Could The Market Be Wrong About Venustech Group Inc. (SZSE:002439) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About Venustech Group Inc. (SZSE:002439) Given Its Attractive Financial Prospects?
Venustech Group (SZSE:002439) has had a rough three months with its share price down 13%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Venustech Group's ROE.
Venustech Group(SZSE:002439)經歷了艱難的三個月,其股價下跌了13%。然而,股價通常是由一家公司的長期財務表現推動的,在這種情況下,這看起來相當有希望。在本文中,我們決定將重點放在Venustech Group的ROE上。
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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,它是用來評估一家公司相對於其權益資本的盈利能力。
View our latest analysis for Venustech Group
查看我們對Venustech集團的最新分析
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 Venustech Group is:
因此,根據上述公式,Venustech Group的淨資產收益率為:
15% = CN¥1.1b ÷ CN¥7.5b (Based on the trailing twelve months to September 2023).
15%=CN元11億×CN元75億(以截至2023年9月的12個月為基礎)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.15.
“回報”指的是一家公司過去一年的收益。因此,這意味著股東每投資1元人民幣,公司就會產生0.15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?
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. 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,我們已經瞭解到淨資產收益率衡量的是一家公司創造利潤的效率。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。
Venustech Group's Earnings Growth And 15% ROE
Venustech集團的收益增長和15%的淨資產收益率
At first glance, Venustech Group seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 4.9%. Probably as a result of this, Venustech Group was able to see a decent growth of 10% over the last five years.
乍一看,Venustech Group似乎擁有不錯的淨資產收益率。此外,該公司的淨資產收益率(ROE)與行業平均水準4.9%相比相當有利。可能正因為如此,Venustech集團在過去五年中能夠實現10%的可觀增長。
Next, on comparing with the industry net income growth, we found that Venustech Group's growth is quite high when compared to the industry average growth of 6.3% in the same period, which is great to see.
接下來,對比行業淨收入增長,我們發現,與同期6.3%的行業平均增長相比,Venustech集團的增長相當高,這是令人欣喜的。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231030/0-c58827c765793df69c1646028773308e-0-703be0012f46da9afb32d0d87c5608fc.png/big)
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Venustech Group is trading on a high P/E or a low P/E, relative 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。投資者下一步需要確定的是,預期的收益增長是否已經計入了股價。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。衡量預期收益增長的一個很好的指標是本益比,它根據一隻股票的盈利前景決定市場願意為其支付的價格。因此,你可能想看看Venustech Group相對於其行業是高本益比還是低本益比。
Is Venustech Group Efficiently Re-investing Its Profits?
Venustech Group是否有效地將其利潤進行了再投資?
In Venustech Group's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 5.9% (or a retention ratio of 94%), which suggests that the company is investing most of its profits to grow its business.
在Venustech Group的案例中,其可觀的收益增長可能可以解釋為其較低的三年中值派息率為5.9%(或留存率為94%),這表明該公司正在將大部分利潤用於增長業務。
Additionally, Venustech Group has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 4.4% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
此外,Venustech Group在至少十年的時間裡支付了股息,這意味著該公司非常認真地與股東分享利潤。分析師現有的預估顯示,該公司未來三年的派息率預計將降至4.4%。儘管預期派息率較低,但該公司的淨資產收益率預計不會有太大變化。
Conclusion
結論
On the whole, we feel that Venustech Group's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總體來說,我們覺得Venustech集團的表現相當不錯。特別是,我們喜歡該公司對其業務進行大量再投資,並以高回報率進行投資。不出所料,這導致了令人印象深刻的收益增長。儘管如此,最新的行業分析師預測顯示,該公司的收益預計將加速增長。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.