Jinzi Ham Co.,Ltd.'s (SZSE:002515) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Jinzi Ham Co.,Ltd.'s (SZSE:002515) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Most readers would already be aware that Jinzi HamLtd's (SZSE:002515) stock increased significantly by 11% over the past week. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. In this article, we decided to focus on Jinzi HamLtd's ROE.
大部分读者可能已经意识到金字火腿股份有限公司(SZSE: 002515)的股票在过去一周内大幅上涨了11%。然而,我们想知道公司不一致的财务状况是否会对目前的股价动能产生任何负面影响。在本文中,我们决定关注金字火腿股份有限公司的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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或权益回报率是评估公司有效利用股东投资产生回报效率的有用工具。简而言之,roe显示每个股东投资所产生的利润。
How Do You Calculate Return On Equity?
怎样计算ROE?
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 Jinzi HamLtd is:
因此,根据以上公式,金字火腿股份有限公司的roe为:
1.6% = CN¥43m ÷ CN¥2.6b (Based on the trailing twelve months to March 2024).
1.6% = CN ¥ 4300 万元 ÷ CN ¥ 26 亿(基于截至2024年3月的过去十二个月)
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¥0.02 in profit.
“回报”是过去十二个月的利润。这意味着对于每1元人民币的股东权益,公司创造了0.02元人民币的利润。
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. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
我们已经确定ROE作为评估公司未来收益的有效指标。现在我们需要评估公司为未来增长所保留的利润量,从而给我们一个关于公司增长潜力的想法。假设其他条件都相同,既具有较高ROE又具有较高利润保留的公司通常是增长率更高的公司,相比之下没有这些特点的公司会更低。
A Side By Side comparison of Jinzi HamLtd's Earnings Growth And 1.6% ROE
金字火腿股份有限公司的盈利增长和1.6%的roe的并排比较
It is hard to argue that Jinzi HamLtd's ROE is much good in and of itself. Even when compared to the industry average of 8.2%, the ROE figure is pretty disappointing. Therefore, Jinzi HamLtd's flat earnings over the past five years can possibly be explained by the low ROE amongst other factors.
很难说金字火腿股份有限公司的roe本身好得多。即使与8.2%的行业平均水平相比,roe的数字也相当令人失望。因此,除了其他因素外,金字火腿股份有限公司过去五年的平坦收益可能可以解释为roe低下。
As a next step, we compared Jinzi HamLtd'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 2.9% in the same period.
作为下一步,我们将金字火腿股份有限公司的净收入增长与行业进行了比较,并感到失望的是,公司的增长低于同期2.9%的行业平均增长。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Jinzi HamLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
附加价值的基础在很大程度上与其盈利增长挂钩。投资者应尝试确定预期的盈利增长或下降是否反映在定价中。通过这样做,他们将有一个想法,如果该股进入清晰的蓝色水域或者如果沼泽水域正在等待。金字火腿股份有限公司相对于其他公司是否公平定价?这三个估值指标可能会帮助您做出决定。
Is Jinzi HamLtd Efficiently Re-investing Its Profits?
金字火腿股份有限公司是否高效再投资其利润?
In spite of a normal three-year median payout ratio of 50% (or a retention ratio of 50%), Jinzi HamLtd hasn't seen much growth in its earnings. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
尽管三年的中位数支付比率为50%(或留存比率为50%),金字火腿股份有限公司的收益增长并不多。因此,可能有其他原因来解释那方面的缺乏。例如,业务可能在下滑。
Additionally, Jinzi HamLtd has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth.
此外,金字火腿股份有限公司已在至少十年的时间内支付股息,这意味着公司的管理层决心支付股息,即使意味着几乎没有收益增长。
Conclusion
结论
On the whole, we feel that the performance shown by Jinzi HamLtd can be open to many interpretations. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. Up till now, we've only made a short study of the company's growth data. So it may be worth checking this free detailed graph of Jinzi HamLtd's past earnings, as well as revenue and cash flows to get a deeper insight into the company's performance.
总体上,我们认为金字火腿股份有限公司的表现可以有多种解释。尽管公司的利润保留率很高,但其低收益率可能正在阻碍其盈利增长。迄今为止,我们只对公司的增长数据进行了简要研究。因此,检查金字火腿股份有限公司过去收益、收入和现金流的详细图表来深入了解公司的表现可能是值得的。
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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。