OK Science and Technology Co., Ltd.'s (SZSE:001223) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
OK Science and Technology Co., Ltd.'s (SZSE:001223) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
With its stock down 26% over the past three months, it is easy to disregard OK Science and Technology (SZSE:001223). However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to OK Science and Technology's ROE today.
在過去三個月中,其股票下跌了26%,很容易忽視OK Science and Technology(深圳證券交易所:001223)。但是,從長遠來看,股票價格通常由公司的財務狀況驅動,在這種情況下,這看起來相當可觀。特別是,我們今天將關注OK Science and Technology的投資回報率。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
ROE或股本回報率是評估公司如何有效地從股東那裏獲得的投資中獲得回報的有用工具。簡而言之,它用於評估公司相對於其股權資本的盈利能力。
Check out our latest analysis for OK Science and Technology
查看我們對 OK Science and Technology 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 OK Science and Technology is:
因此,根據上述公式,OK Science and Technology的投資回報率爲:
6.5% = CN¥121m ÷ CN¥1.9b (Based on the trailing twelve months to September 2023).
6.5% = 1.21億元人民幣 ÷ 19億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' is the profit over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.06.
“回報” 是過去十二個月的利潤。因此,這意味着公司每投資1元人民幣,公司就會產生0.06元人民幣的利潤。
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?
So far, we've learned that ROE is a measure of a company's profitability. 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.
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。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。
OK Science and Technology's Earnings Growth And 6.5% ROE
OK Science and Technology 的盈利增長和 6.5% 的
On the face of it, OK Science and Technology's ROE is not much to talk about. However, its ROE is similar to the industry average of 7.5%, so we won't completely dismiss the company. Having said that, OK Science and Technology has shown a modest net income growth of 13% 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.
從表面上看,OK Science and Technology的投資回報率沒什麼好談的。但是,其投資回報率與行業平均水平的7.5%相似,因此我們不會完全解散該公司。話雖如此,OK Science and Technology在過去五年中表現出13%的溫和淨收入增長。考慮到投資回報率適中,很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,該公司的派息率較低或管理效率很高。
As a next step, we compared OK Science and Technology's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 11% in the same period.
下一步,我們將OK Science and Technology的淨收入增長與該行業的淨收入增長進行了比較,發現與同期11%的行業平均增長率相比,該公司的增長數字相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240123/0-6e368b0e8c3d0e982bb4e801b54e0062-0-99b33b5aed31737cca4cdfe109ac545c.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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if OK Science and Technology is trading on a high P/E or a low P/E, relative to its industry.
收益增長是對股票進行估值時要考慮的重要指標。對於投資者來說,重要的是要知道市場是否對公司的預期收益增長(或下降)進行了定價。通過這樣做,他們將知道股票是走向清澈的藍色海水,還是沼澤的水域在等着你。衡量預期收益增長的一個很好的指標是市盈率,它根據收益前景決定了市場願意爲股票支付的價格。因此,您可能需要檢查OK Science and Technology相對於其行業是高市盈率還是低市盈率。
Is OK Science and Technology Efficiently Re-investing Its Profits?
OK Science and Technology 能否有效地將其利潤再投資?
OK Science and Technology 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 decent earnings growth number that we discussed above.
OK Science and Technology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。這無疑有助於實現我們上面討論的可觀的收入增長數字。
Conclusion
結論
Overall, we feel that OK Science and Technology 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. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總的來說,我們認爲OK Science and Technology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。既然如此,分析師的最新預測顯示,該公司的收益將繼續增長。這些分析師的預期是基於對該行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們分析師對公司的預測頁面。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。