Is Qingdao Citymedia Co,. Ltd.'s (SHSE:600229) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Qingdao Citymedia Co,. Ltd.'s (SHSE:600229) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Most readers would already be aware that Qingdao Citymedia Co's (SHSE:600229) stock increased significantly by 10% over the past week. 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. In this article, we decided to focus on Qingdao Citymedia Co's ROE.
大多數讀者應該已經知道,青島城市傳媒股份有限公司(上交所:600229)的股票在過去一週大幅上漲了10%。考慮到股價通常與公司的長期財務表現保持一致,我們決定更仔細地研究公司的財務指標,看看它們是否對最近的價格走勢起到了作用。在本文中,我們決定將重點放在青島城市傳媒股份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。
View our latest analysis for Qingdao Citymedia Co
查看我們對青島城市傳媒有限公司的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
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 Qingdao Citymedia Co is:
因此,根據上述公式,青島城市傳媒股份有限公司的淨資產收益率為:
11% = CN¥346m ÷ CN¥3.1b (Based on the trailing twelve months to June 2023).
11%=3.46億元×31億元(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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.11 in profit.
“報稅表”是過去12個月的稅後收入。另一種說法是,公司每持有價值1元的股權,就能賺取0.11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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
到目前為止,我們已經瞭解到淨資產收益率衡量的是一家公司創造利潤的效率。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。
Qingdao Citymedia Co's Earnings Growth And 11% ROE
青島城市傳媒的盈利增長和11%的淨資產收益率
At first glance, Qingdao Citymedia Co seems to have a decent ROE. On comparing with the average industry ROE of 6.1% the company's ROE looks pretty remarkable. As you might expect, the 5.0% net income decline reported by Qingdao Citymedia Co is a bit of a surprise. Therefore, there might be some other aspects that could explain this. For example, it could be that the company has a high payout ratio or the business has allocated capital poorly, for instance.
乍一看,青島城市傳媒股份有限公司似乎擁有不錯的淨資產收益率。與6.1%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。正如你可能預料到的,青島城市傳媒股份有限公司報告的淨收入下降5.0%有點出人意料。因此,可能還有其他一些方面可以解釋這一點。例如,可能是公司的派息率很高,或者企業的資本配置不當。
So, as a next step, we compared Qingdao Citymedia Co's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 2.2% over the last few years.
因此,作為下一步,我們將青島城市媒體有限公司的表現與行業進行了比較,令人失望的是,儘管該公司的收益一直在縮水,但該行業在過去幾年中以2.2%的速度增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231028/0-0a7f7e20ac8671cba543f846b483fe93-0-119f4557140b481374621ae39183897c.png/big)
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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is 600229 worth today? The intrinsic value infographic in our free research report helps visualize whether 600229 is currently mispriced by the market.
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)。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。今天600229的價值是多少?我們免費研究報告中的內在價值資訊圖有助於直觀地瞭解600229目前是否被市場錯誤定價。
Is Qingdao Citymedia Co Efficiently Re-investing Its Profits?
青島城市傳媒股份有限公司是否有效地將利潤進行了再投資?
In spite of a normal three-year median payout ratio of 41% (that is, a retention ratio of 59%), the fact that Qingdao Citymedia Co's earnings have shrunk is quite puzzling. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
儘管正常的三年派息率中值為41%(即留存比率為59%),但青島城市傳媒股份有限公司的收益縮水的事實令人費解。看起來可能還有其他一些原因來解釋這方面的缺乏。例如,這項業務可能正在衰落。
Moreover, Qingdao Citymedia Co has been paying dividends for seven years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer consistent dividends even though earnings have been shrinking.
此外,青島城市傳媒股份有限公司已經分紅七年了,這是一個相當長的時間,這表明管理層一定已經意識到,儘管收益一直在縮水,但股東更喜歡一致的股息。
Summary
摘要
Overall, we feel that Qingdao Citymedia Co certainly does have some positive factors to consider. However, given the high ROE and high profit retention, we would expect the company to be delivering strong earnings growth, but that isn't the case here. This suggests that there might be some external threat to the business, that's hampering its growth. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總體而言,我們認為青島城市傳媒股份有限公司確實有一些積極的因素需要考慮。然而,考慮到高淨資產收益率和高利潤保留率,我們預計該公司將實現強勁的收益增長,但這裡的情況並非如此。這表明,該業務可能面臨一些外部威脅,這正在阻礙其增長。話雖如此,我們研究了最新的分析師預測,發現儘管該公司過去的收益有所縮水,但分析師預計其未來的收益將會增長。要了解更多有關該公司未來收益增長預測的資訊,請查看以下內容免費報告分析師對該公司的預測,以瞭解更多資訊.
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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.