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Xueda (Xiamen) Education Technology Group Co., Ltd (SZSE:000526) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

Xueda (Xiamen) Education Technology Group Co., Ltd (SZSE:000526) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

学大教育(厦门)科技集团有限公司(深交所:000526)股票近期表现疲弱,但财务状况看起来强劲:潜在股东应该迈出这一步吗?
Simply Wall St ·  2024/12/25 08:56

With its stock down 15% over the past three months, it is easy to disregard Xueda (Xiamen) Education Technology Group (SZSE:000526). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Xueda (Xiamen) Education Technology Group's ROE today.

在过去三个月中,学大教育的股票下跌了15%,这让人很容易忽视它。但如果你仔细观察,你会发现它强大的财务状况可能意味着该股票在长期内有潜力看到价值的增长,因为市场通常会奖励财务健康的公司。尤其是,我们今天将关注学大教育的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. 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是股东需要考虑的重要因素,因为它告诉他们资本的再投资效率。简单来说,它用于评估公司相对于其股本的盈利能力。

How To Calculate Return On Equity?

如何计算股东权益回报率?

Return on equity can be calculated by using the formula:

净资产收益率可以通过以下公式计算:

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 Xueda (Xiamen) Education Technology Group is:

因此,根据上述公式,学大教育的ROE为:

27% = CN¥211m ÷ CN¥793m (Based on the trailing twelve months to September 2024).

27% = CN¥21100万 ÷ CN¥79300万(基于截至2024年9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¥0.27 in profit.

“回报”是过去十二个月的利润。一种理解方式是,对于每1元的股东资本,公司获得了0.27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. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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.

到目前为止,我们了解到ROE是公司盈利能力的一个衡量标准。我们现在需要评估公司用于未来增长的利润再投资或"保留"的多少,这将给我们一个关于公司增长潜力的概念。一般来说,在其他条件相同的情况下,具有高股本回报率和利润保留的公司,其增长率通常高于不具备这些特征的公司。

Xueda (Xiamen) Education Technology Group's Earnings Growth And 27% ROE

学大教育的收益增长和27%的ROE

To begin with, Xueda (Xiamen) Education Technology Group has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 6.7% the company's ROE is quite impressive. This probably laid the groundwork for Xueda (Xiamen) Education Technology Group's moderate 18% net income growth seen over the past five years.

首先,学大教育的ROE相当高,这非常有趣。其次,即使与行业平均6.7%相比,该公司的ROE依然相当令人印象深刻。这可能为学大教育过去五年中18%的净利润适度增长奠定了基础。

We then compared Xueda (Xiamen) Education Technology Group'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 10% in the same 5-year period.

然后我们将学大教育的净利润增长与行业进行了比较,令人高兴的是,该公司的增长数据高于行业,而行业在同五年期间的增长率为10%。

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SZSE:000526 Past Earnings Growth December 25th 2024
深交所:000526的过去收益增长 2024年12月25日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Xueda (Xiamen) Education Technology Group's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

为公司估值的基础在很大程度上与其盈利增长相关。投资者应该尝试确定预期的盈利增长或下降,无论哪种情况,是否已经反映在价格中。这然后帮助他们判断股票未来是光明还是黯淡。如果你想了解学大教育的估值,可以查看其市盈率与行业的对比。

Is Xueda (Xiamen) Education Technology Group Using Its Retained Earnings Effectively?

学大教育是否有效利用其留存收益?

Xueda (Xiamen) Education Technology Group doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above.

目前,学大教育并不支付任何定期分红,这基本上意味着它将所有利润重新投资于业务中。这无疑有助于上面讨论的良好盈利增长数字。

Conclusion

结论

On the whole, we feel that Xueda (Xiamen) Education Technology Group'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. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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.

总体来说,我们认为学大教育的表现相当不错。特别是,我们喜欢该公司大量再投资于其业务,并且回报率很高。不足为奇的是,这导致了令人印象深刻的盈利增长。话虽如此,最新的行业分析师预测显示,该公司的盈利预计将加速。这些分析师的预期是基于行业的普遍预期,还是基于公司的基本面?点击这里查看我们针对该公司的分析师预测页面。

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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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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。

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