Is Shenzhen Keanda Electronic Technology Corp., Ltd.'s (SZSE:002972) Stock On A Downtrend As A Result Of Its Poor Financials?
Is Shenzhen Keanda Electronic Technology Corp., Ltd.'s (SZSE:002972) Stock On A Downtrend As A Result Of Its Poor Financials?
It is hard to get excited after looking at Shenzhen Keanda Electronic Technology's (SZSE:002972) recent performance, when its stock has declined 29% over the past three months. To decide if this trend could continue, we decided to look at its weak fundamentals as they shape the long-term market trends. Particularly, we will be paying attention to Shenzhen Keanda Electronic Technology's ROE today.
看了深圳科安達電子科技(SZSE:002972)的近期表現,很難感到興奮,當時其股票在過去三個月中下跌了29%。爲了決定這種趨勢能否持續下去,我們決定研究其疲軟的基本面,因爲它們塑造了長期市場趨勢。特別是,我們今天將關注深圳科安達電子科技的投資回報率。
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
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。換句話說,它是衡量公司股東提供的資本回報率的盈利比率。
How To Calculate Return On Equity?
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 Shenzhen Keanda Electronic Technology is:
因此,根據上述公式,深圳科安達電子科技的投資回報率爲:
6.0% = CN¥73m ÷ CN¥1.2b (Based on the trailing twelve months to September 2023).
6.0% = 7300萬元人民幣 ÷ 12億元人民幣(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¥0.06 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,公司就能獲得0.06元人民幣的利潤。
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. 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。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。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。
Shenzhen Keanda Electronic Technology's Earnings Growth And 6.0% ROE
深圳科安達電子科技的收益增長和6.0%的投資回報率
When you first look at it, Shenzhen Keanda Electronic Technology's ROE doesn't look that attractive. However, its ROE is similar to the industry average of 6.7%, so we won't completely dismiss the company. Having said that, Shenzhen Keanda Electronic Technology has shown a meagre net income growth of 3.9% over the past five years. Bear in mind, the company's ROE is not very high . Hence, this does provide some context to low earnings growth seen by the company.
當你第一次看時,深圳科安達電子科技的投資回報率看起來並不那麼吸引人。但是,其投資回報率與行業平均水平的6.7%相似,因此我們不會完全解散該公司。話雖如此,深圳科安達電子科技在過去五年中表現出微弱的3.9%的淨收入增長。請記住,該公司的投資回報率不是很高。因此,這確實爲公司所看到的低收益增長提供了一些背景信息。
As a next step, we compared Shenzhen Keanda Electronic Technology's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 11% in the same period.
下一步,我們將深圳科安達電子科技的淨收入增長與該行業進行了比較,並失望地看到該公司的增長低於同期11%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240226/0-cf3723e227ae3c18b18890781c623ee8-0-08a1b9ad862b0f8c1e6f2661b19f7a6e.png/big)
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Shenzhen Keanda Electronic Technology'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。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。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。如果你想知道深圳科安達電子科技的估值,可以看看這個衡量其市盈率與行業相比的指標。
Is Shenzhen Keanda Electronic Technology Making Efficient Use Of Its Profits?
深圳科安達電子科技是否在有效利用其利潤?
With a high three-year median payout ratio of 58% (or a retention ratio of 42%), most of Shenzhen Keanda Electronic Technology's profits are being paid to shareholders. This definitely contributes to the low earnings growth seen by the company.
深圳科安達電子科技的三年派息率中位數很高,爲58%(或42%的留存率),其大部分利潤都支付給了股東。這無疑是公司收益增長低的原因。
Moreover, Shenzhen Keanda Electronic Technology has been paying dividends for four years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer dividends over earnings growth.
此外,深圳科安達電子科技已經派發了四年股息,這是相當長的時間,這表明管理層一定已經意識到股東更喜歡分紅而不是收益增長。
Summary
摘要
In total, we would have a hard think before deciding on any investment action concerning Shenzhen Keanda Electronic Technology. As a result of its low ROE and lack of much reinvestment into the business, the company has seen a disappointing earnings growth rate. In brief, we think the company is risky and investors should think twice before making any final judgement on this company. Our risks dashboard would have the 2 risks we have identified for Shenzhen Keanda Electronic Technology.
總的來說,在決定任何與深圳科安達電子科技有關的投資行動之前,我們會經過深思熟慮。由於投資回報率低且缺乏對該業務的再投資,該公司的收益增長率令人失望。簡而言之,我們認爲該公司存在風險,投資者在對該公司做出最終判斷之前應三思而後行。我們的風險儀表板將包含我們爲深圳科安達電子科技確定的兩種風險。
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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。