Suzhou TFC Optical Communication Co., Ltd.'s (SZSE:300394) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Suzhou TFC Optical Communication Co., Ltd.'s (SZSE:300394) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
It is hard to get excited after looking at Suzhou TFC Optical Communication's (SZSE:300394) recent performance, when its stock has declined 10% over the past three months. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study Suzhou TFC Optical Communication's ROE in this article.
在看到天孚通信(SZSE:300394)最近三个月的股价下跌10%后,很难感到兴奋。但如果你仔细观察,就会发现它强大的财务状况可能意味着股票在长期内有增值的潜力,因为市场通常奖励良好财务状况的公司。具体而言,我们决定在本文中研究天孚通信的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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
roe或股东权益回报率是评估公司如何有效地从股东那里获得回报的有用工具。简而言之,它用于评估公司相对于其权益资本的盈利能力。
How Is ROE Calculated?
净资产收益率怎么计算?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算:
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 Suzhou TFC Optical Communication is:
因此,根据上述公式,天孚通信的ROE为:
25% = CN¥918m ÷ CN¥3.7b (Based on the trailing twelve months to March 2024).
25% = CN¥91800万 ÷ CN¥37亿(根据截至2024年3月的过去十二个月)。
The 'return' is the yearly profit. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.25.
“回报”是年利润。这意味着对于每1元股东投资,该公司能够创造0.25元的利润。
What Is The Relationship Between ROE And Earnings Growth?
ROE与盈利增长之间的关系是什么?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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,我们已经了解了roe是衡量公司盈利能力的一种指标。根据公司选择重新投资或“保留”多少利润,我们就能评估公司未来盈利的能力。一般来说,其他条件相同的情况下,具有高roe和盈利保留的公司比不具备这些属性的公司增长率更高。
Suzhou TFC Optical Communication's Earnings Growth And 25% ROE
天孚通信的盈利增长和25%的roe
First thing first, we like that Suzhou TFC Optical Communication has an impressive ROE. Secondly, even when compared to the industry average of 6.4% the company's ROE is quite impressive. So, the substantial 32% net income growth seen by Suzhou TFC Optical Communication over the past five years isn't overly surprising.
首先,我们喜欢天孚通信具有令人印象深刻的roe。其次,即使与行业平均水平6.4%相比,该公司的roe也相当可观。因此,过去五年天孚通信实现的32%的净利润增长并不令人过分惊讶。
As a next step, we compared Suzhou TFC Optical Communication's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 13%.
作为下一步,我们将天孚通信的净利润增长与行业进行了比较,令人高兴的是,我们发现该公司实现的增长高于行业平均增长13%。
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Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is 300394 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
在估值股票时,盈利增长是一个重要的指标。投资者需要了解市场是否已经定价了公司预期的盈利增长(或下降)。通过这样做,他们就可以知道股票是否会进入清晰的情况还是会遭遇混乱的情况。300394是否公平价值?此信息图表关于公司的内在价值有你所需的一切。
Is Suzhou TFC Optical Communication Making Efficient Use Of Its Profits?
苏州天孚通信是否有效利用其利润?
The three-year median payout ratio for Suzhou TFC Optical Communication is 45%, which is moderately low. The company is retaining the remaining 55%. By the looks of it, the dividend is well covered and Suzhou TFC Optical Communication is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
苏州天孚通信的三年中位数分红比率为45%,属于中等偏低水平。该公司保留了剩下的55%。看起来,股息得到了很好的覆盖,苏州天孚通信通过其上述的出色增长表明它在高效地再投资其利润。
Besides, Suzhou TFC Optical Communication has been paying dividends over a period of nine years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 48% of its profits over the next three years. Regardless, the future ROE for Suzhou TFC Optical Communication is predicted to rise to 39% despite there being not much change expected in its payout ratio.
此外,苏州天孚通信在过去九年内一直在支付股息。这表明该公司致力于与股东分享利润。在研究最新的分析师共识数据时,我们发现该公司预计在未来三年内将支付约48%的利润。尽管其分红比率预计不会有太大变化,但苏州天孚通信的未来ROE预计将上升至39%。
Conclusion
结论
In total, we are pretty happy with Suzhou TFC Optical Communication's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言,我们对天孚通信的表现非常满意。具体来说,我们喜欢这家公司以较高的回报率重新投资其大部分利润。当然,这导致该公司的收益出现了显著增长。最新的行业分析师预测显示,该公司有望保持其当前的增长率。要了解更多关于该公司最新分析师预测的信息,请查看此可视化分析师预测。
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