Is Xiamen Sinic-Tek Intelligent Technology Co., Ltd.'s (SZSE:301568) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Xiamen Sinic-Tek Intelligent Technology Co., Ltd.'s (SZSE:301568) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Most readers would already be aware that Xiamen Sinic-Tek Intelligent Technology's (SZSE:301568) stock increased significantly by 29% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Xiamen Sinic-Tek Intelligent Technology's ROE in this article.
大多數讀者可能已經意識到廈門信泰智能技術(SZSE:301568)的股票上週上漲了29%。我們想知道公司財務狀況在這種價格變化中扮演了什麼角色,因爲公司的長期基本面通常決定市場結果。具體而言,我們決定在本文中研究廈門信泰智能技術的ROE。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股東權益回報率(ROE)是測試公司如何有效地增加其價值並管理投資者資金的指標。簡而言之,它用於評估公司相對於股本資本的盈利能力。
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 Xiamen Sinic-Tek Intelligent Technology is:
因此,根據上述公式,廈門信泰智能技術的ROE爲:
8.1% = CN¥82m ÷ CN¥1.0b (Based on the trailing twelve months to March 2024).
8.1%= CN¥8200萬 ÷ CN¥10億(基於截至2024年3月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.08 in profit.
'回報'是上一年度稅後收入。從一個角度來看,對於每一元股東的資本,公司賺取了0.08元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
So far, we've learned that ROE is a measure of a company's profitability. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前爲止,我們已經了解到roe是衡量公司盈利能力的指標。我們現在需要評估公司重新投資或「保留」的利潤量,從而給我們提供有關公司增長潛力的想法。其他條件相同的情況下,roe和利潤保留率均較高的公司通常是增長率比沒有這些特徵的公司高的公司。
A Side By Side comparison of Xiamen Sinic-Tek Intelligent Technology's Earnings Growth And 8.1% ROE
廈門信泰智能技術盈利增長和8.1%ROE的並行比較
On the face of it, Xiamen Sinic-Tek Intelligent Technology's ROE is not much to talk about. Although a closer study shows that the company's ROE is higher than the industry average of 6.3% which we definitely can't overlook. This certainly adds some context to Xiamen Sinic-Tek Intelligent Technology's moderate 8.6% net income growth seen over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. So there might well be other reasons for the earnings to grow. For example, it is possible that the broader industry is going through a high growth phase, or that the company has a low payout ratio.
表面上看,廈門信泰智能技術的ROE並不值得一提。雖然更深入的研究表明,公司的ROE高於行業平均水平6.3%,這是我們絕對不忽視的。這肯定爲過去五年中廈門信泰智能技術8.6%的淨利潤增長增添了一些背景。話雖如此,該公司的ROE起點略低,只是高於行業平均水平。因此,賺錢的原因可能是其他原因。例如,可能行業整體正在經歷高增長階段,或者該公司的股息支付比率很低。
Next, on comparing with the industry net income growth, we found that Xiamen Sinic-Tek Intelligent Technology's growth is quite high when compared to the industry average growth of 6.4% in the same period, which is great to see.
接下來,與行業淨利潤增長進行比較,我們發現廈門信泰智能技術的增長相當高,相比之下,同期行業平均增長率爲6.4%,這是很好的。
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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). This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Xiamen Sinic-Tek Intelligent Technology is trading on a high P/E or a low P/E, relative to its industry.
將價值附加到公司的依據很大程度上與其盈利增長有關。投資者知道市場是否已經反映了公司預期的盈利增長(或下降)是很重要的。這有助於他們判斷股票是否處於光明或暗淡的未來。預期盈利增長的一個很好的指標是市盈率,它根據公司的盈利前景確定市場願意支付的價格。因此,您可能需要檢查廈門信泰智能技術相對於其行業是否交易在高市盈率或低市盈率上。
Is Xiamen Sinic-Tek Intelligent Technology Making Efficient Use Of Its Profits?
廈門信泰智能技術是否有效利用其利潤?
The high three-year median payout ratio of 54% (or a retention ratio of 46%) for Xiamen Sinic-Tek Intelligent Technology suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
廈門信泰智能技術高達54%的三年中位數股息支付比率(或保留比率爲46%)表明,該公司的增長並沒有受到影響,儘管它把大部分收入返還給股東。
Conclusion
結論
On the whole, we do feel that Xiamen Sinic-Tek Intelligent Technology has some positive attributes. Specifically, its respectable ROE which likely led to the considerable growth in earnings. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. Until now, we have only just grazed the surface of the company's past performance by looking at the company's fundamentals. To gain further insights into Xiamen Sinic-Tek Intelligent Technology's past profit growth, check out this visualization of past earnings, revenue and cash flows.
總的來說,我們確實認爲廈門信泰智能技術有一些積極的特點。特別是,它可敬的ROE很可能導致了可觀的盈利增長。然而,該公司仍保留了很少的利潤。這意味着公司能夠在把大部分利潤返還給股東的情況下增長自己的盈利,因此不算太糟糕。到目前爲止,我們只是淺嘗輒止地研究了公司的基本面,通過查看公司的過去盈利、收入和現金流的可視化,可以獲得更深入的了解。
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