Is Ningbo Jianan Electronics Co.,Ltd's (SZSE:300880) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Is Ningbo Jianan Electronics Co.,Ltd's (SZSE:300880) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Ningbo Jianan ElectronicsLtd (SZSE:300880) has had a great run on the share market with its stock up by a significant 21% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Specifically, we decided to study Ningbo Jianan ElectronicsLtd's ROE in this article.
寧波佳能電子股份有限公司(SZSE:300880)股票市場表現不俗,其股票在過去三個月內上漲了顯著的21%。由於市場通常支付企業的長期基本面,所以我們決定研究該公司的關鍵績效指標,看看它們是否會對市場產生影響。具體而言,我們決定在本文中研究寧波佳能電子的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?
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 Ningbo Jianan ElectronicsLtd is:
因此,根據上述公式,寧波佳能電子的roe爲:
17% = CN¥166m ÷ CN¥964m (Based on the trailing twelve months to March 2024).
17% = CN¥16600萬 ÷ CN¥96400萬(基於截至2024年3月的過去12個月)。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.17 in profit.
“回報”是過去十二個月的利潤。這意味着,每一元股東權益價值,公司可以獲得CN¥0.17的利潤。
What Has ROE Got To Do With Earnings Growth?
ROE與盈利增長有什麼關係?
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. 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.
到目前爲止,我們已經了解了ROE是衡量公司盈利能力的一種指標。根據公司選擇重新投資或“保留”的利潤數量,我們能夠評估公司未來產生利潤的能力。一般而言,其他條件相等的情況下,具有高股東回報率和利潤保留能力的公司比不具備這些屬性的公司具有更高的增長率。
Ningbo Jianan ElectronicsLtd's Earnings Growth And 17% ROE
寧波佳能電子的收益增長和17%的roe
To begin with, Ningbo Jianan ElectronicsLtd seems to have a respectable ROE. Especially when compared to the industry average of 6.3% the company's ROE looks pretty impressive. This probably laid the ground for Ningbo Jianan ElectronicsLtd's significant 21% net income growth seen over the past five years. However, there could also be other causes behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
首先,寧波佳能電子的roe似乎很可觀。特別是與行業平均水平6.3%相比,該公司的roe看起來相當令人印象深刻。這可能爲寧波佳能電子過去五年中顯着的21%淨收入增長奠定了基礎。然而,這種增長背後也可能有其他原因。例如,公司管理層可能做出了一些良好的戰略決策,或者該公司的派息比率較低。
We then compared Ningbo Jianan ElectronicsLtd'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 6.4% in the same 5-year period.
然後我們將寧波佳能電子的淨收入增長與行業進行了比較,很高興看到該公司的增長速度比同一五年期內增長率爲6.4%的行業高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240618/0-ceda89f7057d7e36542a4a28e9c4e582-0-e8236746d67cfc06143296fe59c116ca.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Ningbo Jianan ElectronicsLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
爲公司附加價值的基礎很大程度上與其收益增長緊密相關。投資者應該嘗試確定預期的收益增長或下降(無論情況如何)是否已定價。這樣做將有助於他們確定股票的未來是看好還是不祥。如果您想知道寧波佳能電子的估值,請查看相對於其行業的市盈率這個指標。
Is Ningbo Jianan ElectronicsLtd Efficiently Re-investing Its Profits?
寧波佳能電子是否有效地再投資其利潤?寧波佳能電子有三年的中位數派息比率爲43%(保留了57%的收入),既不太低也不太高。因此,寧波佳能電子似乎正在以效率高的方式再投資,以實現其盈利的印象性增長(上文已討論),並支付一項良好覆蓋的股息。
Ningbo Jianan ElectronicsLtd has a three-year median payout ratio of 43% (where it is retaining 57% of its income) which is not too low or not too high. So it seems that Ningbo Jianan ElectronicsLtd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
此外,寧波佳能電子在三年內支付了股息,這意味着該公司非常重視與股東分享其利潤。
Additionally, Ningbo Jianan ElectronicsLtd has paid dividends over a period of three years which means that the company is pretty serious about sharing its profits with shareholders.
總的來說,我們對寧波佳能電子的表現非常滿意。特別是,很高興看到該公司正在大力投資其業務,並且伴隨着高回報率,這導致其收益大幅增長。如果公司繼續像現在這樣增長其收益,那麼這可能對其股價產生積極影響,因爲每股收益如何影響長期股價。不要忘記,業務風險也是影響股票價格的因素之一。因此,在做出任何業務決策之前,投資者需要注意這一重要領域。我們的風險儀表板將列出我們爲寧波佳能電子確定的2個風險。
Conclusion
結論
Overall, we are quite pleased with Ningbo Jianan ElectronicsLtd'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. 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. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. Our risks dashboard would have the 2 risks we have identified for Ningbo Jianan ElectronicsLtd.
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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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,也可以發送電子郵件至editorial-team@simplywallst.com