OKE Precision Cutting Tools Co., Ltd.'s (SHSE:688308) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
OKE Precision Cutting Tools Co., Ltd.'s (SHSE:688308) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
OKE Precision Cutting Tools' (SHSE:688308) stock is up by a considerable 29% over the past week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on OKE Precision Cutting Tools' ROE.
歐科億(SHSE:688308)的股票在過去一週內大幅上漲了29%。考慮到股票價格通常與公司的長期財務表現相一致,我們決定更加密切地研究其財務指標,以查看它們是否在最近的股價走勢中發揮了作用。在本文中,我們決定專注於歐科億的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
淨資產收益率(ROE)是衡量公司增值和管理投資者資金有效性的測試。換句話說,它是一種盈利能力比率,用於衡量公司股東提供的資金回報率。
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 OKE Precision Cutting Tools is:
因此,根據以上公式,歐科億(OKE Precision Cutting Tools)的roe爲:
4.6% = CN¥118m ÷ CN¥2.6b (Based on the trailing twelve months to June 2024).
4.6% = 人民幣11,800萬 ÷ 人民幣26億(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. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.05 in profit.
「回報」是企業過去一年賺取的收入。一種理解這個概念的方式是,對於每一元股東資本,公司賺取了0.05元的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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是衡量公司利潤產生效率的指標。根據公司選擇再投資或「保留」其利潤的比例,我們隨後可以評估公司未來利潤的能力。其他條件都相同的情況下,roe和利潤保留率都較高的公司通常比沒有這些特徵的公司有更高的增長速度。
OKE Precision Cutting Tools' Earnings Growth And 4.6% ROE
OKE Precision Cutting Tools' Earnings Growth And 4.6% ROE
It is hard to argue that OKE Precision Cutting Tools' ROE is much good in and of itself. Not just that, even compared to the industry average of 7.0%, the company's ROE is entirely unremarkable. Although, we can see that OKE Precision Cutting Tools saw a modest net income growth of 9.2% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently.
It is hard to argue that OKE Precision Cutting Tools' ROE is much good in and of itself. Not just that, even compared to the industry average of 7.0%, the company's ROE is entirely unremarkable. Although, we can see that OKE Precision Cutting Tools saw a modest net income growth of 9.2% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently.
We then performed a comparison between OKE Precision Cutting Tools' net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 8.8% in the same 5-year period.
We then performed a comparison between OKE Precision Cutting Tools' net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 8.8% in the same 5-year period.
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about OKE Precision Cutting Tools''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
掛鉤公司價值的基礎在很大程度上與其盈利增長相關。投資者應該嘗試確定預期的盈利增長或下降是否已經定價。這有助於幫助他們判斷股票是否具有光明或暗淡的未來。如果您想了解歐科億Precision Cutting Tools的估值,請查看其市盈率與所屬行業的比較。
Is OKE Precision Cutting Tools Efficiently Re-investing Its Profits?
歐科億 Precision Cutting Tools是否有效地再投資其利潤?
OKE Precision Cutting Tools has a healthy combination of a moderate three-year median payout ratio of 42% (or a retention ratio of 58%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
歐科億 Precision Cutting Tools擁有一個健康的組合,三年中位數支付比率爲42%(或留存比率58%),並且如上所述利潤增長可觀,這意味着公司一直在高效利用其利潤。
Besides, OKE Precision Cutting Tools has been paying dividends over a period of four years. This shows that the company is committed to sharing profits with its shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 28% over the next three years. As a result, the expected drop in OKE Precision Cutting Tools' payout ratio explains the anticipated rise in the company's future ROE to 8.4%, over the same period.
此外,歐科億 Precision Cutting Tools已連續四年支付股息。這表明公司致力於與股東分享利潤。現有的分析師預測表明,公司未來的派息比率預計將在未來三年降至28%。因此,預計歐科億 Precision Cutting Tools派息比率下降解釋了同期公司未來roe的預期增長至8.4%。
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 OKE Precision Cutting Tools has some positive attributes. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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.
整體而言,我們確實認爲歐科億刀具具有一些積極的特點。 儘管回報率較低,但由於大量投資於業務,該公司已經實現了令人印象深刻的收益增長。 話雖如此,最新的行業分析師預測顯示,公司的收益有望加速增長。 這些分析師的預期是基於該行業的廣泛預期,還是基於公司的基本面? 點擊此處查看我們爲該公司的分析師預測頁面。
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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。