Are Guangzhou Haige Communications Group Incorporated Company's (SZSE:002465) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?
Are Guangzhou Haige Communications Group Incorporated Company's (SZSE:002465) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?
Guangzhou Haige Communications Group (SZSE:002465) has had a rough three months with its share price down 7.8%. We, however decided to study the company's financials to determine if they have got anything to do with the price decline. Long-term fundamentals are usually what drive market outcomes, so it's worth paying close attention. In this article, we decided to focus on Guangzhou Haige Communications Group's ROE.
廣州海格通信集團(SZSE:002465)的股價在過去的三個月裏受到了7.8%的下跌,然而我們決定研究公司的財務狀況,以判斷價格下跌的原因。通常長期基本面是推動市場表現的因素,因此值得密切關注。在本文中,我們決定重點關注廣州海格通信集團的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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或ROE是一項用於評估公司管理層如何利用公司資本的效率的關鍵指標。簡而言之,它用於評估公司相對於其股本資本的盈利能力。
How Do You Calculate Return On Equity?
怎樣計算ROE?
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 Guangzhou Haige Communications Group is:
因此,根據上述公式,廣州海格通信集團的roe爲:
5.5% = CN¥744m ÷ CN¥14b (Based on the trailing twelve months to March 2024).
5.5% = CN ¥74400萬 ÷ CN ¥140億(基於截至2024年3月的過去十二個月)。
The 'return' refers to a company's earnings over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.05 in profit.
“回報”指的是公司過去一年的收益。這意味着,對於每CN ¥1的股東權益價值,公司創造了CN ¥0.05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。
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. 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.
我們已經確定roe對於公司未來收益的有效衡量工具。根據公司再投資或“留存”這些利潤的程度及其有效性,我們隨後可以評估公司的收益增長潛力。一般而言,其他條件相同的情況下,roe和利潤留存率較高的公司比不具備這些屬性的公司具有更高的增長率。
Guangzhou Haige Communications Group's Earnings Growth And 5.5% ROE
廣州海格通信集團的盈利增長及5.5%的roe
At first glance, Guangzhou Haige Communications Group's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 6.2%, we may spare it some thought. Having said that, Guangzhou Haige Communications Group has shown a modest net income growth of 8.3% over the past five years. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看,廣州海格通信集團的roe看起來並不十分令人信服。然而,考慮到該公司的roe與行業平均roe相似(爲6.2%),我們可以對其進行一些思考。雖然如此,廣州海格通信集團在過去五年裏實現了8.3%的淨利潤增長,考慮到roe相對較低,很可能存在其他方面對公司盈利增長有積極影響,例如高盈利保留或高效管理。
As a next step, we compared Guangzhou Haige Communications Group's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 15% in the same period.
接下來,我們比較了廣州海格通信集團的淨利潤增長與行業平均水平,不幸的是,該公司的增長低於同期行業平均增長率15%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240702/0-dc9ee94cf01ce3c11c0bf1371ee81f32-0-37321401f19282b448a99e978f06a7ef.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Guangzhou Haige Communications Group is trading on a high P/E or a low P/E, relative to its industry.
公司價值的評估很大程度上與其盈利增長有關。投資者需要接下來確定的是預期的盈利增長是否已經反映在股票價格中了。通過這樣做,他們將知道股票是進入清晰的藍水區還是有泥濘的水域在等待着。預期盈利增長的一個好指標是市盈率,它決定了市場根據公司的盈利前景願意支付多少股票價格。因此,您可能需要檢查廣州海格通信集團的市盈率是高於還是低於其行業平均水平。
Is Guangzhou Haige Communications Group Using Its Retained Earnings Effectively?
廣州海格通信集團是否有效利用其保留利潤?
While Guangzhou Haige Communications Group has a three-year median payout ratio of 51% (which means it retains 49% of profits), the company has still seen a fair bit of earnings growth in the past, meaning that its high payout ratio hasn't hampered its ability to grow.
雖然廣州海格通信集團的三年中位數股息支付比率爲51%(這意味着其保留了49%的利潤),但公司過去仍然看到了相當多的盈利增長,這意味着其高股息支付比率並沒有影響其增長能力。
Moreover, Guangzhou Haige Communications Group is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外,從其至少十年付股息的歷史來看,廣州海格通信集團決定繼續與股東分享其利潤。
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。
Overall, we have mixed feelings about Guangzhou Haige Communications Group. Although the company has shown a fair bit of growth in earnings, the reinvestment rate is low. Meaning, the earnings growth number could have been significantly higher had the company been retaining more of its profits and reinvesting that at a higher rate of return. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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,我們對廣州海格通信集團持有半信半疑的態度。儘管該公司的盈利增長表現不錯,但其再投資率較低。這意味着,如果公司保留更多的利潤並以更高的回報率再投資,其盈利增長數字可能會顯著提高。但最新的行業分析師預測表明,公司的盈利預計將加速增長。要了解更多有關該公司的最新分析師預測,請查看此分析師預測的可視化。
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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。或者,發送電子郵件至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。或者發送電子郵件至editorial-team@simplywallst.com。