Do Its Financials Have Any Role To Play In Driving NanJing Sanchao Advanced Materials Co.,Ltd.'s (SZSE:300554) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving NanJing Sanchao Advanced Materials Co.,Ltd.'s (SZSE:300554) Stock Up Recently?
NanJing Sanchao Advanced MaterialsLtd (SZSE:300554) has had a great run on the share market with its stock up by a significant 15% over the last week. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on NanJing Sanchao Advanced MaterialsLtd's ROE.
南京三超高新材料股份有限公司(SZSE:300554)在股市上表现出色,过去一周上涨了15%。大多数人都知道,基本面通常是长期引导市场价格波动的因素,因此我们决定今天查看该公司的关键财务指标以确定其在最近价格运动中是否有任何作用。在本文中,我们决定专注于南京三超高新材料有限公司的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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
roe指股东权益回报率,是一种有用的工具,用于评估公司如何有效地从股东获得的投资中产生回报。简单来说,这衡量了一家公司相对于股东权益的盈利能力。
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 NanJing Sanchao Advanced MaterialsLtd is:
据以上公式,南京三超高新材料股份有限公司的 ROE 为:
3.2% = CN¥26m ÷ CN¥824m (Based on the trailing twelve months to March 2024).
3.2% = CN¥2600万 ÷ CN¥82400万(基于截至2024年3月的过去12个月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.03 in profit.
“回报”是税后收益,在过去的十二个月中获得。一个概念化的方式是,对于每1元股东资本,公司创造了0.03元的利润。
Why Is ROE Important For Earnings Growth?
ROE对于盈利增长的重要性是什么?
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. 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,我们已经了解了roe是公司盈利能力的一种衡量标准。根据公司重新投资或“保留”的利润数量和效率,我们可以评估公司的盈利增长潜力。假设其他所有因素保持不变,roe和保留的利润越高,相对于不一定具有这些特征的公司,公司的增长率就越高。
NanJing Sanchao Advanced MaterialsLtd's Earnings Growth And 3.2% ROE
南京三超高新材料股份有限公司的盈利增长和3.2%的roe
As you can see, NanJing Sanchao Advanced MaterialsLtd's ROE looks pretty weak. Not just that, even compared to the industry average of 5.8%, the company's ROE is entirely unremarkable. NanJing Sanchao Advanced MaterialsLtd was still able to see a decent net income growth of 5.1% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently.
正如你所看到的,南京三超高新材料股份有限公司的roe看起来相当薄弱。不只是如此,即使与行业平均水平5.8%比较,该公司的roe也非常平凡。南京三超高新材料股份有限公司在过去五年内仍然能够看到5.1%的不错净收入增长。因此,盈利增长可能实际上是由其他变量导致的。例如,该公司具有较低的支付比率或被有效管理。
Next, on comparing with the industry net income growth, we found that NanJing Sanchao Advanced MaterialsLtd's reported growth was lower than the industry growth of 20% over the last few years, which is not something we like to see.
接下来,与行业净收入增长相比,我们发现南京三超高新材料股份有限公司的报告增长低于过去几年的行业增长20%,这是我们不希望看到的。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if NanJing Sanchao Advanced MaterialsLtd is trading on a high P/E or a low P/E, relative to its industry.
附加价值的基础在于公司的盈利增长,投资者需要确定的下一步是预期的盈利增长或缺乏盈利增长是否已经反映在股价中。通过这样做,他们将了解股票是走向清晰的蓝水还是等待泥泞的水。预期盈利增长的一个很好的指标是市盈率,它根据其盈利前景确定市场愿意为一只股票支付的价格。因此,您可能需要核实南京三超高新材料股份有限公司是在高市盈率还是低市盈率的情况下交易,与其行业相比。
Is NanJing Sanchao Advanced MaterialsLtd Efficiently Re-investing Its Profits?
南京三超高新材料股份有限公司有效地再投资其利润吗?
With a three-year median payout ratio of 31% (implying that the company retains 69% of its profits), it seems that NanJing Sanchao Advanced MaterialsLtd is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
通过三年的中位支付比率为31%(意味着公司保留了其利润的69%),似乎南京三超高新材料股份有限公司正在有效地再投资,以便看到其收益中可观的增长并支付好覆盖的股息。
Additionally, NanJing Sanchao Advanced MaterialsLtd has paid dividends over a period of six years which means that the company is pretty serious about sharing its profits with shareholders.
此外,南京三超高新材料股份有限公司已连续六年支付股息,这意味着该公司非常重视与股东分享其利润。
Conclusion
结论
On the whole, we do feel that NanJing Sanchao Advanced MaterialsLtd has some positive attributes. Specifically, its fairly high earnings growth number, which no doubt was backed by the company's high earnings retention. Still, the low ROE means that all that reinvestment is not reaping a lot of benefit to the investors. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard will have the 1 risk we have identified for NanJing Sanchao Advanced MaterialsLtd.
总之,我们确实认为南京三超高新材料股份有限公司有一些积极的因素。特别是,其相当高的盈利增长数字,毫无疑问是由该公司高盈利保留所支持的。尽管如此,较低的roe意味着所有的再投资对投资者并没有带来太多的好处。虽然我们不会完全忽略该公司,但我们会尝试确定业务的风险程度,以做出更明智的决策。我们的风险仪表板将告诉您我们为南京三超高新材料股份有限公司确定的那1个风险。
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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。