share_log

Do Its Financials Have Any Role To Play In Driving Minami Acoustics Limited's (SZSE:301383) Stock Up Recently?

Do Its Financials Have Any Role To Play In Driving Minami Acoustics Limited's (SZSE:301383) Stock Up Recently?

其財務狀況在推動Minami Acoustics Limited(深交所股票代碼:301383)最近上漲方面發揮任何作用嗎?
Simply Wall St ·  2023/12/08 19:23

Minami Acoustics (SZSE:301383) has had a great run on the share market with its stock up by a significant 22% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Minami Acoustics' ROE today.

Minami Acoustics(深圳證券交易所代碼:301383)在過去三個月中大幅上漲了22%,在股市上表現良好。鑑於股價通常與公司的長期財務業績保持一致,我們決定更仔細地研究其財務指標,看看它們是否在最近的價格變動中發揮了作用。特別是,我們今天將關注Minami Acoustics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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

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,它是衡量公司股東提供的資本回報率的盈利比率。

See our latest analysis for Minami Acoustics

查看我們對 Minami Acoustics 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 Minami Acoustics is:

因此,根據上述公式,Minami Acoustics的投資回報率爲:

8.2% = CN¥151m ÷ CN¥1.8b (Based on the trailing twelve months to September 2023).

8.2% = 1.51億元人民幣 ¥18億元人民幣(基於截至2023年9月的過去十二個月)。

The 'return' is the yearly profit. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.08 in profit.

“回報” 是每年的利潤。將其概念化的一種方法是,公司每擁有1元人民幣的股東資本,就能獲得0.08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?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.

我們已經確定,投資回報率是衡量公司未來收益的有效盈利指標。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。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。

Minami Acoustics' Earnings Growth And 8.2% ROE

Minami Acoustics的收益增長和8.2%的投資回報率

On the face of it, Minami Acoustics' ROE is not much to talk about. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 10% either. However, we we're pleasantly surprised to see that Minami Acoustics grew its net income at a significant rate of 26% in the last five years. Therefore, there could be other reasons behind this growth. Such as - high earnings retention or an efficient management in place.

從表面上看,Minami Acoustics的投資回報率沒什麼好說的。一項快速的進一步研究表明,與行業平均水平的10%相比,該公司的投資回報率也不佳。但是,我們驚喜地看到,在過去五年中,Minami Acoustics的淨收入以26%的顯著速度增長。因此,這種增長背後可能還有其他原因。例如-高收入留存率或有效的管理。

Next, on comparing with the industry net income growth, we found that Minami Acoustics' growth is quite high when compared to the industry average growth of 7.8% in the same period, which is great to see.

接下來,與行業淨收入增長相比,我們發現Minami Acoustics的增長相當高,而同期的行業平均增長率爲7.8%,這很高興看到。

past-earnings-growth
SZSE:301383 Past Earnings Growth December 9th 2023
深交所:301383 過去的收益增長 2023 年 12 月 9 日

Earnings growth is a huge factor in stock valuation. 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. Is Minami Acoustics 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。投資者接下來需要確定的是,預期的收益增長或缺乏收益增長是否已經包含在股價中。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,Minami Acoustics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 Minami Acoustics Making Efficient Use Of Its Profits?

Minami Acoustics 是否在有效利用其利潤?

Given that Minami Acoustics doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.

鑑於Minami Acoustics不向股東支付任何股息,我們推斷該公司一直在將所有利潤再投資以發展業務。

Conclusion

結論

Overall, we feel that Minami Acoustics certainly does have some positive factors to consider. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 2 risks we have identified for Minami Acoustics visit our risks dashboard for free.

總體而言,我們認爲 Minami Acoustics 確實有一些積極因素需要考慮。儘管回報率低,但該公司將其利潤的很大一部分再投資於業務這一事實無疑促進了其高收益增長。雖然我們不會完全解散該公司,但我們要做的是努力確定企業的風險,以便圍繞公司做出更明智的決定。要了解我們爲 Minami Acoustics 確定的兩大風險,請免費訪問我們的風險控制面板。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論