Is Digiwin Software Co.,Ltd.'s (SZSE:300378) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Is Digiwin Software Co.,Ltd.'s (SZSE:300378) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Digiwin SoftwareLtd's (SZSE:300378) stock is up by a considerable 35% over the past month. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Digiwin SoftwareLtd's ROE.
Digiwin SoftwareLTD(深圳證券交易所代碼:300378)的股票在過去一個月中上漲了35%。由於市場通常會爲公司的長期基本面買單,因此我們決定研究公司的關鍵績效指標,看看它們是否會影響市場。在本文中,我們決定重點介紹Digiwin SoftwareLtd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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
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,它衡量公司相對於股東權益的盈利能力。
How To Calculate Return On Equity?
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 Digiwin SoftwareLtd is:
因此,根據上述公式,Digiwin SoftwareLTD的投資回報率爲:
6.7% = CN¥139m ÷ CN¥2.1b (Based on the trailing twelve months to September 2023).
6.7% = 1.39億元人民幣 ÷ 21億元人民幣(基於截至2023年9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¥0.07.
“回報” 是每年的利潤。因此,這意味着公司每投資1元人民幣,公司就會產生0.07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?
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. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。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。假設其他條件都一樣,與功能不相同的公司相比,具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。
Digiwin SoftwareLtd's Earnings Growth And 6.7% ROE
Digiwin SoftwareLtd的收益增長和6.7%的投資回
On the face of it, Digiwin SoftwareLtd's ROE is not much to talk about. Although a closer study shows that the company's ROE is higher than the industry average of 4.4% which we definitely can't overlook. This certainly adds some context to Digiwin SoftwareLtd's moderate 13% net income growth seen over the past five years. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Therefore, the growth in earnings could also be the result of other factors. Such as- high earnings retention or the company belonging to a high growth industry.
從表面上看,Digiwin SoftwareLTD的投資回報率沒什麼好談的。儘管一項更仔細的研究表明,該公司的投資回報率高於行業平均水平的4.4%,但我們絕對不能忽視。這無疑爲Digiwin SoftwareLTD在過去五年中實現的13%的溫和淨收入增長增添了一些背景信息。請記住,該公司的投資回報率確實適度低。只是行業的投資回報率較低。因此,收益的增長也可能是其他因素的結果。例如-高收益留存率或屬於高增長行業的公司。
As a next step, we compared Digiwin SoftwareLtd'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 4.9%.
下一步,我們將Digiwin SoftwareLTD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4.9%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240314/0-4bd49b37e518db0b5f9d9e8c69e8eadf-0-e8eab4cb485c092413764b8de8f43bec.png/big)
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. 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 Digiwin SoftwareLtd is trading on a high P/E or a low P/E, relative to its industry.
收益增長是股票估值的重要因素。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。然後,這可以幫助他們確定股票是爲光明還是暗淡的未來而佈局。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,你可能需要檢查一下Digiwin SoftwareLTD相對於其行業來說是高市盈率還是低市盈率。
Is Digiwin SoftwareLtd Using Its Retained Earnings Effectively?
Digiwin SoftwareLtd是否有效地使用其留存收益?
Digiwin SoftwareLtd has a low three-year median payout ratio of 22%, meaning that the company retains the remaining 78% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
Digiwin SoftwareLTD的三年派息率中位數很低,爲22%,這意味着該公司保留了剩餘的78%的利潤。這表明管理層正在將大部分利潤再投資以發展業務。
Besides, Digiwin SoftwareLtd has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
此外,Digiwin SoftwareLTD支付股息已有至少十年或更長時間了。這表明該公司致力於與股東分享利潤。
Summary
摘要
In total, we are pretty happy with Digiwin SoftwareLtd's performance. Specifically, we like that it has been reinvesting a high portion of its profits at a moderate rate of return, resulting in earnings expansion. 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,我們對Digiwin SoftwareLtd的表現非常滿意。具體而言,我們喜歡它一直在以適度的回報率再投資其很大一部分利潤,從而實現了收益的擴張。既然如此,分析師的最新預測顯示,該公司的收益將繼續擴大。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。