Is Hsino Tower Group Co., Ltd.'s (SHSE:601096) Stock Price Struggling As A Result Of Its Mixed Financials?
Is Hsino Tower Group Co., Ltd.'s (SHSE:601096) Stock Price Struggling As A Result Of Its Mixed Financials?
With its stock down 24% over the past three months, it is easy to disregard Hsino Tower Group (SHSE:601096). We, however decided to study the company's financials to determine if they have got anything to do with the price decline. Long-term fundamentals are usually what drive market outcomes, so it's worth paying close attention. Specifically, we decided to study Hsino Tower Group's ROE in this article.
Hsino Tower Group (SHSE:601096)股票在过去的3个月中下跌了24%,因此很容易被忽视。然而,我们决定研究该公司的财务,以确定其是否与股价下跌有关。从长期基本面来看,这通常是推动市场走势的因素,因此值得密切关注。因此,我们决定在本文中研究Hsino Tower Group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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股东权益报酬率是一种有用的工具,用于评估一家公司能否有效地利用来自股东的投资产生回报。换句话说,它揭示了公司将股东的投资变成利润的成功程度。
How Is ROE Calculated?
净资产收益率怎么计算?
The formula for ROE is:
roe的公式是:
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 Hsino Tower Group is:
因此,根据上述公式,Hsino Tower Group的ROE为:
3.1% = CN¥132m ÷ CN¥4.3b (Based on the trailing twelve months to March 2024).
3.1%= CN¥ 13200万÷ CN¥ 43亿(截至2024年3月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.03.
“回报”是过去12个月的税后收益。这意味着,对于股东的每一元投资,该公司都会创造CN¥0.03的利润。
What Has ROE Got To Do With Earnings Growth?
roe与盈利增长有何关系?
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,我们已经了解到ROE衡量了公司有效地利用其利润的能力。根据公司再投资或“保留”的利润量以及公司再投资利润的效果,我们就能评估公司的盈利增长潜力。一般来说,其他条件相同,ROE高和盈利保留公司的成长率比没有这些属性的公司更高。
A Side By Side comparison of Hsino Tower Group's Earnings Growth And 3.1% ROE
将Hsino Tower Group的盈利增长和3.1%的ROE并列进行比较
As you can see, Hsino Tower Group's ROE looks pretty weak. Even when compared to the industry average of 6.9%, the ROE figure is pretty disappointing. For this reason, Hsino Tower Group's five year net income decline of 29% is not surprising given its lower ROE. However, there could also be other factors causing the earnings to decline. Such as - low earnings retention or poor allocation of capital.
正如您所见,Hsino Tower Group的ROE看起来相当低。即使与行业平均水平6.9%相比,ROE的数据也相当令人失望。由于较低的ROE,因此不难理解Hsino Tower Group在过去五年中净利润下降了29%的原因。但是,还可能有其他因素导致收益下降,例如低收益保留或资本配置不当。
That being said, we compared Hsino Tower Group's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 12% in the same 5-year period.
话虽如此,我们将Hsino Tower Group的表现与行业进行了比较,结果发现尽管该公司收益下降,但同样的五年时期内该行业的收益增长了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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Hsino Tower Group's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是估值股票时需要考虑的重要指标。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反映在股价中。因此,这有助于他们确定股票处于光明或黯淡的未来。如果您想了解Hsino Tower Group的估值,请查看其市盈率与行业的比较。
Is Hsino Tower Group Efficiently Re-investing Its Profits?
Hsino Tower Group是否高效地再投资其利润?
When we piece together Hsino Tower Group's low three-year median payout ratio of 23% (where it is retaining 77% of its profits), calculated for the last three-year period, we are puzzled by the lack of growth. The low payout should mean that the company is retaining most of its earnings and consequently, should see some growth. So there might be other factors at play here which could potentially be hampering growth. For instance, the business has faced some headwinds.
当我们综合考虑Hsino Tower Group的最近三年期间的低三年平均派息比率为23%(其保留了77%的利润)时,我们感到困惑,因为缺少增长。低派息率意味着公司保留了大部分利润,因此应该看到一些增长。因此,可能存在其他因素影响了增长,例如,该业务面临了一些阻力。
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 Hsino Tower Group can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. 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. To know the 1 risk we have identified for Hsino Tower Group visit our risks dashboard for free.
总之,我们认为Hsino Tower Group表现出的性能可以有很多解读。虽然该公司的再投资率很高,但低ROE意味着所有再投资都没有给其投资者带来任何好处,甚至对盈利增长产生了负面影响。总之,我们将谨慎对待这家公司,其中一种方法是查看业务的风险概况。要了解我们已为Hsino Tower Group确定的1个风险,请免费访问我们的风险仪表板。
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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。