率。 要了解更多关于该公司的最新分析师预测,请查看该公司的分析师预测可视化。
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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。