Motic (Xiamen) Electric Group Co.,Ltd's (SZSE:300341) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Motic (Xiamen) Electric Group Co.,Ltd's (SZSE:300341) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
With its stock down 26% over the past three months, it is easy to disregard Motic (Xiamen) Electric GroupLtd (SZSE:300341). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study Motic (Xiamen) Electric GroupLtd's ROE in this article.
在過去三個月中,Motic(廈門)電氣集團有限公司(深圳證券交易所股票代碼:300341)的股票下跌了26%,很容易被忽視。但是,如果你密切關注,你可能會發現,鑑於市場通常會獎勵財務狀況良好的公司,其強勁的財務狀況可能意味着該股的長期價值可能會增加。具體而言,我們決定在本文中研究摩迪克(廈門)電氣集團有限公司的投資回報率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. 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對公司增值和管理投資者資金的有效性的考驗。簡而言之,它用於評估公司相對於其股權資本的盈利能力。
How Is ROE Calculated?
ROE 是如何計算的?
The formula for ROE is:
ROE 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 Motic (Xiamen) Electric GroupLtd is:
因此,根據上述公式,Motic(廈門)電氣集團有限公司的投資回報率爲:
11% = CN¥205m ÷ CN¥1.8b (Based on the trailing twelve months to September 2023).
11% = 2.05億元人民幣 ¥18億元人民幣(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. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回報” 是過去十二個月的利潤。這意味着,每持有價值1元人民幣的股權,公司就會產生0.11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?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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.
到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。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。
Motic (Xiamen) Electric GroupLtd's Earnings Growth And 11% ROE
Motic(廈門)電氣集團有限公司的收益增長和11%的投資回報率
To start with, Motic (Xiamen) Electric GroupLtd's ROE looks acceptable. On comparing with the average industry ROE of 7.2% the company's ROE looks pretty remarkable. This certainly adds some context to Motic (Xiamen) Electric GroupLtd's decent 12% net income growth seen over the past five years.
首先,Motic(廈門)電氣集團有限公司的投資回報率似乎可以接受。與7.2%的行業平均投資回報率相比,該公司的投資回報率看起來相當可觀。這無疑爲Motic(廈門)電氣集團有限公司在過去五年中實現了12%的可觀淨收入增長增添了一些背景信息。
Next, on comparing Motic (Xiamen) Electric GroupLtd's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 14% over the last few years.
接下來,在將Motic(廈門)電氣集團有限公司的淨收入增長與該行業的淨收入增長進行比較時,我們發現該公司報告的增長與過去幾年14%的行業平均增長率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240224/0-e06489277f27bf16148bab6f56aa766b-0-f9a72232d0da93e41f855bd3ede73b5d.png/big)
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for 300341? You can find out in our latest intrinsic value infographic research report
收益增長是股票估值的重要因素。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。通過這樣做,他們將知道股票是走向清澈的藍色海水還是沼澤水域在等着呢。市場在未來展望中是否定價爲300341?你可以在我們最新的內在價值信息圖研究報告中找到答案
Is Motic (Xiamen) Electric GroupLtd Using Its Retained Earnings Effectively?
Motic(廈門)電氣集團有限公司是否有效使用其留存收益?
In Motic (Xiamen) Electric GroupLtd's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 19% (or a retention ratio of 81%), which suggests that the company is investing most of its profits to grow its business.
就Motic(廈門)電氣集團有限公司而言,其可觀的收益增長可能是由於其三年期中位數支付率較低,爲19%(或留存率爲81%),這表明該公司正在將大部分利潤投資於發展業務。
Moreover, Motic (Xiamen) Electric GroupLtd is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外,Motic(廈門)電氣集團有限公司決心繼續與股東分享利潤,這是我們從其支付股息至少十年的悠久歷史中推斷出來的。
Conclusion
結論
Overall, we are quite pleased with Motic (Xiamen) Electric GroupLtd's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. You can see the 1 risk we have identified for Motic (Xiamen) Electric GroupLtd by visiting our risks dashboard for free on our platform here.
總體而言,我們對Motic(廈門)電氣集團有限公司的表現非常滿意。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這爲其收益帶來了可觀的增長。考慮到每股收益如何影響長期股價,如果該公司繼續以現有方式增長收益,這可能會對其股價產生積極影響。請記住,股票的價格還取決於感知的風險。因此,在投資任何公司之前,投資者必須隨時了解所涉及的風險。您可以訪問我們的 Motic(廈門)電氣集團有限公司確定的 1 種風險 風險儀表板 在我們的平台上免費使用。
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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。