Will Weakness in Piotech Inc.'s (SHSE:688072) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Piotech Inc.'s (SHSE:688072) Stock Prove Temporary Given Strong Fundamentals?
It is hard to get excited after looking at Piotech's (SHSE:688072) recent performance, when its stock has declined 12% over the past three months. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Piotech's ROE.
看完翻優科技(SHSE:688072)近三個月的表現,人們很難激動起來,因爲它的股價下跌了12%。但是,股票價格通常是由公司長期的財務表現推動的,在這種情況下,情況看起來非常有前景。在這篇文章中,我們決定關注翻優科技的roe。
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.
股東權益回報率(ROE)是檢驗公司增加其價值和管理投資者資金有效性的測試。簡而言之,ROE顯示每個美元的利潤與其股東的投資有關。
How Is ROE Calculated?
淨資產收益率怎麼計算?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤(從持續經營中獲得)÷ 股東權益
So, based on the above formula, the ROE for Piotech is:
因此,根據上述公式,翻優科技的roe爲:
13% = CN¥619m ÷ CN¥4.6b (Based on the trailing twelve months to March 2024).
13% = CN¥619m ÷ CN¥4.6b(基於最近12個月截至2024年3月)。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.13.
“回報率”是企業過去一年所獲得的收入。這意味着,對於每一元股東的投資,公司能夠創造CN¥0.13的利潤。
What Has ROE Got To Do With Earnings Growth?
ROE與盈利增長有什麼關係?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
我們已經確定roe是公司未來盈利的高效衡量標準。根據公司選擇重新投資或“保留”利潤的數量,我們可以評估公司未來盈利能力。一般來說,在其他條件相等的情況下,roe和利潤保留率高的公司比不具備這些屬性的公司增長率更高。
Piotech's Earnings Growth And 13% ROE
翻優科技的盈利增長和13%的roe
To start with, Piotech's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 5.7%. Probably as a result of this, Piotech was able to see an impressive net income growth of 59% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.
首先,翻優科技的roe看起來是可以接受的。此外,公司的roe與行業平均水平相比較有利。在過去五年中,翻優科技的淨利潤增長率高達59%,我們認爲可能還有其他一些積極影響公司盈利增長的因素。例如,公司的股息支付率低或經營高效。
We then compared Piotech'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 20% in the same 5-year period.
我們還將翻優科技的淨利潤增長率與行業進行了比較,很高興地看到,翻優科技的增長率在同一5年期內高於行業的20%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240602/0-83d2b6e99f20eec28cd6d5321332e014-0-e8b19970930f78ae4f657c0f9b476aa9.png/big)
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Piotech fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。對於投資者來說,了解市場是否已經定價了公司預期的盈利增長(或下降)非常重要。通過這樣做,他們將會知道股票是走向清澈的藍水還是等待着泥濘的水域。與其他公司相比,翻優科技的估值是否合理?這3個估值指標可能會幫助您作出決定。
Is Piotech Using Its Retained Earnings Effectively?
翻優科技是否有效利用了其留存收益?
Piotech's three-year median payout ratio to shareholders is 8.3%, which is quite low. This implies that the company is retaining 92% of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
翻優科技三年中位數的股息支付比率爲8.3%,相當低。這意味着公司將92%的利潤留作投資。因此,看起來管理層正在通過投入大量利潤來增長業務,並反映在其盈利增長數字中。
While Piotech 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.
雖然翻優科技的收益增長,但它剛剛開始支付股息。很可能是公司決定通過股息來吸引新和現有的股東。
Summary
總的來說,我們對偉明環保的表現非常滿意。具體而言,我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然,這導致公司的收益大幅增長。但是,最新的行業分析師預測表明,該公司的收益預計將加速增長。
In total, we are pretty happy with Piotech'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. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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.
總的來說,我們對翻優科技的表現感到非常滿意。特別是,公司正在大量投入業務,並且具有高回報率,這導致了其業績的大幅增長。不過,根據目前分析師的預測,公司的盈利增長預計會放緩。欲知更多關於公司未來盈利增長預測的信息,請查看此免費的分析師預測報告。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。