Yechiu Metal Recycling (China) Ltd.'s (SHSE:601388) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Yechiu Metal Recycling (China) Ltd.'s (SHSE:601388) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Yechiu Metal Recycling (China)'s (SHSE:601388) stock is up by a considerable 7.6% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Yechiu Metal Recycling (China)'s ROE today.
葉球金屬回收(中國)S(上海證券交易所股票代碼:601388)的股票在過去一個月裡上漲了7.6%。鑑於股價通常與公司的長期財務表現一致,我們決定更仔細地研究其財務指標,看看它們是否對最近的價格走勢起到了作用。今天我們將特別關注葉球金屬回收(中國)的S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. Put another way, it reveals the company's success at turning shareholder investments into profits.
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。換句話說,它揭示了該公司成功地將股東投資轉化為利潤。
View our latest analysis for Yechiu Metal Recycling (China)
查看我們對冶球金屬回收的最新分析(中國)
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for ROE is:
這個淨資產收益率公式是:
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 Yechiu Metal Recycling (China) is:
因此,根據上述公式,野丘金屬回收(中國)的淨資產收益率為:
7.2% = CN¥306m ÷ CN¥4.3b (Based on the trailing twelve months to March 2023).
7.2%=3.06億元×43億元(以截至2023年3月的12個月為基礎)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.07 in profit.
“報稅表”是過去12個月的稅後收入。這意味著,股東權益每增加1元,公司就會產生0.07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. 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。根據公司選擇再投資或“保留”多少利潤,我們就能夠評估一家公司未來產生利潤的能力。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。
Yechiu Metal Recycling (China)'s Earnings Growth And 7.2% ROE
葉楚金屬回收(中國)S盈利增長及淨資產收益率7.2%
When you first look at it, Yechiu Metal Recycling (China)'s ROE doesn't look that attractive. Yet, a closer study shows that the company's ROE is similar to the industry average of 8.5%. Moreover, we are quite pleased to see that Yechiu Metal Recycling (China)'s net income grew significantly at a rate of 32% over the last five years. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看,葉球金屬回收(中國)的淨資產收益率(ROE)看起來並不那麼吸引人。然而,仔細研究發現,該公司的ROE類似於8.5%的行業平均水準。此外,我們相當高興地看到,葉球金屬回收(中國)的S的淨利潤在過去五年中以32%的速度大幅增長。考慮到ROE相對較低,很可能還有一些其他方面正在積極影響公司的收益增長。例如,高收益留存率或高效的管理層到位。
As a next step, we compared Yechiu Metal Recycling (China)'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 17%.
下一步,我們將葉楚金屬回收(中國)S的淨收入增長與行業進行了比較,令人欣喜的是,我們發現該公司看到的增長高於行業平均17%的增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20230801/0-d43d5e575459b46b2253a40994bfef7f-0-31de9c5b0b6e64934610d047d827a074.png/big)
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. Doing so will help them establish if the stock's future looks promising or ominous. Is Yechiu Metal Recycling (China) 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。投資者下一步需要確定的是,預期的收益增長是否已經計入了股價。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,葉球金屬回收(中國)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 Yechiu Metal Recycling (China) Efficiently Re-investing Its Profits?
葉球金屬回收(中國)是否有效地將利潤進行了再投資?
Yechiu Metal Recycling (China)'s ' three-year median payout ratio is on the lower side at 21% implying that it is retaining a higher percentage (79%) of its profits. So it looks like Yechiu Metal Recycling (China) is reinvesting profits heavily to grow its business, which shows in its earnings growth.
葉球金屬回收(中國)S的三年中值派息率偏低,為21%,這意味著該公司將保留較高的利潤百分比(79%)。因此,看起來野初金屬回收(中國)正在大舉投資利潤以實現業務增長,這從其盈利增長中可見一斑。
Additionally, Yechiu Metal Recycling (China) has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外,葉球金屬回收(中國)在至少十年的時間裡進行了分紅,這意味著該公司對與股東分享利潤相當認真。
Summary
摘要
Overall, we feel that Yechiu Metal Recycling (China) certainly does have some positive factors to consider. 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. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 2 risks we have identified for Yechiu Metal Recycling (China) visit our risks dashboard for free.
總體而言,我們覺得野丘金屬回收(中國)確實有一些積極的因素需要考慮。儘管回報率很低,但該公司將很高比例的利潤再投資於業務,無疑是其高收益增長的原因。雖然我們不會完全解僱這家公司,但我們要做的是努力確定這項業務在公司周圍做出更明智的決定的風險有多大。要了解我們為野丘金屬回收(中國)確定的兩個風險,請免費訪問我們的風險儀錶板。
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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.