Baoji Titanium Industry Co., Ltd.'s (SHSE:600456) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Baoji Titanium Industry Co., Ltd.'s (SHSE:600456) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Baoji Titanium Industry's (SHSE:600456) stock is up by a considerable 11% over the past week. 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 Baoji Titanium Industry's ROE in this article.
宝鸡钛业(SHSE:600456)的股票在过去一周大幅上涨了11%。我们想知道公司的财务状况在价格变化中是否起着什么作用,因为公司的长期基本面通常决定市场结果。具体而言,我们决定在本文中研究宝鸡钛业的投资回报率。
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
ROE或股本回报率是评估公司如何有效地从股东那里获得的投资中获得回报的有用工具。简而言之,它用于评估公司相对于其股权资本的盈利能力。
See our latest analysis for Baoji Titanium Industry
查看我们对宝鸡钛业的最新分析
How Is ROE Calculated?
ROE 是如何计算的?
The formula for return on equity is:
股本回报率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Baoji Titanium Industry is:
因此,根据以上公式,宝鸡钛业的投资回报率为:
10% = CN¥726m ÷ CN¥7.1b (Based on the trailing twelve months to September 2023).
10% = 7.26亿元人民币 ¥71亿元人民币(基于截至2023年9月的过去十二个月)。
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¥0.10.
“回报” 是指公司去年的收益。因此,这意味着其股东每投资1元人民币,公司就会产生0.10元人民币的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系?
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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前为止,我们已经了解到,投资回报率衡量的是公司创造利润的效率。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。
Baoji Titanium Industry's Earnings Growth And 10% ROE
宝鸡钛业的收益增长和10%的投资回报率
When you first look at it, Baoji Titanium Industry's ROE doesn't look that attractive. However, the fact that the company's ROE is higher than the average industry ROE of 6.9%, is definitely interesting. Even more so after seeing Baoji Titanium Industry's exceptional 27% net income growth over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. So, there might well be other reasons for the earnings to grow. Such as- high earnings retention or the company belonging to a high growth industry.
当你第一次看时,宝鸡钛业的投资回报率看起来并不那么吸引人。但是,该公司的投资回报率高于6.9%的行业平均投资回报率,这一事实绝对很有趣。在看到宝鸡钛业在过去五年中实现了27%的惊人净收入增长之后,更是如此。话虽如此,该公司的投资回报率一开始确实略低,只是高于行业平均水平。因此,收益增长很可能还有其他原因。例如-高收益留存率或属于高增长行业的公司。
We then compared Baoji Titanium Industry's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 13% in the same 5-year period.
然后,我们将宝鸡钛业的净收入增长与行业进行了比较,我们很高兴地看到,与同期同期13%的行业相比,宝鸡钛业的增长数字更高。
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 Baoji Titanium Industry fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增长是股票估值的重要因素。对于投资者来说,重要的是要知道市场是否影响了公司的预期收益增长(或下降)。然后,这可以帮助他们确定股票是面向光明还是黯淡的未来。与其他公司相比,宝鸡钛业的估值是否公平?这三种估值指标可能会帮助您做出决定。
Is Baoji Titanium Industry Making Efficient Use Of Its Profits?
宝鸡钛业是否在有效利用利润?
Baoji Titanium Industry has a significant three-year median payout ratio of 64%, meaning the company only retains 36% of its income. This implies that the company has been able to achieve high earnings growth despite returning most of its profits to shareholders.
宝鸡钛业的三年中位数派息率很高,为64%,这意味着该公司仅保留其收入的36%。这意味着尽管将大部分利润返还给了股东,但该公司仍能够实现高收益增长。
Moreover, Baoji Titanium Industry is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外,宝鸡钛业决心继续与股东分享利润,这是我们从其支付股息至少十年的悠久历史中推断出来的。
Conclusion
结论
On the whole, we do feel that Baoji Titanium Industry has some positive attributes. Especially the substantial growth in earnings backed by a decent ROE. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总体而言,我们确实认为宝鸡钛业具有一些积极的属性。尤其是在不错的投资回报率的支持下,收益的大幅增长。尽管该公司仅将利润的一小部分再投资,但它仍然设法增加了收益,因此这是可观的。我们还研究了分析师的最新预测,发现该公司的收益增长预计与目前的增长率相似。要了解有关公司未来收益增长预测的更多信息,请查看这份关于分析师对公司的预测的免费报告,以了解更多信息。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。