Is Newborn Town Inc.'s (HKG:9911) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Is Newborn Town Inc.'s (HKG:9911) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Newborn Town (HKG:9911) has had a great run on the share market with its stock up by a significant 19% over the last 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. In this article, we decided to focus on Newborn Town's ROE.
新生鎮(HKG: 9911)在過去三個月中大幅上漲了19%,在股市上表現良好。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。在本文中,我們決定重點關注新生鎮的投資回報率。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。換句話說,它揭示了公司成功地將股東投資轉化爲利潤。
Check out our latest analysis for Newborn Town
查看我們對新生鎮的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for ROE is:
ROE 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 Newborn Town is:
因此,根據上述公式,新生城鎮的投資回報率爲:
30% = CN¥435m ÷ CN¥1.5b (Based on the trailing twelve months to June 2023).
30% = 4.35億元人民幣 ¥150億元人民幣(基於截至2023年6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 HK$1 of its shareholder's investments, the company generates a profit of HK$0.30.
“回報” 是指公司去年的收益。因此,這意味着其股東每投資1港元,公司就會產生0.30港元的利潤。
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。
Newborn Town's Earnings Growth And 30% ROE
新生城鎮的收入增長和30%的投資回報率
Firstly, we acknowledge that Newborn Town has a significantly high ROE. Additionally, the company's ROE is higher compared to the industry average of 7.2% which is quite remarkable. Needless to say, we are quite surprised to see that Newborn Town's net income shrunk at a rate of 9.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.
首先,我們承認新生城的投資回報率非常高。此外,該公司的投資回報率高於行業平均水平的7.2%,這非常了不起。毋庸置疑,我們驚訝地看到,在過去五年中,新生鎮的淨收入以9.9%的速度萎縮。基於此,我們認爲可能還有其他可能阻礙公司增長的原因,這些原因本文迄今尚未討論。例如,該公司將其收益的很大一部分作爲股息支付,或者面臨競爭壓力。
However, when we compared Newborn Town's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 23% in the same period. This is quite worrisome.
但是,當我們將Bounbal Town的增長與該行業的增長進行比較時,我們發現,儘管該公司的收益一直在萎縮,但同期該行業的收益增長了23%。這非常令人擔憂。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231205/0-f351b731b6d337c302174a271804e1a3-0-555ef0ebb51510d3f1f00143735b3aa4.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. Is Newborn Town fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增長是估值股票時要考慮的重要指標。投資者應努力確定預期的收益增長或下降(無論情況如何)是否已被定價。通過這樣做,他們將知道這隻股票是進入清澈的藍色海水還是沼澤水域在等着你。與其他公司相比,新生城的估值是否公平?這三種估值指標可能有助於您做出決定。
Is Newborn Town Efficiently Re-investing Its Profits?
新生城能否有效地將利潤再投資?
Because Newborn Town doesn't pay any dividends, we infer that it is retaining all of its profits, which is rather perplexing when you consider the fact that there is no earnings growth to show for it. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
由於Bounber Town不支付任何股息,我們推斷它保留了所有利潤,考慮到它沒有收益增長這一事實,這相當令人困惑。看來可能還有其他原因可以解釋這方面的不足。例如,業務可能正在衰退。
Conclusion
結論
In total, it does look like Newborn Town has some positive aspects to its business. However, given the high ROE and high profit retention, we would expect the company to be delivering strong earnings growth, but that isn't the case here. This suggests that there might be some external threat to the business, that's hampering its growth. Having said that, looking at current analyst estimates, we found that the company's earnings growth rate is expected to see a huge improvement. 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.
總的來說,看來Bounber Town的業務確實有一些積極的方面。但是,鑑於高投資回報率和高利潤保留率,我們預計該公司將實現強勁的收益增長,但這裏的情況並非如此。這表明該業務可能面臨一些外部威脅,這阻礙了其增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益增長率有望大幅改善。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。