Is Zhongyin Babi Food Co., Ltd.'s (SHSE:605338) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Zhongyin Babi Food Co., Ltd.'s (SHSE:605338) Recent Stock Performance Tethered To Its Strong Fundamentals?
Zhongyin Babi Food (SHSE:605338) has had a great run on the share market with its stock up by a significant 15% over the last month. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Zhongyin Babi Food's ROE.
巴比食品(SHSE:605338)在股市上表现得非常出色,股价在过去一个月内大幅上涨了15%。由于市场通常会为一家公司的长期基本面买单,我们决定研究该公司的关键绩效指标,看看它们是否可能影响着市场。在本文中,我们决定专注于巴比食品的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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股东权益回报率(roe)是一种关键指标,用于评估公司管理层如何有效利用公司资本。更简单地说,它衡量了公司相对股东权益的盈利能力。
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 Zhongyin Babi Food is:
所以,基于上述公式,巴比食品的roe为:
11% = CN¥247m ÷ CN¥2.2b (Based on the trailing twelve months to June 2024).
11% = 2,4700万人民币 ÷ 22亿人民币(基于截至2024年6月的过去十二个月)。
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回报”是企业去年赚取的收入。 这意味着对于每1元股东权益,公司创造了0.11元的利润。
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. 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. 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是衡量公司盈利能力的一个指标。基于公司选择重新投资或“留存”的利润比例,我们可以评估公司未来产生利润的能力。其他因素相等的情况下,roe和利润留存率都较高的公司通常比没有这些特征的公司增长率更高。
Zhongyin Babi Food's Earnings Growth And 11% ROE
巴比食品的盈利增长和11%的roe
At first glance, Zhongyin Babi Food seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 8.0%. Probably as a result of this, Zhongyin Babi Food was able to see a decent growth of 7.5% over the last five years.
乍一看,巴比食品的roe似乎还不错。此外,该公司的roe与行业平均水平8.0%相比相当优越。可能正因如此,巴比食品在过去五年中能够看到7.5%的不错增长。
As a next step, we compared Zhongyin Babi Food'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 1.6%.
作为下一步,我们将巴比食品的净利润增长与行业进行了比较,令人高兴的是,我们发现公司的增长高于行业平均增长1.6%。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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 605338 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
公司价值的依据,在很大程度上与其盈利增长挂钩。投资者要知道市场是否已经反映了公司预期的盈利增长(或下降),这一点很重要。通过这样做,他们就能知道股票是走向明朗水域还是等待泥泞水域。605338是否合理价值?公司内在价值的信息图表中包含了您需要了解的一切。
Is Zhongyin Babi Food Efficiently Re-investing Its Profits?
巴比食品是否有效地再投资其利润?
Zhongyin Babi Food has a three-year median payout ratio of 33%, which implies that it retains the remaining 67% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
巴比食品的三年中位数支付比率为33%,这意味着它留存了剩下的67%利润。这表明其股息得到了很好的覆盖,并且考虑到公司所见到的良好增长,管理层似乎正在有效地再投资其盈利。
Moreover, Zhongyin Babi Food is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend. 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 32%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 11%.
此外,巴比食品决心继续与股东分享其利润,这一点我们从其连续三年支付股息的悠久历史中推断出。根据最新分析师预测,我们发现公司未来三年的支付比率预计将稳定在32%。因此,预计公司未来roe也不会有太大改变,分析师预测roe为11%。
Conclusion
结论
On the whole, we feel that Zhongyin Babi Food's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. 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,我们认为巴比食品的表现相当不错。特别是,我们喜欢公司正在大力 reinvesting 其业务,并获得了很高的回报率。毫不奇怪,这导致了令人印象深刻的收益增长。我们还研究了最新的分析师预测,发现公司的收益增长预期与当前增长率相仿。要了解更多有关公司未来收益增长预测的信息,请查看这份关于分析师预测的免费报告。
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