Is Arrow Home Group Co., Ltd.'s (SZSE:001322) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Arrow Home Group Co., Ltd.'s (SZSE:001322) Recent Stock Performance Tethered To Its Strong Fundamentals?
Arrow Home Group's (SZSE:001322) stock is up by a considerable 7.5% over the past week. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Arrow Home Group's ROE in this article.
艾睿家居集团(深圳证券交易所:001322)的股票在过去一周上涨了7.5%。鉴于从长远来看,市场会奖励强劲的财务状况,我们想知道在这种情况下是否如此。具体而言,我们决定在本文中研究艾睿家居集团的投资回报率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回报率或投资回报率是对公司价值增长和管理投资者资金的有效性的考验。换句话说,它是一种盈利比率,用于衡量公司股东提供的资本的回报率。
View our latest analysis for Arrow Home Group
查看我们对 Arrow Home Group 的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
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)÷ 股东权益
So, based on the above formula, the ROE for Arrow Home Group is:
因此,根据上述公式,艾睿家居集团的投资回报率为:
9.4% = CN¥457m ÷ CN¥4.9b (Based on the trailing twelve months to September 2023).
9.4% = 4.57亿元人民币 ÷ 49亿元人民币(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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.09 in profit.
“回报” 是指公司去年的收益。另一种思考方式是,公司每拥有价值1元人民币的股权,就能获得0.09元的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系?
So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。我们现在需要评估公司再投资或 “保留” 了多少利润以用于未来的增长,这样我们就可以了解公司的增长潜力。假设其他条件相同,与不具有相同特征的公司相比,既有更高股本回报率又更高利润保留率的公司通常是增长率更高的公司。
Arrow Home Group's Earnings Growth And 9.4% ROE
艾睿家居集团的收益增长和9.4%的投资回报率
On the face of it, Arrow Home Group's ROE is not much to talk about. Although a closer study shows that the company's ROE is higher than the industry average of 7.4% which we definitely can't overlook. Consequently, this likely laid the ground for the decent growth of 7.6% seen over the past five years by Arrow Home Group. 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. For example, it is possible that the broader industry is going through a high growth phase, or that the company has a low payout ratio.
从表面上看,艾睿家居集团的投资回报率没什么好谈的。尽管一项更仔细的研究表明,该公司的投资回报率高于行业平均水平的7.4%,但我们绝对不能忽视。因此,这可能为Arrow Home Group在过去五年中实现7.6%的可观增长奠定了基础。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,整个行业可能正在经历高增长阶段,或者该公司的派息率很低。
We then performed a comparison between Arrow Home Group's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 7.0% in the same 5-year period.
然后,我们将Arrow Home Group的净收入增长与该行业进行了比较,结果显示该公司的增长与5年同期7.0%的行业平均增长率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240116/0-5972a38b1968c6ea26521357d00934dc-0-e412ac3ba7aa079930da38a3125756e2.png/big)
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 Arrow Home Group 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对公司的预期收益增长(或下降)进行了定价。然后,这可以帮助他们确定股票是为光明还是暗淡的未来而布局。与其他公司相比,Arrow Home Group的估值是否合理?这3种估值指标可能会帮助您做出决定。
Is Arrow Home Group Efficiently Re-investing Its Profits?
Arrow Home Group 是否有效地将其利润再投资?
With a three-year median payout ratio of 31% (implying that the company retains 69% of its profits), it seems that Arrow Home Group is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
Arrow Home Group的三年派息率中位数为31%(这意味着该公司保留了69%的利润),看来Arrow Home Group正在进行有效的再投资,其收益将实现可观的增长,并支付可观的股息。
While Arrow Home Group has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 24% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 13%, over the same period.
尽管Arrow Home Group的收益有所增长,但它直到最近才开始派发股息。该公司很可能决定通过分红给新老股东留下深刻的印象。我们最新的分析师数据显示,该公司的未来派息率预计将在未来三年降至24%。因此,派息率的预期下降解释了该公司同期的投资回报率预计将增长至13%。
Conclusion
结论
Overall, we are quite pleased with Arrow Home Group's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总的来说,我们对艾睿家居集团的表现非常满意。特别是,我们喜欢该公司以适度的回报率对其业务进行大量再投资。毫不奇怪,这带来了令人印象深刻的收益增长。话虽如此,最新的行业分析师预测显示,该公司的收益有望加速。要详细了解分析师对公司的最新预测,请查看该公司的分析师预测的可视化。
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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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。