Foshan Golden Milky Way Intelligent Equipment Co., Ltd. (SZSE:300619) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. (SZSE:300619) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
With its stock down 28% over the past three months, it is easy to disregard Foshan Golden Milky Way Intelligent Equipment (SZSE:300619). But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Foshan Golden Milky Way Intelligent Equipment's ROE in this article.
由于过去三个月里,金银河(SZSE:300619)的股价下跌了28%,很容易忽视它。 但是如果你仔细观察,你可能会发现它的关键财务指标看起来相当不错,这意味着股票可能会在长期内上涨,因为市场通常会奖励更具韧性的长期基本面。 具体来说,我们决定在这篇文章中研究金银河的roe。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或ROE是一项用于评估公司管理层如何利用公司资本的效率的关键指标。简而言之,它用于评估公司相对于其股本资本的盈利能力。
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 Foshan Golden Milky Way Intelligent Equipment is:
因此,根据上述公式,金银河的roe为:
2.6% = CN¥45m ÷ CN¥1.7b (Based on the trailing twelve months to March 2024).
2.6% = 人民币4500万 ÷ 人民币17亿(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. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.03 in profit.
“回报”是过去十二个月的利润。其中一种概念是,每个CN¥1的股东资本,公司获得了CN¥0.03的利润。
Why Is ROE Important For Earnings Growth?
ROE为什么对净利润增长很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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 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.
到目前为止,我们已经了解到roe是公司盈利能力的一种度量方法。根据公司再投资或“留存”利润的程度以及其有效性,我们随后能够评估公司的盈利增长潜力。假设其他所有因素相同,则具有更高净资产收益率和更高利润保留的公司通常比没有相同功能的公司增长率更高。
A Side By Side comparison of Foshan Golden Milky Way Intelligent Equipment's Earnings Growth And 2.6% ROE
金银河智能设备的收益增长和2.6%的roe的并排对比
As you can see, Foshan Golden Milky Way Intelligent Equipment's ROE looks pretty weak. Even when compared to the industry average of 7.0%, the ROE figure is pretty disappointing. However, we we're pleasantly surprised to see that Foshan Golden Milky Way Intelligent Equipment grew its net income at a significant rate of 30% in the last five years. Therefore, there could be other reasons behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
正如您所看到的,金银河智能设备的roe看起来相当低。即使与行业平均水平7.0%相比,roe的数据仍然令人失望。然而,令人惊喜的是,在过去五年中,金银河智能设备的净利润以惊人的30%的速度增长。因此,这种增长背后可能还有其他原因。例如,公司拥有较低的派息比率或者管理效率较高。
We then compared Foshan Golden Milky Way Intelligent Equipment'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 9.4% in the same 5-year period.
接下来,我们将金银河智能设备的净利润增长与行业进行了比较,我们很高兴看到,在同样的五年期间,金银河智能设备的增长速度更高,而行业的增长率为9.4%。
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Earnings growth is a huge factor in stock valuation. 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. If you're wondering about Foshan Golden Milky Way Intelligent Equipment's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是股票估值的一个重要因素。投资者应该尽力确定预期的盈利增长或下滑是否被定价进去。这样做将帮助他们确定股票的未来前景是光明还是阴暗。如果你想了解Foshan Golden Milky Way Intelligent Equipment的估值,请查看其市盈率相对于所在行业的比较。
Is Foshan Golden Milky Way Intelligent Equipment Making Efficient Use Of Its Profits?
Foshan Golden Milky Way Intelligent Equipment是否有效利用其利润?
Foshan Golden Milky Way Intelligent Equipment's three-year median payout ratio to shareholders is 7.7%, which is quite low. This implies that the company is retaining 92% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
Foshan Golden Milky Way Intelligent Equipment的三年中位数分红比率为7.7%,相对较低。这意味着公司保留了92%的利润。这表明管理层正在通过公司的增长来重新投资大部分利润。
Moreover, Foshan Golden Milky Way Intelligent Equipment is determined to keep sharing its profits with shareholders which we infer from its long history of seven years of paying a dividend.
此外,我们从Foshan Golden Milky Way Intelligent Equipment连续七年支付股息的悠久历史中推断出,该公司决心与股东分享利润。
Conclusion
结论
In total, it does look like Foshan Golden Milky Way Intelligent Equipment has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 6 risks we have identified for Foshan Golden Milky Way Intelligent Equipment by visiting our risks dashboard for free on our platform here.
总体上看,金银河智能装备业务有一些积极方面。尽管roe较低,但公司的再投资率很高,使其收益得到了相当大的增长。虽然我们不会完全忽视该公司,但我们会尽力确定该业务的风险程度,以便做出更明智的决策。您可以免费访问我们的风险面板来查看我们为金银河智能装备确定的六个风险。
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