Is Weakness In Imeik Technology Development Co.,Ltd. (SZSE:300896) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Imeik Technology Development Co.,Ltd. (SZSE:300896) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
It is hard to get excited after looking at Imeik Technology DevelopmentLtd's (SZSE:300896) recent performance, when its stock has declined 23% over the past three months. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Imeik Technology DevelopmentLtd's ROE in this article.
愛美客(臨時代碼)的(SZSE:300896)近三個月股價下跌23%,使人難以對其表現產生興趣。然而,股票價格通常受公司長期的財務表現所驅動,在這種情況下,看起來相當有前途。本文將具體研究愛美客的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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
roe,即淨資產收益率,是一種評估公司如何有效地從股東手中獲取投資回報的有用工具。換句話說,它是一種盈利能力比率,衡量公司股東提供的資本的回報率。
How Is ROE Calculated?
淨資產收益率怎麼計算?
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 Imeik Technology DevelopmentLtd is:
所以根據上述公式,愛美客的ROE爲:
28% = CN¥2.0b ÷ CN¥7.0b (Based on the trailing twelve months to March 2024).
28%= CNY 20億 ÷ CNY 70億(基於最近的 2024 年 3 月)
The 'return' is the yearly profit. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.28 in profit.
「回報」是每年的利潤。另一種思考方法是,對於每CNY1的股本,公司能夠獲得CNY0.28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. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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可以作爲一種有效的衡量公司未來盈利能力的指標。現在我們需要評估公司再投資或「保留」的利潤有多少,這就給我們提供了有關公司增長潛力的想法。假設其他一切不變,roe和利潤保留率越高,公司的增長率就越高,而不一定具備這些特徵的公司相比。
Imeik Technology DevelopmentLtd's Earnings Growth And 28% ROE
愛美客的盈利增長和28%的ROE
First thing first, we like that Imeik Technology DevelopmentLtd has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 5.8% which is quite remarkable. So, the substantial 39% net income growth seen by Imeik Technology DevelopmentLtd over the past five years isn't overly surprising.
首先,我們喜歡愛美客有令人印象深刻的ROE。此外,該公司的ROE高於行業平均水平5.8%,這相當令人矚目。因此,過去五年愛美客淨收入增長了39%,這並不令人過於驚訝。
Next, on comparing with the industry net income growth, we found that Imeik Technology DevelopmentLtd's growth is quite high when compared to the industry average growth of 5.4% in the same period, which is great to see.
接下來,與行業淨收入增長相比較,我們發現愛美客的增長高於同期行業平均增長5.4%,這是很高興看到的。
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Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for 300896? You can find out in our latest intrinsic value infographic research report.
盈利增長是考慮股票價值時需要考慮的重要指標。投資者需要接下來確定的是,預計的盈利增長或缺乏盈利增長是否已經反映在股價中。這有助於他們確定股票是處於光明還是黯淡的未來。市場是否已經爲300896的未來展望定價?您可以在我們的最新內在價值信息圖研究報告中找到答案。
Is Imeik Technology DevelopmentLtd Efficiently Re-investing Its Profits?
愛美客是否高效地再投資利潤?
Imeik Technology DevelopmentLtd's three-year median payout ratio is a pretty moderate 48%, meaning the company retains 52% of its income. By the looks of it, the dividend is well covered and Imeik Technology DevelopmentLtd is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
愛美客的三年中位數派息比率相當適中,爲48%,這意味着公司保留了52%的收入。看起來,股息得到了很好的覆蓋,並且正如我們上面討論的那樣,愛美客在有效地再投資利潤方面表現異常突出。
Additionally, Imeik Technology DevelopmentLtd 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 39%. Accordingly, forecasts suggest that Imeik Technology DevelopmentLtd's future ROE will be 31% which is again, similar to the current ROE.
此外,愛美客在過去四年中已經支付了股息,這意味着該公司非常願意與股東分享其利潤。根據最新分析師的估計,我們發現該公司未來三年的派息比率預計將保持穩定,在39%左右。因此,預測表明愛美客未來的ROE將達到31%,這與目前的ROE相似。
Conclusion
結論
Overall, we are quite pleased with Imeik Technology DevelopmentLtd's performance. 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. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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.
總體而言,我們對愛美客的表現相當滿意。特別是看到公司大力投資業務,並且在高回報的同時,公司的盈利顯著增長。即便如此,對最新分析師預測的研究表明,該公司未來的盈利增長預計會放緩。這些分析師的預期是基於業內的廣泛預期還是公司基本面?請單擊此處,進入我們的分析師預測頁面。
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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。