Hangzhou EZVIZ Network Co., Ltd.'s (SHSE:688475) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Hangzhou EZVIZ Network Co., Ltd.'s (SHSE:688475) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Most readers would already know that Hangzhou EZVIZ Network's (SHSE:688475) stock increased by 7.0% over the past three months. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Specifically, we decided to study Hangzhou EZVIZ Network's ROE in this article.
大多數讀者已經知道,杭州EZVIZ網絡(上海證券交易所代碼:688475)的股票在過去三個月中上漲了7.0%。由於市場通常爲公司的長期財務狀況買單,因此我們決定研究公司的基本面,看看它們是否會影響市場。具體而言,我們決定在本文中研究杭州EZVIZ網絡的投資回報率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. 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股東需要考慮的重要因素,因爲它可以告訴他們資本再投資的有效性。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 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 Hangzhou EZVIZ Network is:
因此,根據上述公式,杭州EZVIZ網絡的投資回報率爲:
11% = CN¥563m ÷ CN¥5.1b (Based on the trailing twelve months to December 2023).
11% = 5.63億元人民幣 ÷ 51億元人民幣(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. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回報” 是企業在過去一年中獲得的收入。這意味着,每持有價值1元人民幣的股權,公司就會產生0.11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. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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盈利指標。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。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。
Hangzhou EZVIZ Network's Earnings Growth And 11% ROE
杭州EZVIZ網絡的收益增長和11%的投資回報率
At first glance, Hangzhou EZVIZ Network seems to have a decent ROE. On comparing with the average industry ROE of 6.6% the company's ROE looks pretty remarkable. This certainly adds some context to Hangzhou EZVIZ Network's decent 18% net income growth seen over the past five years.
乍一看,杭州EZVIZ網絡的投資回報率似乎不錯。與6.6%的行業平均投資回報率相比,該公司的投資回報率看起來相當可觀。這無疑爲杭州EZVIZ Network在過去五年中實現的18%的淨收入增長增添了一些背景信息。
We then compared Hangzhou EZVIZ Network'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 9.9% in the same 5-year period.
然後,我們將杭州EZVIZ Network的淨收入增長與該行業進行了比較,我們很高興地看到,與5年同期增長率爲9.9%的行業相比,該公司的增長數字更高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240408/0-357240e371b2cdc1f06dee1c87121b0b-0-eb87b6554117e629b15af8642d0e87af.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Hangzhou EZVIZ Network fairly valued compared to other companies? These 3 valuation measures might help you decide.
爲公司附加價值的基礎在很大程度上與其收益增長息息相關。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面向光明還是暗淡的未來。與其他公司相比,杭州EZVIZ網絡的估值是否合理?這3種估值指標可能會幫助您做出決定。
Is Hangzhou EZVIZ Network Making Efficient Use Of Its Profits?
杭州EZVIZ網絡是否在有效利用其利潤?
Hangzhou EZVIZ Network has a healthy combination of a moderate three-year median payout ratio of 38% (or a retention ratio of 62%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
杭州EZVIZ Network的三年派息率中位數爲38%(或62%的留存率),再加上我們在上面看到的可觀的收益增長,這意味着該公司一直在有效利用其利潤。
While Hangzhou EZVIZ Network has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 40% of its profits over the next three years. Still, forecasts suggest that Hangzhou EZVIZ Network's future ROE will rise to 14% even though the the company's payout ratio is not expected to change by much.
儘管杭州EZVIZ Network的收益有所增長,但它直到最近才開始派發股息。該公司很可能決定通過分紅給新老股東留下深刻的印象。在研究了分析師的最新共識數據後,我們發現該公司預計將在未來三年內繼續支付約40%的利潤。儘管如此,預測表明,杭州EZVIZ Network的未來投資回報率將升至14%,儘管該公司的派息率預計不會有太大變化。
Summary
摘要
Overall, we are quite pleased with Hangzhou EZVIZ Network's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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,我們對杭州EZVIZ網絡的表現非常滿意。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這爲其收益帶來了可觀的增長。話雖如此,最新的行業分析師預測顯示,該公司的收益有望加速。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。