Are Strong Financial Prospects The Force That Is Driving The Momentum In Novoray Corporation's SHSE:688300) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In Novoray Corporation's SHSE:688300) Stock?
Novoray's (SHSE:688300) stock is up by a considerable 57% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Novoray's ROE today.
Novoray(SHSE:688300)的股票在過去三個月內上漲了57%。由於市場會在長期開多強勁的財務數據,我們想知道這是否也是這種情況。特別是,我們今天將關注Novoray的ROE。
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.
股東權益回報率(ROE)是測試公司如何有效地增加其價值和管理投資者資金的指標。換句話說,它揭示了公司將股東投資轉化爲利潤的成功程度。
How Do You Calculate Return On Equity?
如何計算股本回報率?
The formula for ROE is:
ROE的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股東權益回報率 = 凈利潤(來自持續運營)÷ 股東權益
So, based on the above formula, the ROE for Novoray is:
因此,根據上述公式,Novoray的ROE爲:
16% = CN¥234m ÷ CN¥1.4b (Based on the trailing twelve months to September 2024).
16% = CN¥23400萬 ÷ CN¥14億(基於截至2024年9月的最近十二個月)。
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¥0.16 in profit.
「回報」是指過去十二個月稅後獲得的金額。另一種理解方式是,對於每1元人民幣的股權,公司能夠賺取0.16元人民幣的利潤。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
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 是公司未來盈利的有效利潤生成指標。根據公司選擇留存或「保留」的利潤,我們能夠評估公司未來產生利潤的能力。在其他條件相同的情況下,擁有更高權益回報率和利潤留存的公司通常比較沒有這些特徵的公司具有更高的增長率。
Novoray's Earnings Growth And 16% ROE
Novoray的盈利增長和16%的ROE
To begin with, Novoray seems to have a respectable ROE. On comparing with the average industry ROE of 6.2% the company's ROE looks pretty remarkable. This probably laid the ground for Novoray's moderate 19% net income growth seen over the past five years.
首先,Novoray似乎擁有一個可觀的ROE。與行業平均ROE 6.2%相比,該公司的ROE看起來相當出色。這爲Novoray在過去五年中表現出的19%的凈利潤增長打下了基礎。
We then compared Novoray'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 4.9% in the same 5-year period.
我們隨後將Novoray的凈利潤增長與行業進行了比較,很高興看到該公司的增長數據高於行業,而行業在同樣的五年期間內的增長率爲4.9%。

Earnings growth is a huge factor in stock valuation. 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. If you're wondering about Novoray's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是股票估值中的一個重要因素。投資者了解市場是否已經考慮了公司的預期盈利增長(或下降)非常重要。這有助於他們判斷股票的未來是光明還是暗淡。如果你想了解Novoray的估值,可以查看它與行業相比的市盈率。
Is Novoray Using Its Retained Earnings Effectively?
Novoray是否有效地利用其留存收益?
With a three-year median payout ratio of 31% (implying that the company retains 69% of its profits), it seems that Novoray is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
根據三年期的中位派息比率爲31%(這意味着公司保留了69%的利潤),看來Novoray正在以有效的方式進行再投資,從而在盈利中看到可觀的增長,並支付覆蓋良好的分紅。
Additionally, Novoray has paid dividends over a period of five years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 22% over the next three years. The fact that the company's ROE is expected to rise to 20% over the same period is explained by the drop in the payout ratio.
此外,Novoray在五年內支付了分紅,這意味着該公司非常認真地與股東分享其利潤。根據最新的分析師共識數據,我們發現公司未來的派息比率預計在接下來的三年內將降至22%。由於派息比率的下降,公司ROE預計在同一時期內將上升到20%。
Summary
總結
In total, we are pretty happy with Novoray'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, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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Novoray的表現非常滿意。尤其是,我們喜歡公司在其業務中進行大量再投資,並且回報率很高。不出所料,這導致了令人印象深刻的盈利增長。儘管如此,最新的分析師預測顯示,公司將繼續看到其盈利的擴張。要了解更多關於公司最新分析師預測的信息,請查看此公司分析師預測的可視化圖。
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這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。