Are Strong Financial Prospects The Force That Is Driving The Momentum In Sumec Corporation Limited's SHSE:600710) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In Sumec Corporation Limited's SHSE:600710) Stock?
Sumec's (SHSE:600710) stock is up by a considerable 7.1% over the past week. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Sumec's ROE today.
苏美达(上海证券交易所代码:600710)的股票在过去一周上涨了7.1%。由于市场通常会为公司的长期基本面买单,因此我们决定研究公司的关键绩效指标,看看它们是否会影响市场。特别是,我们今天将关注苏美达的投资回报率。
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回报率或投资回报率是股东需要考虑的重要因素,因为它可以告诉他们资本再投资的有效性。换句话说,它揭示了公司成功地将股东投资转化为利润。
See our latest analysis for Sumec
查看我们对 Sumec 的最新分析
How Is ROE Calculated?
ROE 是如何计算的?
Return on equity can be calculated by using the formula:
股本回报率可以使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Sumec is:
因此,根据上述公式,Sumec的投资回报率为:
22% = CN¥3.1b ÷ CN¥14b (Based on the trailing twelve months to September 2023).
22% = 31亿元人民币 ÷ 140亿元人民币(基于截至2023年9月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.22 in profit.
“申报表” 是过去十二个月的税后收入金额。将其概念化的一种方法是,公司每拥有1元人民币的股东资本,就能获得0.22元人民币的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系?
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. 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.
我们已经确定,投资回报率是衡量公司未来收益的有效盈利指标。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。
Sumec's Earnings Growth And 22% ROE
苏美达的收益增长和22%的投资回报率
At first glance, Sumec seems to have a decent ROE. On comparing with the average industry ROE of 7.9% the company's ROE looks pretty remarkable. This probably laid the ground for Sumec's moderate 19% net income growth seen over the past five years.
乍一看,Sumec的投资回报率似乎不错。与7.9%的行业平均投资回报率相比,该公司的投资回报率看起来相当可观。这可能为苏美达在过去五年中实现19%的温和净收入增长奠定了基础。
Next, on comparing with the industry net income growth, we found that Sumec's growth is quite high when compared to the industry average growth of 9.5% in the same period, which is great to see.
接下来,与行业净收入增长相比,我们发现,与同期9.5%的行业平均增长率相比,苏美达的增长相当高,这真是太好了。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240126/0-0e86302f56d82d713c381a05de2886fe-0-90309fe7e5440c13424dfe0737badec3.png/big)
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. This then helps them determine if the stock is placed for a bright or bleak future. Is Sumec 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。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。然后,这可以帮助他们确定股票是面向光明还是暗淡的未来。与其他公司相比,苏美达的估值是否合理?这3种估值指标可能会帮助您做出决定。
Is Sumec Making Efficient Use Of Its Profits?
Sumec是否在有效利用其利润?
With a three-year median payout ratio of 43% (implying that the company retains 57% of its profits), it seems that Sumec is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
苏美达的三年派息率中位数为43%(这意味着该公司保留了57%的利润),看来苏美达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。
Additionally, Sumec has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders.
此外,苏美达已在七年内派发了股息,这意味着该公司非常认真地与股东分享利润。
Conclusion
结论
Overall, we are quite pleased with Sumec's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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.
总的来说,我们对Sumec的表现非常满意。特别是,我们喜欢该公司对其业务进行大量再投资,而且回报率很高。毫不奇怪,这带来了令人印象深刻的收益增长。最新的行业分析师预测显示,预计该公司将保持目前的增长率。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。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,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。