Should Weakness in Jenkem Technology Co., Ltd.'s (SHSE:688356) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in Jenkem Technology Co., Ltd.'s (SHSE:688356) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
With its stock down 33% over the past three months, it is easy to disregard Jenkem Technology (SHSE:688356). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Jenkem Technology's ROE.
詹肯科技(SHSE: 688356)的股票在過去三個月中下跌了33%,很容易被忽視。但是,該公司的基本面看起來相當不錯,長期財務狀況通常與未來的市場價格走勢一致。在本文中,我們決定重點關注詹肯科技的投資回報率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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,它用於評估公司相對於其股權資本的盈利能力。
How Do You Calculate Return On Equity?
你如何計算股本回報率?
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 Jenkem Technology is:
因此,根據上述公式,詹肯科技的投資回報率爲:
9.5% = CN¥123m ÷ CN¥1.3b (Based on the trailing twelve months to December 2023).
9.5% = 1.23億元人民幣 ÷ 13億元人民幣(基於截至2023年12月的過去十二個月)。
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.10 in profit.
“回報” 是企業在過去一年中獲得的收入。將其概念化的一種方法是,公司每擁有1元人民幣的股東資本,就會獲得0.10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?
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. 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.
我們已經確定,投資回報率是衡量公司未來收益的有效利潤創造指標。我們現在需要評估公司爲未來增長再投資或 “保留” 了多少利潤,這樣我們就可以了解公司的增長潛力。假設其他一切都保持不變,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。
A Side By Side comparison of Jenkem Technology's Earnings Growth And 9.5% ROE
Jenkem Technology的收益增長和9.5%的投資回報率的並排比較
When you first look at it, Jenkem Technology's ROE doesn't look that attractive. However, given that the company's ROE is similar to the average industry ROE of 8.3%, we may spare it some thought. Particularly, the exceptional 21% net income growth seen by Jenkem Technology over the past five years is pretty remarkable. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
當你第一次看時,詹肯科技的投資回報率看起來並不那麼吸引人。但是,鑑於該公司的投資回報率與8.3%的平均行業投資回報率相似,我們可以不加思索。特別是,Jenkem Technology在過去五年中實現了21%的驚人淨收入增長,這非常引人注目。考慮到投資回報率不是特別高,我們認爲還可能有其他因素在起作用,這些因素可能會影響公司的增長。例如,公司的管理層可能做出了一些良好的戰略決策,或者公司的派息率很低。
We then compared Jenkem Technology'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 11% in the same 5-year period.
然後,我們將Jenkem Technology的淨收入增長與該行業進行了比較,我們很高興地看到,與該行業相比,該公司的增長數字更高,該行業在同期的5年增長率爲11%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240308/0-b726dcfbd8b6b8022b804a150da8f90e-0-0cc44aed1341a28afe906ff347e2b2ae.png/big)
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Jenkem Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是對股票進行估值時要考慮的重要指標。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。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Jenkem Technology的估值,可以看看這個衡量其市盈率與行業相比的指標。
Is Jenkem Technology Making Efficient Use Of Its Profits?
Jenkem Technology 是否在有效利用其利潤?
Jenkem Technology has a three-year median payout ratio of 27% (where it is retaining 73% of its income) which is not too low or not too high. So it seems that Jenkem Technology is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Jenkem Technology的三年派息率中位數爲27%(保留了收入的73%),不太低或不太高。因此,Jenkem Technology似乎正在進行有效的再投資,其收益增長令人印象深刻(如上所述),並支付的股息覆蓋範圍廣。
Besides, Jenkem Technology has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.
此外,Jenkem Technology已在三年內派發了股息。這表明該公司致力於與股東分享利潤。
Conclusion
結論
In total, it does look like Jenkem Technology has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. 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,Jenkem Technology的業務看起來確實有一些積極的方面。儘管投資回報率很低,但由於再投資率很高,該公司的收益實現了可觀的增長。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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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。