GoodWe Technologies Co., Ltd.'s (SHSE:688390) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
GoodWe Technologies Co., Ltd.'s (SHSE:688390) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
It is hard to get excited after looking at GoodWe Technologies' (SHSE:688390) recent performance, when its stock has declined 7.2% over the past week. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. In this article, we decided to focus on GoodWe Technologies' ROE.
看到GoodWe Technologies (SHSE:688390) 最近一周的股价下跌7.2%,我们会感到有些失望,无法激起兴趣。但仔细观察,您可能会发现,其强劲的财务状况可能意味着该股票在长期内可能会出现价值上涨,这与市场通常奖励有良好财务健康的公司的情况相似。在本文中,我们决定重点关注GoodWe Technologies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?
The formula for return on equity is:
权益回报率的计算公式是:
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 GoodWe Technologies is:
因此,根据上述公式,GoodWe Technologies的ROE为:
17% = CN¥516m ÷ CN¥3.1b (Based on the trailing twelve months to March 2024).
17% = CN¥ 51600万 ÷ CN¥ 31亿(基于截至2024年3月的过去12个月)。
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.17 in profit.
“回报”是企业过去一年赚取的收入。这意味着公司每CN¥1股东权益产生CN¥0.17的利润。
What Has ROE Got To Do With Earnings Growth?
ROE与盈利增长有什么关系?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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,我们学到了ROE如何评估公司有效地产生利润。根据公司再投资或“保留”的这些利润的多少以及其如何有效地进行再投资,我们可以评估公司的盈利增长潜力。一般而言,在其他条件相同的情况下,ROE高、利润保留高的公司,比没有这些属性的公司增长率更高。
GoodWe Technologies' Earnings Growth And 17% ROE
GoodWe Technologies 的盈利增长率和17%的 ROE
To start with, GoodWe Technologies' ROE looks acceptable. On comparing with the average industry ROE of 6.9% the company's ROE looks pretty remarkable. This probably laid the ground for GoodWe Technologies' significant 47% net income growth seen over the past five years. However, there could also be other causes behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
首先,GoodWe Technologies 的 ROE 看起来是可以接受的。与行业平均 ROE 6.9% 相比,公司的 ROE 显得相当惊人。这可能为过去五年内 GoodWe Technologies 显著的净利润增长率达到了 47% 创造了良好基础。然而,这种增长背后还可能有其他原因。例如,公司的股息支付比率较低或管理得当。
We then compared GoodWe Technologies' 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 12% in the same 5-year period.
然后,我们将 GoodWe Technologies 的净利润增长率与行业进行了比较,我们很高兴地发现,公司的增长率在同一5年期间与行业相比更高,行业增长率为12%。
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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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is GoodWe Technologies 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,预期的盈利增长率是否已经反映在股价中,他们将有一个想法,该股票是否将走向明晰的蓝色方向或者是泥泞的水域。GoodWe Technologies 是否相对于其他公司被公正地估值?这3个估值指标可能会帮助您做出决定。
Is GoodWe Technologies Efficiently Re-investing Its Profits?
GoodWe Technologies 是否有效地重新投资其利润?
GoodWe Technologies' three-year median payout ratio is a pretty moderate 31%, meaning the company retains 69% of its income. By the looks of it, the dividend is well covered and GoodWe Technologies is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
GoodWe Technologies 三年的中位数分红支付比率相当适中,为31%,这意味着公司保留了69%的收入。看起来,股息得到了很好的覆盖,GoodWe Technologies 的利润被有效地重新投资,正如我们上面所讨论的那样,这导致公司的收益增长显著。
Moreover, GoodWe Technologies is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend.
此外,GoodWe Technologies 决心继续与股东分享其利润,这可以从其三年支付股息的历史中推断出来。
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。
On the whole, we feel that GoodWe Technologies' performance has been quite good. 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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
总体来说,我们认为 GoodWe Technologies 的表现相当不错。我们特别喜欢公司以高回报率重新投资其大量利润的做法。当然,这也导致公司的收益大幅增长。话虽如此,最新的行业分析师预测显示,公司的盈利增长率预计会放缓。这些分析师的预期是基于行业的广泛预期还是基于公司的基本面?单击此处,进入我们的分析师预测页面了解该公司的情况。
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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。