Guobo Electronics Co., Ltd. (SHSE:688375) On An Uptrend: Could Fundamentals Be Driving The Stock?
Guobo Electronics Co., Ltd. (SHSE:688375) On An Uptrend: Could Fundamentals Be Driving The Stock?
Guobo Electronics' (SHSE:688375) stock up by 8.0% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Guobo Electronics' ROE in this article.
國博電子(上海證券交易所代碼:688375)的股票在過去三個月裡上漲了8.0%。我們想知道,由於一家公司的長期基本面通常決定著市場結果,該公司的財務狀況是否以及在價格變化中扮演了什麼角色。具體地說,我們決定在本文中研究國博電子的淨資產收益率。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
淨資產收益率,即股本回報率,是評估一家公司從股東那裡獲得投資回報的有效程度的有用工具。簡而言之,淨資產收益率顯示了每一美元相對於其股東投資產生的利潤。
See our latest analysis for Guobo Electronics
查看我們對國博電子的最新分析
How To Calculate Return On Equity?
如何計算股本回報率?
ROE can be calculated by using the formula:
可使用以下公式計算淨資產收益率:
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 Guobo Electronics is:
因此,根據上述公式,國博電子的淨資產收益率為:
9.5% = CN¥567m ÷ CN¥5.9b (Based on the trailing twelve months to June 2023).
9.5%=5.67億元×59億元(以截至2023年6月的12個月為基礎)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.10 in profit.
“回報”指的是企業在過去一年中獲得的收入。另一種說法是,公司每持有價值1元的股權,就能賺取0.10元的利潤。
Why Is ROE Important For Earnings Growth?
為什麼淨資產收益率對收益增長很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前為止,我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。我們現在需要評估公司將多少利潤再投資或“保留”用於未來的增長,這就讓我們對公司的增長潛力有了一個瞭解。一般來說,在其他條件相同的情況下,股本回報率和利潤留存較高的公司比不具備這些特徵的公司有更高的增長率。
A Side By Side comparison of Guobo Electronics' Earnings Growth And 9.5% ROE
國博電子盈利增長與淨資產收益率9.5%的並列比較
When you first look at it, Guobo Electronics' ROE doesn't look that attractive. However, the fact that the its ROE is quite higher to the industry average of 5.6% doesn't go unnoticed by us. This probably goes some way in explaining Guobo Electronics' moderate 15% growth over the past five years amongst other factors. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Therefore, the growth in earnings could also be the result of other factors. Such as- high earnings retention or the company belonging to a high growth industry.
乍一看,國博電子的淨資產收益率看起來並沒有那麼誘人。然而,ITS的淨資產收益率(ROE)遠遠高於5.6%的行業平均水準,這一事實並不是沒有引起我們的注意。這可能在一定程度上解釋了國博電子在過去五年中實現15%的溫和增長,以及其他因素。請記住,該公司的淨資產收益率(ROE)確實較低。只是行業的淨資產收益率較低。因此,收益的增長也可能是其他因素的結果。例如-高收益留存或公司屬於高增長行業。
As a next step, we compared Guobo Electronics' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 29% in the same period.
作為下一步,我們將國博電子的淨收入增長與行業進行了比較,失望地看到該公司的增長低於同期29%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231019/0-fdffab5e9e9692f10e04e1e6d4296cff-0-eed0da1606ddc1adf458e9b67441cde6.png/big)
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. 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 Guobo Electronics''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是評估一隻股票時需要考慮的一個重要指標。投資者應該嘗試確定預期的收益增長或下降是否已計入價格,無論是哪種情況。通過這樣做,他們將知道股票是將進入清澈的藍色水域,還是等待沼澤水域。如果你想知道國博電子對S的估值,看看這個衡量其本益比的指標,它與其行業相比。
Is Guobo Electronics Efficiently Re-investing Its Profits?
國博電子是否有效地對其利潤進行了再投資?
Guobo Electronics has a healthy combination of a moderate three-year median payout ratio of 37% (or a retention ratio of 63%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
正如我們上面看到的,國博電子擁有37%的適度三年中值派息率(或63%的留存率)和可觀的收益增長的健康組合,這意味著該公司一直在有效利用其利潤。
While Guobo Electronics 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.
雖然國博電子的收益一直在增長,但它最近才開始分紅,這可能意味著該公司決定用分紅給新股東和現有股東留下深刻印象。
Conclusion
結論
On the whole, we do feel that Guobo Electronics has some positive attributes. In particular, it's great to see that the company is investing heavily into its business and along with a moderate rate of return, that has resulted in a respectable 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. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總體而言,我們確實覺得國博電子有一些積極的屬性。特別是,看到該公司在業務上投入巨資,加上適度的回報率,導致其收益實現了可觀的增長,這一點令人欣慰。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。這些分析師的預期是基於對該行業的廣泛預期,還是基於該公司的基本面?點擊此處進入我們分析師對該公司的預測頁面。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
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.