Are Alibaba Pictures Group Limited's (HKG:1060) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Alibaba Pictures Group Limited's (HKG:1060) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
It is hard to get excited after looking at Alibaba Pictures Group's (HKG:1060) recent performance, when its stock has declined 14% over the past month. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Alibaba Pictures Group's ROE in this article.
看了阿里巴巴影業集團(HKG: 1060)最近的表現,很難感到興奮,當時該公司的股票在過去一個月中下跌了14%。但是,股票價格通常由公司的長期財務狀況驅動,在這種情況下,這看起來相當可觀。具體而言,我們決定在本文中研究阿里影業集團的投資回報率。
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.
股本回報率或投資回報率是對公司增值和管理投資者資金的有效性的考驗。簡而言之,投資回報率顯示了每美元從其股東投資中產生的利潤。
View our latest analysis for Alibaba Pictures Group
查看我們對阿里巴巴影業集團的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算:
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 Alibaba Pictures Group is:
因此,根據上述公式,阿里影業集團的投資回報率爲:
1.5% = CN¥215m ÷ CN¥15b (Based on the trailing twelve months to September 2023).
1.5% = 2.15億元人民幣 ¥15億元人民幣(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. That means that for every HK$1 worth of shareholders' equity, the company generated HK$0.01 in profit.
“回報” 是指公司去年的收益。這意味着,每獲得價值1港元的股東權益,公司就會產生0.01港元的利潤。
Why Is ROE Important For Earnings Growth?
爲什麼投資回報率對收益增長很重要?
So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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.
到目前爲止,我們已經了解到,投資回報率是衡量公司盈利能力的指標。現在,我們需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長,從而使我們對公司的增長潛力有所了解。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
Alibaba Pictures Group's Earnings Growth And 1.5% ROE
阿里巴巴影業集團的收益增長和1.5%的投資回報率
It is quite clear that Alibaba Pictures Group's ROE is rather low. Even compared to the average industry ROE of 5.8%, the company's ROE is quite dismal. Despite this, surprisingly, Alibaba Pictures Group saw an exceptional 54% net income growth over the past five years. We reckon that there could be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
很明顯,阿里影業集團的投資回報率相當低。即使與5.8%的行業平均投資回報率相比,該公司的投資回報率也相當令人沮喪。儘管如此,令人驚訝的是,阿里影業集團在過去五年中實現了54%的驚人淨收入增長。我們認爲這裏可能還有其他因素在起作用。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 Alibaba Pictures Group's growth is quite high when compared to the industry average growth of 3.1% in the same period, which is great to see.
接下來,與行業淨收入增長相比,我們發現阿里影業集團的增長相當高,而同期的行業平均增長率爲3.1%,這很高興看到。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231209/0-55bfdda957360ec8111fe447b993a9c7-0-f60befe8786ec8ad6f2bc438ea6d5bb2.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. Doing so will help them establish if the stock's future looks promising or ominous. What is 1060 worth today? The intrinsic value infographic in our free research report helps visualize whether 1060 is currently mispriced by the market.
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。這樣做將幫助他們確定股票的未來是光明還是不祥。今天的1060值多少錢?我們的免費研究報告中的內在價值信息圖有助於直觀地了解市場目前是否對1060進行了錯誤的定價。
Is Alibaba Pictures Group Making Efficient Use Of Its Profits?
阿里巴巴影業集團是否在有效利用其利潤?
Alibaba Pictures Group doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
阿里巴巴影業集團目前不支付任何股息,這本質上意味着它一直在將所有利潤再投資於該業務。這無疑有助於我們上面討論的高收益增長。
Conclusion
結論
On the whole, we do feel that Alibaba Pictures Group has some positive attributes. 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. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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,我們確實認爲阿里巴巴影業集團具有一些積極的屬性。儘管回報率低,但該公司將其利潤的很大一部分再投資於業務這一事實無疑促進了其高收益增長。最新的行業分析師預測顯示,該公司有望保持目前的增長率。要詳細了解分析師對公司的最新預測,請查看分析師對公司的預測的可視化。
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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。