Tongfu Microelectronics Co.,Ltd's (SZSE:002156) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Tongfu Microelectronics Co.,Ltd's (SZSE:002156) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
It is hard to get excited after looking at Tongfu MicroelectronicsLtd's (SZSE:002156) recent performance, when its stock has declined 4.3% over the past week. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to Tongfu MicroelectronicsLtd's ROE today.
看完同福微电子(SZSE:002156)最近的表现,股价过去一周下跌了4.3%, 似乎没什么令人兴奋的。然而,公司的基本面看起来相当不错,长期的财务状况通常与未来的市场价格变动保持一致。 今天,我们将会关注同福微电子的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE(净资产收益率)是股东需考虑的一个重要因素,因为它告诉他们资本被有效地再投资的效果如何。换句话说,它揭示了公司将股东的投资转化为利润的成功程度。
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 Tongfu MicroelectronicsLtd is:
因此,根据上述公式,同福微电子的roe为:
2.2% = CN¥321m ÷ CN¥15b (Based on the trailing twelve months to March 2024).
2.2% = CN¥32100万 ÷ CN¥150亿(基于截至2024年3月的过去12个月)。
The 'return' is the profit over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.02 in profit.
“回报率”是过去十二个月的利润。 另一种思考方法是每CN¥1的股本,公司能够赚取CN¥0.02的利润。
What Is The Relationship Between ROE And Earnings Growth?
ROE与盈利增长之间的关系是什么?
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。
Tongfu MicroelectronicsLtd's Earnings Growth And 2.2% ROE
同福微电子的盈利增长和2.2%的roe
It is hard to argue that Tongfu MicroelectronicsLtd's ROE is much good in and of itself. Even compared to the average industry ROE of 5.8%, the company's ROE is quite dismal. Although, we can see that Tongfu MicroelectronicsLtd saw a modest net income growth of 16% over the past five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
同福微电子的roe本身并不好,甚至与行业平均roe 5.8%相比也不容乐观。尽管如此,我们可以看到同福微电子在过去五年中净利润增长16%。我们相信,可能有其他方面正面影响了公司的盈利增长,例如高额的盈利保留或有效的管理措施。
As a next step, we compared Tongfu MicroelectronicsLtd's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 20% in the same period.
作为下一步,我们将同福微电子的净利润增长与行业进行了比较,并发现在同一时期内,公司与行业平均增长率20%有着相似的增长数据。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240806/0-84acd05f388922b01cd6c61a7d4b4a63-0-2887a18de1345a4c3dc905d8b7332ee8.png/big)
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. 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 Tongfu MicroelectronicsLtd is trading on a high P/E or a low P/E, relative to its industry.
盈利增长是衡量股票价值的重要指标。投资者应该尝试确定预期的盈利增长或下降是否已经反映在股票价格中。这样做将有助于帮助他们确定股票的未来前景是光明还是黯淡。预期盈利增长的一个很好的指标是市盈率,它根据公司的盈利前景确定市场愿意为股票支付的价格。因此,您可能需要检查同福微电子的市盈率是否高于或低于其行业水平。
Is Tongfu MicroelectronicsLtd Making Efficient Use Of Its Profits?
同福微电子是否有效利用了其利润?
Tongfu MicroelectronicsLtd has a low three-year median payout ratio of 6.3%, meaning that the company retains the remaining 94% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
同福微电子三年的中值股息支付率较低,仅为6.3%,这意味着公司保留了其94%的利润。这表明管理层大部分利润都再投资于公司的业务增长。
Additionally, Tongfu MicroelectronicsLtd has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外,同福微电子已经连续十年派发股息,这意味着公司非常积极地与股东分享其利润。
Conclusion
结论
In total, it does look like Tongfu MicroelectronicsLtd has some positive aspects to its business. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总体而言,同福微电子的业务具有一些积极因素。即使回报率较低,但公司由于大量重新投资于其业务,实现了令人印象深刻的盈利增长。话虽如此,最新的行业分析师预测表明,公司的盈利预计将加速增长。要了解有关公司未来盈利增长预测的更多信息,请查看有关公司分析师预测方面的免费报告。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。