Ferrotec (An Hui) Technology Development Co.,LTD's (SZSE:301297) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Ferrotec (An Hui) Technology Development Co.,LTD's (SZSE:301297) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Ferrotec (An Hui) Technology DevelopmentLTD (SZSE:301297) has had a great run on the share market with its stock up by a significant 27% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Ferrotec (An Hui) Technology DevelopmentLTD's ROE today.
Ferrotec(安惠)科技開發有限公司(深交所代碼:301297)在過去三個月中大幅上漲了27%,在股市上表現良好。我們想知道公司的財務狀況在價格變化中是否起着什麼作用,因爲公司的長期基本面通常決定市場結果。特別是,我們今天將關注Ferrotec(安惠)科技開發有限公司的投資回報率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。簡而言之,它衡量公司相對於股東權益的盈利能力。
See our latest analysis for Ferrotec (An Hui) Technology DevelopmentLTD
查看我們對Ferrotec(安惠)科技發展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:
ROE 可以通過以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Ferrotec (An Hui) Technology DevelopmentLTD is:
因此,根據上述公式,Ferrotec(安徽)科技開發有限公司的投資回報率爲:
6.3% = CN¥89m ÷ CN¥1.4b (Based on the trailing twelve months to September 2023).
6.3% = 8900萬元人民幣 ¥14億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.06.
“回報” 是指公司去年的收益。因此,這意味着其股東每投資1元人民幣,公司就會產生0.06CN的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 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.
我們已經確定,投資回報率是衡量公司未來收益的有效盈利指標。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。
A Side By Side comparison of Ferrotec (An Hui) Technology DevelopmentLTD's Earnings Growth And 6.3% ROE
Ferrotec(安惠)科技開發有限公司的收益增長和6.3%的投資回報率的並行比較
When you first look at it, Ferrotec (An Hui) Technology DevelopmentLTD's ROE doesn't look that attractive. However, given that the company's ROE is similar to the average industry ROE of 6.1%, we may spare it some thought. On the other hand, Ferrotec (An Hui) Technology DevelopmentLTD reported a moderate 17% net income growth over the past 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. For instance, the company has a low payout ratio or is being managed efficiently.
當你第一次看的時候,Ferrotec(安惠)科技開發有限公司的投資回報率看起來並不那麼吸引人。但是,鑑於該公司的投資回報率與6.1%的行業平均投資回報率相似,我們可以不加考慮。另一方面,Ferrotec(安惠)科技發展有限公司報告稱,在過去五年中,淨收入溫和增長了17%。考慮到投資回報率略低,很有可能還有其他一些方面對公司的收益增長產生積極影響。例如,該公司的支付率較低或正在得到有效的管理。
Next, on comparing with the industry net income growth, we found that Ferrotec (An Hui) Technology DevelopmentLTD's growth is quite high when compared to the industry average growth of 7.0% in the same period, which is great to see.
接下來,與行業淨收入增長相比,我們發現Ferrotec(安惠)科技開發有限公司的增長相當高,而同期的行業平均增長率爲7.0%,這很高興看到。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231206/0-754350a4bc9d6bf7d99246765c49e14b-0-bd380371b234667904eb301f79b28317.png/big)
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 Ferrotec (An Hui) Technology DevelopmentLTD's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值的重要因素。投資者應努力確定預期的收益增長或下降,無論情況如何,是否已被考慮在內。然後,這可以幫助他們確定股票是面向光明還是黯淡的未來。如果你想知道Ferrotec(安慧)科技開發有限公司的估值,可以看看這個衡量其市盈率與行業比較的指標。
Is Ferrotec (An Hui) Technology DevelopmentLTD Using Its Retained Earnings Effectively?
Ferrotec(安惠)科技開發有限公司是否在有效使用其留存收益?
With a three-year median payout ratio of 26% (implying that the company retains 74% of its profits), it seems that Ferrotec (An Hui) Technology DevelopmentLTD is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
Ferrotec(安輝)科技發展有限公司的三年期中位數支付率爲26%(這意味着該公司保留了74%的利潤),因此似乎正在高效地進行再投資,其收益可以實現可觀的增長,並支付可觀的股息。
Summary
摘要
In total, it does look like Ferrotec (An Hui) Technology DevelopmentLTD has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. 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 1 risk we have identified for Ferrotec (An Hui) Technology DevelopmentLTD visit our risks dashboard for free.
總的來說,Ferrotec(安惠)科技發展有限公司的業務確實有一些積極的方面。儘管投資回報率很低,但由於再投資率很高,該公司的收益卻取得了可觀的增長。雖然我們不會完全解散該公司,但我們要做的是努力確定企業的風險,以便圍繞公司做出更明智的決定。要了解我們爲Ferrotec(安惠)科技開發有限公司確定的1種風險,請免費訪問我們的風險儀表板。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。