Is NARI Technology Co., Ltd.'s (SHSE:600406) Stock's Recent Performance A Reflection Of Its Financial Health?
Is NARI Technology Co., Ltd.'s (SHSE:600406) Stock's Recent Performance A Reflection Of Its Financial Health?
Most readers would already know that NARI Technology's (SHSE:600406) stock increased by 4.6% over the past three months. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Particularly, we will be paying attention to NARI Technology's ROE today.
大多數讀者可能已經知道國電南瑞(SHSE: 600406)的股票在過去三個月中上漲了4.6%。由於市場通常會支付一家公司的長期財務健康狀況,我們決定研究該公司的基本面,以確定它們是否可能會影響市場。特別是,我們將會關注今天國電南瑞的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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
roe,即淨資產收益率,是一種評估公司如何有效地從股東手中獲取投資回報的有用工具。換句話說,它是一種盈利能力比率,衡量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 NARI Technology is:
所以,基於上述公式,國電南瑞的roe爲:
15% = CN¥7.7b ÷ CN¥51b (Based on the trailing twelve months to March 2024).
15%=CN¥77億÷CN¥510億(基於最近十二個月截至2024年3月)。
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.15 in profit.
“收益率”是企業過去一年所賺取的收入。一個概念化這一點的方法是,對於每個股東的資本投入爲1元人民幣,公司盈利爲0.15元人民幣。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係?
So far, we've learned that ROE is a measure of a company's profitability. 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 everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前爲止,我們已經了解了ROE是衡量公司盈利能力的一個指標。我們現在需要評估公司再投資或“保留”未來增長的利潤量,以此給我們提供公司增長潛力的想法。假設其他所有因素保持不變,ROE和利潤保留率越高,相比不具備這些特徵的公司,這些公司的增長率就越高。
NARI Technology's Earnings Growth And 15% ROE
國電南瑞的盈利增長和15%的roe
To start with, NARI Technology's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 6.9%. This certainly adds some context to NARI Technology's decent 13% net income growth seen over the past five years.
首先,國電南瑞的roe看起來可以接受。此外,該公司的roe比行業平均水平6.9%要高出很多。這無疑爲國電南瑞過去五年表現良好的13%的淨利潤增長提供了一些背景信息。
As a next step, we compared NARI Technology's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 12% in the same period.
其次,我們將國電南瑞的淨利潤增長與行業進行了比較,並發現該公司的增長率與同期行業平均增長率12%相當。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240705/0-390230a4d7adefa855280b098a40b9e7-0-e89548b739367fca7ecbe73b6aee4a67.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. 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 NARI Technology 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。投資者了解市場是否已經定價公司的預期盈利增長(或下滑)至關重要。這有助於他們確定股票的未來前景是光明還是黯淡。一種良好的預期盈利增長指標是市盈率,其根據公司的盈利前景確定市場願意爲一支股票支付的價格。因此,你可能需要查看國電南瑞的市盈率是高於行業平均水平還是低於行業平均水平。
Is NARI Technology Using Its Retained Earnings Effectively?
國電南瑞是否有效利用其留存收益?
With a three-year median payout ratio of 39% (implying that the company retains 61% of its profits), it seems that NARI Technology is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
通過三年的中位數派息比爲39%(意味着該公司保留了其利潤的61%),似乎國電南瑞正在以一種有效的方式進行再投資,以實現其盈利的可觀增長並支付得到良好覆蓋的股息。
Additionally, NARI Technology has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 56% over the next three years. Regardless, the ROE is not expected to change much for the company despite the higher expected payout ratio.
此外,國電南瑞已經連續至少十年支付分紅,這意味着該公司非常認真地與股東分享其利潤。查看當前分析師的共識數據,我們可以看到該公司未來的派息比率預計將在未來三年內上升至56%。儘管預期的派息比率較高,但roe預計不會對該公司產生太大的影響。
Conclusion
結論
Overall, we are quite pleased with NARI Technology'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. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. 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,我們對國電南瑞的表現相當滿意。特別是,看到公司正在大力投資其業務,並伴隨着高回報率,這導致了其盈利規模的可觀增長。我們還研究了最新的分析師預測,並發現該公司的盈利增長預計將與其當前的增長率相似。要了解更多關於該公司最新分析師的預測,請查看該公司的分析師預測可視化。
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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