Is Shenzhen Bsc Technology Co.,Ltd.'s (SZSE:300951) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Shenzhen Bsc Technology Co.,Ltd.'s (SZSE:300951) Recent Stock Performance Tethered To Its Strong Fundamentals?
Shenzhen Bsc TechnologyLtd (SZSE:300951) has had a great run on the share market with its stock up by a significant 12% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Specifically, we decided to study Shenzhen Bsc TechnologyLtd's ROE in this article.
深圳博實股份股份有限公司(SZSE:300951)在股市上一路飄紅,其中股價在過去三個月中上漲了12%。由於股市通常會對一家公司的長期基本面進行投資,所以我們決定研究該公司的關鍵業績指標,以了解其是否可能影響市場。具體來說,本文決定研究深圳博實股份股份有限公司的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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
roe或股東權益回報率是評估公司如何有效地從股東那裏獲得回報的有用工具。簡而言之,它用於評估公司相對於其權益資本的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
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 Shenzhen Bsc TechnologyLtd is:
因此,根據以上公式,深圳博實股份股份有限公司的ROE爲:
10% = CN¥243m ÷ CN¥2.3b (Based on the trailing twelve months to March 2024).
10%= CN¥24300萬 ÷ CN¥23億(基於截至2024年3月的最近十二個月)。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.10 in profit.
「回報」是過去十二個月的利潤。這意味着公司每一元股東權益的價值創造了0.10元人民幣的利潤。
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. 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. 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.
迄今爲止,我們已經了解到roe是公司盈利能力的一種衡量方式。根據公司重新投資或保留這些利潤的數量,以及有效程度,我們能夠評估公司的盈利增長潛力。一般來說,其他條件相同的情況下,具有高roe和盈利保留能力的公司比沒有這些特徵的公司的增長率更高。
A Side By Side comparison of Shenzhen Bsc TechnologyLtd's Earnings Growth And 10% ROE
深圳Bsc科技有限公司的三年中值派息比率爲47%,這意味着其將其利潤的剩餘部分留存下來。這表明它的股息得到很好地保障,而且由於公司的良好增長,看起來管理層正在有效地再投資其利潤。
When you first look at it, Shenzhen Bsc TechnologyLtd's ROE doesn't look that attractive. However, the fact that the company's ROE is higher than the average industry ROE of 6.3%, is definitely interesting. Consequently, this likely laid the ground for the decent growth of 14% seen over the past five years by Shenzhen Bsc TechnologyLtd. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Hence there might be some other aspects that are causing earnings to grow. E.g the company has a low payout ratio or could belong to a high growth industry.
As a next step, we compared Shenzhen Bsc 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 6.4%.
Moreover, Shenzhen Bsc TechnologyLtd is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend.
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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. If you're wondering about Shenzhen Bsc TechnologyLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
Is Shenzhen Bsc TechnologyLtd Making Efficient Use Of Its Profits?
深圳博實股份股份有限公司是否有效利用利潤?
Shenzhen Bsc TechnologyLtd has a three-year median payout ratio of 47%, which implies that it retains the remaining 53% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
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.
Moreover, Shenzhen Bsc TechnologyLtd is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend.
此外,深圳博實股份股份有限公司決定繼續與股東分享利潤,我們可以從其長達三年的支付股息的歷史記錄中推斷出這一點。
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 are pretty happy with Shenzhen Bsc TechnologyLtd's performance. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. 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. You can see the 3 risks we have identified for Shenzhen Bsc TechnologyLtd by visiting our risks dashboard for free on our platform here.
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。