Does The Market Have A Low Tolerance For SF Diamond Co.,Ltd's (SZSE:300179) Mixed Fundamentals?
Does The Market Have A Low Tolerance For SF Diamond Co.,Ltd's (SZSE:300179) Mixed Fundamentals?
SF DiamondLtd (SZSE:300179) has had a rough week with its share price down 13%. It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Fundamentals usually dictate market outcomes so it makes sense to study the company's financials. Specifically, we decided to study SF DiamondLtd's ROE in this article.
順豐鑽石有限公司(深圳證券交易所代碼:300179)經歷了艱難的一週,其股價下跌了13%。市場可能忽視了該公司不同的財務狀況,決定傾向於負面情緒。基本面通常決定市場結果,因此研究公司的財務狀況是有意義的。具體而言,我們決定在本文中研究順豐鑽石有限公司的投資回報率。
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
ROE或股本回報率是評估公司如何有效地從股東那裏獲得的投資中獲得回報的有用工具。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 To Calculate Return On Equity?
如何計算股本回報率?
The formula for ROE is:
ROE 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 SF DiamondLtd is:
因此,根據上述公式,順豐鑽石有限公司的投資回報率爲:
7.8% = CN¥117m ÷ CN¥1.5b (Based on the trailing twelve months to March 2024).
7.8% = 1.17億元人民幣 ÷ 15億元人民幣(基於截至2024年3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¥0.08.
“回報” 是每年的利潤。因此,這意味着該公司每投資1元人民幣,就會產生0.08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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
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。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。
SF DiamondLtd's Earnings Growth And 7.8% ROE
SF DiamondLtd的收益增長和7.8%的投資回報率
At first glance, SF DiamondLtd's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 7.4%. On the other hand, SF DiamondLtd reported a moderate 12% net income growth over the past five years. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. Such as - high earnings retention or an efficient management in place.
乍一看,順豐鑽石有限公司的投資回報率看起來並不十分樂觀。然而,一項更仔細的研究表明,該公司的投資回報率與行業平均水平的7.4%相似。另一方面,順豐鑽石有限公司報告稱,在過去五年中,淨收入溫和增長了12%。鑑於投資回報率略低,可能還有其他一些方面推動這種增長。例如——高收益留存率或實行高效管理。
We then performed a comparison between SF DiamondLtd's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 11% in the same 5-year period.
然後,我們對SF DiamondLtd的淨收入增長與該行業進行了比較,結果顯示該公司的增長與5年同期11%的行業平均增長率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240422/0-3a6766dd923a30310e4eec2911292a58-0-0e766d21ab0ed1f226a37c7d08fdef59.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 SF DiamondLtd 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面向光明還是暗淡的未來。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,您可能需要檢查相對於其行業,順豐鑽石有限公司的市盈率是高還是低。
Is SF DiamondLtd Using Its Retained Earnings Effectively?
順豐鑽石有限公司是否在有效使用其留存收益?
SF DiamondLtd has a very high three-year median payout ratio of 122% suggesting that the company's shareholders are getting paid from more than just the company's earnings. However, this hasn't really hampered its ability to grow as we saw earlier. It would still be worth keeping an eye on that high payout ratio, if for some reason the company runs into problems and business deteriorates. You can see the 2 risks we have identified for SF DiamondLtd by visiting our risks dashboard for free on our platform here.
SF DiamondLtd的三年派息率中位數非常高,爲122%,這表明該公司的股東獲得的報酬不僅僅是公司的收益。但是,正如我們之前看到的那樣,這並沒有真正阻礙其增長能力。如果由於某種原因該公司遇到問題並且業務惡化,那麼仍然值得關注如此高的派息率。您可以通過訪問我們的 SF DiamondLtd 查看我們爲順豐鑽石有限公司確定的兩種風險 風險儀表板 在我們的平台上免費使用。
Additionally, SF DiamondLtd has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外,SF DiamondLtd已在至少十年內派發了股息,這意味着該公司非常認真地與股東分享利潤。
Summary
摘要
In total, we're a bit ambivalent about SF DiamondLtd's performance. While the company has posted impressive earnings growth, its poor ROE and low earnings retention makes us doubtful if that growth could continue, if by any chance the business is faced with any sort of risk. Up till now, we've only made a short study of the company's growth data. To gain further insights into SF DiamondLtd's past profit growth, check out this visualization of past earnings, revenue and cash flows.
總的來說,我們對順豐鑽石有限公司的表現有些矛盾。儘管該公司公佈了令人印象深刻的收益增長,但其糟糕的投資回報率和低的收益保留率使我們懷疑這種增長能否繼續,如果有任何可能的話,該業務面臨任何風險。到目前爲止,我們只對公司的增長數據進行了簡短的研究。要進一步了解SF DiamondLtd過去的利潤增長,請查看這份過去收益、收入和現金流的可視化圖表。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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。