Shanghai Lingang Holdings Co.,Ltd.'s (SHSE:600848) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Shanghai Lingang Holdings Co.,Ltd.'s (SHSE:600848) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Most readers would already be aware that Shanghai Lingang HoldingsLtd's (SHSE:600848) stock increased significantly by 14% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Shanghai Lingang HoldingsLtd's ROE today.
大多數讀者已經意識到,上海臨港控股有限公司(上海證券交易所代碼:600848)的股票在過去一個月中大幅上漲了14%。我們想知道公司的財務狀況在價格變動中是否起着什麼作用,因爲公司的長期基本面通常決定市場業績。特別是,我們今天將關注上海臨港控股有限公司的投資回報率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
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,投資回報率顯示了每美元從其股東投資中產生的利潤。
How To Calculate Return On Equity?
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 Shanghai Lingang HoldingsLtd is:
因此,根據上述公式,上海臨港控股有限公司的投資回報率爲:
4.9% = CN¥1.6b ÷ CN¥33b (Based on the trailing twelve months to March 2024).
4.9% = 16億元人民幣 ÷ 33億元人民幣(基於截至2024年3月的過去十二個月)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.05.
“回報” 是指公司去年的收益。因此,這意味着其股東每投資1元人民幣,公司就會產生0.05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。
Shanghai Lingang HoldingsLtd's Earnings Growth And 4.9% ROE
上海臨港控股有限公司的收益增長和4.9%的投資回報率
When you first look at it, Shanghai Lingang HoldingsLtd's ROE doesn't look that attractive. However, the fact that the its ROE is quite higher to the industry average of 3.9% doesn't go unnoticed by us. However, Shanghai Lingang HoldingsLtd's five year net income decline rate was 7.6%. Bear in mind, the company does have a slightly low ROE. It is just that the industry ROE is lower. Hence, this goes some way in explaining the shrinking earnings.
當你第一次看時,上海臨港控股有限公司的投資回報率看起來並不那麼吸引人。但是,其投資回報率遠高於行業平均水平的3.9%,這一事實並沒有被我們忽視。但是,上海臨港控股有限公司的五年淨收入下降率爲7.6%。請記住,該公司的投資回報率確實略低。只是行業的投資回報率較低。因此,這在某種程度上解釋了收益的萎縮。
As a next step, we compared Shanghai Lingang HoldingsLtd's performance with the industry and discovered the industry has shrunk at a rate of 10% in the same period meaning that the company has been shrinking its earnings at a rate lower than the industry. This does appease the negative sentiment around the company to a certain extent.
下一步,我們將上海臨港控股有限公司的表現與行業進行了比較,發現該行業同期以10%的速度萎縮,這意味着該公司的收益萎縮率一直低於該行業。這確實在一定程度上緩解了公司周圍的負面情緒。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240522/0-ba7364cca667bd4a14737fae71d85002-0-379cdefcb7f8a03b73df76804c589239.png/big)
Earnings growth is an important metric to consider when valuing a stock. 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. 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 Shanghai Lingang HoldingsLtd is trading on a high P/E or a low P/E, relative to its industry.
收益增長是對股票進行估值時要考慮的重要指標。無論情況如何,投資者都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,還是沼澤的水域在等着你。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相對於其行業,上海臨港控股有限公司的市盈率是高還是低。
Is Shanghai Lingang HoldingsLtd Using Its Retained Earnings Effectively?
上海臨港控股有限公司是否在有效使用其留存收益?
With a high three-year median payout ratio of 50% (implying that 50% of the profits are retained), most of Shanghai Lingang HoldingsLtd's profits are being paid to shareholders, which explains the company's shrinking earnings. With only a little being reinvested into the business, earnings growth would obviously be low or non-existent. Our risks dashboard should have the 3 risks we have identified for Shanghai Lingang HoldingsLtd.
上海臨港控股有限公司的三年派息率中位數很高,爲50%(這意味着保留了50%的利潤),其大部分利潤都支付給了股東,這解釋了該公司收益萎縮的原因。由於只有一小部分被再投資到該業務,收益增長顯然會很低或根本不存在。我們的風險儀表板應包含我們爲上海臨港控股有限公司確定的三種風險。
In addition, Shanghai Lingang HoldingsLtd has been paying dividends over a period of six years suggesting that keeping up dividend payments is preferred by the management even though earnings have been in decline.
此外,上海臨港控股有限公司在六年內一直在派發股息,這表明儘管收益有所下降,但管理層仍傾向於繼續支付股息。
Summary
摘要
Overall, we feel that Shanghai Lingang HoldingsLtd certainly does have some positive factors to consider. However, while the company does have a decent ROE and a high profit retention, its earnings growth number is quite disappointing. This suggests that there might be some external threat to the business, that's hampering growth. Having said that, looking at current analyst estimates, we found that the company's earnings growth rate is expected to see a huge improvement. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總體而言,我們認爲上海臨港控股有限公司確實有一些積極因素需要考慮。但是,儘管該公司的投資回報率確實不錯,利潤保留率很高,但其收益增長數字令人失望。這表明業務可能面臨一些外部威脅,這阻礙了增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益增長率預計將出現巨大改善。要了解有關公司未來收益增長預測的更多信息,請查看這份關於分析師預測的免費報告,以了解更多信息。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。