Hunan Valin Wire & Cable Co.,Ltd.'s (SZSE:001208) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Hunan Valin Wire & Cable Co.,Ltd.'s (SZSE:001208) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Hunan Valin Wire & CableLtd (SZSE:001208) has had a great run on the share market with its stock up by a significant 20% over the last week. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. Particularly, we will be paying attention to Hunan Valin Wire & CableLtd's ROE today.
湖南华银电线电缆有限公司(SZSE:001208)股票在上周表现良好,股价上涨了显著的20%。然而,我们想知道公司不一致的财务状况是否会对当前股价动能产生不利影响。特别是我们将会关注湖南华银电线电缆有限公司的roe今天。
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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股东权益回报率(roe)是一种关键指标,用于评估公司管理层如何有效利用公司资本。更简单地说,它衡量了公司相对股东权益的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算?
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 Hunan Valin Wire & CableLtd is:
因此,根据以上的公式,湖南华银电线电缆有限公司的roe为:
5.6% = CN¥87m ÷ CN¥1.5b (Based on the trailing twelve months to December 2023).
5.6%= CN¥8700万 ÷ CN¥15亿(基于截至2023年12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¥0.06 in profit.
“回报”是过去12个月的利润。这意味着,对于每1元股东权益价值,该公司可以创造0.06元的利润。
What Has ROE Got To Do With Earnings Growth?
roe与盈利增长有何关系?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我们已经确认ROE是一个有效的判断公司未来盈利能力的指标。根据公司再投资或“保留”利润的比例及其效率来判定公司的盈利增长潜力,通常情况下,其他条件相同,具有高股权回报率和利润保留率的公司增长速度会高于这些属性缺失的公司。
Hunan Valin Wire & CableLtd's Earnings Growth And 5.6% ROE
湖南华银电线电缆有限公司的盈利增长和5.6%的roe
When you first look at it, Hunan Valin Wire & CableLtd's ROE doesn't look that attractive. However, its ROE is similar to the industry average of 6.9%, so we won't completely dismiss the company. Having said that, Hunan Valin Wire & CableLtd has shown a meagre net income growth of 3.8% over the past five years. Bear in mind, the company's ROE is not very high . Hence, this does provide some context to low earnings growth seen by the company.
一开始看起来,湖南华银电线电缆有限公司的roe并不那么吸引人。然而,它的roe与行业平均值6.9%相似,因此我们不会完全不理会公司。话虽如此,过去五年湖南华银电线电缆有限公司的净利润增长率仅为3.8%。请记住,公司的roe并不是很高。因此,这为公司的低盈利增长提供了一些背景。
As a next step, we compared Hunan Valin Wire & CableLtd's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 12% in the same period.
接下来,我们将湖南华银电线电缆有限公司的净利润增长与行业进行了比较,令人失望的是,该公司的增长低于同一时期行业平均增长率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. Doing so will help them establish if the stock's future looks promising or ominous. Is Hunan Valin Wire & CableLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是估值股票时要考虑的重要指标。接下来投资者需要判断的是预期的盈利增长或缺乏盈利增长已经反映在股价中。这样做将有助于他们确定这只股票的未来看起来是有前途还是不祥。与其他公司相比,湖南华银电线电缆有限公司的估值是否公允?这3种估值措施可能会帮助您做出决定。
Is Hunan Valin Wire & CableLtd Making Efficient Use Of Its Profits?
湖南华银电线电缆有限公司利用其利润是否有效?
Despite having a normal three-year median payout ratio of 30% (or a retention ratio of 70% over the past three years, Hunan Valin Wire & CableLtd has seen very little growth in earnings as we saw above. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
尽管湖南华银电线电缆有限公司的三年中位数股息支付比率为30%(或者说过去三年中保留率为70%),但正如我们上面看到的,其盈利增长寥寥无几。因此,可能有一些其他原因来解释这一方面的缺陷。例如,公司可能正在衰退。
Moreover, Hunan Valin Wire & CableLtd has been paying dividends for three years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer dividends over earnings growth.
此外,湖南华银电线电缆有限公司已经支付了三年的股息,这是相当长的时间,这表明管理层必须认为股东更喜欢股息而不是盈利增长。
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 the performance shown by Hunan Valin Wire & CableLtd can be open to many interpretations. Even though it appears to be retaining most of its profits, given the low ROE, investors may not be benefitting from all that reinvestment after all. The low earnings growth suggests our theory correct. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. Our risks dashboard would have the 2 risks we have identified for Hunan Valin Wire & CableLtd.
总体而言,我们认为湖南华银电线电缆有限公司的表现可以有许多解释。尽管它似乎保留了大部分利润,但考虑到roe很低,投资者可能并没有从所有再投资中受益。低盈利增长表明了我们的理论的正确性。总之,我们会谨慎对待这个公司,一种方法是查看业务的风险剖面。我们的风险面板将列出我们已经为湖南华银电线电缆有限公司确定的两个风险。
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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。