Ourpalm Co., Ltd. (SZSE:300315) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Ourpalm Co., Ltd. (SZSE:300315) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Ourpalm (SZSE:300315) has had a rough three months with its share price down 14%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Ourpalm's ROE in this article.
沃特世(SZSE:300315)在過去三個月中股價下跌了14%,但如果您仔細觀察,可能會發現其主要的財務指標看起來相當不錯,這可能意味着長期而言該股票潛在上漲,因爲市場通常會獎勵更具有韌性的長期基本面表現。具體來說,本文將研究Ourpalm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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE或股東權益報酬率是一種有用的工具,用於評估一家公司能否有效地利用來自股東的投資產生回報。換句話說,它揭示了公司將股東的投資變成利潤的成功程度。
How Do You Calculate Return On Equity?
怎樣計算ROE?
The formula for return on equity is:
權益回報率的計算公式是:
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 Ourpalm is:
因此,根據以上公式,Ourpalm的roe爲:
3.4% = CN¥164m ÷ CN¥4.8b (Based on the trailing twelve months to March 2024).
3.4%=CN¥16400萬÷ CN¥48億(截至2024年3月的過去12個月)。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.03 in profit.
'回報'是過去12個月的利潤。這意味着,對於每一元股東權益,該公司產生了0.03元的利潤。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要?
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. 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是衡量公司盈利能力的一種方法。現在我們需要評估公司重新投資或「保留」的利潤有多少,以此來了解公司的增長潛力。一般來說,其他因素相同的情況下,roe和利潤保留都較高的公司比不具備這些屬性的公司具有更高的增長率。
Ourpalm's Earnings Growth And 3.4% ROE
Ourpalm的盈利增長和3.4%的roe
As you can see, Ourpalm's ROE looks pretty weak. Even compared to the average industry ROE of 5.1%, the company's ROE is quite dismal. Despite this, surprisingly, Ourpalm saw an exceptional 42% net income growth over the past five years. Therefore, there could be other reasons behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
如您所見,Ourpalm的roe看起來相當薄弱。即使與平均行業roe相比5.1%,公司的roe也相當令人沮喪。儘管如此,令人驚訝的是,Ourpalm在過去五年中實現了42%的淨利潤增長。因此,這種增長背後可能存在其他原因。例如,公司具有低的派息比率或被高效管理。
As a next step, we compared Ourpalm'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 3.4%.
作爲下一步,我們將Ourpalm的淨利潤增長與行業進行了比較,令人欣慰的是,我們發現公司實現的增長高於行業平均增長率3.4%。
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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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Ourpalm is trading on a high P/E or a low P/E, relative to its industry.
盈利增長是股票估值中的非常重要的因素之一。投資者要知道市場是否已經將公司預期的盈利增長(或下降)計價。這樣做,他們就會知道股票是否朝着清澈的藍色水域前進,還是沼澤水域在等待着。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爲股票支付的價格。因此,您可能希望查看Ourpalm的市盈率相對於其行業是高還是低。
Is Ourpalm Making Efficient Use Of Its Profits?
Ourpalm是否有效地利用其利潤?
Ourpalm doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.
Ourpalm目前不支付任何定期股息,這意味着其一直在將所有利潤重投到企業中。這絕對有助於上述高盈利增長率。
Summary
總的來說,我們對偉明環保的表現非常滿意。具體而言,我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然,這導致公司的收益大幅增長。但是,最新的行業分析師預測表明,該公司的收益預計將加速增長。
On the whole, we do feel that Ourpalm has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們認爲Ourpalm具有一些積極的屬性。儘管roe低,但由於高比率重投,公司成功實現了可觀的盈利增長。在研究目前的分析師預測後,我們發現分析師預計公司將繼續保持其最近的增長勢頭。要了解有關公司的最新分析師預測的更多信息,請查看此分析師預測的可視化。
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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。