Is Weakness In Imeik Technology Development Co.,Ltd. (SZSE:300896) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Imeik Technology Development Co.,Ltd. (SZSE:300896) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
It is hard to get excited after looking at Imeik Technology DevelopmentLtd's (SZSE:300896) recent performance, when its stock has declined 23% over the past three months. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Imeik Technology DevelopmentLtd's ROE in this article.
爱美客(临时代码)的(SZSE:300896)近三个月股价下跌23%,使人难以对其表现产生兴趣。然而,股票价格通常受公司长期的财务表现所驱动,在这种情况下,看起来相当有前途。本文将具体研究爱美客的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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
roe,即净资产收益率,是一种评估公司如何有效地从股东手中获取投资回报的有用工具。换句话说,它是一种盈利能力比率,衡量公司股东提供的资本的回报率。
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 Imeik Technology DevelopmentLtd is:
所以根据上述公式,爱美客的ROE为:
28% = CN¥2.0b ÷ CN¥7.0b (Based on the trailing twelve months to March 2024).
28%= CNY 20亿 ÷ CNY 70亿(基于最近的 2024 年 3 月)
The 'return' is the yearly profit. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.28 in profit.
“回报”是每年的利润。另一种思考方法是,对于每CNY1的股本,公司能够获得CNY0.28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 everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
我们已经确定,roe可以作为一种有效的衡量公司未来盈利能力的指标。现在我们需要评估公司再投资或“保留”的利润有多少,这就给我们提供了有关公司增长潜力的想法。假设其他一切不变,roe和利润保留率越高,公司的增长率就越高,而不一定具备这些特征的公司相比。
Imeik Technology DevelopmentLtd's Earnings Growth And 28% ROE
爱美客的盈利增长和28%的ROE
First thing first, we like that Imeik Technology DevelopmentLtd has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 5.8% which is quite remarkable. So, the substantial 39% net income growth seen by Imeik Technology DevelopmentLtd over the past five years isn't overly surprising.
首先,我们喜欢爱美客有令人印象深刻的ROE。此外,该公司的ROE高于行业平均水平5.8%,这相当令人瞩目。因此,过去五年爱美客净收入增长了39%,这并不令人过于惊讶。
Next, on comparing with the industry net income growth, we found that Imeik Technology DevelopmentLtd's growth is quite high when compared to the industry average growth of 5.4% in the same period, which is great to see.
接下来,与行业净收入增长相比较,我们发现爱美客的增长高于同期行业平均增长5.4%,这是很高兴看到的。
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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. Has the market priced in the future outlook for 300896? You can find out in our latest intrinsic value infographic research report.
盈利增长是考虑股票价值时需要考虑的重要指标。投资者需要接下来确定的是,预计的盈利增长或缺乏盈利增长是否已经反映在股价中。这有助于他们确定股票是处于光明还是黯淡的未来。市场是否已经为300896的未来展望定价?您可以在我们的最新内在价值信息图研究报告中找到答案。
Is Imeik Technology DevelopmentLtd Efficiently Re-investing Its Profits?
爱美客是否高效地再投资利润?
Imeik Technology DevelopmentLtd's three-year median payout ratio is a pretty moderate 48%, meaning the company retains 52% of its income. By the looks of it, the dividend is well covered and Imeik Technology DevelopmentLtd is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
爱美客的三年中位数派息比率相当适中,为48%,这意味着公司保留了52%的收入。看起来,股息得到了很好的覆盖,并且正如我们上面讨论的那样,爱美客在有效地再投资利润方面表现异常突出。
Additionally, Imeik Technology DevelopmentLtd has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 39%. Accordingly, forecasts suggest that Imeik Technology DevelopmentLtd's future ROE will be 31% which is again, similar to the current ROE.
此外,爱美客在过去四年中已经支付了股息,这意味着该公司非常愿意与股东分享其利润。根据最新分析师的估计,我们发现该公司未来三年的派息比率预计将保持稳定,在39%左右。因此,预测表明爱美客未来的ROE将达到31%,这与目前的ROE相似。
Conclusion
结论
Overall, we are quite pleased with Imeik Technology DevelopmentLtd's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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.
总体而言,我们对爱美客的表现相当满意。特别是看到公司大力投资业务,并且在高回报的同时,公司的盈利显著增长。即便如此,对最新分析师预测的研究表明,该公司未来的盈利增长预计会放缓。这些分析师的预期是基于业内的广泛预期还是公司基本面?请单击此处,进入我们的分析师预测页面。
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