Giant Network Group Co., Ltd. (SZSE:002558) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Giant Network Group Co., Ltd. (SZSE:002558) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Giant Network Group (SZSE:002558) has had a rough three months with its share price down 13%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to Giant Network Group's ROE today.
巨人網絡集團(SZSE:002558)的股價過去三個月下跌了13%。然而,該公司的基本面看起來相當不錯,長期財務通常與未來市場價格運動保持一致。今天我們將特別關注巨人網絡集團的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 Is ROE Calculated?
淨資產收益率怎麼計算?
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算:
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 Giant Network Group is:
因此,根據以上公式,巨人網絡集團的roe爲:
9.9% = CN¥1.2b ÷ CN¥12b (Based on the trailing twelve months to March 2024).
9.9% = CN¥12億 ÷ CN¥120億 (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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.10 in profit.
「回報」是指公司上一年的收益。另一種思考的方式是,對於每1元人民幣的股權,公司能夠獲得0.10元人民幣的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
我們已經確定ROE服務於衡量一個公司未來收益的效率指標。根據公司再投資或「保留」的這些利潤的多少以及效果,我們便能夠評估一個公司的收益增長潛力。假設其他條件均相等,則ROE和利潤保留率均較高的公司通常比那些沒有同樣特徵的公司具有更高的增長速度。
Giant Network Group's Earnings Growth And 9.9% ROE
巨人網絡的淨利潤增長和9.9%的roe
On the face of it, Giant Network Group's ROE is not much to talk about. However, the fact that the company's ROE is higher than the average industry ROE of 5.6%, is definitely interesting. Yet, Giant Network Group has posted measly growth of 3.8% over the past five years. Remember, the company's ROE is quite low to begin with, just that it is higher than the industry average. So that could be one of the factors that are causing earnings growth to stay low.
表面上看,巨人網絡的roe並不值得太多談論。然而,公司的roe高於5.6%的行業平均水平,確實很有趣。然而,過去五年間,巨人網絡的增長率僅有3.8%。請記住,公司的roe本來就很低,只是高於行業平均水平。所以這可能是導致收益增長低的因素之一。
We then compared Giant Network Group's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 4.8% in the same 5-year period, which is a bit concerning.
我們將巨人網絡的淨利潤增長與行業平均水平進行比較,發現公司的增長水平低於同期5年內行業平均增長率4.8%,這有點令人擔憂。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Is 002558 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
評估公司價值的基礎很大程度上取決於其收益增長。了解市場是否已經將公司預期的收益增長(或下降)價格化是對投資者很重要的。這將有助於他們確定股票的未來前景是看好還是不妙。002558是否有適當的估值?這個公司內在價值的信息圖表包含了您需要知道的一切。
Is Giant Network Group Efficiently Re-investing Its Profits?
巨人網絡集團高效地再投資其利潤嗎?
While Giant Network Group has a decent three-year median payout ratio of 32% (or a retention ratio of 68%), it has seen very little growth in earnings. So there could be some other explanation in that regard. For instance, the company's business may be deteriorating.
雖然巨人網絡有一個不錯的三年中位數派息比率爲32%(或留存比率爲68%),但其收益增長非常少。因此,可能有其他方面的解釋。例如,公司的業務可能正在惡化。
Additionally, Giant Network Group has paid dividends over a period of seven years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth.
此外,巨人網絡在過去七年中派發了股息,這意味着公司的管理層決心支付股息,即使這意味着幾乎沒有收益增長。
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, it does look like Giant Network Group has some positive aspects to its business. Although, we are disappointed to see a lack of growth in earnings even in spite of a moderate ROE and and a high reinvestment rate. We believe that there might be some outside factors that could be having a negative impact on the business. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總的來說,巨人網絡的業務有一些積極的方面。雖然,我們可以看到收益增長仍然缺乏增長,儘管roe適中,再投資率很高。我們認爲可能有一些外部因素對業務產生了負面影響。話雖如此,查看當前分析師的預測,我們發現公司的收益預計將獲得增長。這些分析師的預期是基於行業的廣泛預期,還是基於公司的基本面?點擊這裏,進入我們的分析師預測頁面。
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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。