Do Its Financials Have Any Role To Play In Driving JL Mag Rare-Earth Co., Ltd.'s (SZSE:300748) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving JL Mag Rare-Earth Co., Ltd.'s (SZSE:300748) Stock Up Recently?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity JL Mag Rare-Earth's (SZSE:300748) stock is up by a considerable 103% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on JL Mag Rare-Earth's ROE.
JL Mag Rare-Earth（深圳证券交易所代码：300748）的股票在过去三个月中大幅上涨了103％。正如大多数人所知道的那样，基本面通常是指导市场价格长期走势的因素，因此我们今天决定研究公司的关键财务指标，以确定它们在近期的价格走势中是否可以发挥任何作用。在本文中，我们决定重点介绍JL Mag Rare-Earth的投资回报率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回报率或投资回报率是股东需要考虑的重要因素，因为它可以告诉他们资本再投资的有效性。简而言之，它衡量公司相对于股东权益的盈利能力。
How Is ROE Calculated?
ROE 是如何计算的？
ROE can be calculated by using the formula:
ROE 可以通过使用以下公式计算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润（来自持续经营）÷ 股东权益
So, based on the above formula, the ROE for JL Mag Rare-Earth is:
因此，根据上述公式，JL Mag Rare-Earth的投资回报率为：
4.0% = CN¥270m ÷ CN¥6.8b (Based on the trailing twelve months to September 2024).
4.0% = 27000万元人民币 ÷ 68元人民币（基于截至2024年9月的过去十二个月）。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.04 in profit.
“回报” 是指公司去年的收益。另一种看法是，每持有价值1元人民币的股权，公司就能获得0.04元人民币的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系？
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.
我们已经确定，投资回报率是衡量公司未来收益的有效盈利指标。然后，我们能够评估公司的收益增长潜力，具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他一切保持不变，那么与不一定具有这些特征的公司相比，投资回报率和利润保留率越高，公司的增长率就越高。
JL Mag Rare-Earth's Earnings Growth And 4.0% ROE
JL Mag Rare-Earth的收益增长和4.0％的投资回报率
It is quite clear that JL Mag Rare-Earth's ROE is rather low. Even compared to the average industry ROE of 6.4%, the company's ROE is quite dismal. JL Mag Rare-Earth was still able to see a decent net income growth of 19% over the past five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. 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.
很明显，JL Mag Rare-Earth的投资回报率相当低。即使与6.4％的行业平均投资回报率相比，该公司的投资回报率也相当惨淡。在过去五年中，JL Mag Rare-Earth仍然能够实现19％的不错的净收入增长。我们认为，可能还有其他方面对公司的收益增长产生积极影响。例如，公司的管理层可能做出了一些良好的战略决策，或者公司的派息率很低。
As a next step, we compared JL Mag Rare-Earth'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 10%.
下一步，我们将JL Mag Rare-Earth的净收入增长与该行业进行了比较，令人高兴的是，我们发现该公司的增长高于10％的行业平均增长。
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 JL Mag Rare-Earth is trading on a high P/E or a low P/E, relative to its industry.
收益增长是对股票进行估值时要考虑的重要指标。投资者接下来需要确定的是，预期的收益增长或缺乏收益是否已经包含在股价中。通过这样做，他们将知道股票是走向清澈的蓝色海水还是沼泽水域在等着呢。衡量预期收益增长的一个很好的指标是市盈率，它根据收益前景决定了市场愿意为股票支付的价格。因此，你可能需要检查一下JL Mag Rare-Earth相对于其行业是高市盈率还是低市盈率。
Is JL Mag Rare-Earth Efficiently Re-investing Its Profits?
JL Mag Rarearth是否有效地将其利润再投资？
With a three-year median payout ratio of 35% (implying that the company retains 65% of its profits), it seems that JL Mag Rare-Earth is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
JL Mag Rare-Earth的三年派息率中位数为35％（这意味着该公司保留了65％的利润），看来JL Mag Rare-Earth正在进行有效的再投资，其收益将实现可观的增长，并支付可观的股息。
Besides, JL Mag Rare-Earth has been paying dividends over a period of six years. This shows that the company is committed to sharing profits with its shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 52% over the next three years. However, JL Mag Rare-Earth's future ROE is expected to rise to 9.5% despite the expected increase in the company's payout ratio. We infer that there could be other factors that could be driving the anticipated growth in the company's ROE.
此外，JL Mag Rare-Earth在六年内一直在派发股息。这表明该公司致力于与股东分享利润。我们最新的分析师数据显示，该公司的未来派息率预计将在未来三年内上升至52％。但是，尽管预计JL Mag Rare-Earth的派息率将提高，但该公司的未来投资回报率预计将升至9.5％。我们推断，可能还有其他因素可以推动公司投资回报率的预期增长。
Conclusion
结论
On the whole, we do feel that JL Mag Rare-Earth has some positive attributes. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总的来说，我们确实认为JL Mag Rare-Earth具有一些积极的属性。尽管回报率很低，但该公司将其利润的很大一部分再投资于业务这一事实无疑促进了其高收益增长。话虽如此，从分析师目前的估计来看，我们发现该公司的收益有望增强。要详细了解分析师对公司的最新预测，请查看该公司的分析师预测的可视化。
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Simply Wall St 的这篇文章本质上是笼统的。我们仅使用公正的方法提供基于历史数据和分析师预测的评论，我们的文章并非旨在提供财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。
