Inner Mongolia ERDOS Resources Co.,Ltd. (SHSE:900936) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Inner Mongolia ERDOS Resources Co.,Ltd. (SHSE:900936) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Inner Mongolia ERDOS ResourcesLtd (SHSE:900936) has had a rough three months with its share price down 25%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Inner Mongolia ERDOS ResourcesLtd's ROE.
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25%。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。在本文中，我們決定將重點放在內蒙古鄂爾多斯資源有限公司的淨資產收益率上。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率(ROE)是對一家公司增值和管理投資者資金的效率的測試。簡而言之，淨資產收益率顯示了每一美元相對於其股東投資產生的利潤。
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 Is ROE Calculated?
淨資產收益率是如何計算的？
Return on equity can be calculated by using the formula:
股本回報率可使用以下公式計算：
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：
18% = CN¥4.5b ÷ CN¥25b (Based on the trailing twelve months to June 2023).
18%=CN元45億×CN元250億(以截至2023年6月的12個月為基礎)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.18.
“報稅表”是過去12個月的稅後收入。因此，這意味著股東每投資1美元，公司就會產生0.18美元的利潤。
What Has ROE Got To Do With Earnings Growth?
淨資產收益率與盈利增長有什麼關係？
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. 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。一般來說，在其他條件相同的情況下，股本回報率和利潤留存較高的公司比不具備這些特徵的公司有更高的增長率。
A Side By Side comparison of Inner Mongolia ERDOS ResourcesLtd's Earnings Growth And 18% ROE
內蒙古鄂爾多斯資源股份有限公司盈利增長與淨資產收益率18%的並列比較
At first glance, Inner Mongolia ERDOS ResourcesLtd seems to have a decent ROE. On comparing with the average industry ROE of 7.1% the company's ROE looks pretty remarkable. This probably laid the ground for Inner Mongolia ERDOS ResourcesLtd's significant 40% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
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。與7.1%的行業平均淨資產收益率相比，該公司的淨資產收益率看起來相當驚人。這可能為內蒙古鄂爾多斯資源有限公司過去五年淨利潤大幅增長40%奠定了基礎。我們認為，可能還有其他方面正在積極影響公司的收益增長。例如，公司管理層可能做出了一些良好的戰略決策，或者公司的派息率較低。
As a next step, we compared Inner Mongolia ERDOS ResourcesLtd'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，令人欣喜的是，我們發現該公司的增長高於行業平均增長17%。
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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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。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。通過這樣做，他們將知道股票是將進入清澈的藍色水域，還是等待沼澤水域。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 Using Its Retained Earnings Effectively?
內蒙古鄂爾多斯資源有限公司是否有效利用其留存收益？
The three-year median payout ratio for Inner Mongolia ERDOS ResourcesLtd is 45%, which is moderately low. The company is retaining the remaining 55%. 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45%，略低。該公司將保留剩餘的55%。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。
Summary
摘要
In total, we are pretty happy with Inner Mongolia ERDOS ResourcesLtd's performance. 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. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總體而言，我們對內蒙古鄂爾多斯資源有限公司的表現相當滿意。特別是，我們喜歡該公司對其業務進行大量再投資，並以高回報率進行投資。不出所料，這導致了令人印象深刻的收益增長。話雖如此，該公司的盈利增長預計將放緩，正如目前分析師預測的那樣。要了解更多分析師對該公司的最新預測，請查看分析師對該公司預測的可視化。
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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.