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Jiayuan Science and Technology Co.,Ltd. (SZSE:301117) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Jiayuan Science and Technology Co.,Ltd. (SZSE:301117) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

佳源科技股份有限公司, Ltd.(深圳證券交易所代碼:301117)股票一直在下滑但基本面看起來不錯:未來市場會糾正股價嗎?
Simply Wall St ·  2023/10/13 18:18

It is hard to get excited after looking at Jiayuan Science and TechnologyLtd's (SZSE:301117) recent performance, when its stock has declined 22% over the past three months. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Jiayuan Science and TechnologyLtd's ROE in this article.

看到世紀佳緣科技股份有限公司(SZSE:301117)最近的表現,很難感到興奮,其股價在過去三個月裡下跌了22%。但如果你密切關注,你可能會發現,該公司的關鍵財務指標看起來相當不錯,這可能意味著,鑑於市場通常會獎勵更具彈性的長期基本面因素,該股可能會在長期內上漲。具體地說,我們決定在本文中研究世紀佳緣科技有限公司的淨資產收益率。

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 Jiayuan Science and TechnologyLtd

查看我們對世紀佳緣科技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?

ROE can be calculated by using the formula:

可使用以下公式計算淨資產收益率:

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 Jiayuan Science and TechnologyLtd is:

因此,根據上述公式,世紀佳緣科技有限公司的淨資產收益率為:

3.5% = CN¥46m ÷ CN¥1.3b (Based on the trailing twelve months to June 2023).

3.5%=4600萬元×13億元(以截至2023年6月的12個月為基礎)。

The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.03 in profit.

“回報”指的是一家公司過去一年的收益。一種概念化的方法是,公司每擁有1元人民幣的股東資本,就會獲得0.03元人民幣的利潤。

Why Is ROE Important For Earnings Growth?

為什麼淨資產收益率對收益增長很重要?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

我們已經證實,淨資產收益率是一家公司未來收益的有效盈利指標。根據公司將這些利潤再投資或“保留”多少,以及這樣做的效率如何,我們就能夠評估一家公司的收益增長潛力。假設其他條件不變,淨資產收益率和利潤保留率越高,與不一定具有這些特徵的公司相比,公司的增長率就越高。

A Side By Side comparison of Jiayuan Science and TechnologyLtd's Earnings Growth And 3.5% ROE

世紀佳緣盈利增長與淨資產收益率3.5%的並列比較

It is quite clear that Jiayuan Science and TechnologyLtd's ROE is rather low. Not just that, even compared to the industry average of 6.3%, the company's ROE is entirely unremarkable. In spite of this, Jiayuan Science and TechnologyLtd was able to grow its net income considerably, at a rate of 25% in the last five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.

很明顯,世紀佳緣科技股份有限公司的淨資產收益率相當低。不僅如此,即使與6.3%的行業平均水準相比,該公司的淨資產收益率也完全不起眼。儘管如此,世紀佳緣科技有限公司的淨收入在過去五年中以25%的速度大幅增長。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。

Next, on comparing with the industry net income growth, we found that Jiayuan Science and TechnologyLtd's growth is quite high when compared to the industry average growth of 8.6% in the same period, which is great to see.

接下來,對比行業淨收入增長,我們發現世紀佳緣科技有限公司的增長與同期8.6%的行業平均增長相比是相當高的,這是令人欣喜的。

past-earnings-growth
SZSE:301117 Past Earnings Growth October 13th 2023
深圳證交所:過去301117的收益增長2023年10月13日

Earnings growth is a huge factor in stock valuation. 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 Jiayuan Science and TechnologyLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的收益增長或下降是否已計入價格,無論是哪種情況。這有助於他們確定這只股票是為光明還是黯淡的未來做準備。如果你想知道世紀佳緣科技有限公司的估值,看看這個衡量其本益比的指標,與其行業相比。

Is Jiayuan Science and TechnologyLtd Efficiently Re-investing Its Profits?

世紀佳緣科技有限公司是否有效地將利潤進行了再投資?

Jiayuan Science and TechnologyLtd's three-year median payout ratio is a pretty moderate 30%, meaning the company retains 70% of its income. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Jiayuan Science and TechnologyLtd is reinvesting its earnings efficiently.

世紀佳緣科技有限公司的三年派息率中值為30%,相當適中,這意味著該公司保留了70%的收入。這表明其股息得到了很好的覆蓋,考慮到我們上面討論的高增長,世紀佳緣科技有限公司似乎正在有效地對其收益進行再投資。

Along with seeing a growth in earnings, Jiayuan Science and TechnologyLtd only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders.

隨著盈利的增長,世紀佳緣科技有限公司最近才開始分紅。該公司很可能希望給股東留下深刻印象。

Summary

摘要

Overall, we feel that Jiayuan Science and TechnologyLtd 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. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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,我們認為世紀佳緣科技有限公司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。儘管如此,最新的行業分析師預測顯示,該公司的收益預計將加速增長。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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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,地址是暗示Wallst.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.

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