Will Weakness in Inner Mongolia ERDOS Resources Co.,Ltd.'s (SHSE:900936) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Inner Mongolia ERDOS Resources Co.,Ltd.'s (SHSE:900936) Stock Prove Temporary Given Strong Fundamentals?
Inner Mongolia ERDOS ResourcesLtd (SHSE:900936) has had a rough three months with its share price down 11%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Inner Mongolia ERDOS ResourcesLtd's ROE in this article.
內蒙古鄂爾多斯資源股份有限公司(上交所代碼：900936)經歷了艱難的三個月，股價下跌了11%。然而，股價通常是由一家公司的長期財務表現推動的，在這種情況下，這看起來相當有希望。具體地說，我們決定在本文中研究內蒙古鄂爾多斯資源有限公司的淨資產收益率。
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.
股本回報率或淨資產收益率是股東要考慮的一個重要因素，因為它告訴他們他們的資本再投資的效率。簡而言之，它衡量的是一家公司相對於股東權益的盈利能力。
See our latest analysis for Inner Mongolia ERDOS ResourcesLtd
查看我們對內蒙古鄂爾多斯資源有限公司的最新分析
How To Calculate Return On Equity?
如何計算股本回報率？
The formula for return on equity is:
這個股本回報率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for Inner Mongolia ERDOS ResourcesLtd is:
因此，根據上述公式，內蒙古鄂爾多斯資源有限公司的淨資產收益率為：
23% = CN¥6.2b ÷ CN¥27b (Based on the trailing twelve months to March 2023).
23%=CN元62億×CN元270億(以截至2023年3月的12個月為基礎)。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.23 in profit.
“收益”是過去12個月的利潤。這意味著，股東權益每增加1美元，公司就會產生0.23美元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
淨資產收益率與盈利增長之間有什麼關係？
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. 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.
到目前為止，我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。我們現在需要評估公司將多少利潤再投資或“保留”用於未來的增長，這就讓我們對公司的增長潛力有了一個瞭解。假設其他條件相同，與沒有相同特徵的公司相比，擁有更高股本回報率和更高利潤保留率的公司通常會有更高的增長率。
Inner Mongolia ERDOS ResourcesLtd's Earnings Growth And 23% ROE
內蒙古鄂爾多斯資源有限公司盈利增長和23%的淨資產收益率
At first glance, Inner Mongolia ERDOS ResourcesLtd seems to have a decent ROE. Especially when compared to the industry average of 8.0% the company's ROE looks pretty impressive. This probably laid the ground for Inner Mongolia ERDOS ResourcesLtd's significant 46% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
乍一看，內蒙古鄂爾多斯資源有限公司似乎擁有不錯的淨資產收益率。特別是與8.0%的行業平均水準相比，該公司的淨資產收益率看起來相當令人印象深刻。這可能為內蒙古鄂爾多斯資源有限公司在過去五年中實現46%的淨利潤增長奠定了基礎。我們認為，可能還有其他因素在起作用。例如-高收益留存或有效的管理到位。
We then compared Inner Mongolia ERDOS ResourcesLtd'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 17% in the same period.
然後，我們將內蒙古鄂爾多斯資源有限公司的淨收入增長與行業進行了比較，我們高興地看到，與同期17%的行業增長率相比，該公司的增長數位更高。
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). Doing so will help them establish if the stock's future looks promising or ominous. Is Inner Mongolia ERDOS ResourcesLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是評估一隻股票時需要考慮的一個重要指標。對於投資者來說，重要的是知道市場是否已經消化了公司預期的收益增長(或下降)。這樣做將有助於他們確定該股的未來看起來是光明的還是不祥的。與其他公司相比，內蒙古鄂爾多斯資源有限公司的估值是否公平？這3個估值指標可能會幫助你做出決定。
Is Inner Mongolia ERDOS ResourcesLtd Making Efficient Use Of Its Profits?
內蒙古鄂爾多斯資源有限公司是否有效利用了利潤？
The three-year median payout ratio for Inner Mongolia ERDOS ResourcesLtd is 44%, which is moderately low. The company is retaining the remaining 56%. So it seems that Inner Mongolia ERDOS ResourcesLtd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
內蒙古鄂爾多斯資源有限公司的三年中值派息率為44%，略低。該公司將保留剩餘的56%。因此，內蒙古鄂爾多斯資源有限公司似乎正在以一種高效的方式進行再投資，它看到了令人印象深刻的收益增長(如上所述)，並支付了豐厚的股息。
Moreover, Inner Mongolia ERDOS ResourcesLtd is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外，內蒙古鄂爾多斯資源有限公司決心繼續與股東分享利潤，這是我們從其至少十年的派息歷史中推斷出來的。
Conclusion
結論
Overall, we are quite pleased with Inner Mongolia ERDOS ResourcesLtd's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. You can see the 1 risk we have identified for Inner Mongolia ERDOS ResourcesLtd by visiting our risks dashboard for free on our platform here.
總體而言，我們對內蒙古鄂爾多斯資源有限公司的表現感到滿意。具體地說，我們喜歡該公司將一大筆利潤以高回報率進行再投資。當然，這導致該公司的收益出現了大幅增長。如果該公司繼續以目前的方式增長收益，考慮到每股收益對長期股價的影響，這可能會對其股價產生積極影響。我們不要忘記，商業風險也是影響股票價格的因素之一。因此，這也是投資者在對任何業務做出決定之前需要關注的一個重要領域。您可以訪問我們的網站查看我們為內蒙古鄂爾多斯資源有限公司確定的1個風險風險控制面板在我們的平臺上是免費的。
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.
對這篇文章有什麼反饋嗎？擔心內容嗎？ 保持聯繫直接與我們聯繫。或者，也可以給編輯組發電子郵件，地址是implywallst.com。
本文由Simply Wall St.撰寫，具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論，我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。