Are Shenzhen Neoway Technology Co.,Ltd.'s (SHSE:688159) Mixed Financials Driving The Negative Sentiment?
Are Shenzhen Neoway Technology Co.,Ltd.'s (SHSE:688159) Mixed Financials Driving The Negative Sentiment?
It is hard to get excited after looking at Shenzhen Neoway TechnologyLtd's (SHSE:688159) recent performance, when its stock has declined 24% over the past month. We, however decided to study the company's financials to determine if they have got anything to do with the price decline. Fundamentals usually dictate market outcomes so it makes sense to study the company's financials. Specifically, we decided to study Shenzhen Neoway TechnologyLtd's ROE in this article.
深圳市新岸線科技股份有限公司(SHSE:688159)最近的表現實在讓人難以激動,股價在過去一個月內下降了24%。但我們決定研究公司的財務狀況,以判斷其是否與股價下跌有關。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。具體來說,我們在本文中決定研究深圳市新岸線科技股份有限公司的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東權益回報率ROE是測試公司增值能力和管理股東投資的有效性的指標。更簡單地說,它衡量公司在股東權益中的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
The formula for return on equity is:
權益回報率的計算公式是:
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 Shenzhen Neoway TechnologyLtd is:
因此,根據上述公式,深圳市新岸線科技股份有限公司的ROE爲:
4.4% = CN¥36m ÷ CN¥808m (Based on the trailing twelve months to March 2024).
4.4% = CN¥3600萬 ÷ CN¥80800萬(截至2024年3月的過去十二個月基礎上)。
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¥0.04 in profit.
「回報」是公司在過去一年中賺取的收入。換句話說,對於每1元股權,公司能夠賺取0.04元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定ROE服務於衡量一個公司未來收益的效率指標。根據公司再投資或「保留」的這些利潤的多少以及效果,我們便能夠評估一個公司的收益增長潛力。假設其他條件均相等,則ROE和利潤保留率均較高的公司通常比那些沒有同樣特徵的公司具有更高的增長速度。
A Side By Side comparison of Shenzhen Neoway TechnologyLtd's Earnings Growth And 4.4% ROE
深圳市新岸線科技股份有限公司的收益增長和4.4%的ROE並非令人滿意。即使與行業平均水平6.2%相比,ROE的數字也相當令人失望。鑑於情況,深圳市新岸線科技股份有限公司在過去五年中淨利潤大幅下降了24%,這並不令人驚訝。我們認爲,這裏可能還有其他因素在起作用。例如,企業對資本的配置不佳,或者公司的派息比率非常高。
It is hard to argue that Shenzhen Neoway TechnologyLtd's ROE is much good in and of itself. Even when compared to the industry average of 6.2%, the ROE figure is pretty disappointing. Given the circumstances, the significant decline in net income by 24% seen by Shenzhen Neoway TechnologyLtd over the last five years is not surprising. We reckon that there could also be other factors at play here. For example, the business has allocated capital poorly, or that the company has a very high payout ratio.
話雖如此,我們將深圳市新岸線科技股份有限公司的表現與行業進行了比較,發現雖然公司縮減了盈利額,但是行業在相同的五年期間盈利增長了15%,這令我們擔憂。
That being said, we compared Shenzhen Neoway TechnologyLtd's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 15% in the same 5-year period.
盈利增長是股票估值的一個重要因素。投資者需要確定的下一步是預期的盈利增長,或者缺乏預期的盈利增長是否已經融入了股價。這樣做將有助於他們判斷股票的未來前景是光明還是黯淡。如果你想了解深圳市新岸線科技股份有限公司的估值情況,請查看其市盈率與行業的比較。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240608/0-09557775f0255795caaee3fa0a6618c1-0-29dfa1b16a229851bd4b8ea49b36b291.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. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Shenzhen Neoway TechnologyLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
股息增長是股票估值中至關重要的一部分。投資者需要決定的下一步是預計的盈利增長,或其缺失是否已經反映在股價中。這樣做將有助於他們判斷股票的未來前景是光明還是黯淡。如果您想了解深圳市新岸線科技股份有限公司的估值情況,請查看其市盈率與行業的比較。
Is Shenzhen Neoway TechnologyLtd Using Its Retained Earnings Effectively?
深圳市新岸線科技股份有限公司是否有效利用了其留存收益?
Because Shenzhen Neoway TechnologyLtd doesn't pay any regular dividends, we infer that it is retaining all of its profits, which is rather perplexing when you consider the fact that there is no earnings growth to show for it. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
由於深圳市新岸線科技股份有限公司不支付任何定期股息,我們推斷它正在留住所有利潤,這相當令人困惑,因爲沒有盈利增長的事實證明這一點。因此,在這裏可能有其他因素影響了增長。例如,業務遭遇了一些阻力。
Conclusion
結論
On the whole, we feel that the performance shown by Shenzhen Neoway TechnologyLtd can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. To know the 2 risks we have identified for Shenzhen Neoway TechnologyLtd visit our risks dashboard for free.
總的來說,我們認爲深圳市新岸線科技股份有限公司的表現可以有很多解讀。儘管公司具有高比率的再投資,但較低的roe意味着所有再投資都沒有給投資者帶來任何好處,而且它對盈利增長產生了負面影響。綜上所述,我們將會對該公司保持謹慎,並一種方式是查看其業務的風險狀況。要了解我們爲深圳市新岸線科技股份有限公司確定的2項風險,請免費訪問我們的風險儀表盤。
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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。