Changchun Engley Automobile Industry Co.,Ltd. (SHSE:601279) Has Fared Decently But Fundamentals Look Uncertain: What Lies Ahead For The Stock?
Changchun Engley Automobile Industry Co.,Ltd. (SHSE:601279) Has Fared Decently But Fundamentals Look Uncertain: What Lies Ahead For The Stock?
Changchun Engley Automobile IndustryLtd's (SHSE:601279) stock is up by 4.4% over the past week. However, the company's financials look a bit inconsistent and market outcomes are ultimately driven by long-term fundamentals, meaning that the stock could head in either direction. Specifically, we decided to study Changchun Engley Automobile IndustryLtd's ROE in this article.
长春恩格利汽车工业股份有限公司(上海证券交易所代码：601279)的股票在过去一周上涨了4.4%。然而，该公司的财务状况看起来有点不一致，市场结果最终是由长期基本面驱动的，这意味着该股可能会朝着任何一个方向发展。具体地说，我们决定在本文中对长春恩格利汽车工业有限公司的净资产收益率进行研究。
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，净资产收益率显示了每一美元相对于其股东投资产生的利润。
View our latest analysis for Changchun Engley Automobile IndustryLtd
查看我们对长春恩格莱汽车工业有限公司的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率？
Return on equity can be calculated by using the formula:
股本回报率可使用以下公式计算：
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 Changchun Engley Automobile IndustryLtd is:
因此，根据上述公式，长春英利汽车工业有限公司的净资产收益率为：
3.9% = CN¥163m ÷ CN¥4.2b (Based on the trailing twelve months to June 2023).
3.9%=1.63亿元×42亿元(以截至2023年6月的12个月为基础)。
The 'return' is the yearly profit. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.04 in profit.
“回报”就是年度利润。一种概念化的方法是，公司每拥有1元人民币的股东资本，就会获得0.04元人民币的利润。
Why Is ROE Important For Earnings Growth?
为什么净资产收益率对收益增长很重要？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
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。根据公司将这些利润再投资或“保留”多少，以及这样做的效率如何，我们就能够评估一家公司的收益增长潜力。一般来说，在其他条件相同的情况下，股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
Changchun Engley Automobile IndustryLtd's Earnings Growth And 3.9% ROE
长春英利汽车工业有限公司盈利增长3.9%净资产收益率
As you can see, Changchun Engley Automobile IndustryLtd's ROE looks pretty weak. Even compared to the average industry ROE of 7.6%, the company's ROE is quite dismal. Given the circumstances, the significant decline in net income by 21% seen by Changchun Engley Automobile IndustryLtd over the last five years is not surprising. However, there could also be other factors causing the earnings to decline. Such as - low earnings retention or poor allocation of capital.
正如你所看到的，长春恩格利汽车工业有限公司的净资产收益率看起来相当疲软。即使与行业平均7.6%的净资产收益率相比，该公司的净资产收益率也相当惨淡。在这种情况下，长春英利汽车工业有限公司在过去五年中净收入大幅下降21%也就不足为奇了。然而，也可能有其他因素导致收益下降。例如-低收益留存或资本分配不佳。
However, when we compared Changchun Engley Automobile IndustryLtd's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 3.6% in the same period. This is quite worrisome.
然而，当我们将长春恩格利汽车工业有限公司的增长与行业进行比较时发现，尽管该公司的收益一直在缩水，但同期该行业的收益增长了3.6%。这相当令人担忧。
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Changchun Engley Automobile IndustryLtd is trading on a high P/E or a low P/E, relative to its industry.
盈利增长是评估一只股票时需要考虑的一个重要指标。对于投资者来说，重要的是知道市场是否已经消化了公司预期的收益增长(或下降)。这样做将有助于他们确定该股的未来看起来是光明的还是不祥的。衡量预期收益增长的一个很好的指标是市盈率，它根据一只股票的盈利前景决定市场愿意为其支付的价格。因此，你可能想看看长春英利汽车工业有限公司相对于其所在行业的市盈率是高还是低。
Is Changchun Engley Automobile IndustryLtd Efficiently Re-investing Its Profits?
长春英利汽车工业有限公司是否有效地将利润进行了再投资？
While the company did payout a portion of its dividend in the past, it currently doesn't pay a dividend. This implies that potentially all of its profits are being reinvested in the business.
虽然该公司过去确实支付了一部分股息，但目前它不支付股息。这意味着，它的所有利润可能都将再投资于该业务。
Summary
摘要
Overall, we have mixed feelings about Changchun Engley Automobile IndustryLtd. Even though it appears to be retaining most of its profits, given the low ROE, investors may not be benefitting from all that reinvestment after all. The low earnings growth suggests our theory correct. Wrapping up, we would proceed with caution with this company and one way of doing that would be to look at the risk profile of the business. Our risks dashboard will have the 1 risk we have identified for Changchun Engley Automobile IndustryLtd.
总体而言，我们对长春恩格利汽车工业有限公司的感受复杂。尽管它似乎保留了大部分利润，但鉴于净资产收益率较低，投资者可能终究不会从所有这些再投资中受益。低收益增长率表明我们的理论是正确的。总而言之，我们将谨慎对待这家公司，其中一种方法是查看业务的风险概况。我们的风险仪表板将具有我们为长春英利汽车工业有限公司确定的1个风险。
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。