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Is Inner Mongolia Yuan Xing Energy Company Limited's (SZSE:000683) Recent Stock Performance Tethered To Its Strong Fundamentals?

Is Inner Mongolia Yuan Xing Energy Company Limited's (SZSE:000683) Recent Stock Performance Tethered To Its Strong Fundamentals?

內蒙古遠興能源有限公司(深圳證券交易所代碼:000683)最近的股票表現是否與其強勁的基本面相聯繫?
Simply Wall St ·  12/20 13:21

Most readers would already be aware that Inner Mongolia Yuan Xing Energy's (SZSE:000683) stock increased significantly by 12% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Inner Mongolia Yuan Xing Energy's ROE in this article.

大多數讀者已經意識到,內蒙古元興能源(深圳證券交易所代碼:000683)的股票在過去三個月中大幅上漲了12%。鑑於公司的出色表現,我們決定更仔細地研究其財務指標,因爲公司的長期財務狀況通常決定市場業績。具體而言,我們決定在本文中研究內蒙古元興能源的投資回報率。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵衡量標準。簡而言之,它衡量公司相對於股東權益的盈利能力。

How Do You Calculate Return On Equity?

你如何計算股本回報率?

ROE can be calculated by using the formula:

ROE 可以通過使用以下公式計算:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股本回報率 = 凈利潤(來自持續經營)÷ 股東權益

So, based on the above formula, the ROE for Inner Mongolia Yuan Xing Energy is:

因此,根據上述公式,內蒙古元興能源的投資回報率爲:

15% = CN¥3.0b ÷ CN¥19b (Based on the trailing twelve months to September 2024).

15% = 30元人民幣 ÷ 190元人民幣(基於截至2024年9月的過去十二個月)。

The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.15.

「回報」 是指公司去年的收益。因此,這意味着該公司每投資1元人民幣,就會產生0.15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?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.

我們已經確定,投資回報率是衡量公司未來收益的有效利潤指標。我們現在需要評估公司再投資或 「保留」 了多少利潤以用於未來的增長,這樣我們就可以了解公司的增長潛力。一般而言,在其他條件相同的情況下,股本回報率和利潤保留率高的公司比不具備這些屬性的公司的增長率更高。

A Side By Side comparison of Inner Mongolia Yuan Xing Energy's Earnings Growth And 15% ROE

內蒙古元興能源的收益增長和15%的投資回報率的並排比較

To begin with, Inner Mongolia Yuan Xing Energy seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 6.2%. Probably as a result of this, Inner Mongolia Yuan Xing Energy was able to see a decent growth of 18% over the last five years.

首先,內蒙古元興能源的投資回報率似乎不錯。此外,該公司的投資回報率與行業平均水平的6.2%相比相當不錯。可能正因爲如此,內蒙古元興能源在過去五年中實現了18%的可觀增長。

As a next step, we compared Inner Mongolia Yuan Xing Energy's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 4.9%.

下一步,我們將內蒙古元興能源的淨收入增長與該行業進行了比較,令人高興的是,我們發現該公司的增長高於行業平均增長4.9%。

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SZSE:000683 Past Earnings Growth December 20th 2024
SZSE: 000683 過去的收益增長 2024年12月20日

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is 000683 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。無論如何,投資者應設法確定預期的收益增長或下降是否已計入其中。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。000683 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 Inner Mongolia Yuan Xing Energy Using Its Retained Earnings Effectively?

內蒙古元興能源是否在有效使用其留存收益?

Inner Mongolia Yuan Xing Energy's three-year median payout ratio to shareholders is 24% (implying that it retains 76% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.

內蒙古元興能源的三年股東派息率中位數爲24%(這意味着它保留了收入的76%),處於較低水平,因此管理層似乎正在大量再投資利潤以發展業務。

Besides, Inner Mongolia Yuan Xing Energy has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 46% over the next three years. However, the company's ROE is not expected to change by much despite the higher expected payout ratio.

此外,內蒙古元興能源已經派發了至少十年或更長時間的股息。這表明該公司致力於與股東分享利潤。從目前的分析師共識數據來看,我們可以看出,該公司的未來派息率預計將在未來三年內升至46%。但是,儘管預期的派息率較高,但該公司的投資回報率預計不會有太大變化。

Conclusion

結論

Overall, we are quite pleased with Inner Mongolia Yuan Xing Energy's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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,我們對內蒙古元興能源的表現感到非常滿意。具體而言,我們喜歡該公司以高回報率再投資其利潤的很大一部分。當然,這導致該公司的收益大幅增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益有望增強。要了解有關公司未來收益增長預測的更多信息,請查看這份關於分析師預測的免費報告,以了解更多信息。

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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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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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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