Xinhua Winshare Publishing and Media Co., Ltd.'s (HKG:811) Stock Is Going Strong: Is the Market Following Fundamentals?
Xinhua Winshare Publishing and Media Co., Ltd.'s (HKG:811) Stock Is Going Strong: Is the Market Following Fundamentals?
Most readers would already be aware that Xinhua Winshare Publishing and Media's (HKG:811) stock increased significantly by 24% over the past 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. In this article, we decided to focus on Xinhua Winshare Publishing and Media's ROE.
大多数读者可能已经意识到,新华文轩出版与传媒(港股代码:811)的股票在过去三个月中显著上涨了24%。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绩效因子,以了解它们是否会影响市场。本文中,我们决定重点关注新华文轩出版与传媒的ROE。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股东权益回报率或ROE是股东需考虑的重要因素,因为它表明他们的资本再投资的有效性。简而言之,ROE显示每一美元在股东投资方面产生的利润。
How Do You Calculate Return On Equity?
如何计算股本回报率?
The formula for return on equity is:
股东权益回报率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股东权益回报率 = 净利润(来自持续运营)÷ 股东权益
So, based on the above formula, the ROE for Xinhua Winshare Publishing and Media is:
因此,基于上述公式,新华文轩出版与传媒的ROE为:
11% = CN¥1.6b ÷ CN¥14b (Based on the trailing twelve months to September 2024).
11% = CN¥16亿 ÷ CN¥140亿(基于截至2024年9月的过去12个月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each HK$1 of shareholders' capital it has, the company made HK$0.11 in profit.
'回报'是过去12个月税后赚取的金额。可以这样理解:每拥有1港元的股东资本,公司就赚取了0.11港元的利润。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
我们已经确定,ROE作为公司未来盈利的有效盈利生成指标。根据公司选择再投资或 "保留 "其利润的多少,我们能够评估公司未来产生利润的能力。一般而言,其他条件相同,具有高股本回报率和利润保留的公司,其增长率高于没有这些特征的公司。
Xinhua Winshare Publishing and Media's Earnings Growth And 11% ROE
新华文轩出版传媒的盈利增长和11% ROE
To begin with, Xinhua Winshare Publishing and Media seems to have a respectable ROE. On comparing with the average industry ROE of 9.1% the company's ROE looks pretty remarkable. Probably as a result of this, Xinhua Winshare Publishing and Media was able to see a decent growth of 7.8% over the last five years.
首先,新华文轩出版传媒似乎拥有可观的ROE。与行业平均ROE 9.1%相比,这家公司的ROE显得相当突出。可能正因如此,新华文轩出版传媒在过去五年内实现了7.8%的不错增长。
As a next step, we compared Xinhua Winshare Publishing and Media'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 6.2%.
接下来,我们将新华文轩出版传媒的净利润增长与行业进行了比较,令人欣慰的是,我们发现该公司的增长高于行业平均增长6.2%。

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). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Xinhua Winshare Publishing and Media's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
对一家公司的估值极大程度上与其收益增长有关。投资者了解市场是否将公司的预期收益增长(或下降)计入价格是很重要的。这有助于他们判断股票未来的光明或暗淡。如果你在关注新华文轩出版传媒的估值,可以查看其市盈率与行业板块的比较。
Is Xinhua Winshare Publishing and Media Making Efficient Use Of Its Profits?
新华文轩出版传媒是否有效利用其利润?
Xinhua Winshare Publishing and Media has a healthy combination of a moderate three-year median payout ratio of 30% (or a retention ratio of 70%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
新华文轩出版传媒拥有健康的中位数三年派息比例为30%(或保留比例为70%)的组合,以及如上所述的可观的收益增长,意味着公司有效利用了其利润。
Besides, Xinhua Winshare Publishing and Media has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
此外,新华文轩出版传媒已经至少支付了十年或更长时间的分红派息。这表明公司致力于与其股东分享利润。
Summary
总结
Overall, we are quite pleased with Xinhua Winshare Publishing and Media'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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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,我们对新华文轩出版传媒的表现非常满意。特别值得一提的是,公司正在大量投资于其业务,这带来了较高的回报率,并导致盈利大幅增长。不过,最新的行业分析师预测显示,公司盈利增长预计将放缓。要了解关于公司的最新分析师预测,请查看这个公司分析师预测的可视化图。
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这篇来自Simply Wall St的文章是一般性的。我们根据历史数据和分析师预测提供评论,采用无偏见的方法,我们的文章并不旨在提供财务建议。它不构成对任何股票的买入或卖出建议,也未考虑到您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。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在提到的任何股票中均没有持仓。