Nanjing COSMOS Chemical Co., Ltd. (SZSE:300856) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Nanjing COSMOS Chemical Co., Ltd. (SZSE:300856) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
It is hard to get excited after looking at Nanjing COSMOS Chemical's (SZSE:300856) recent performance, when its stock has declined 25% over the past three months. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Nanjing COSMOS Chemical's ROE today.
縱觀近三個月南京科思化學股票的表現,下跌了25%,這讓人對它的前景並不是很看好。但仔細研究該公司的健康財務狀況可能會讓你重新考慮。鑑於基本面通常推動長期市場表現,值得關注該公司。尤其是今天要關注南京科思化學的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE(淨資產收益率)是股東需考慮的一個重要因素,因爲它告訴他們資本被有效地再投資的效果如何。換句話說,它揭示了公司將股東的投資轉化爲利潤的成功程度。
How Do You Calculate Return On Equity?
怎樣計算ROE?
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 Nanjing COSMOS Chemical is:
因此,根據上述公式,南京科思化學的roe爲:
27% = CN¥793m ÷ CN¥2.9b (Based on the trailing twelve months to March 2024).
27% = CN¥ 7,9300k ÷ CN¥ 2,9000m (基於最近十二個月截至2024年3月)
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.27.
‘回報’是指過去十二個月稅後收益。意味着該公司每股東投資1元,能帶來0.27元的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定,roe作爲一種有效的盈利預測工具,可爲公司未來的盈利能力提供參考。基於公司選擇重新投資或“保留”的利潤比例,我們可以評估其未來盈利能力。總的來說,在其他條件相等的情況下,roe和利潤保留比例高的公司比那些不具備這些特點的公司增長速度更快。
Nanjing COSMOS Chemical's Earnings Growth And 27% ROE
科思股份的業務增長和27%的roe
First thing first, we like that Nanjing COSMOS Chemical has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 6.4% which is quite remarkable. Under the circumstances, Nanjing COSMOS Chemical's considerable five year net income growth of 47% was to be expected.
首先,我們很喜歡科思股份有一個令人印象深刻的roe。此外,公司roe高於行業平均水平6.4%,這是相當值得注意的。因此,在這種情況下,科思股份5年的可觀淨收入增長47%也是可以預料的。
Next, on comparing with the industry net income growth, we found that Nanjing COSMOS Chemical's growth is quite high when compared to the industry average growth of 7.8% in the same period, which is great to see.
接下來,我們將科思股份與行業淨收入增長進行比較,發現其增長相當高,而行業平均增長爲7.8%,這是一個很好的表現。
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Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Nanjing COSMOS Chemical's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是估值股票時需要考慮的重要指標。投資者應該嘗試確定預期收益增長或下降是否已經被定價。這樣做可以幫助他們確定股票的未來是否看好或不妙。如果你想知道科思股份的估值,請查看它的市盈率與行業相比的測量標準。
Is Nanjing COSMOS Chemical Efficiently Re-investing Its Profits?
南京科思化學是否高效地重新投資其利潤?
Nanjing COSMOS Chemical's three-year median payout ratio is a pretty moderate 25%, meaning the company retains 75% of its income. By the looks of it, the dividend is well covered and Nanjing COSMOS Chemical is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
科思股份的三年中位數紅利支付比率相當溫和,爲25%,這意味着公司保留了75%的收入。從現象來看,紅利很有保障,而科思股份正在高效地將利潤再投資,這是我們前面討論的傑出增長的證明。
Additionally, Nanjing COSMOS Chemical has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 25%. As a result, Nanjing COSMOS Chemical's ROE is not expected to change by much either, which we inferred from the analyst estimate of 27% for future ROE.
總的來說,我們認爲南京科思化學的表現相當不錯,特別是它在不斷向業務增長投資,同時高回報率,這導致其收益大幅增長。話雖如此,最新的行業分析師預測表明,該公司的盈利增長預計將放緩。要了解該公司未來的盈利增長預測,可以查看分析師的免費報告。
Conclusion
結論
On the whole, we feel that Nanjing COSMOS Chemical'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.
總的來說,我們認爲科思股份的表現相當不錯。特別是,看到公司大力投資業務並獲得高回報率,這導致其收益顯著增長,這真是太好了。不過,最新的行業分析師預測顯示,科思股份的收益增長預計將放緩。要了解更多關於公司未來收益增長預測的信息,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。