Will Weakness in Qingdao Yunlu Advanced Materials Technology Co., Ltd.'s (SHSE:688190) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Qingdao Yunlu Advanced Materials Technology Co., Ltd.'s (SHSE:688190) Stock Prove Temporary Given Strong Fundamentals?
With its stock down 21% over the past three months, it is easy to disregard Qingdao Yunlu Advanced Materials Technology (SHSE:688190). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Qingdao Yunlu Advanced Materials Technology's ROE today.
由於過去三個月股價下跌了21%,所以易被忽視青島雲露科技(愛文思控股:688190)。但是,股價通常由公司的長期財務表現推動,而在這種情況下,前景看起來相當有前途。特別是,今天我們將關注青島雲露科技的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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或roe是評估公司管理層如何有效利用公司資本的關鍵指標。簡而言之,ROE顯示每美元股東投資所產生的利潤。
How Do You Calculate Return On Equity?
怎樣計算ROE?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
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 Qingdao Yunlu Advanced Materials Technology is:
因此,根據上述公式,青島雲露科技的roe爲:
14% = CN¥334m ÷ CN¥2.4b (Based on the trailing twelve months to March 2024).
14% = CN¥3.34億 ÷ CN¥24億(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. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.14 in profit.
‘回報’是指公司在過去一年的盈利。對此的一個概念是,對於每個股東的1元人民幣,公司就賺了0.14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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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.
到目前爲止,我們已經知道roe衡量公司生成利潤的效率。根據公司選擇再投資或“保留”的利潤的多少,我們能夠評估公司未來生成利潤的能力。一般而言,在其他條件相等的情況下,roe和盈利保留較高的公司,比沒有這些屬性的公司增長率更高。
Qingdao Yunlu Advanced Materials Technology's Earnings Growth And 14% ROE
青島雲麓高新材料技術的收益增長和14%的roe
To start with, Qingdao Yunlu Advanced Materials Technology's ROE looks acceptable. Especially when compared to the industry average of 7.4% the company's ROE looks pretty impressive. This certainly adds some context to Qingdao Yunlu Advanced Materials Technology's exceptional 43% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.
首先,青島雲麓高新材料技術的ROE看起來是可以接受的。尤其是與行業平均水平7.4%相比,該公司的ROE表現相當優異。這確實爲青島雲麓高新材料技術過去五年的出色43%淨利潤增長增添了一些背景。我們認爲,還可能存在其他積極影響公司收益增長的方面。例如,該公司的派息比率較低或被有效地管理。
As a next step, we compared Qingdao Yunlu Advanced Materials Technology'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 11%.
作爲下一步,我們將青島雲麓高新材料技術的淨利潤增長與行業進行比較,令人高興的是,我們發現,該公司的增長率高於行業平均增長率11%。
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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. Is Qingdao Yunlu Advanced Materials Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。投資者知道市場是否已經對公司的預期盈利增長(或下降)進行了定價就很重要。然後,這可以幫助他們判斷股票是否面臨光明或灰暗的未來。與其他公司相比,青島雲麓高新材料技術是否是公允價值?這3個估值指標可能會幫助您做出決策。
Is Qingdao Yunlu Advanced Materials Technology Using Its Retained Earnings Effectively?
青島雲露科技能有效利用其未分配利潤嗎?
Qingdao Yunlu Advanced Materials Technology has a three-year median payout ratio of 26% (where it is retaining 74% of its income) which is not too low or not too high. So it seems that Qingdao Yunlu Advanced Materials Technology is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
青島雲麓高新材料技術的三年中位派息比率爲26%(其中保留了74%的收入),既不太低也不太高。因此,青島雲麓高新材料技術似乎在有效地再投資,以獲得其收益的令人印象深刻的增長(上面已討論),並支付了良好覆蓋的股息。
While Qingdao Yunlu Advanced Materials Technology has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend.
雖然青島雲露科技一直在增長其盈利,但它最近才開始支付分紅,可能意味着公司決定用股息來吸引新老股東。
Conclusion
結論
On the whole, we feel that Qingdao Yunlu Advanced Materials Technology's performance has been quite good. 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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
總體而言,我們認爲青島雲麓高新材料技術的表現相當不錯。特別是,公司大力投資於業務,加上高回報率,導致其收益大幅增長,這是非常好的。儘管如此,最新的行業分析師預測顯示,公司的盈利增長預期將放緩。要了解更多關於公司未來盈利增長預測的信息,請查看有關該公司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。