Could The Market Be Wrong About Shenzhen Yinghe Technology Co., Ltd (SZSE:300457) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About Shenzhen Yinghe Technology Co., Ltd (SZSE:300457) Given Its Attractive Financial Prospects?
It is hard to get excited after looking at Shenzhen Yinghe Technology's (SZSE:300457) recent performance, when its stock has declined 15% over the past week. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. In this article, we decided to focus on Shenzhen Yinghe Technology's ROE.
在看到深圳盈和科技(SZSE:300457)最近的表現後,很難感到興奮,其股價在過去一週裡下跌了15%。但如果你仔細觀察,你可能會猜到,它強勁的財務狀況可能意味著,考慮到市場通常會獎勵財務狀況良好的公司,該股可能會在長期內增值。在本文中,我們決定將重點放在深圳盈和科技的ROE上。
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(ROE)是用來評估公司管理層利用公司資本效率的關鍵指標。簡而言之,它衡量的是一家公司相對於股東權益的盈利能力。
View our latest analysis for Shenzhen Yinghe Technology
查看我們對深圳盈和科技的最新分析
How To Calculate Return On Equity?
如何計算股本回報率?
The formula for return on equity is:
這個股本回報率公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤?股東權益
So, based on the above formula, the ROE for Shenzhen Yinghe Technology is:
因此,根據上述公式,深圳盈和科技的淨資產收益率為:
12% = CN¥733m ÷ CN¥6.1b (Based on the trailing twelve months to June 2023).
12%=7.33億元×61億元(以截至2023年6月的12個月為基礎)。
The 'return' is the yearly profit. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.12 in profit.
“回報”就是年度利潤。這意味著,每增加價值1元的股東權益,公司就會產生0.12元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
淨資產收益率與盈利增長之間有什麼關係?
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. 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.
我們已經證實,淨資產收益率是一家公司未來收益的有效盈利指標。根據公司將這些利潤再投資或“保留”多少,以及這樣做的效率如何,我們就能夠評估一家公司的收益增長潛力。假設其他條件相同,與沒有相同特徵的公司相比,擁有更高股本回報率和更高利潤保留率的公司通常會有更高的增長率。
Shenzhen Yinghe Technology's Earnings Growth And 12% ROE
深圳盈和科技盈利增長及淨資產收益率12%
To begin with, Shenzhen Yinghe Technology seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 7.8%. This certainly adds some context to Shenzhen Yinghe Technology's decent 13% net income growth seen over the past five years.
首先,深圳盈和科技似乎擁有令人尊敬的淨資產收益率。此外,該公司的淨資產收益率(ROE)與7.8%的行業平均水準相比相當有利。這無疑為深圳盈和科技在過去五年中實現了13%的可觀淨利潤增長增添了一些背景。
Next, on comparing Shenzhen Yinghe Technology's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 12% over the last few years.
接下來,將深圳盈和科技的淨收入增長與行業進行比較,我們發現該公司報告的增長與過去幾年12%的行業平均增長率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231012/0-42cb363a78e1226851f4b61b75b81d81-0-7c2a36ab953b61d6700c9792efe0b046.png/big)
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. Is Shenzhen Yinghe Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增長是股票估值的一個重要因素。對於投資者來說,重要的是知道市場是否已經消化了公司預期的收益增長(或下降)。這有助於他們確定這只股票是為光明還是黯淡的未來做準備。與其他公司相比,深圳盈和科技的估值是否公平?這3個估值指標可能會幫助你做出決定。
Is Shenzhen Yinghe Technology Efficiently Re-investing Its Profits?
深圳盈和科技是否有效地將利潤進行了再投資?
Shenzhen Yinghe Technology's three-year median payout ratio to shareholders is 21% (implying that it retains 79% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
深圳盈和科技三年向股東派息的中位數比率為21%(意味著它保留了79%的收入),這一比率處於較低水準,因此管理層似乎在大舉投資利潤以增長業務。
Moreover, Shenzhen Yinghe Technology is determined to keep sharing its profits with shareholders which we infer from its long history of eight years of paying a dividend.
此外,深圳盈和科技決心繼續與股東分享利潤,這是我們從其長達八年的派息歷史中推斷出來的。
Summary
摘要
On the whole, we feel that Shenzhen Yinghe Technology's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
整體而言,我們覺得深圳盈和科技的表現相當不錯。特別是,很高興看到該公司在業務上投入了大量資金,並獲得了高回報率,這導致了其收益的可觀增長。話雖如此,但從目前分析師的預估來看,我們發現該公司的盈利勢頭有望增強。要了解更多分析師對該公司的最新預測,請查看分析師對該公司預測的可視化。
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本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.