Are Zhejiang Jiemei Electronic And Technology Co., Ltd.'s (SZSE:002859) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Zhejiang Jiemei Electronic And Technology Co., Ltd.'s (SZSE:002859) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
It is hard to get excited after looking at Zhejiang Jiemei Electronic And Technology's (SZSE:002859) recent performance, when its stock has declined 14% over the past three months. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Particularly, we will be paying attention to Zhejiang Jiemei Electronic And Technology's ROE today.
潔美科技(SZSE:002859)最近表現不佳,股票在過去三個月中下跌了14%,這讓人難以感到興奮。 但是,如果您密切關注,可能會發現它的主要財務指標看起來相當不錯,這可能意味着該股票可能會在長期內潛在上漲,因爲市場通常獎勵更有彈性的長期基本面。 特別是,我們將關注潔美科技的roe今天。
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 Do You Calculate Return On Equity?
怎樣計算ROE?
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 Zhejiang Jiemei Electronic And Technology is:
因此,根據上述公式,潔美科技的roe爲:
8.6% = CN¥256m ÷ CN¥3.0b (Based on the trailing twelve months to December 2023).
8.6%= CN¥25600萬÷ CN¥30億(基於過去12個月截至2023年12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¥0.09 in profit.
“回報”是企業在過去一年中獲得的收入。 另一種思考方法是,對於每1元人民幣的股權,公司能夠賺取0.09元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
ROE與盈利增長有什麼關係?
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。
Zhejiang Jiemei Electronic And Technology's Earnings Growth And 8.6% ROE
潔美科技的盈利增長和8.6%的roe
On the face of it, Zhejiang Jiemei Electronic And Technology's ROE is not much to talk about. However, the fact that the its ROE is quite higher to the industry average of 5.6% doesn't go unnoticed by us. Having said that, Zhejiang Jiemei Electronic And Technology's net income growth over the past five years is more or less flat. Remember, the company's ROE is a bit low to begin with, just that it is higher than the industry average. So that could be one of the factors that are causing earnings growth to stay flat.
表面上看,潔美科技的roe無可言說。 但是,它的roe相當高於5.6%的行業平均水平,並沒有逃脫我們的注意。 話雖如此,潔美科技在過去五年的淨收入增長率更或多或少持平。 請記住,該公司的roe起點有點低,只是高於行業平均水平。 因此,這可能是導致盈利增長停滯的因素之一。
We then compared Zhejiang Jiemei Electronic And Technology's performance with the industry and found that the company has shrunk its earnings at a slower rate than the industry earnings which has seen its earnings shrink by 0.2% in the same 5-year period. While this is not particularly good, its not particularly bad either.
然後,我們將潔美科技的業績與行業進行了比較,發現該公司的盈利下降速度比行業要慢,在同一個5年期內,行業盈利下降了0.2%。 儘管如此,這既不是特別好的,也不是特別糟糕的。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240610/0-50c04fede34c2b3923e7da09d75cf8b9-0-d8036317440794d699ed75e63c92cf89.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). Doing so will help them establish if the stock's future looks promising or ominous. Is Zhejiang Jiemei Electronic And Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的巨大因素。 投資者知道市場是否已經定價公司的預期盈利增長(或下降)很重要。 這樣做將有助於他們確定該股票的未來前景是看漲還是看跌。 潔美科技與其他公司相比,是否公正地確定了價值? 這3個價值估計可能會幫助您決定。
Is Zhejiang Jiemei Electronic And Technology Making Efficient Use Of Its Profits?
潔美科技是否有效地利用其利潤?
Zhejiang Jiemei Electronic And Technology has a low three-year median payout ratio of 25% (or a retention ratio of 75%) but the negligible earnings growth number doesn't reflect this as high growth usually follows high profit retention.
潔美科技的三年中位數股息支付比率僅爲25%(或留存比率爲75%),但微不足道的盈利增長數字並沒有反映出來,因爲高增長通常隨後是高利潤保留。
Moreover, Zhejiang Jiemei Electronic And Technology has been paying dividends for seven years, which is a considerable amount of time, suggesting that management must have perceived that the shareholders prefer dividends over earnings growth.
此外,潔美科技已經支付股息七年了,這是一個相當長的時間,表明管理層認爲股東更喜歡分紅而不是盈利增長。
Conclusion
結論
On the whole, we do feel that Zhejiang Jiemei Electronic And Technology has some positive attributes. Although, we are disappointed to see a lack of growth in earnings even in spite of a moderate ROE and and a high reinvestment rate. We believe that there might be some outside factors that could be having a negative impact on the business. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. 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,我們確實認爲潔美科技具有一些積極的特徵。 儘管如此,在ROE中等的情況下,即使再高的再投資率,收益增長也缺乏增長,這讓我們感到失望。 我們認爲,可能存在一些外部因素對企業造成了負面影響。 話雖如此,我們研究了最新的分析師預測,並發現儘管該公司過去曾經萎縮過其盈利,但分析師們預計其未來將實現盈利增長。 這些分析師的預期是根據對行業的廣泛預期還是根據公司的基本面? 單擊此處以進入我們的分析師預測頁面,查看詳情。
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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。