Should Weakness in Ingenic Semiconductor Co.,Ltd.'s (SZSE:300223) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in Ingenic Semiconductor Co.,Ltd.'s (SZSE:300223) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity With its stock down 20% over the past three months, it is easy to disregard Ingenic SemiconductorLtd (SZSE:300223). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Ingenic SemiconductorLtd's ROE.
由于过去三个月该公司的股价下跌了20％，因此很容易忽略英捷光电科技股份有限公司（SZSE:300223）。但是，公司的基本面看起来相当不错，长期财务状况通常与未来的市场价格走势保持一致。在本文中，我们决定侧重英捷光电科技股份有限公司的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. 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 To Calculate Return On Equity?
如何计算股东权益报酬率？
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 Ingenic SemiconductorLtd is:
因此，根据上述公式，英捷光电科技股份有限公司的roe为：
4.2% = CN¥492m ÷ CN¥12b (Based on the trailing twelve months to March 2024).
4.2％= CN¥49200万 ÷ CN¥120亿（截至2024年3月的过去十二个月基础上）
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.04 in profit.
“回报”是指公司上一年的收益。一个概念化的方法是，对于每1元股东的资本，公司赚了0.04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. 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.
我们已经意识到，ROE作为公司未来盈利的有效衡量值。根据公司重新投资或“保留”这些利润的程度，以及公司有效地运用这些利润的程度，我们就能评估公司的盈利增长潜力。假设其他所有因素保持不变，ROE和利润保留越高，增长率就会越高，相比于没有这些特点的公司，公司的增长率就会更高。
Ingenic SemiconductorLtd's Earnings Growth And 4.2% ROE
英捷光电科技股份有限公司的盈利增长和4.2％的roe
As you can see, Ingenic SemiconductorLtd's ROE looks pretty weak. Not just that, even compared to the industry average of 5.8%, the company's ROE is entirely unremarkable. However, we we're pleasantly surprised to see that Ingenic SemiconductorLtd grew its net income at a significant rate of 38% in the last five years. We reckon that there could be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
正如您所看到的，英捷光电科技股份有限公司的roe看起来相当薄弱。不仅如此，与行业平均水平5.8％相比，公司的roe也完全不起眼。但是，我们惊喜地发现，在过去五年中，英捷光电科技股份有限公司的净利润以惊人的38％的速度增长。我们认为这里可能存在其他因素。例如，公司的管理层可能已经做出了一些良好的战略决策，或者公司的支付比率很低。
We then compared Ingenic SemiconductorLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 19% in the same 5-year period.
然后，我们将英捷光电科技股份有限公司的净利润增长与行业进行了比较，并高兴地看到，在同一5年期内，公司的增长率较行业高，行业增长率为19％。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is Ingenic SemiconductorLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的一个重要因素。投资者知道市场是否已经定价了公司预期的盈利增长（或下降）非常重要。这有助于他们判断股票的前景是光明还是黯淡。英捷光电科技股份有限公司是否与其他公司相比公平价值？这些3种估值方法可能会帮助您做出决定。
Is Ingenic SemiconductorLtd Efficiently Re-investing Its Profits?
英捷光电科技股份有限公司是否有效地重新投资其利润？
Ingenic SemiconductorLtd's ' three-year median payout ratio is on the lower side at 8.9% implying that it is retaining a higher percentage (91%) of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
英捷光电科技股份有限公司的三年中位数支付比率偏低，为8.9％，意味着公司留存了更高的利润比例（91％）。因此，管理层似乎在大量重新投资利润以发展业务，这反映在其盈利增长数字中。
Moreover, Ingenic SemiconductorLtd is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外，英捷光电科技股份有限公司决心与股东分享利润，我们从其至少十年的派息历史中推断出来。
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。
Overall, we feel that Ingenic SemiconductorLtd certainly does have some positive factors to consider. 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. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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.
总的来说，我们认为英捷光电科技股份有限公司确实有一些积极因素需要考虑。尽管回报率低，但公司的盈利增长非常引人注目，因为它大量重新投资业务。话虽如此，预计该公司的盈利增长将放缓，如当前分析师预测所预测的。要了解更多有关公司未来盈利增长预测的信息，请查看有关分析师对该公司的预测的免费报告。
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。