Hubei Zhenhua Chemical Co.,Ltd.'s (SHSE:603067) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Hubei Zhenhua Chemical Co.,Ltd.'s (SHSE:603067) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Most readers would already be aware that Hubei Zhenhua ChemicalLtd's (SHSE:603067) stock increased significantly by 27% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Hubei Zhenhua ChemicalLtd's ROE in this article.
大多數讀者已經知道湖北振華化學股份有限公司(SHSE: 603067)的股票在過去三個月內大幅增長了27%。考慮到市場長期看重強大的財務狀況,我們想知道這是否適用於此情況。具體而言,在本文中我們決定研究湖北振華化學公司的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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
roe指股東權益回報率,是一種有用的工具,用於評估公司如何有效地從股東獲得的投資中產生回報。簡單來說,這衡量了一家公司相對於股東權益的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
The formula for ROE is:
roe的公式是:
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 Hubei Zhenhua ChemicalLtd is:
因此,根據上述公式,Hubei Zhenhua ChemicalLtd的ROE爲:
12% = CN¥359m ÷ CN¥2.9b (Based on the trailing twelve months to March 2024).
12%= CN¥ 35900萬 ÷ CN¥ 29億(截至2024年3月)(基於過去十二個月)
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.12.
“回報”是指上個財政年度稅後收益。這意味着對於每個股東的1元人民幣投資,該公司可以產生0.12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?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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.
我們已經確認roe是一個有效的盈利指標,用於衡量公司未來的盈利能力。現在我們需要評估公司爲未來增長重新投資或“保留”的利潤有多少,這將給我們提供有關公司增長潛力的想法。假設其他一切相等,具有更高回報率和更高盈利保留的公司通常比沒有同樣特點的公司具有更高的增長率。
Hubei Zhenhua ChemicalLtd's Earnings Growth And 12% ROE
湖北振華化工有限責任公司的盈利增長與12%的ROE
To begin with, Hubei Zhenhua ChemicalLtd seems to have a respectable ROE. On comparing with the average industry ROE of 6.3% the company's ROE looks pretty remarkable. This probably laid the ground for Hubei Zhenhua ChemicalLtd's significant 26% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings 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,湖北振華化學公司看起來具有可觀的ROE。與行業平均ROE 6.3%相比,公司的ROE看起來非常卓越。這可能爲湖北振華化學公司過去五年實現的顯着26%的淨收入增長奠定了基礎。我們相信還可能有其他方面正面影響公司的盈利增長。例如,公司管理層可能做出了一些良好的戰略決策,或者公司股息支付率較低。
Next, on comparing with the industry net income growth, we found that Hubei Zhenhua ChemicalLtd's growth is quite high when compared to the industry average growth of 7.9% in the same period, which is great to see.
接下來,與行業淨收入增長相比,我們發現湖北振華化工的增長相當高,與同期行業平均增長7.9%相比,這是一個好的跡象。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240620/0-613998ee3077f0e4a5c11d9ac39df05d-0-37c2cd95ba0818714c8cd1652eda5477.png/big)
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Hubei Zhenhua ChemicalLtd is trading on a high P/E or a low P/E, relative to its industry.
盈利增長是股票估值的一個重要因素。投資者應該試圖確定預期收益增長或下降(如適用)是否已定價。這有助於他們判斷股票是處於光明的未來還是黯淡的未來的位置。預期收益增長的一個很好的指標是市盈率,它根據股票的收益前景確定市場願意支付的價格。因此,您可能需要檢查湖北振華化學是否交易於相對於其行業的高市盈率或低市盈率。
Is Hubei Zhenhua ChemicalLtd Making Efficient Use Of Its Profits?
湖北振華化學有限公司是否有效利用其利潤?
Hubei Zhenhua ChemicalLtd's three-year median payout ratio to shareholders is 25%, which is quite low. This implies that the company is retaining 75% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
湖北振華化工三年的股東中位數支付比率爲25%,相當低。這意味着該公司保留了其利潤的75%。這表明管理層正在重新投資大部分利潤以促進業務增長,正如公司所見。
Additionally, Hubei Zhenhua ChemicalLtd has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders.
此外,湖北振華化工已經連續七年派發股息,這意味着公司非常重視與股東分享利潤。
Conclusion
結論
On the whole, we feel that Hubei Zhenhua ChemicalLtd's performance has been quite good. 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. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們認爲湖北振華化學的表現相當不錯。特別是看到公司大量投資於業務,並伴隨着高回報率,這導致了其盈利的顯着增長。但話雖如此,公司的盈利增長預計將放緩,如當前分析師預測所示。要了解有關公司最新分析師預測的更多信息,請查看此分析師預測可視化。
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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