Funeng Oriental Equipment Technology Co., Ltd.'s (SZSE:300173) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Funeng Oriental Equipment Technology Co., Ltd.'s (SZSE:300173) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
With its stock down 17% over the past three months, it is easy to disregard Funeng Oriental Equipment Technology (SZSE:300173). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Funeng Oriental Equipment Technology's ROE today.
Funeng Oriental Equipment Technology (SZSE:300173)在過去三個月內股價下跌了17%,很容易忽視它。然而,股票價格通常受公司長期財務表現的驅動,在這種情況下,看起來相當有前途。特別是今天我們將關注福能東方裝備科技的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股東權益報酬率是一種有用的工具,用於評估一家公司能否有效地利用來自股東的投資產生回報。換句話說,它揭示了公司將股東的投資變成利潤的成功程度。
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 Funeng Oriental Equipment Technology is:
因此,根據上述公式,福能東方裝備科技的roe爲:
11% = CN¥112m ÷ CN¥1.1b (Based on the trailing twelve months to March 2024).
11%=CN¥1.12億÷CN¥11億(基於最近12個月至2024年3月)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回報”是指公司過去十二個月稅後所賺的金額。這意味着,每1元股東權益產生了0.11元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
既然我們已經確定ROE是一種有效的利潤生成標準,用於評估公司未來的盈利能力,我們現在需要評估公司“保留”爲未來增長而重新投資的利潤多少,這使我們對公司的增長潛力有了一個了解。一般而言,在其他條件相等的情況下,ROE和利潤留存高的公司,增長率比沒有這些屬性的公司要高。
So far, we've learned that ROE is a measure of a company's profitability. 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 everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前爲止,我們已經了解到ROE是一家公司盈利能力的衡量標準。基於公司選擇重新投資或“保留”的利潤的數量,我們隨後能夠評估公司未來產生利潤的能力。假設其他所有條件不變,ROE和利潤保留越高,增長率就相對較高,與那些可能不具備這些特徵的公司相比,增長更快。
Funeng Oriental Equipment Technology's Earnings Growth And 11% ROE
福能東方裝備科技的盈利增長和11%的roe
At first glance, Funeng Oriental Equipment Technology's ROE doesn't look very promising. However, the fact that the company's ROE is higher than the average industry ROE of 6.8%, is definitely interesting. Particularly, the substantial 31% net income growth seen by Funeng Oriental Equipment Technology over the past five years is impressive . That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. So, there might well be other reasons for the earnings to grow. E.g the company has a low payout ratio or could belong to a high growth industry.
乍一看,福能東方裝備科技的roe看起來並不那麼有前途。然而,公司roe高於6.8%的行業平均roe,這絕對是有趣的。特別是福能東方裝備科技在過去五年中實現了31%的淨利潤增長,這是令人印象深刻的。也就是說,公司的roe稍低於行業平均水平,但仍高於行業平均水平。因此,盈利增長可能會有其他原因。例如,公司具有較低的派息比率,或者可能屬於高增長的行業。
As a next step, we compared Funeng Oriental Equipment Technology's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 9.4%.
作爲下一步,我們將福能東方裝備科技的淨收入增長與整個行業進行了比較,令人欣慰的是,我們發現公司的增長高於平均行業增長率9.4%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240610/0-d86d718e121cd50e5964fd50f70b296e-0-40863f99b9f0d7a055279e9e490e368b.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Funeng Oriental Equipment Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
確定公司價值的基礎在很大程度上與其盈利增長相關。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)是很重要的。然後,這可以幫助他們確定股票是處於光明還是灰暗的未來。如果您想知道福能東方裝備科技的估值,請查看它的市盈率儀表盤,與該行業進行比較。
Is Funeng Oriental Equipment Technology Making Efficient Use Of Its Profits?
福能東方裝備科技是否有效利用其利潤?
Funeng Oriental Equipment Technology doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
福能東方裝備科技目前沒有支付任何常規股息,這基本上意味着它已將其所有利潤再投資於企業。這絕對有助於上述高盈利增長數字的實現。
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。
On the whole, we feel that Funeng Oriental Equipment Technology's performance has been quite good. 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. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard will have the 1 risk we have identified for Funeng Oriental Equipment Technology.
總的來說,我們認爲福能東方裝備科技的表現相當不錯。特別是,我們喜歡公司以適度的回報率大力投資於其業務的做法。失望的是,由於每股收益對長期股價有影響,因此,如果公司繼續保持盈利增長的方式,這可能對其股價產生積極影響。更不要忘記,股價走勢也取決於公司可能面臨的潛在風險。因此,投資者要了解業務中涉及的風險。我們的風險儀表板將列出我們爲福能東方設備科技所確定的1項風險。
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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。