Are Jiayuan Science and Technology Co.,Ltd.'s (SZSE:301117) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Jiayuan Science and Technology Co.,Ltd.'s (SZSE:301117) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
It is hard to get excited after looking at Jiayuan Science and TechnologyLtd's (SZSE:301117) recent performance, when its stock has declined 58% over the past three months. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Jiayuan Science and TechnologyLtd's ROE today.
看了佳源科技股份有限公司(深圳证券交易所代码:301117)最近的表现,很难感到兴奋,当时该公司的股票在过去三个月中下跌了58%。但是,从长远来看,股票价格通常由公司的财务状况驱动,在这种情况下,这看起来相当可观。特别是,我们今天将关注佳源科技有限公司的投资回报率。
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.
投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。换句话说,它揭示了公司成功地将股东投资转化为利润。
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(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Jiayuan Science and TechnologyLtd is:
因此,根据上述公式,佳源科技有限公司的投资回报率为:
4.3% = CN¥57m ÷ CN¥1.3b (Based on the trailing twelve months to September 2023).
4.3% = 5700万元人民币 ÷ 13亿元人民币(基于截至2023年9月的过去十二个月)。
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¥0.04 in profit.
“回报” 是每年的利润。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0.04元的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系?
So far, we've learned that ROE is a measure of a company's profitability. 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.
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。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。一般而言,在其他条件相同的情况下,股本回报率和利润留存率高的公司的增长率要高于不具有这些属性的公司。
Jiayuan Science and TechnologyLtd's Earnings Growth And 4.3% ROE
佳源科技有限公司的收益增长和4.3%的投资回报率
It is hard to argue that Jiayuan Science and TechnologyLtd's ROE is much good in and of itself. Even compared to the average industry ROE of 5.8%, the company's ROE is quite dismal. However, the moderate 19% net income growth seen by Jiayuan Science and TechnologyLtd over the past five years is definitely a positive. We believe that there might be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
很难说佳源科技有限公司的投资回报率本身就非常好。即使与5.8%的行业平均投资回报率相比,该公司的投资回报率也相当惨淡。但是,佳源科技有限公司在过去五年中实现了19%的温和净收入增长,这绝对是积极的。我们认为,可能还有其他方面对公司的收益增长产生积极影响。例如——高收益留存率或实行高效管理。
Next, on comparing with the industry net income growth, we found that Jiayuan Science and TechnologyLtd's growth is quite high when compared to the industry average growth of 7.5% 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7.5%的行业平均增长率相比,佳源科技有限公司的增长相当高,这真是太好了。
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 Jiayuan Science and TechnologyLtd 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。通过这样做,他们将知道股票是走向清澈的蓝色海水,还是沼泽的水域在等着你。与其他公司相比,佳源科技有限公司的估值是否合理?这3种估值指标可能会帮助您做出决定。
Is Jiayuan Science and TechnologyLtd Making Efficient Use Of Its Profits?
佳源科技有限公司是否在有效利用其利润?
Jiayuan Science and TechnologyLtd has a three-year median payout ratio of 30%, which implies that it retains the remaining 70% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
佳源科技有限公司的三年派息率中位数为30%,这意味着它保留了剩余的70%的利润。这表明其股息覆盖范围良好,鉴于该公司的可观增长,管理层似乎正在有效地对其收益进行再投资。
While Jiayuan Science and TechnologyLtd 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.
尽管佳源科技有限公司的收益有所增长,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。
Summary
摘要
In total, it does look like Jiayuan Science and TechnologyLtd 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. 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.
总的来说,佳源科技有限公司的业务看起来确实有一些积极的方面。尽管投资回报率很低,但由于再投资率很高,该公司的收益实现了可观的增长。既然如此,分析师的最新预测显示,该公司的收益将继续扩大。要了解有关公司未来收益增长预测的更多信息,请查看这份关于分析师预测的免费报告,以了解更多信息。
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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。