Guangdong Huate Gas Co., Ltd (SHSE:688268) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Guangdong Huate Gas Co., Ltd (SHSE:688268) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Guangdong Huate Gas (SHSE:688268) has had a rough month with its share price down 6.4%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Guangdong Huate Gas' ROE.
廣東華特氣體(SHSE:688268)在過去一個月裏表現不太理想,股價下跌了6.4%。然而,股價通常受公司長期的財務表現的影響,而在這種情況下,它看起來非常有前途。在這篇文章中,我們決定重點關注廣東華特氣體的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 Do You Calculate Return On Equity?
怎樣計算ROE?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
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 Guangdong Huate Gas is:
所以,根據上面的公式,廣東華特氣體的ROE爲:
9.2% = CN¥177m ÷ CN¥1.9b (Based on the trailing twelve months to March 2024).
9.2% = CN¥17700萬 ÷ CN¥19億(基於截至2024年3月的過去十二個月)
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.09 in profit.
“收益”是企業在過去一年中獲得的收入。這意味着對於每個人民幣1元的股東權益價值,該公司創造了CN¥0.09元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼?
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前爲止,我們已經了解到roe是衡量公司盈利能力的一種指標。根據公司再投資或“保留”的這些利潤的多少以及效率如何,我們能夠評估公司的盈利增長潛力。總體來說,在其他條件相同的情況下,roe和盈利“保留”高的公司比不具備這些屬性的公司增長率更高。
Guangdong Huate Gas' Earnings Growth And 9.2% ROE
廣東華特氣體的盈利增長和9.2%的ROE
At first glance, Guangdong Huate Gas' ROE doesn't look very promising. However, the fact that the company's ROE is higher than the average industry ROE of 6.3%, is definitely interesting. Especially when you consider Guangdong Huate Gas' exceptional 21% net income growth over the past five years. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. So, there might well be other reasons for the earnings to grow. Such as- high earnings retention or the company belonging to a high growth industry.
乍一看,廣東華特氣體的ROE看起來並不是很有前途。但是,公司的ROE高於6.3%的行業平均ROE是非常有趣的,特別是考慮到廣東華特氣體在過去五年中出色的21%的淨利潤增長。請記住,該公司的ROE適中,只是行業ROE較低。因此,盈利增長可能有其他原因,比如高盈利保留率或公司屬於高增長行業。
We then compared Guangdong Huate Gas' 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 7.8% in the same 5-year period.
我們隨後將廣東華特氣體的淨利潤增長與行業進行了比較,很高興看到,在同樣的五年期內,公司的增長率高於行業的7.8%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240705/0-04adaf0e2dbe8b172c3855ed70409a78-0-97df9e16151eaa0d2c02d3d103dd480c.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). This then helps them determine if the stock is placed for a bright or bleak future. Is Guangdong Huate Gas fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。投資者了解市場是否已經將公司的預期盈利增長(或下降)定價非常重要。這將有助於他們確定股票的未來是美好還是黯淡。廣東華特氣體與其他公司相比,是否公平價值?這3個估值指標可能會幫助您決策。
Is Guangdong Huate Gas Using Its Retained Earnings Effectively?
廣東華特氣體是否有效利用其保留收益?
Guangdong Huate Gas has a three-year median payout ratio of 30% (where it is retaining 70% of its income) which is not too low or not too high. By the looks of it, the dividend is well covered and Guangdong Huate Gas is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
廣東華特氣體有一個三年的中位數派息比率爲30%(保留70%的收入),既不太低也不太高。看起來,股息得到很好的覆蓋,廣東華特氣體的利潤再投資效率顯著,正如我們上面所討論的。
Besides, Guangdong Huate Gas has been paying dividends over a period of four years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 30% of its profits over the next three years. However, Guangdong Huate Gas' ROE is predicted to rise to 15% despite there being no anticipated change in its payout ratio.
此外,廣東華特氣體已經連續四年派發股息。這表明公司致力於與股東分享利潤。經研究最新的分析師共識數據,我們發現公司預計在未來三年中繼續支付大約30%的利潤。但是,預計廣東華特氣體的ROE將上升至15%,儘管派息比率不會有任何變化。
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 Guangdong Huate Gas' performance has been quite good. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總的來說,我們認爲廣東華特氣體的表現相當不錯。特別是,我們看到該公司的盈利實現了顯著增長,背後有尊重的ROE和高再投資率的支撐。不過,看看目前的分析師預期,我們發現該公司的盈利預計將獲得動力。要了解有關該公司未來盈利增長預測的更多信息,請查看有關分析師對該公司的預測的這份免費報告。
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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。