Jiangxi JDL Environmental Protection Co., Ltd.'s (SHSE:688057) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Jiangxi JDL Environmental Protection Co., Ltd.'s (SHSE:688057) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
With its stock down 9.7% over the past week, it is easy to disregard Jiangxi JDL Environmental Protection (SHSE:688057). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Jiangxi JDL Environmental Protection's ROE in this article.
过去一周，江西京东环保的股价下跌了9.7%，人们很容易忽视江西京东环保(上证号：688057)。然而，该公司的基本面看起来相当不错，长期财务状况通常与未来的市场价格走势保持一致。具体地说，我们决定在本文中研究江西京东环保的净资产收益率。
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或净资产收益率是股东要考虑的一个重要因素，因为它告诉他们他们的资本再投资的效率。简而言之，它是用来评估一家公司相对于其权益资本的盈利能力。
See our latest analysis for Jiangxi JDL Environmental Protection
请看我们对江西京东环保的最新分析
How Is ROE Calculated?
净资产收益率是如何计算的？
The formula for return on equity is:
这个股本回报率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Jiangxi JDL Environmental Protection is:
因此，根据上述公式，江西京东环保的净资产收益率为：
8.1% = CN¥255m ÷ CN¥3.1b (Based on the trailing twelve months to September 2022).
8.1%=CN元2.55亿×CN元31亿元(基于截至2022年9月的12个月)。
The 'return' is the yearly profit. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.08 in profit.
“回报”就是年度利润。这意味着，股东权益每增加1元，公司就会产生0.08元的利润。
What Is The Relationship Between ROE And Earnings Growth?
净资产收益率与盈利增长之间有什么关系？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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 everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前为止，我们已经了解到净资产收益率衡量的是一家公司创造利润的效率。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。假设其他条件不变，净资产收益率和利润保留率越高，与不一定具有这些特征的公司相比，公司的增长率就越高。
Jiangxi JDL Environmental Protection's Earnings Growth And 8.1% ROE
江西京东环保盈利增长8.1%净资产收益率
When you first look at it, Jiangxi JDL Environmental Protection's ROE doesn't look that attractive. Yet, a closer study shows that the company's ROE is similar to the industry average of 7.9%. Having said that, Jiangxi JDL Environmental Protection has shown a modest net income growth of 16% over the past five years. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. Such as - high earnings retention or an efficient management in place.
乍一看，江西京东环保的净资产收益率看起来并没有那么诱人。然而，一项更仔细的研究表明，该公司的净资产收益率与7.9%的行业平均水平相似。话虽如此，江西京东环保在过去五年中呈现出16%的温和净收入增长。考虑到净资产收益率不是特别高，我们认为也可能有其他因素在发挥作用，可能正在影响公司的增长。例如-高收益留存或有效的管理到位。
We then compared Jiangxi JDL Environmental Protection'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 12% in the same period.
然后，我们将江西京东环保的净收入增长与行业进行了比较，我们很高兴地看到，与同期12%的行业增长率相比，该公司的增长数字更高。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Jiangxi JDL Environmental Protection's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
赋予一家公司价值的基础在很大程度上与其盈利增长挂钩。投资者应该尝试确定预期的收益增长或下降是否已计入价格，无论是哪种情况。通过这样做，他们将知道股票是将进入清澈的蓝色水域，还是等待沼泽水域。如果你想知道江西京东环保的估值，看看这个市盈率指标，看看它与行业的对比。
Is Jiangxi JDL Environmental Protection Using Its Retained Earnings Effectively?
江西京东环保有效利用留存收益吗？
The high three-year median payout ratio of 59% (or a retention ratio of 41%) for Jiangxi JDL Environmental Protection suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
江西京东环保高达59%的三年中值派息率(或41%的留存比率)表明，尽管该公司将大部分收入返还给股东，但该公司的增长并未受到真正的阻碍。
While Jiangxi JDL Environmental Protection has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend.
尽管江西京东环保的盈利一直在增长，但它最近才开始分红，这可能意味着该公司决定用分红给新股东和现有股东留下深刻印象。
Summary
摘要
In total, it does look like Jiangxi JDL Environmental Protection has some positive aspects to its business. Namely, its high earnings growth. We do however feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings and paid out less dividends. Up till now, we've only made a short study of the company's growth data. So it may be worth checking this free detailed graph of Jiangxi JDL Environmental Protection's past earnings, as well as revenue and cash flows to get a deeper insight into the company's performance.
总体而言，看起来江西京东环保确实有一些积极的方面。也就是说，它的高收益增长。然而，我们确实认为，如果该公司将更多的收益进行再投资，减少派息，收益增长数字可能会更高。到目前为止，我们只对该公司的增长数据进行了简短的研究。所以也许有必要检查一下免费 详细图表了解江西京东环保过去的收益，以及收入和现金流，以更深入地洞察公司的业绩。
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