Can Mixed Fundamentals Have A Negative Impact on FIT Hon Teng Limited (HKG:6088) Current Share Price Momentum?
Can Mixed Fundamentals Have A Negative Impact on FIT Hon Teng Limited (HKG:6088) Current Share Price Momentum?
FIT Hon Teng's (HKG:6088) stock is up by a considerable 75% over the past three months. However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. In this article, we decided to focus on FIT Hon Teng's ROE.
在過去的三個月裏,鴻騰精密(HKG:6088)的股價已經上漲了75%。然而,我們決定關注公司的基本面,這些基本面似乎沒有對公司的財務健康狀況給出清晰的跡象。在本文中,我們決定關注鴻騰精密的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 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 FIT Hon Teng is:
因此,根據上述公式,鴻騰精密的roe爲:
5.3% = US$130m ÷ US$2.4b (Based on the trailing twelve months to December 2023).
5.3%= US $1.3億 ÷ US $2.4億(截至2023年12月的過去十二個月)。
The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every HK$1 worth of equity, the company was able to earn HK$0.05 in profit.
“回報”是指公司過去一年的收益。換句話說,對於每1港元的淨資產,該公司能夠賺取0.05港元的利潤。
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。
So far, we've learned that ROE is a measure of a company's profitability. 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. 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.
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。根據公司選擇重新投資或'保留'多少利潤,我們就能夠評估公司未來生成利潤的能力。假設其他條件相同,那些具有更高股本回報率和更高利潤留存的公司通常比沒有這些特徵的公司有更高的增長率。
FIT Hon Teng's Earnings Growth And 5.3% ROE
鴻騰精密的盈利增長和5.3%的roe
At first glance, FIT Hon Teng's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.1%. But then again, FIT Hon Teng's five year net income shrunk at a rate of 14%. Bear in mind, the company does have a slightly low ROE. So that's what might be causing earnings growth to shrink.
乍一看,鴻騰精密的roe看起來並不很理想。然而,更仔細的研究表明,該公司的roe與6.1%的行業平均水平相似。但同樣需要注意的是,鴻騰精密的五年淨收入以14%的速度下降。請記住,該公司的roe略低。這可能導致收益增長收縮。
However, when we compared FIT Hon Teng's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 1.8% in the same period. This is quite worrisome.
然而,當我們將鴻騰精密的增長與行業進行比較時,我們發現儘管公司的收益一直在減少,但行業在同期亦見增長1.8%。這非常令人擔憂。
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Earnings growth is an important metric to consider when valuing a stock. 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. What is 6088 worth today? The intrinsic value infographic in our free research report helps visualize whether 6088 is currently mispriced by the market.
盈利增長是估值股票時需要考慮的重要指標。投資者知道市場是否已經定價公司的預期盈利增長(或下降)是很重要的。這有助於他們判斷股票是否具有良好或暗淡的前景。6088今天值多少錢?我們免費提供的內在價值信息圖表可以幫助您了解6088當前是否被市場錯誤定價。
Is FIT Hon Teng Efficiently Re-investing Its Profits?
鴻騰精密是否高效地再投資其利潤?
FIT Hon Teng doesn't pay any regular dividends, meaning that the company is keeping all of its profits, which makes us wonder why it is retaining its earnings if it can't use them to grow its business. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
鴻騰精密不支付任何常規股息,這意味着公司保留了所有利潤,這使我們想知道爲什麼公司保留了利潤,如果它不能利用它們來發展業務,那麼可能有其他因素正在起作用,可能會妨礙增長。例如,該業務面臨一些困難。
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。
In total, we're a bit ambivalent about FIT Hon Teng's performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. 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,我們對鴻騰精密的表現有些矛盾。儘管該公司保留利潤的比率很高,但其低的回報率可能正在妨礙其收益增長。即便如此,最新的行業分析師預測顯示,分析師們預計公司的收益增長率將會大幅提高。要了解更多有關公司未來收益增長預測的信息,請參閱有關公司的分析師預測的免費報告。
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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?對內容感到擔憂?請直接與我們聯繫。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?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。