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.
寶雞鈦業(SHSE:600456)的股票在過去一週大幅上漲了11%。我們想知道公司的財務狀況在價格變化中是否起着什麼作用,因爲公司的長期基本面通常決定市場結果。具體而言,我們決定在本文中研究寶雞鈦業的投資回報率。
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或股本回報率是評估公司如何有效地從股東那裏獲得的投資中獲得回報的有用工具。簡而言之,它用於評估公司相對於其股權資本的盈利能力。
See our latest analysis for Baoji Titanium Industry
查看我們對寶雞鈦業的最新分析
How Is ROE Calculated?
ROE 是如何計算的?
The formula for return on equity is:
股本回報率的公式是:
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 Baoji Titanium Industry is:
因此,根據以上公式,寶雞鈦業的投資回報率爲:
10% = CN¥726m ÷ CN¥7.1b (Based on the trailing twelve months to September 2023).
10% = 7.26億元人民幣 ¥71億元人民幣(基於截至2023年9月的過去十二個月)。
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.
“回報” 是指公司去年的收益。因此,這意味着其股東每投資1元人民幣,公司就會產生0.10元人民幣的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益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. 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.
到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。
Baoji Titanium Industry's Earnings Growth And 10% ROE
寶雞鈦業的收益增長和10%的投資回報率
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.
當你第一次看時,寶雞鈦業的投資回報率看起來並不那麼吸引人。但是,該公司的投資回報率高於6.9%的行業平均投資回報率,這一事實絕對很有趣。在看到寶雞鈦業在過去五年中實現了27%的驚人淨收入增長之後,更是如此。話雖如此,該公司的投資回報率一開始確實略低,只是高於行業平均水平。因此,收益增長很可能還有其他原因。例如-高收益留存率或屬於高增長行業的公司。
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.
然後,我們將寶雞鈦業的淨收入增長與行業進行了比較,我們很高興地看到,與同期同期13%的行業相比,寶雞鈦業的增長數字更高。
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.
收益增長是股票估值的重要因素。對於投資者來說,重要的是要知道市場是否影響了公司的預期收益增長(或下降)。然後,這可以幫助他們確定股票是面向光明還是黯淡的未來。與其他公司相比,寶雞鈦業的估值是否公平?這三種估值指標可能會幫助您做出決定。
Is Baoji Titanium Industry Making Efficient Use Of Its Profits?
寶雞鈦業是否在有效利用利潤?
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.
寶雞鈦業的三年中位數派息率很高,爲64%,這意味着該公司僅保留其收入的36%。這意味着儘管將大部分利潤返還給了股東,但該公司仍能夠實現高收益增長。
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,寶雞鈦業決心繼續與股東分享利潤,這是我們從其支付股息至少十年的悠久歷史中推斷出來的。
Conclusion
結論
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.
總體而言,我們確實認爲寶雞鈦業具有一些積極的屬性。尤其是在不錯的投資回報率的支持下,收益的大幅增長。儘管該公司僅將利潤的一小部分再投資,但它仍然設法增加了收益,因此這是可觀的。我們還研究了分析師的最新預測,發現該公司的收益增長預計與目前的增長率相似。要了解有關公司未來收益增長預測的更多信息,請查看這份關於分析師對公司的預測的免費報告,以了解更多信息。
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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。