Suzhou Nanomicro Technology Co., Ltd.'s (SHSE:688690) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Suzhou Nanomicro Technology Co., Ltd.'s (SHSE:688690) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
It is hard to get excited after looking at Suzhou Nanomicro Technology's (SHSE:688690) recent performance, when its stock has declined 21% over the past three months. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on Suzhou Nanomicro Technology's ROE.
蘇州納微科技(SHSE:688690)最近表現不佳,股價在過去三個月下跌了21%,很難讓人感到興奮。 但是如果你仔細關注,你可能會發現它的關鍵財務指標看起來相當不錯,這可能意味着股票的長期潛力可能會上升,因爲市場通常獎勵更具彈性的長期基本面。在本文中,我們決定關注蘇州納微科技的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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或roe是評估公司管理層如何有效利用公司資本的關鍵指標。簡而言之,ROE顯示每美元股東投資所產生的利潤。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
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 Suzhou Nanomicro Technology is:
因此,根據上述公式,蘇州納微科技的roe爲:
3.5% = CN¥64m ÷ CN¥1.8b (Based on the trailing twelve months to March 2024).
3.5%= CN¥6400萬 ÷ CN¥18億(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. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.04 in profit.
“回報”是指公司上一年的收益。一個概念化的方法是,對於每1元股東的資本,公司賺了0.04元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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,我們已經知道roe衡量公司生成利潤的效率。根據公司選擇再投資或“保留”的利潤的多少,我們能夠評估公司未來生成利潤的能力。一般而言,在其他條件相等的情況下,roe和盈利保留較高的公司,比沒有這些屬性的公司增長率更高。
Suzhou Nanomicro Technology's Earnings Growth And 3.5% ROE
蘇州納米微科技的收益增長和3.5%的roe
It is hard to argue that Suzhou Nanomicro Technology's ROE is much good in and of itself. Not just that, even compared to the industry average of 6.3%, the company's ROE is entirely unremarkable. Although, we can see that Suzhou Nanomicro Technology saw a modest net income growth of 11% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. 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.
很難說蘇州納米微科技的roe本身有多好。而且,即使與行業平均水平6.3%相比,公司的roe也毫不引人注目。雖然,我們可以看到蘇州納米微技術在過去五年中的淨收入增長率只有11%,但增長的原因可能是其他變量引起的。例如,公司的管理層可能做出了一些明智的戰略決策,或者公司的股息繳納率較低。
We then compared Suzhou Nanomicro Technology'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 7.8% in the same 5-year period.
然後,我們將蘇州納米微技術的淨收入增長與行業進行了比較,很高興看到,在同一5年期內,公司的增長率高於行業平均水平7.8%。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240705/0-62f7386da04bf99164b21fb8851b257b-0-f8d1747a3d88db60c626e0f694c4c364.png/big)
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. 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 Suzhou Nanomicro Technology is trading on a high P/E or a low P/E, relative to its industry.
收益增長是估值股票時需要考慮的重要指標。投資者應該嘗試確定預期的收益增長或下降,無論哪種情況,都已定價。通過這樣做,他們將了解股票是否進入清澈的藍水區域,或者是否將進入沼澤地區。預期收益增長的一個良好指標是市盈率,它根據其收益前景確定市場願意支付股票價格。因此,您可能要檢查蘇州納米微技術的市盈率高還是低,與其行業相對比。
Is Suzhou Nanomicro Technology Efficiently Re-investing Its Profits?
蘇州納微科技是否有效地再投資利潤?
Suzhou Nanomicro Technology has a low three-year median payout ratio of 17%, meaning that the company retains the remaining 83% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
蘇州納微科技的三年中位數支付比率較低(17%),這意味着公司保留了其利潤的其餘83%。 這表明管理層正在將大部分利潤再投資以促進業務增長。
While Suzhou Nanomicro Technology has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend.
雖然蘇州納微科技一直在增長其盈利能力,但它最近才開始支付股息,這可能意味着公司決定通過派發股息來吸引新老股東。
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 feel that Suzhou Nanomicro Technology certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 1 risk we have identified for Suzhou Nanomicro Technology by visiting our risks dashboard for free on our platform here.
總的來說,我們認爲蘇州納米微技術確實有一些要考慮的積極因素。即使回報率較低,公司也通過大量重新投資業務實現了令人印象深刻的收益增長。雖然我們不會完全否定該公司,但我們會嘗試確定業務風險以做出更明智的決策。您可以通過訪問我們的網站,了解我們爲蘇州納米微技術確認的1項風險。 風險儀表板在瀏覽完所有相關因素確定股票購買價格後,ROE是一個有用的公司質量指標。此外,還需要考慮其他因素,例如未來盈利增長以及未來需要投入多少投資。因此,我認爲值得查看這份免費的詳細收益、營收和現金流圖表。
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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