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Guangzhou Haoyang Electronic Co.,Ltd.'s (SZSE:300833) Stock Is Going Strong: Is the Market Following Fundamentals?

Guangzhou Haoyang Electronic Co.,Ltd.'s (SZSE:300833) Stock Is Going Strong: Is the Market Following Fundamentals?

浩洋股份有限公司(SZSE:300833)的股票走勢強勁:市場是否遵循基本面?
Simply Wall St ·  09/27 22:01

Most readers would already be aware that Guangzhou Haoyang ElectronicLtd's (SZSE:300833) stock increased significantly by 15% over the past week. 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 Guangzhou Haoyang ElectronicLtd's ROE.

大多數讀者可能已經意識到,廣州豪洋電子股份有限公司(SZSE:300833)的股價在過去一週大幅上漲了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市場。在本文中,我們決定專注於廣州豪洋電子的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 To Calculate Return On Equity?

如何計算股東權益報酬率?

The formula for ROE is:

roe的公式是:

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 Guangzhou Haoyang ElectronicLtd is:

因此,根據以上公式,廣州豪陽電子有限公司的roe是:

15% = CN¥349m ÷ CN¥2.3b (Based on the trailing twelve months to June 2024).

15% = 34900萬人民幣 ÷ 23億人民幣(截至2024年6月的過去十二個月)。

The 'return' is the profit 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¥0.15 in profit.

『回報』是過去12個月的利潤。一種概括這一點的方式是,對於每1元股東資本,公司賺取了0.15元的利潤。

Why Is ROE Important For Earnings Growth?

ROE爲什麼對淨利潤增長很重要?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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,我們已經學到 ROE(淨資產收益率)可以衡量公司盈利的效率。具體取決於公司再投資或「保留」多少這些利潤,以及其有效程度,我們便能夠評估公司的盈利增長潛力。假設其他條件相同,ROE和利潤保留率都較高的公司通常比不具備這些特徵的公司增長率更高。

Guangzhou Haoyang ElectronicLtd's Earnings Growth And 15% ROE

Guangzhou Haoyang ElectronicLtd's Earnings Growth And 15% ROE

At first glance, Guangzhou Haoyang ElectronicLtd seems to have a decent ROE. On comparing with the average industry ROE of 6.9% the company's ROE looks pretty remarkable. Probably as a result of this, Guangzhou Haoyang ElectronicLtd was able to see an impressive net income growth of 27% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.

At first glance, Guangzhou Haoyang ElectronicLtd seems to have a decent ROE. On comparing with the average industry ROE of 6.9% the company's ROE looks pretty remarkable. Probably as a result of this, Guangzhou Haoyang ElectronicLtd was able to see an impressive net income growth of 27% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently.

Next, on comparing with the industry net income growth, we found that Guangzhou Haoyang ElectronicLtd's growth is quite high when compared to the industry average growth of 12% in the same period, which is great to see.

Next, on comparing with the industry net income growth, we found that Guangzhou Haoyang ElectronicLtd's growth is quite high when compared to the industry average growth of 12% in the same period, which is great to see.

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SZSE:300833 Past Earnings Growth September 28th 2024
SZSE:300833 Past Earnings Growth September 28th 2024

Earnings growth is an important metric to consider when valuing a stock. 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 Guangzhou Haoyang ElectronicLtd is trading on a high P/E or a low P/E, relative to its industry.

盈利增長是評估股票價值時必須考慮的重要指標。對於投資者來說,重要的是要知道市場是否已經將公司預期的盈利增長(或下降)價格化。然後這有助於他們判斷股票是處於光明還是暗淡的未來。預期盈利增長的一個良好指標是市盈率,該指標確定市場願意根據其盈利前景爲股票支付的價格。因此,您可能希望查看廣州浩揚電子有限公司的市盈率是高還是低,相對於其所在的行業。

Is Guangzhou Haoyang ElectronicLtd Making Efficient Use Of Its Profits?

廣州浩揚電子有限公司是否高效利用其利潤?

The three-year median payout ratio for Guangzhou Haoyang ElectronicLtd is 50%, which is moderately low. The company is retaining the remaining 50%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Guangzhou Haoyang ElectronicLtd is reinvesting its earnings efficiently.

廣州浩揚電子有限公司的三年中位數派息比率爲50%,屬於適度偏低。該公司保留了其餘50%。這表明其股息得到很好的保障,並且鑑於我們上面討論的高增長,看起來廣州浩揚電子有限公司正在高效地再投資其盈利。

Besides, Guangzhou Haoyang ElectronicLtd has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.

此外,廣州浩揚電子有限公司在過去三年一直在支付股息。這表明該公司致力於與股東分享利潤。

Conclusion

結論

Overall, we are quite pleased with Guangzhou Haoyang ElectronicLtd'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. 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.

總體而言,我們對廣州浩洋電子有限公司的業績相當滿意。特別是,公司大舉投資於其業務,加上高回報率,導致其收益大幅增長。在研究當前分析師的估計時,我們發現分析師預計公司將繼續其最近的增長勢頭。要了解更多有關該公司最新分析師預測的信息,請查看該公司的分析師預測可視化。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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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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