Ningbo Techmation Co.,Ltd.'s (SHSE:603015) Stock's Been Going Strong: Could Weak Financials Mean The Market Will Correct Its Share Price?
Ningbo Techmation Co.,Ltd.'s (SHSE:603015) Stock's Been Going Strong: Could Weak Financials Mean The Market Will Correct Its Share Price?
Ningbo TechmationLtd's (SHSE:603015) stock is up by a considerable 15% over the past week. However, we decided to pay close attention to its weak financials as we are doubtful that the current momentum will keep up, given the scenario. Particularly, we will be paying attention to Ningbo TechmationLtd's ROE today.
寧波科創有限公司(上海證券交易所代碼:603015)的股票在過去一週上漲了15%。但是,我們決定密切關注其疲軟的財務狀況,因爲在這種情況下,我們懷疑當前的勢頭能否保持下去。特別是,我們今天將關注寧波科創科技有限公司的投資回報率。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
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。換句話說,它揭示了公司成功地將股東投資轉化爲利潤。
View our latest analysis for Ningbo TechmationLtd
查看我們對寧波 TechmationLtd 的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
ROE can be calculated by using the formula:
ROE 可以通過以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Ningbo TechmationLtd is:
因此,根據上述公式,寧波科創有限公司的投資回報率爲:
2.7% = CN¥36m ÷ CN¥1.3b (Based on the trailing twelve months to September 2023).
2.7% = 3,600萬元人民幣 ÷ 13億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.03.
“回報” 是過去十二個月的稅後收入。因此,這意味着其股東每投資1元人民幣,公司就會產生0.03元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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.
到目前爲止,我們已經了解到,投資回報率是衡量公司盈利能力的指標。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。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。
Ningbo TechmationLtd's Earnings Growth And 2.7% ROE
Ningbo TechmationLtd 的收益增長和 2.7% 的投資回報率
It is hard to argue that Ningbo TechmationLtd's ROE is much good in and of itself. Even compared to the average industry ROE of 6.8%, the company's ROE is quite dismal. Thus, the low net income growth of 2.9% seen by Ningbo TechmationLtd over the past five years could probably be the result of it having a lower ROE.
很難說寧波科創科技有限公司的投資回報率本身就非常好。即使與6.8%的行業平均投資回報率相比,該公司的投資回報率也相當慘淡。因此,在過去五年中,寧波科創有限公司的2.9%的低淨收入增長可能是其投資回報率較低的結果。
As a next step, we compared Ningbo TechmationLtd's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 11% in the same period.
下一步,我們將寧波TechmationLtd的淨收入增長與該行業進行了比較,並失望地看到該公司的增長低於同期11%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231102/0-dea69536f261e3790f0b3237048fabc6-0-f57259cc2ed5c6e8b68c0f870dbe8f3b.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 Ningbo TechmationLtd is trading on a high P/E or a low P/E, relative to its industry.
收益增長是對股票進行估值時要考慮的重要指標。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。通過這樣做,他們將知道股票是走向清澈的藍色海水還是沼澤水域在等着呢。衡量預期收益增長的一個很好的指標是市盈率,它根據收益前景決定了市場願意爲股票支付的價格。因此,你可能需要檢查一下寧波科創有限公司相對於其行業的市盈率是高還是低市盈率。
Is Ningbo TechmationLtd Using Its Retained Earnings Effectively?
寧波科創有限公司是否在有效使用其留存收益?
The high three-year median payout ratio of 52% (that is, the company retains only 48% of its income) over the past three years for Ningbo TechmationLtd suggests that the company's earnings growth was lower as a result of paying out a majority of its earnings.
在過去三年中,Ningbo TechmationLtd的三年中位派息率高達52%(即該公司僅保留收入的48%),這表明由於支付了大部分收益,該公司的收益增長有所放緩。
Additionally, Ningbo TechmationLtd has paid dividends over a period of eight years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth.
此外,Ningbo TechmationLtd已在八年內派發了股息,這意味着即使收益增長微乎其微,公司的管理層也決心派發股息。
Conclusion
結論
On the whole, Ningbo TechmationLtd's performance is quite a big let-down. The company has seen a lack of earnings growth as a result of retaining very little profits and whatever little it does retain, is being reinvested at a very low rate of return. In brief, we think the company is risky and investors should think twice before making any final judgement on this company. To know the 2 risks we have identified for Ningbo TechmationLtd visit our risks dashboard for free.
總體而言,寧波科邁科技有限公司的表現相當令人失望。由於保留的利潤很少,該公司一直缺乏收益增長,無論保留的利潤很少,都以非常低的回報率進行再投資。簡而言之,我們認爲該公司存在風險,投資者在對該公司做出最終判斷之前應三思而後行。要了解我們爲寧波科創有限公司確定的兩種風險,請免費訪問我們的風險控制面板。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。