Is Weakness In TianJin 712 Communication & Broadcasting Co., Ltd. (SHSE:603712) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In TianJin 712 Communication & Broadcasting Co., Ltd. (SHSE:603712) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
With its stock down 22% over the past three months, it is easy to disregard TianJin 712 Communication & Broadcasting (SHSE:603712). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study TianJin 712 Communication & Broadcasting's ROE in this article.
在過去的三個月中,天津712通信與廣播(SHSE:603712)的股價下跌了22%,很容易忽視該公司。但是如果您仔細關注,您可能會發現它強勁的財務狀況意味着股票可能會在長期內看到增值,因爲市場通常會獎勵具有良好財務狀況的公司。具體來說,我們決定在這篇文章中研究天津712通信與廣播的roe。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
淨資產收益率(roe)是衡量公司經營管理層如何有效利用公司資本的關鍵指標。換言之,它是一種利潤率,衡量由公司股東提供的資本的回報率。
How Is ROE Calculated?
淨資產收益率怎麼計算?
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算:
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 TianJin 712 Communication & Broadcasting is:
因此,根據上述公式,天津712通信與廣播的roe爲:
9.5% = CN¥457m ÷ CN¥4.8b (Based on the trailing twelve months to March 2024).
9.5%= CN¥45700萬 ÷ CN¥48億(基於過去十二個月截至2024年3月)。
The 'return' is the income the business earned over the last year. 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’是企業在過去一年中賺取的收入。另一種思考方式是,對於每1元的權益,該公司能夠賺取0.10元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼?
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roe衡量公司利潤產生的效率。根據公司選擇再投資或“保留”的利潤比例,我們能夠評估公司未來產生利潤的能力。其他條件相同的情況下,roe和利潤保留率均較高的公司通常比沒有這些特徵的公司成長速度更快。
TianJin 712 Communication & Broadcasting's Earnings Growth And 9.5% ROE
天津712通信與廣播的盈利增長和9.5%的roe
When you first look at it, TianJin 712 Communication & Broadcasting's ROE doesn't look that attractive. However, the fact that the company's ROE is higher than the average industry ROE of 6.2%, is definitely interesting. This probably goes some way in explaining TianJin 712 Communication & Broadcasting's moderate 17% growth over the past five years amongst other factors. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Hence there might be some other aspects that are causing earnings to grow. For example, it is possible that the broader industry is going through a high growth phase, or that the company has a low payout ratio.
當您第一次看到它時,天津712通信與廣播的roe看起來並不那麼吸引人。但是,事實上,該公司的roe高於6.2%的行業平均roe,這肯定很有趣。這可能在某種程度上解釋了天津712通信與廣播在過去五年中溫和的17%增長等因素之間的關係。請記住,該公司的roe相當低。只是因爲行業的roe較低。因此,可能會有其他因素導致收益增長。例如,可能是整個行業正在經歷高增長階段,或者公司的支付比率較低。
Next, on comparing TianJin 712 Communication & Broadcasting's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 15% over the last few years.
接下來,將天津712通信與廣播的淨收入增長與行業進行比較,我們發現公司報告的增長與過去幾年15%的行業平均增長率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240606/0-552f686bca4e6e4dfd8f5c880b5fb721-0-f34f5361829240999990eead2700610f.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. What is 603712 worth today? The intrinsic value infographic in our free research report helps visualize whether 603712 is currently mispriced by the market.
盈利增長是估值股票時需要考慮的重要指標。投資者應該嘗試確定預期的收益增長或下降是否已經被定價。通過這樣做,他們將了解股票是走向清澈的藍色水域還是等待着泥濘的水域。603712今天價值多少?我們免費研究報告中的固有價值信息圖表可視化展現603712當前是否被市場定價錯誤。
Is TianJin 712 Communication & Broadcasting Efficiently Re-investing Its Profits?
天津712通信與廣播是否高效地再投資其利潤?
In TianJin 712 Communication & Broadcasting's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 11% (or a retention ratio of 89%), which suggests that the company is investing most of its profits to grow its business.
在天津712通信與廣播的情況下,由於其三年的中位數支付比率爲11%(或保留比率爲89%),其可觀的盈利增長可能可以解釋爲該公司將其大部分利潤投資於業務增長。
Moreover, TianJin 712 Communication & Broadcasting is determined to keep sharing its profits with shareholders which we infer from its long history of six years of paying a dividend.
此外,天津712通信與廣播決心繼續與股東分享其利潤,我們可以從其連續六年派發股息的歷史記錄中推斷出這一點。
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。
Overall, we are quite pleased with TianJin 712 Communication & Broadcasting's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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,我們對天津712通信與廣播的表現感到相當滿意。特別是,我們喜歡該公司以適度的回報率大力再投資業務。不足爲奇的是,這導致了令人印象深刻的收益增長。但是,考慮到當前的分析師估計,我們發現該公司的收益預計將獲得動力。要了解有關公司未來收益增長預測的更多信息,請查看此免費分析師預測報告。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
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。