Chengdu Galaxy Magnets Co.,Ltd.'s (SZSE:300127) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Chengdu Galaxy Magnets Co.,Ltd.'s (SZSE:300127) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Chengdu Galaxy MagnetsLtd (SZSE:300127) has had a great run on the share market with its stock up by a significant 28% over the last three months. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. Particularly, we will be paying attention to Chengdu Galaxy MagnetsLtd's ROE today.
成都銀河磁業有限公司(深圳證券交易所代碼:300127)在股票市場上表現良好,其股票在過去三個月中大幅上漲了28%。但是該公司的關鍵財務指標似乎各不相同,這使我們質疑該公司目前的股價勢頭是否可以維持。特別是,我們今天將關注成都銀河磁業有限公司的投資回報率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
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,它揭示了公司成功地將股東投資轉化爲利潤。
How Do You Calculate Return On Equity?
你如何計算股本回報率?
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算:
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 Chengdu Galaxy MagnetsLtd is:
因此,根據上述公式,成都銀河磁業有限公司的投資回報率爲:
10% = CN¥151m ÷ CN¥1.5b (Based on the trailing twelve months to March 2024).
10% = 1.51億元人民幣 ÷ 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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.10 in profit.
“回報” 是每年的利潤。另一種思考方式是,公司每持有價值1元人民幣的股權,就能獲得0.10元的利潤。
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. 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 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。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。
Chengdu Galaxy MagnetsLtd's Earnings Growth And 10% ROE
成都銀河磁業有限公司的收益增長和10%的投資回報率
On the face of it, Chengdu Galaxy MagnetsLtd's ROE is not much to talk about. However, the fact that the company's ROE is higher than the average industry ROE of 6.3%, is definitely interesting. However, Chengdu Galaxy MagnetsLtd's five year net income growth was quite low averaging at only 3.6%. Bear in mind, the company does have a low ROE. It is just that the industry ROE is lower. Hence, this goes some way in explaining the low earnings growth.
從表面上看,成都銀河磁業有限公司的投資回報率沒什麼好談的。但是,該公司的投資回報率高於6.3%的行業平均投資回報率,這一事實絕對很有趣。但是,成都銀河磁業有限公司五年的淨收入增長相當低,平均僅爲3.6%。請記住,該公司的投資回報率確實很低。只是行業的投資回報率較低。因此,這在某種程度上解釋了低收益增長。
Next, on comparing with the industry net income growth, we found that Chengdu Galaxy MagnetsLtd's reported growth was lower than the industry growth of 6.0% over the last few years, which is not something we like to see.
接下來,與行業淨收入增長相比,我們發現成都銀河磁業有限公司報告的增長低於過去幾年6.0%的行業增長,這不是我們希望看到的。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240508/0-31f7346f07cf0c37a577f425391e3994-0-4350f45a77bb88342effef4cc54ca62e.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Chengdu Galaxy MagnetsLtd 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。無論如何,投資者應設法確定預期的收益增長或下降是否已計入其中。通過這樣做,他們將知道股票是走向清澈的藍色海水還是沼澤水域在等着呢。與其他公司相比,成都銀河磁業有限公司的估值是否合理?這3種估值指標可能會幫助您做出決定。
Is Chengdu Galaxy MagnetsLtd Efficiently Re-investing Its Profits?
成都銀河磁業有限公司是否有效地將其利潤再投資?
Chengdu Galaxy MagnetsLtd has a three-year median payout ratio of 75% (implying that it keeps only 25% of its profits), meaning that it pays out most of its profits to shareholders as dividends, and as a result, the company has seen low earnings growth.
成都銀河磁業有限公司的三年派息率中位數爲75%(這意味着它僅保留了25%的利潤),這意味着它將大部分利潤作爲股息支付給股東,因此,該公司的收益增長緩慢。
In addition, Chengdu Galaxy MagnetsLtd has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth.
此外,成都銀河磁業有限公司已經派發了至少十年的股息,這表明即使以業務增長爲代價,繼續支付股息對管理層來說也更爲重要。
Conclusion
結論
Overall, we have mixed feelings about Chengdu Galaxy MagnetsLtd. On the one hand, the company does have a decent rate of return, however, its earnings growth number is quite disappointing and as discussed earlier, the low retained earnings is hampering the growth. 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,我們對成都銀河磁業有限公司有喜憂參半的感覺。一方面,該公司的回報率確實不錯,但是,其收益增長數字令人失望,如前所述,低留存收益阻礙了增長。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。