PropNex Limited's (SGX:OYY) Stock Is Going Strong: Is the Market Following Fundamentals?
PropNex Limited's (SGX:OYY) Stock Is Going Strong: Is the Market Following Fundamentals?
PropNex (SGX:OYY) has had a great run on the share market with its stock up by a significant 27% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to PropNex's ROE today.
PropNex(SGX: OYY)在股市表現良好,其股票在過去三個月中大幅上漲了27%。由於市場通常爲公司的長期基本面付出代價,因此我們決定研究該公司的關鍵業績指標,看看它們是否會影響市場。特別是,我們今天將關注PropNex的投資回報率。
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. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或投資回報率是股東需要考慮的重要因素,因爲它可以告訴他們資本再投資的有效性。簡而言之,投資回報率顯示了每美元從其股東投資中產生的利潤。
See our latest analysis for PropNex
查看我們對PropNex的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for ROE is:
這個 投資回報率公式 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 PropNex is:
因此,根據上述公式,PropNex的投資回報率爲:
52% = S$65m ÷ S$126m (Based on the trailing twelve months to December 2022).
52% = 6500萬新元 ÷ 1.26億新元(基於截至2022年12月的過去十二個月)。
The 'return' is the yearly profit. So, this means that for every SGD1 of its shareholder's investments, the company generates a profit of SGD0.52.
“回報” 是每年的利潤。因此,這意味着其股東每投資1新加坡元,公司就會產生0.52新加坡元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有甚麼關係?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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盈利指標。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
PropNex's Earnings Growth And 52% ROE
PropNex 的收益增長和 52% 的投資回報率
To begin with, PropNex has a pretty high ROE which is interesting. Second, a comparison with the average ROE reported by the industry of 5.5% also doesn't go unnoticed by us. So, the substantial 31% net income growth seen by PropNex over the past five years isn't overly surprising.
首先,PropNex的投資回報率相當高,這很有趣。其次,與行業報告的平均投資回報率5.5%的比較也不會被我們忽視。因此,PropNex在過去五年中實現了31%的可觀淨收入增長並不令人驚訝。
When you consider the fact that the industry earnings have shrunk at a rate of 2.9% in the same period, the company's net income growth is pretty remarkable.
考慮到同期該行業收益以2.9%的速度萎縮這一事實,該公司的淨收入增長相當顯著。
![past-earnings-growth](https://usnewsfile.moomoo.com/pic/0-944b1f8e2368e1b7329ab0e6ccbc14b7-0-b3701ce736715adad0397aae0085b3bb.png/big)
Earnings growth is a huge factor in stock valuation. 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. If you're wondering about PropNex's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值的重要因素。無論如何,投資者應努力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爲光明的還是暗淡的未來準備的。如果你想知道PropNex的估值,可以看看這個衡量其市盈率與行業相比的指標。
Is PropNex Efficiently Re-investing Its Profits?
PropNex 能否有效地將其利潤再投資?
PropNex's significant three-year median payout ratio of 71% (where it is retaining only 29% of its income) suggests that the company has been able to achieve a high growth in earnings despite returning most of its income to shareholders.
PropNex的三年中位支付率高達71%(僅保留收入的29%),這表明儘管將大部分收入返還給了股東,但該公司仍能夠實現收益的高增長。
Additionally, PropNex has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 81%. Still, forecasts suggest that PropNex's future ROE will drop to 35% even though the the company's payout ratio is not expected to change by much.
此外,PropNex在四年內支付了股息,這意味着該公司非常認真地與股東分享利潤。我們最新的分析師數據顯示,該公司未來三年的派息率預計約爲81%。儘管如此,預測表明,儘管PropNex的派息率預計不會有太大變化,但該公司的未來投資回報率仍將降至35%。
Summary
摘要
On the whole, we feel that PropNex's performance has been quite good. Especially the high ROE, Which has contributed to the impressive growth seen in earnings. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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.
總的來說,我們覺得PropNex的表現相當不錯。尤其是高投資回報率,這促成了收益的驚人增長。儘管該公司僅將其利潤的一小部分再投資,但它仍然設法增加了收益,因此這是可觀的。既然如此,一項針對分析師最新預測的研究表明,預計該公司未來的收益增長將放緩。要進一步瞭解公司未來的收益增長預測,請看這個 免費的 報告分析師對公司的預測,以瞭解更多信息。
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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一般性的。 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,我們的文章無意提供財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能未將最新的價格敏感型公司公告或定性材料考慮在內。簡而言之,華爾街對上述任何股票都沒有頭寸。