Is Sichuan Teway Food Group Co.,Ltd's (SHSE:603317) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Sichuan Teway Food Group Co.,Ltd's (SHSE:603317) Recent Stock Performance Tethered To Its Strong Fundamentals?
Sichuan Teway Food GroupLtd (SHSE:603317) has had a great run on the share market with its stock up by a significant 34% over the last three months. 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. Particularly, we will be paying attention to Sichuan Teway Food GroupLtd's ROE today.
四川特威食品集团有限公司(SHSE:603317)在股市上的表现非常出色,过去三个月其股票上涨了34%。由于市场通常关注公司的长期基本面,我们决定研究公司的关键业绩因子,以查看它们是否可能影响市场。特别是,我们今天将重点关注四川特威食品集团有限公司的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 Is ROE Calculated?
净资产收益率怎么计算?
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(来自持续经营) ÷ 股东权益
So, based on the above formula, the ROE for Sichuan Teway Food GroupLtd is:
因此,根据上述公式,四川特威食品集团有限公司的roe为:
13% = CN¥590m ÷ CN¥4.5b (Based on the trailing twelve months to September 2024).
13% = CN¥59000万 ÷ CN¥45亿(基于截至2024年9月的过去十二个月数据)。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.13 in profit.
‘回报’是上一年度税后的收益金额。换一种方式来想,对于每一元权益,该公司能够赚取CN¥0.13的利润。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
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。
Sichuan Teway Food GroupLtd's Earnings Growth And 13% ROE
四川天维食品集团有限公司的盈利增长和13%的roe
At first glance, Sichuan Teway Food GroupLtd seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 7.6%. This certainly adds some context to Sichuan Teway Food GroupLtd's decent 11% net income growth seen over the past five years.
乍一看,四川天维食品集团有限公司似乎拥有不错的roe。此外,该公司的roe与行业板块平均水平7.6%相比也相当不错。这无疑为四川天维食品集团有限公司在过去五年中11%的净利润增长提供了一些背景信息。
We then compared Sichuan Teway Food GroupLtd'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 2.5% in the same 5-year period.
我们随后将四川天维食品集团有限公司的净利润增长与行业板块进行了比较,欣喜地发现该公司的增长数据高于行业板块,在同样的五年期间,该行业的增长率为2.5%。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is 603317 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
给公司估值的基础在很大程度上与其盈利增长有关。投资者接下来需要判断的是,预期的盈利增长或缺乏盈利增长是否已经体现在股价中。通过这样做,他们将了解这只股票是走入了开阔的沃特世,还是将面临泥泞的水域。603317的估值是否合理?这张关于公司内在价值的信息图包含了您需要了解的一切。
Is Sichuan Teway Food GroupLtd Efficiently Re-investing Its Profits?
四川天味食品集团有限公司是否高效地再投资其利润?
Sichuan Teway Food GroupLtd has a significant three-year median payout ratio of 65%, meaning that it is left with only 35% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders.
四川天味食品集团有限公司的三年中位数派息比例为65%,这意味着它只有35%的收益可以再投资于其业务。这表明该公司尽管将大部分利润返还给股东,仍然能够实现良好的盈利增长。
Moreover, Sichuan Teway Food GroupLtd is determined to keep sharing its profits with shareholders which we infer from its long history of five 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 72%. Accordingly, forecasts suggest that Sichuan Teway Food GroupLtd's future ROE will be 14% which is again, similar to the current ROE.
此外,四川天味食品集团有限公司决心继续与股东分享其利润,这从它五年历史的派息记录中可以推测出来。根据最新分析师的估算,我们发现该公司未来三年的派息比例预计将保持在72%。相应地,预测显示四川天味食品集团有限公司未来的roe将为14%,这与当前的roe相似。
Conclusion
结论
On the whole, we feel that Sichuan Teway Food GroupLtd's performance has been quite good. Especially the high ROE, Which has contributed to the impressive growth seen in earnings. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总体而言,我们认为四川Teway食品集团有限公司的表现相当不错。尤其是较高的roe,为其盈利的显著增长做出了贡献。尽管公司仅将小部分利润再投资,但仍能实现盈利增长,这值得赞赏。通过研究当前分析师的预期,我们发现分析师预计公司将继续保持最近的增长势头。这些分析师的预期是基于行业的整体预期,还是公司的基本面?点击这里查看我们分析师为该公司的预测页面。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有反馈吗?对内容感到担忧吗?请直接与我们联系。或者,发送电子邮件至editorial-team @ simplywallst.com。
Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。