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Guangzhou Haoyang Electronic Co.,Ltd.'s (SZSE:300833) Stock Is Going Strong: Is the Market Following Fundamentals?

Guangzhou Haoyang Electronic Co.,Ltd.'s (SZSE:300833) Stock Is Going Strong: Is the Market Following Fundamentals?

浩洋股份(SZSE:300833)的股票表现强劲:市场是否关注基本面?
Simply Wall St ·  09/27 22:01

Most readers would already be aware that Guangzhou Haoyang ElectronicLtd's (SZSE:300833) stock increased significantly by 15% over the past week. 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 Guangzhou Haoyang ElectronicLtd's ROE.

大多数读者可能已经意识到,广州豪洋电子股份有限公司(SZSE:300833)的股价在过去一周大幅上涨了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市场。在本文中,我们决定专注于广州豪洋电子的roe。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

净资产收益率(ROE)是衡量公司增值和管理投资者资金有效性的测试。换句话说,它是一种盈利能力比率,用于衡量公司股东提供的资金回报率。

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 Guangzhou Haoyang ElectronicLtd is:

因此,根据以上公式,广州豪阳电子有限公司的roe是:

15% = CN¥349m ÷ CN¥2.3b (Based on the trailing twelve months to June 2024).

15% = 34900万人民币 ÷ 23亿人民币(截至2024年6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¥0.15 in profit.

‘回报’是过去12个月的利润。一种概括这一点的方式是,对于每1元股东资本,公司赚取了0.15元的利润。

Why Is ROE Important For Earnings Growth?

ROE为什么对净利润增长很重要?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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,我们已经学到 ROE(净资产收益率)可以衡量公司盈利的效率。具体取决于公司再投资或“保留”多少这些利润,以及其有效程度,我们便能够评估公司的盈利增长潜力。假设其他条件相同,ROE和利润保留率都较高的公司通常比不具备这些特征的公司增长率更高。

Guangzhou Haoyang ElectronicLtd's Earnings Growth And 15% ROE

Guangzhou Haoyang ElectronicLtd's Earnings Growth And 15% ROE

At first glance, Guangzhou Haoyang ElectronicLtd seems to have a decent ROE. On comparing with the average industry ROE of 6.9% the company's ROE looks pretty remarkable. Probably as a result of this, Guangzhou Haoyang ElectronicLtd was able to see an impressive net income growth of 27% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.

At first glance, Guangzhou Haoyang ElectronicLtd seems to have a decent ROE. On comparing with the average industry ROE of 6.9% the company's ROE looks pretty remarkable. Probably as a result of this, Guangzhou Haoyang ElectronicLtd was able to see an impressive net income growth of 27% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.

Next, on comparing with the industry net income growth, we found that Guangzhou Haoyang ElectronicLtd's growth is quite high when compared to the industry average growth of 12% in the same period, which is great to see.

Next, on comparing with the industry net income growth, we found that Guangzhou Haoyang ElectronicLtd's growth is quite high when compared to the industry average growth of 12% in the same period, which is great to see.

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SZSE:300833 Past Earnings Growth September 28th 2024
SZSE:300833 Past Earnings Growth September 28th 2024

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). This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Guangzhou Haoyang ElectronicLtd is trading on a high P/E or a low P/E, relative to its industry.

盈利增长是评估股票价值时必须考虑的重要指标。对于投资者来说,重要的是要知道市场是否已经将公司预期的盈利增长(或下降)价格化。然后这有助于他们判断股票是处于光明还是暗淡的未来。预期盈利增长的一个良好指标是市盈率,该指标确定市场愿意根据其盈利前景为股票支付的价格。因此,您可能希望查看广州浩扬电子有限公司的市盈率是高还是低,相对于其所在的行业。

Is Guangzhou Haoyang ElectronicLtd Making Efficient Use Of Its Profits?

广州浩扬电子有限公司是否高效利用其利润?

The three-year median payout ratio for Guangzhou Haoyang ElectronicLtd is 50%, which is moderately low. The company is retaining the remaining 50%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Guangzhou Haoyang ElectronicLtd is reinvesting its earnings efficiently.

广州浩扬电子有限公司的三年中位数派息比率为50%,属于适度偏低。该公司保留了其余50%。这表明其股息得到很好的保障,并且鉴于我们上面讨论的高增长,看起来广州浩扬电子有限公司正在高效地再投资其盈利。

Besides, Guangzhou Haoyang ElectronicLtd has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.

此外,广州浩扬电子有限公司在过去三年一直在支付股息。这表明该公司致力于与股东分享利润。

Conclusion

结论

Overall, we are quite pleased with Guangzhou Haoyang ElectronicLtd'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. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. 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,我们对广州浩洋电子有限公司的业绩相当满意。特别是,公司大举投资于其业务,加上高回报率,导致其收益大幅增长。在研究当前分析师的估计时,我们发现分析师预计公司将继续其最近的增长势头。要了解更多有关该公司最新分析师预测的信息,请查看该公司的分析师预测可视化。

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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.

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