Is PNC Process Systems Co., Ltd.'s (SHSE:603690) Recent Stock Performance Influenced By Its Financials In Any Way?
Is PNC Process Systems Co., Ltd.'s (SHSE:603690) Recent Stock Performance Influenced By Its Financials In Any Way?
PNC Process Systems' (SHSE:603690) stock is up by 4.0% over the past week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Specifically, we decided to study PNC Process Systems' ROE in this article.
PNC Process Systems(上海证券交易所代码:603690)的股票在过去一周上涨了4.0%。鉴于股票价格通常与公司的长期财务表现一致,我们决定调查该公司的良好财务状况是否在近期的价格变动中发挥了作用。具体而言,我们决定在本文中研究PNC过程系统的投资回报率。
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。
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 PNC Process Systems is:
因此,根据上述公式,PNC过程系统的投资回报率为:
5.7% = CN¥279m ÷ CN¥4.9b (Based on the trailing twelve months to September 2023).
5.7% = 2.79亿元人民币 ÷ 49亿元人民币(基于截至2023年9月的过去十二个月)。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.06.
“回报” 是企业去年获得的收入。因此,这意味着其股东每投资1元人民币,公司就会产生0.06CN的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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,投资回报率衡量的是公司创造利润的效率。现在,我们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,从而使我们对公司的增长潜力有所了解。假设其他条件都一样,与功能不相同的公司相比,具有更高股本回报率和更高利润保留率的公司通常具有更高的增长率。
PNC Process Systems' Earnings Growth And 5.7% ROE
PNC Process Systems的收益增长和5.7%的投资回报率
When you first look at it, PNC Process Systems' ROE doesn't look that attractive. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 7.6% either. In spite of this, PNC Process Systems was able to grow its net income considerably, at a rate of 32% in the last five years. Therefore, there could be other reasons behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
当你第一次看时,PNC过程系统的投资回报率看起来并不那么吸引人。一项快速的进一步研究表明,该公司的投资回报率与行业平均水平的7.6%相比也并不理想。尽管如此,PNC工艺系统的净收入仍大幅增长,在过去五年中增长了32%。因此,这种增长背后可能还有其他原因。例如,该公司的派息率较低或管理效率很高。
As a next step, we compared PNC Process Systems' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 12%.
下一步,我们将PNC Process Systems的净收入增长与该行业进行了比较,令人高兴的是,我们发现该公司的增长高于12%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240223/0-01e273bf74634efff200a6a938e99f1e-0-0f6b5517aeec61dd338869979f2b081a.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if PNC Process Systems is trading on a high P/E or a low P/E, relative to its industry.
为公司附加价值的基础在很大程度上与其收益增长息息相关。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。这样做将帮助他们确定股票的未来是乐观还是不祥的。衡量预期收益增长的一个很好的指标是市盈率,它根据收益前景决定了市场愿意为股票支付的价格。因此,您可能需要检查PNC过程系统相对于其行业的市盈率是高还是低市盈率。
Is PNC Process Systems Efficiently Re-investing Its Profits?
PNC 流程系统能否有效地将其利润再投资?
PNC Process Systems has a really low three-year median payout ratio of 13%, meaning that it has the remaining 87% left over to reinvest into its business. So it looks like PNC Process Systems is reinvesting profits heavily to grow its business, which shows in its earnings growth.
PNC Process Systems的三年派息率中位数非常低,为13%,这意味着其余的87%可以再投资于其业务。因此,看来PNC Process Systems正在将利润进行大量再投资以发展其业务,这体现在其收益增长上。
Besides, PNC Process Systems has been paying dividends over a period of seven years. This shows that the company is committed to sharing profits with its shareholders.
此外,PNC工艺系统已经在七年内派发了股息。这表明该公司致力于与股东分享利润。
Conclusion
结论
On the whole, we do feel that PNC Process Systems has some positive attributes. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. 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,我们确实认为PNC过程系统具有一些积极的属性。尽管回报率很低,但由于对业务进行了大量再投资,该公司的收益增长令人印象深刻。在研究分析师当前的估计时,我们发现分析师预计该公司将继续保持最近的增长势头。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。