Eastcompeace Technology Co.Ltd (SZSE:002017) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Eastcompeace Technology Co.Ltd (SZSE:002017) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 13% over the past month, it is easy to disregard Eastcompeace TechnologyLtd (SZSE:002017). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Eastcompeace TechnologyLtd's ROE today.
股價在過去一個月下滑13%,很容易就會忽視Eastcompeace TechnologyLtd(SZSE:002017)。但如果您仔細觀察,您可能會發現其強勁的財務狀況意味着,鑑於市場通常會獎勵擁有良好財務健康狀況的公司,該公司的股票潛在地可能會看到長期增值。尤其是,今天我們將特別關注Eastcompeace TechnologyLtd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. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或roe是一項關鍵指標,用於評估公司管理層使用公司資本的效率。換句話說,它揭示了公司將股東的投資轉化爲利潤的成功。
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 Eastcompeace TechnologyLtd is:
所以,根據上述公式,Eastcompeace TechnologyLtd的ROE爲:
11% = CN¥184m ÷ CN¥1.7b (Based on the trailing twelve months to March 2024).
11%=CN¥18400萬÷CN¥17億(根據從2023年4月至2024年3月期間的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回報”是指公司過去十二個月稅後所賺的金額。這意味着,每1元股東權益產生了0.11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. 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衡量公司利潤產生效率的程度。現在我們需要評估公司爲未來增長而重新投資或“保留”的利潤數量,然後了解公司的增長潛力。假設其他一切不變,roe和利潤保留率越高,公司的增長率就越高,而與不一定具備這些特徵的公司相比,這種增長率的相對性就越高。
Eastcompeace TechnologyLtd's Earnings Growth And 11% ROE
Eastcompeace TechnologyLtd的收益增長和11%的roe
At first glance, Eastcompeace TechnologyLtd's ROE doesn't look very promising. However, the fact that the company's ROE is higher than the average industry ROE of 6.7%, is definitely interesting. Even more so after seeing Eastcompeace TechnologyLtd's exceptional 38% 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. Therefore, the growth in earnings could also be the result of other factors. E.g the company has a low payout ratio or could belong to a high growth industry.
乍一看,Eastcompeace TechnologyLtd的roe看起來並不令人興奮。 但是,該公司的roe高於6.7%的行業平均roe,絕對是有趣的。特別是在看到Eastcompeace TechnologyLtd過去五年淨利潤增長了38%後更是如此。請記住,該公司的roe儘管適中,但行業的roe更低。因此,盈利增長也可能是其他因素的結果。例如,該公司具有低的派息比或可能屬於高增長行業。
As a next step, we compared Eastcompeace TechnologyLtd's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 14%.
作爲下一步,我們將Eastcompeace TechnologyLtd的淨利潤增長與行業進行了比較,並令人高興的是,我們發現該公司的增長高於14%的行業平均增長。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-8f3b51e71ee46f6f2abe80b232c65434-0-75ff0186ebbc9f048ccf0997ab3f2690.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. 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 Eastcompeace TechnologyLtd is trading on a high P/E or a low P/E, relative to its industry.
確定公司價值的基礎在很大程度上與其收益增長相結合。接下來,投資者需要確定的是預期的收益增長是否已經體現在股票價格中,這有助於他們確定股票未來是繁榮還是黯淡。預期收益增長的一個很好的指標是市盈率,它根據股票的收益前景決定市場願意支付的價格。因此,您可能想檢查一下Eastcompeace TechnologyLtd相對於行業的市盈率是高還是低。
Is Eastcompeace TechnologyLtd Making Efficient Use Of Its Profits?
Eastcompeace TechnologyLtd是否有效利用其利潤?
Eastcompeace TechnologyLtd has a three-year median payout ratio of 38% (where it is retaining 62% of its income) which is not too low or not too high. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Eastcompeace TechnologyLtd is reinvesting its earnings efficiently.
Eastcompeace TechnologyLtd具有三年的中位數派息比率爲38%(其中保留了62%的收入),既不太低也不太高。這表明其股息得到了很好的覆蓋,並且考慮到我們上面討論的高增長,Eastcompeace TechnologyLtd看起來正在有效地再投資其利潤。
Additionally, Eastcompeace TechnologyLtd 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.
此外,Eastcompeace TechnologyLtd在至少過去十年內支付了股息,這意味着該公司非常認真地與股東分享其利潤。
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 are quite pleased with Eastcompeace TechnologyLtd's performance. Specifically, we like that it has been reinvesting a high portion of its profits at a moderate rate of return, resulting in earnings expansion. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. To know the 1 risk we have identified for Eastcompeace TechnologyLtd visit our risks dashboard for free.
總的來說,我們對Eastcompeace TechnologyLtd的表現感到非常滿意。具體來說,我們喜歡它以適度的回報率再投資其高比例的利潤,從而實現了收益的擴張。如果該公司繼續按照其現有的方式增加其收益,那可能會對其股票價格產生積極影響,因爲每股收益會影響長期股票價格。請記住,股票價格也是取決於風險的。因此,投資者在投資任何公司之前都必須讓自己了解風險。要了解我們爲Eastcompeace TechnologyLtd確定的1種風險,請免費訪問我們的“風險儀表板”。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。