Shenzhen Capol International & Associatesco.,Ltd's (SZSE:002949) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Shenzhen Capol International & Associatesco.,Ltd's (SZSE:002949) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Most readers would already be aware that Shenzhen Capol International & Associatesco.Ltd's (SZSE:002949) stock increased significantly by 100% over the past three months. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. Particularly, we will be paying attention to Shenzhen Capol International & Associatesco.Ltd's ROE today.
大多數讀者已經意識到,深圳嘉寶國際有限公司(深圳證券交易所:002949)的股票在過去三個月中大幅上漲了100%。但是該公司的關鍵財務指標似乎各不相同,這使我們質疑該公司目前的股價勢頭是否可以維持。特別是,我們今天將關注深圳Capol International & Associatesco.Ltd的投資回報率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或投資回報率是對公司價值增長和管理投資者資金的有效性的考驗。換句話說,它揭示了該公司成功地將股東投資轉化爲利潤。
How Is ROE Calculated?
投資回報率是如何計算的?
The formula for return on equity is:
股本回報率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營)÷ 股東權益
So, based on the above formula, the ROE for Shenzhen Capol International & Associatesco.Ltd is:
因此,根據上述公式,深圳Capol International & Associatesco.Ltd的投資回報率爲:
9.9% = CN¥158m ÷ CN¥1.6b (Based on the trailing twelve months to September 2024).
9.9% = 15800萬元人民幣 ÷ 16元人民幣(基於截至2024年9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¥0.10 in profit.
「回報」 是企業在過去一年中獲得的收入。這意味着,每獲得價值1元人民幣的股東權益,該公司就會產生0.10元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
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,投資回報率是衡量公司盈利能力的指標。根據公司選擇再投資或 「保留」 的利潤金額,我們隨後能夠評估公司未來的盈利能力。假設其他條件相同,與不具有相同特徵的公司相比,既有更高股本回報率又更高利潤保留率的公司通常是增長率更高的公司。
Shenzhen Capol International & Associatesco.Ltd's Earnings Growth And 9.9% ROE
深圳Capol International & Associatesco.Ltd的收益增長和9.9%的投資回報率
When you first look at it, Shenzhen Capol International & Associatesco.Ltd's ROE doesn't look that attractive. Although a closer study shows that the company's ROE is higher than the industry average of 6.6% which we definitely can't overlook. But seeing Shenzhen Capol International & Associatesco.Ltd's five year net income decline of 2.1% over the past five years, we might rethink that. Bear in mind, the company does have a slightly low ROE. It is just that the industry ROE is lower. Therefore, the decline in earnings could also be the result of this.
當你第一次看時,深圳嘉寶國際律師事務所有限公司的投資回報率看起來並不那麼吸引人。儘管一項更仔細的研究表明,該公司的投資回報率高於行業平均水平的6.6%,但我們絕對不能忽視。但是,鑑於深圳Capol International & Associatesco.Ltd的五年淨收入在過去五年中下降了2.1%,我們可能會重新考慮這個問題。請記住,該公司的投資回報率確實略低。只是行業的投資回報率較低。因此,收入下降也可能是由此造成的。
However, when we compared Shenzhen Capol International & Associatesco.Ltd's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 3.5% in the same period. This is quite worrisome.
但是,當我們將深圳Capol International & Associatesco.Ltd的增長與該行業的增長進行比較時,我們發現,儘管該公司的收益一直在萎縮,但該行業同期的收益增長了3.5%。這非常令人擔憂。
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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is 002949 fairly valued? This infographic on the company's intrinsic value has everything you need to know.
收益增長是對股票進行估值時要考慮的重要指標。對於投資者來說,重要的是要知道市場是否對公司的預期收益增長(或下降)進行了定價。通過這樣做,他們將知道股票是走向清澈的藍色海水還是沼澤水域在等着呢。002949 估值合理嗎?這張關於公司內在價值的信息圖包含了你需要知道的一切。
Is Shenzhen Capol International & Associatesco.Ltd Using Its Retained Earnings Effectively?
深圳Capol International & Associatesco.Ltd是否在有效使用其留存收益?
With a high three-year median payout ratio of 55% (implying that 45% of the profits are retained), most of Shenzhen Capol International & Associatesco.Ltd's profits are being paid to shareholders, which explains the company's shrinking earnings. With only very little left to reinvest into the business, growth in earnings is far from likely.
深圳Capol International & Associatesco.Ltd的三年中位派息率很高,爲55%(這意味着保留了45%的利潤),其大部分利潤都支付給了股東,這解釋了該公司收益萎縮的原因。由於對該業務的再投資所剩無幾,收益增長的可能性很小。
In addition, Shenzhen Capol International & Associatesco.Ltd has been paying dividends over a period of six years suggesting that keeping up dividend payments is preferred by the management even though earnings have been in decline.
此外,深圳Capol International & Associatesco.Ltd在六年內一直在派發股息,這表明儘管收益有所下降,但管理層仍傾向於繼續支付股息。
Conclusion
結論
In total, we're a bit ambivalent about Shenzhen Capol International & Associatesco.Ltd's performance. Primarily, we are disappointed to see a lack of growth in earnings even in spite of a moderate ROE. Bear in mind, the company reinvests a small portion of its profits, which explains the lack of growth. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們對深圳Capol International & Associatesco.Ltd的表現有點矛盾。首先,儘管投資回報率適中,但我們對收益仍缺乏增長感到失望。請記住,該公司將一小部分利潤進行再投資,這解釋了增長不足的原因。話雖如此,我們研究了分析師的最新預測,發現儘管該公司過去曾縮減收益,但分析師預計其未來收益將增長。要詳細了解分析師對公司的最新預測,請查看該公司的分析師預測的可視化。
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Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。