Is Weakness In Henan Lantian Gas Co.,Ltd. (SHSE:605368) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Henan Lantian Gas Co.,Ltd. (SHSE:605368) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Henan Lantian GasLtd (SHSE:605368) has had a rough three months with its share price down 8.5%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Henan Lantian GasLtd's ROE.
Henan Lantian GasLtd (SHSE:605368) 過去三個月股價下跌了8.5%。然而,股價通常受公司長期的財務表現驅動,在這種情況下看起來相當有前景。在本文中,我們決定關注 Henan Lantian GasLtd 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. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE(淨資產收益率)是股東需考慮的一個重要因素,因爲它告訴他們資本被有效地再投資的效果如何。換句話說,它揭示了公司將股東的投資轉化爲利潤的成功程度。
How Is ROE Calculated?
淨資產收益率怎麼計算?
ROE can be calculated by using the formula:
roe可以通過以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤(來自持續經營) ÷ 股東權益
So, based on the above formula, the ROE for Henan Lantian GasLtd is:
所以,根據上述公式,河南藍田燃氣有限公司的roe爲:
17% = CN¥620m ÷ CN¥3.7b (Based on the trailing twelve months to June 2024).
17% = 62000萬人民幣 ÷ 37億人民幣 (基於截至2024年6月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.17 in profit.
『回報』是指過去十二個月稅後賺取的金額。另一種思考方式是,對於每1人民幣的淨資產,公司能夠賺取0.17人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係?
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. 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指標。我們現在需要評估公司重新投資或「保留」的利潤量,從而給我們提供有關公司增長潛力的想法。其他條件相同的情況下,roe和利潤保留率均較高的公司通常是增長率比沒有這些特徵的公司高的公司。
Henan Lantian GasLtd's Earnings Growth And 17% ROE
Henan Lantian GasLtd's Earnings Growth And 17% ROE
At first glance, Henan Lantian GasLtd seems to have a decent ROE. On comparing with the average industry ROE of 10% the company's ROE looks pretty remarkable. Probably as a result of this, Henan Lantian GasLtd was able to see a decent growth of 16% over the last five years.
At first glance, Henan Lantian GasLtd seems to have a decent ROE. On comparing with the average industry ROE of 10% the company's ROE looks pretty remarkable. Probably as a result of this, Henan Lantian GasLtd was able to see a decent growth of 16% over the last five years.
Next, on comparing with the industry net income growth, we found that Henan Lantian GasLtd's growth is quite high when compared to the industry average growth of 9.6% in the same period, which is great to see.
Next, on comparing with the industry net income growth, we found that Henan Lantian GasLtd's growth is quite high when compared to the industry average growth of 9.6% in the same period, which is great to see.
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. 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 Henan Lantian GasLtd is trading on a high P/E or a low P/E, relative to its industry.
公司估值的基礎在很大程度上取決於其盈利增長。投資者需要進一步判斷的是,預期的盈利增長,或者其缺失,是否已經融入股價之中。這樣做將有助於他們判斷股票的未來是光明還是黑暗。預期盈利增長的一個良好指標是市盈率,它根據盈利前景確定市場願意爲股票支付的價格。因此,您可能需要檢查一下,相對於其行業,河南藍天天然氣股份有限公司是交易於高市盈率還是低市盈率。
Is Henan Lantian GasLtd Efficiently Re-investing Its Profits?
河南藍天天然氣股份有限公司是否高效地重新投資其利潤?
The high three-year median payout ratio of 81% (or a retention ratio of 19%) for Henan Lantian GasLtd suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
河南藍天天然氣股份有限公司的高三年中值分紅比率爲81%(或留存比率爲19%),這表明儘管公司將大部分收入返還股東,但其增長並未受到實質阻礙。
Besides, Henan Lantian GasLtd 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,河南藍天天然氣股份有限公司已連續三年支付股息。這顯示公司致力於與股東分享利潤。
Summary
總結
In total, we are pretty happy with Henan Lantian GasLtd's performance. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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,我們對河南藍天燃氣有限公司的表現感到非常滿意。特別是,其高roe是相當引人注目的,也是其可觀盈利增長背後的可能解釋。然而,該公司仍保留了部分利潤。這意味着儘管如此,該公司仍能實現盈利增長,因此情況並不太糟糕。話雖如此,最新的行業分析師預測顯示該公司的盈利增長預計將放緩。要了解更多關於該公司未來盈利增長預測的信息,請查看關於該公司分析師預測的免費報告。
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。