Is Zhongyin Babi Food Co., Ltd.'s (SHSE:605338) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Zhongyin Babi Food Co., Ltd.'s (SHSE:605338) Recent Stock Performance Tethered To Its Strong Fundamentals?
Zhongyin Babi Food (SHSE:605338) has had a great run on the share market with its stock up by a significant 15% over the last month. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Zhongyin Babi Food's ROE.
巴比食品(SHSE:605338)在股市上表現得非常出色,股價在過去一個月內大幅上漲了15%。由於市場通常會爲一家公司的長期基本面買單,我們決定研究該公司的關鍵績效指標,看看它們是否可能影響着市場。在本文中,我們決定專注於巴比食品的roe。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東權益回報率(roe)是一種關鍵指標,用於評估公司管理層如何有效利用公司資本。更簡單地說,它衡量了公司相對股東權益的盈利能力。
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 Zhongyin Babi Food is:
所以,基於上述公式,巴比食品的roe爲:
11% = CN¥247m ÷ CN¥2.2b (Based on the trailing twelve months to June 2024).
11% = 2,4700萬人民幣 ÷ 22億人民幣(基於截至2024年6月的過去十二個月)。
The 'return' is the income the business earned over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
「回報」是企業去年賺取的收入。 這意味着對於每1元股東權益,公司創造了0.11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. 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 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一個指標。基於公司選擇重新投資或「留存」的利潤比例,我們可以評估公司未來產生利潤的能力。其他因素相等的情況下,roe和利潤留存率都較高的公司通常比沒有這些特徵的公司增長率更高。
Zhongyin Babi Food's Earnings Growth And 11% ROE
巴比食品的盈利增長和11%的roe
At first glance, Zhongyin Babi Food seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 8.0%. Probably as a result of this, Zhongyin Babi Food was able to see a decent growth of 7.5% over the last five years.
乍一看,巴比食品的roe似乎還不錯。此外,該公司的roe與行業平均水平8.0%相比相當優越。可能正因如此,巴比食品在過去五年中能夠看到7.5%的不錯增長。
As a next step, we compared Zhongyin Babi Food'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 1.6%.
作爲下一步,我們將巴比食品的淨利潤增長與行業進行了比較,令人高興的是,我們發現公司的增長高於行業平均增長1.6%。
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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is 605338 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
公司價值的依據,在很大程度上與其盈利增長掛鉤。投資者要知道市場是否已經反映了公司預期的盈利增長(或下降),這一點很重要。通過這樣做,他們就能知道股票是走向明朗水域還是等待泥濘水域。605338是否合理價值?公司內在價值的信息圖表中包含了您需要了解的一切。
Is Zhongyin Babi Food Efficiently Re-investing Its Profits?
巴比食品是否有效地再投資其利潤?
Zhongyin Babi Food has a three-year median payout ratio of 33%, which implies that it retains the remaining 67% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
巴比食品的三年中位數支付比率爲33%,這意味着它留存了剩下的67%利潤。這表明其股息得到了很好的覆蓋,並且考慮到公司所見到的良好增長,管理層似乎正在有效地再投資其盈利。
Moreover, Zhongyin Babi Food is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend. 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 32%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 11%.
此外,巴比食品決心繼續與股東分享其利潤,這一點我們從其連續三年支付股息的悠久歷史中推斷出。根據最新分析師預測,我們發現公司未來三年的支付比率預計將穩定在32%。因此,預計公司未來roe也不會有太大改變,分析師預測roe爲11%。
Conclusion
結論
On the whole, we feel that Zhongyin Babi Food's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. 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,我們認爲巴比食品的表現相當不錯。特別是,我們喜歡公司正在大力 reinvesting 其業務,並獲得了很高的回報率。毫不奇怪,這導致了令人印象深刻的收益增長。我們還研究了最新的分析師預測,發現公司的收益增長預期與當前增長率相仿。要了解更多有關公司未來收益增長預測的信息,請查看這份關於分析師預測的免費報告。
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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。
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