Is Jade Bird Fire Co., Ltd.'s (SZSE:002960) Latest Stock Performance A Reflection Of Its Financial Health?
Is Jade Bird Fire Co., Ltd.'s (SZSE:002960) Latest Stock Performance A Reflection Of Its Financial Health?
Most readers would already be aware that Jade Bird Fire's (SZSE:002960) stock increased significantly by 21% over the past month. 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. Specifically, we decided to study Jade Bird Fire's ROE in this article.
大多数读者已经意识到,青鸟消防(深圳证券交易所:002960)的股票在过去一个月中大幅增长了21%。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。具体而言,我们决定在本文中研究《青鸟之火》的投资回报率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键指标。简而言之,投资回报率显示了每美元从其股东投资中产生的利润。
How Do You Calculate Return On Equity?
你如何计算股本回报率?
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 Jade Bird Fire is:
因此,根据上述公式,Jade Bird Fire的投资回报率为:
11% = CN¥697m ÷ CN¥6.5b (Based on the trailing twelve months to September 2023).
11% = 6.97亿元人民币 ÷ 65亿元人民币(基于截至2023年9月的过去十二个月)。
The 'return' refers to a company's earnings over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回报” 是指公司去年的收益。这意味着,每持有价值1元人民币的股东权益,该公司就会产生0.11元的利润。
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. 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。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。
Jade Bird Fire's Earnings Growth And 11% ROE
Jade Bird Fire 的收益增长和 11% 的投资回报率
On the face of it, Jade Bird Fire's ROE is not much to talk about. However, the fact that the company's ROE is higher than the average industry ROE of 6.7%, is definitely interesting. This certainly adds some context to Jade Bird Fire's moderate 15% net income growth seen over the past five years. Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. Therefore, the growth in earnings could also be the result of other factors. E.g the company has a low payout ratio or could belong to a high growth industry.
从表面上看,Jade Bird Fire 的 ROE 没什么好谈的。但是,该公司的投资回报率高于6.7%的行业平均投资回报率,这一事实绝对很有趣。这无疑为Jade Bird Fire在过去五年中实现的15%的温和净收入增长增添了一些背景信息。请记住,该公司的投资回报率确实适度低。只是行业的投资回报率较低。因此,收益的增长也可能是其他因素的结果。例如,该公司的派息率较低,或者可能属于高增长行业。
As a next step, we compared Jade Bird Fire's 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 11%.
下一步,我们将Jade Bird Fire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11%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240302/0-61805577c817889ff05e7b48261736e5-0-3aa5ae57c87a5be9e0163b0d7a0edc50.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. What is 002960 worth today? The intrinsic value infographic in our free research report helps visualize whether 002960 is currently mispriced by the market.
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。无论如何,投资者应设法确定预期的收益增长或下降是否已计入其中。这样做将帮助他们确定股票的未来是乐观还是不祥的。今天的002960值多少钱?我们的免费研究报告中的内在价值信息图有助于可视化002960目前是否被市场错误定价。
Is Jade Bird Fire Making Efficient Use Of Its Profits?
Jade Bird Fire 是否在有效利用其利润?
Jade Bird Fire has a low three-year median payout ratio of 25%, meaning that the company retains the remaining 75% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
Jade Bird Fire的三年中位数派息率很低,为25%,这意味着该公司保留了剩余的75%的利润。这表明管理层正在将大部分利润再投资以发展业务。
Additionally, Jade Bird Fire has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders.
此外,Jade Bird Fire已在四年内派发了股息,这意味着该公司非常认真地与股东分享利润。
Summary
摘要
In total, we are pretty happy with Jade Bird Fire's performance. Specifically, we like that it has been reinvesting a high portion of its profits at a moderate rate of return, resulting in earnings expansion. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. 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,我们对Jade Bird Fire的表现非常满意。具体而言,我们喜欢它一直在以适度的回报率再投资其很大一部分利润,从而实现了收益的扩张。话虽如此,最新的行业分析师预测显示,该公司的收益有望加速。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。