Hangzhou EZVIZ Network Co., Ltd.'s (SHSE:688475) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Hangzhou EZVIZ Network Co., Ltd.'s (SHSE:688475) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
It is hard to get excited after looking at Hangzhou EZVIZ Network's (SHSE:688475) recent performance, when its stock has declined 18% over the past three months. 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 Hangzhou EZVIZ Network's ROE today.
最近三個月,杭州億威視網絡(上海證券交易所股票代碼:688475)股價下跌18%,因此,我們很難對其表現感到興奮。但如果你仔細留意,你可能會發現它強大的財務狀況,說明該股有可能在長期內價值上漲,因爲市場一般會獎勵表現良好的公司。特別地,我們將密切關注杭州億威視網絡今日的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股東權益回報率(ROE)是檢驗公司增加其價值和管理投資者資金有效性的測試。簡而言之,ROE顯示每個美元的利潤與其股東的投資有關。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
The formula for ROE is:
roe的公式是:
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 Hangzhou EZVIZ Network is:
因此,根據上述公式,杭州億威視網絡的roe爲:
11% = CN¥597m ÷ CN¥5.4b (Based on the trailing twelve months to March 2024).
11%=CN¥59700萬元÷CN¥54億元(截至2024年3月的過去12個月數據)。
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¥0.11.
‘收益率’是公司過去12個月稅後賺取的收益額。這意味着,對於每股股東投資的1元人民幣,該公司會創造0.11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. 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. 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.
我們已經確定ROE作爲一個高效的盈利規模可以評估公司未來的收益。根據公司選擇再投資或保留多少利潤,我們可以評估公司未來盈利的能力。假設其他所有條件均保持不變,ROE和利潤留存率越高,相對於沒有這些特點的公司,公司的增長率就越高。
A Side By Side comparison of Hangzhou EZVIZ Network's Earnings Growth And 11% ROE
杭州EZVIZ Network的盈利增長和11%的roe的對比
To begin with, Hangzhou EZVIZ Network seems to have a respectable ROE. On comparing with the average industry ROE of 6.3% the company's ROE looks pretty remarkable. This certainly adds some context to Hangzhou EZVIZ Network's decent 17% net income growth seen over the past five years.
首先,杭州EZVIZ Network的roe似乎很 respectable。與行業平均roe 6.3% 相比,該公司的roe看起來相當出色。這無疑爲杭州EZVIZ Network過去五年的17%的可觀淨利潤增長增添了一些背景。
As a next step, we compared Hangzhou EZVIZ Network'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%.
接下來,我們將杭州EZVIZ Network的淨利潤增長與行業進行了比較,令人高興的是,我們發現該公司的淨利潤增長高於行業平均增長6.4%。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240728/0-d04c791cb10b9d6702d5f3752d558546-0-d995ff8f0e40afc9ccfebf63a2e84c4c.png/big)
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is 688475 worth today? The intrinsic value infographic in our free research report helps visualize whether 688475 is currently mispriced by the market.
盈利增長是估值股票時要考慮的重要指標。投資者了解市場是否已經定價了公司預期的盈利增長(或下降)非常重要。這樣做,他們就會知道股票是否進入了明確的藍色水域或是否會遇到沼澤水域。688475今天值多少錢?我們免費研究報告中的內在價值信息圖表有助於可視化688475目前是否被市場錯誤定價。
Is Hangzhou EZVIZ Network Making Efficient Use Of Its Profits?
杭州億威視網絡的盈利是否利用有效?
With a three-year median payout ratio of 40% (implying that the company retains 60% of its profits), it seems that Hangzhou EZVIZ Network is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
通過三年的新紀錄,我們發現,杭州EZVIZ Network的股息支付比率爲40%(意味着公司留下了60%的利潤),看起來該公司正在以有效的方式進行再投資,以在其收益中看到 respectable amount 的增長,並支付一個良好覆蓋的紅利。
While Hangzhou EZVIZ Network 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. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 44%. Regardless, the future ROE for Hangzhou EZVIZ Network is predicted to rise to 14% despite there being not much change expected in its payout ratio.
雖然杭州億威視網絡一直在增加其盈利,但它只是最近開始支付股息,這可能意味着該公司決定通過股息來印證新股東和現有股東的信心。我們最新的分析師數據顯示,該公司未來三年的股息支付比率預計約爲44%。儘管其股息支付比率不會有太大的變化,但杭州億威視網絡未來的roe預計將上升至14%。
Conclusion
結論
Overall, we are quite pleased with Hangzhou EZVIZ Network's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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,我們對杭州EZVIZ Network的表現非常滿意。特別是,我們喜歡該公司以高回報率再投資其巨大利潤的方式。當然,這導致公司的淨利潤增長非常可觀。話雖如此,最新的行業分析師預測顯示該公司的收益預計將加速。要了解有關該公司未來收益增長預測的更多信息,請查看此免費分析師預測報告。
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。