Is Puyang Huicheng Electronic Material Co., Ltd.'s (SZSE:300481) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Puyang Huicheng Electronic Material Co., Ltd.'s (SZSE:300481) Recent Stock Performance Tethered To Its Strong Fundamentals?
Puyang Huicheng Electronic Material's (SZSE:300481) stock is up by a considerable 7.9% over the past week. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Puyang Huicheng Electronic Material's ROE in this article.
濮陽惠成電子材料(深圳證券交易所代碼:300481)的股票在過去一週上漲了7.9%。鑑於從長遠來看,市場會獎勵強勁的財務狀況,我們想知道在這種情況下是否如此。具體而言,我們決定在本文中研究濮陽惠成電子材料的投資回報率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. 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股東要考慮的重要因素,因爲它告訴他們資本再投資的有效性。簡而言之,它衡量公司相對於股東權益的盈利能力。
View our latest analysis for Puyang Huicheng Electronic Material
查看我們對濮陽惠成電子材料的最新分析
How Is ROE Calculated?
投資回報率是如何計算的?
The formula for return on equity is:
股本回報率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營)÷ 股東權益
So, based on the above formula, the ROE for Puyang Huicheng Electronic Material is:
因此,根據上述公式,濮陽惠成電子材料的投資回報率爲:
13% = CN¥301m ÷ CN¥2.4b (Based on the trailing twelve months to September 2023).
13% = 3.01億元人民幣 ÷ 24億元人民幣(基於截至2023年9月的過去十二個月)。
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¥0.13 in profit.
“回報” 是過去十二個月的稅後收入。另一種看法是,每持有價值1元人民幣的股權,該公司就能獲得0.13元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
到目前爲止,我們已經了解到,ROE衡量的是公司創造利潤的效率。根據公司選擇再投資或 “保留” 的利潤金額,我們隨後能夠評估公司未來的盈利能力。一般而言,在其他條件相同的情況下,股本回報率和利潤保留率高的公司比不具備這些屬性的公司的增長率更高。
Puyang Huicheng Electronic Material's Earnings Growth And 13% ROE
濮陽惠成電子材料的收益增長和13%的投資回報率
To begin with, Puyang Huicheng Electronic Material seems to have a respectable ROE. Especially when compared to the industry average of 6.8% the company's ROE looks pretty impressive. This certainly adds some context to Puyang Huicheng Electronic Material's exceptional 28% net income growth seen over the past five years. However, there could also be other causes behind this growth. Such as - high earnings retention or an efficient management in place.
首先,濮陽惠成電子材料的投資回報率似乎相當不錯。特別是與6.8%的行業平均水平相比,該公司的投資回報率看起來相當可觀。這無疑爲濮陽惠成電子材料在過去五年中實現的28%的驚人淨收入增長增添了一些背景信息。但是,這種增長背後可能還有其他原因。例如——高收益留存率或實行高效管理。
We then compared Puyang Huicheng Electronic Material's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 12% in the same 5-year period.
然後,我們將濮陽惠成電子材料的淨收入增長與該行業進行了比較,我們很高興地看到,與5年同期增長率爲12%的行業相比,該公司的增長數字更高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231230/0-74bc7471f484ec4b73491f501c7f15bb-0-24f235eacbbf4a0af1fed51153ae24e5.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. If you're wondering about Puyang Huicheng Electronic Material'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。無論如何,投資者應設法確定預期的收益增長或下降是否已計入其中。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。如果你想知道濮陽惠成電子材料的估值,可以看看這個衡量其與行業相比的市盈率指標。
Is Puyang Huicheng Electronic Material Efficiently Re-investing Its Profits?
濮陽惠成電子材料是否有效地將利潤再投資?
The three-year median payout ratio for Puyang Huicheng Electronic Material is 29%, which is moderately low. The company is retaining the remaining 71%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Puyang Huicheng Electronic Material is reinvesting its earnings efficiently.
濮陽惠成電子材料的三年中位數派息率爲29%,略低。該公司保留了剩餘的71%。這表明其股息覆蓋率良好,鑑於我們上面討論的高增長,濮陽惠成電子材料似乎正在有效地對其收益進行再投資。
Moreover, Puyang Huicheng Electronic Material is determined to keep sharing its profits with shareholders which we infer from its long history of eight years of paying a dividend.
此外,濮陽惠成電子材料決心繼續與股東分享利潤,這是我們從其八年派息的長期歷史中推斷出來的。
Summary
摘要
On the whole, we feel that Puyang Huicheng Electronic Material's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to 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,我們覺得濮陽惠成電子材料的表現相當不錯。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這爲其收益帶來了可觀的增長。我們還研究了最新的分析師預測,發現該公司的收益增長預計與其當前的增長率相似。要詳細了解分析師對公司的最新預測,請查看該公司的分析師預測的可視化。
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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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。