Is Hubei Zhenhua Chemical Co.,Ltd.'s (SHSE:603067) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Hubei Zhenhua Chemical Co.,Ltd.'s (SHSE:603067) Recent Stock Performance Tethered To Its Strong Fundamentals?
Most readers would already be aware that Hubei Zhenhua ChemicalLtd's (SHSE:603067) stock increased significantly by 19% 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 Hubei Zhenhua ChemicalLtd's ROE.
大多數讀者可能已經意識到,湖北振華化工股份有限公司(SHSE:603067)的股價在過去一週內大幅上漲了19%。由於市場通常會爲公司的長期基本面付費,我們決定研究該公司的關鍵績效指標,以查看它們是否可能正在影響市場。在這篇文章中,我們決定關注湖北振華化工的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
對於股東來說,股東回報率(ROE)是一個重要的考慮因素,因爲它告訴股東他們的資本被有效地再投資了多少。換句話說,它是一個衡量公司股東提供的資本回報率的盈利能力比率。
How Do You Calculate Return On Equity?
怎樣計算ROE?
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 Hubei Zhenhua ChemicalLtd is:
因此,根據上述公式,Hubei Zhenhua ChemicalLtd的ROE爲:
14% = CN¥421m ÷ CN¥3.0b (Based on the trailing twelve months to June 2024).
14% = 4.21億元 ÷ 30億人民幣(基於截至2024年6月的過去十二個月的數據)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.14.
「回報」是稅後收益在過去十二個月內賺取的金額。因此,這意味着對於每個股東的1元人民幣投資,該公司可以創造0.14元人民幣的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定,ROE是一個公司未來盈利的高效測量工具。基於公司選擇重新投資或「保留」多少利潤,我們可以評估公司未來產生利潤的能力。假設其他條件相同,具有更高股本回報率和更高利潤保留比的公司通常增長速度較高,而沒有相同特徵的公司則通常增長速度較低。
A Side By Side comparison of Hubei Zhenhua ChemicalLtd's Earnings Growth And 14% ROE
湖北振華化工股份有限公司的盈利增長和14%的roe的橫向比較
At first glance, Hubei Zhenhua ChemicalLtd seems to have a decent ROE. Especially when compared to the industry average of 6.4% the company's ROE looks pretty impressive. This certainly adds some context to Hubei Zhenhua ChemicalLtd's exceptional 25% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看,湖北振華化工似乎具有相當不錯的roe。特別是與行業平均水平6.4%相比,公司的roe看起來相當令人印象深刻。這無疑給湖北振華化工過去五年中異常的25%淨利潤增長增添了一些背景。我們認爲這裏可能還有其他因素在起作用。例如,公司的派息比率較低或者被高效管理。
We then compared Hubei Zhenhua ChemicalLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 6.3% in the same 5-year period.
然後我們將湖北振華化工的淨利潤增長與行業進行了比較,很高興看到公司的增長數據比同一5年時期內行業的6.3%增長率高。
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Hubei Zhenhua ChemicalLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增長是股票估值的重要因素。投資者需要判斷的下一步是,預期的收益增長是否已經反映在股價中,或者缺乏收益增長是否已經融入股價之中。通過這樣做,他們將了解股票是朝着蔚藍波濤前進,還是即將面臨泥沼般的困境。湖北振華化工股份有限公司與其他公司相比是否定價合理?這三個估值指標可能會幫助您做出決定。
Is Hubei Zhenhua ChemicalLtd Making Efficient Use Of Its Profits?
湖北振華化學有限公司是否有效利用其利潤?
Hubei Zhenhua ChemicalLtd has a really low three-year median payout ratio of 25%, meaning that it has the remaining 75% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
湖北振華化工股份有限公司的三年中位分紅比率非常低,爲25%,這意味着其剩餘的75%可用於再投資到業務中。這表明管理層正在將大部分利潤重新投資以促進業務增長,正如公司所展示的增長所證明的那樣。
Additionally, Hubei Zhenhua ChemicalLtd has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders.
此外,湖北振華化工已經連續七年派發股息,這意味着公司非常重視與股東分享利潤。
Conclusion
結論
Overall, we are quite pleased with Hubei Zhenhua ChemicalLtd's performance. 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. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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.
總體而言,我們對湖北振華化工有限公司的業績相當滿意。特別是,我們喜歡公司以高回報率大量 reinvest into其業務。毫不奇怪,這導致了令人印象深刻的盈利增長。雖然如此,對最新分析師預測的研究顯示,該公司預計未來盈利增長將放緩。要了解更多關於該公司未來盈利增長預測的信息,請查看此公司分析師預測的免費報告以獲取更多信息。
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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。