Colorlight Cloud Tech Ltd's (SZSE:301391) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Colorlight Cloud Tech Ltd's (SZSE:301391) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Most readers would already be aware that Colorlight Cloud Tech's (SZSE:301391) stock increased significantly by 16% over the past 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. In this article, we decided to focus on Colorlight Cloud Tech's ROE.
大多數讀者已經意識到,Colorlight Cloud Tech(深圳證券交易所代碼:301391)的股票在過去三個月中大幅上漲了16%。鑑於股票價格通常與公司的長期財務表現一致,我們決定更仔細地研究其財務指標,看看它們在近期的價格走勢中是否有機會發揮作用。在本文中,我們決定重點關注Colorlight Cloud Tech的投資回報率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。簡而言之,它用於評估公司相對於其股權資本的盈利能力。
View our latest analysis for Colorlight Cloud Tech
查看我們對 Colorlight Cloud Tech 的最新分析
How To Calculate Return On Equity?
如何計算股本回報率?
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 Colorlight Cloud Tech is:
因此,根據上述公式,Colorlight Cloud Tech的投資回報率爲:
7.7% = CN¥164m ÷ CN¥2.1b (Based on the trailing twelve months to September 2023).
7.7% = 1.64億元人民幣 ÷ 21億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' is the profit over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.08.
“回報” 是過去十二個月的利潤。因此,這意味着其股東每投資1元人民幣,公司就會產生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。
A Side By Side comparison of Colorlight Cloud Tech's Earnings Growth And 7.7% ROE
Colorlight Cloud Tech的收益增長和7.7%的投資回報率的並排比較
On the face of it, Colorlight Cloud Tech's ROE is not much to talk about. However, given that the company's ROE is similar to the average industry ROE of 6.6%, we may spare it some thought. Particularly, the exceptional 26% net income growth seen by Colorlight Cloud Tech over the past five years is pretty remarkable. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
從表面上看,Colorlight Cloud Tech的投資回報率沒什麼好談的。但是,鑑於該公司的投資回報率與6.6%的平均行業投資回報率相似,我們可以考慮一下。特別是,Colorlight Cloud Tech在過去五年中實現了26%的驚人淨收入增長,這非常引人注目。考慮到投資回報率不是特別高,我們認爲還可能有其他因素在起作用,這些因素可能會影響公司的增長。例如,公司的管理層可能做出了一些良好的戰略決策,或者公司的派息率很低。
Next, on comparing with the industry net income growth, we found that Colorlight Cloud Tech's growth is quite high when compared to the industry average growth of 11% 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,與同期行業平均增長11%相比,Colorlight Cloud Tech的增長相當高,這真是太好了。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240123/0-4fdde53f592d89bfb066e7d882d2ab18-0-1351bb29d60a2ae887e26abe4bc5216d.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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Colorlight Cloud Tech's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是對股票進行估值時要考慮的重要指標。無論如何,投資者應設法確定預期的收益增長或下降是否已計入其中。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。如果你想知道Colorlight Cloud Tech的估值,可以看看這個衡量其市盈率與行業相比的指標。
Is Colorlight Cloud Tech Using Its Retained Earnings Effectively?
Colorlight Cloud Tech是否有效地使用了其留存收益?
Colorlight Cloud Tech's ' three-year median payout ratio is on the lower side at 24% implying that it is retaining a higher percentage (76%) of its profits. So it looks like Colorlight Cloud Tech is reinvesting profits heavily to grow its business, which shows in its earnings growth.
Colorlight Cloud Tech的 “三年派息率中位數” 處於較低水平,爲24%,這意味着它保留了更高的利潤百分比(76%)。因此,看來Colorlight Cloud Tech正在將利潤進行大量再投資以發展其業務,這體現在其收益增長上。
Along with seeing a growth in earnings, Colorlight Cloud Tech only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 38% over the next three years. Still, forecasts suggest that Colorlight Cloud Tech's future ROE will rise to 16% even though the the company's payout ratio is expected to rise. We presume that there could some other characteristics of the business that could be driving the anticipated growth in the company's ROE.
除了收益增長外,Colorlight Cloud Tech直到最近才開始派發股息。該公司很可能想給股東留下深刻的印象。在研究了分析師的最新共識數據後,我們發現該公司的未來派息率預計將在未來三年內升至38%。儘管如此,預測表明,儘管Colorlight Cloud Tech的派息率預計將上升,但該公司的未來投資回報率仍將上升至16%。我們認爲,該業務可能還有其他一些特徵可以推動公司投資回報率的預期增長。
Conclusion
結論
In total, it does look like Colorlight Cloud Tech has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總的來說,Colorlight Cloud Tech的業務看起來確實有一些積極的方面。儘管投資回報率很低,但由於再投資率很高,該公司的收益實現了可觀的增長。既然如此,分析師的最新預測顯示,該公司的收益將繼續擴大。這些分析師的預期是基於對該行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們分析師對公司的預測頁面。
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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。