Declining Stock and Solid Fundamentals: Is The Market Wrong About Chongqing Chuanyi Automation Co., Ltd. (SHSE:603100)?
Declining Stock and Solid Fundamentals: Is The Market Wrong About Chongqing Chuanyi Automation Co., Ltd. (SHSE:603100)?
With its stock down 26% over the past three months, it is easy to disregard Chongqing Chuanyi Automation (SHSE:603100). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Chongqing Chuanyi Automation's ROE in this article.
重慶川易自動化(SHSE: 603100)的股票在過去三個月中下跌了26%,很容易被忽視。但是,股票價格通常由公司的長期財務業績驅動,在這種情況下,這看起來很有希望。具體而言,我們決定在本文中研究重慶川易自動化的投資回報率。
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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。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。
How Is ROE Calculated?
ROE 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(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Chongqing Chuanyi Automation is:
因此,根據上述公式,重慶川易自動化的投資回報率爲:
20% = CN¥732m ÷ CN¥3.7b (Based on the trailing twelve months to December 2023).
20% = 7.32億元人民幣 ÷ 37億元人民幣(基於截至2023年12月的過去十二個月)。
The 'return' is the yearly profit. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.20.
“回報” 是每年的利潤。因此,這意味着其股東每投資1元人民幣,公司就會產生0.20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?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
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。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。
A Side By Side comparison of Chongqing Chuanyi Automation's Earnings Growth And 20% ROE
重慶川一自動化的收益增長和20%的投資回報率的並排比較
To begin with, Chongqing Chuanyi Automation seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 6.7%. Probably as a result of this, Chongqing Chuanyi Automation was able to see a decent growth of 18% over the last five years.
首先,重慶川易自動化的投資回報率似乎不錯。此外,該公司的投資回報率與行業平均水平的6.7%相比相當不錯。可能正因爲如此,重慶川一自動化得以在過去五年中實現了18%的可觀增長。
As a next step, we compared Chongqing Chuanyi Automation's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 11%.
下一步,我們將重慶川一自動化的淨收入增長與該行業進行了比較,令人高興的是,我們發現該公司的增長高於行業平均增長11%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240204/0-3fab94ffadaafc97c88e549b44cc8160-0-ab1288b01191221d595841b69cb15921.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. Is 603100 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
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。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。603100 的價值是否合理?這張關於公司內在價值的信息圖包含了你需要知道的一切。
Is Chongqing Chuanyi Automation Making Efficient Use Of Its Profits?
重慶川易自動化是否在有效利用其利潤?
With a three-year median payout ratio of 37% (implying that the company retains 63% of its profits), it seems that Chongqing Chuanyi Automation is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
重慶川一自動化三年派息率中位數爲37%(這意味着該公司保留了63%的利潤),看來重慶川一自動化正在進行有效的再投資,其收益將實現可觀的增長,並支付的股息覆蓋範圍廣。
Additionally, Chongqing Chuanyi Automation has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders.
此外,重慶川一自動化已在九年內派發了股息,這意味着該公司非常認真地與股東分享利潤。
Conclusion
結論
Overall, we are quite pleased with Chongqing Chuanyi Automation's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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,我們對重慶川一自動化的表現非常滿意。具體而言,我們喜歡該公司以高回報率再投資其利潤的很大一部分。當然,這導致該公司的收益大幅增長。最新的行業分析師預測顯示,預計該公司將保持目前的增長率。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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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。