BCEG Environmental Remediation Co., Ltd.'s (SZSE:300958) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
BCEG Environmental Remediation Co., Ltd.'s (SZSE:300958) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
It is hard to get excited after looking at BCEG Environmental Remediation's (SZSE:300958) recent performance, when its stock has declined 21% 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. In this article, we decided to focus on BCEG Environmental Remediation's ROE.
看了BCEG环境修复公司(深圳证券交易所代码:300958)最近的表现,很难感到兴奋,当时其股票在过去三个月中下跌了21%。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。在本文中,我们决定重点介绍BCEG环境修复的投资回报率。
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 To Calculate Return On Equity?
如何计算股本回报率?
The formula for ROE is:
ROE 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 BCEG Environmental Remediation is:
因此,根据上述公式,BCEG环境修复的投资回报率为:
6.8% = CN¥97m ÷ CN¥1.4b (Based on the trailing twelve months to September 2023).
6.8% = 9700万元人民币 ÷ 14亿元人民币(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¥0.07 in profit.
“回报” 是指公司去年的收益。这意味着,公司每获得价值1元人民币的股东权益,就会产生0.07元的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要?
So far, we've learned that ROE is a measure of a company's profitability. 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,投资回报率是衡量公司盈利能力的指标。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。
A Side By Side comparison of BCEG Environmental Remediation's Earnings Growth And 6.8% ROE
BCEG环境修复的收益增长和6.8%的投资回报率的并排比较
At first glance, BCEG Environmental Remediation's ROE doesn't look very promising. However, its ROE is similar to the industry average of 6.3%, so we won't completely dismiss the company. On the other hand, BCEG Environmental Remediation reported a moderate 8.7% net income growth over the past five years. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
乍一看,BCEG环境修复的投资回报率看起来并不十分乐观。但是,其投资回报率与行业平均水平的6.3%相似,因此我们不会完全解散该公司。另一方面,BCEG环境修复报告称,在过去五年中,净收入温和增长了8.7%。考虑到投资回报率不是特别高,我们认为还可能有其他因素在起作用,这些因素可能会影响公司的增长。例如,公司的管理层可能做出了一些良好的战略决策,或者公司的派息率很低。
As a next step, we compared BCEG Environmental Remediation's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 7.3% in the same period.
下一步,我们将BCEG环境修复公司的净收入增长与该行业进行了比较,发现与同期7.3%的行业平均增长率相比,该公司的增长数字相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240419/0-202bc724df3f12842452deb1e742ee24-0-2ca839d6c6ccc9976b550488a19d4496.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about BCEG Environmental Remediation's's valuation, check out this gauge of its price-to-earnings ratio, as compared 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。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。这样做将帮助他们确定股票的未来是乐观还是不祥的。如果你想知道BCEG Environmental Remediation的估值,可以看看这个衡量其市盈率与行业相比的指标。
Is BCEG Environmental Remediation Using Its Retained Earnings Effectively?
BCEG环境修复能否有效利用其留存收益?
In BCEG Environmental Remediation's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 23% (or a retention ratio of 77%), which suggests that the company is investing most of its profits to grow its business.
就BCEG环境修复公司而言,其可观的收益增长可以用其三年中位数派息率低至23%(或77%的留存率)来解释,这表明该公司正在将大部分利润投资于业务增长。
Besides, BCEG Environmental Remediation has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.
此外,BCEG环境修复已在三年内派发了股息。这表明该公司致力于与股东分享利润。
Summary
摘要
On the whole, we do feel that BCEG Environmental Remediation has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 2 risks we have identified for BCEG Environmental Remediation by visiting our risks dashboard for free on our platform here.
总的来说,我们确实认为BCEG环境修复具有一些积极的属性。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。虽然我们不会完全解散公司,但我们要做的是努力确定业务的风险,以便在公司周围做出更明智的决定。您可以访问我们的 BCEG 环境修复确定的 2 种风险 风险仪表板 在我们的平台上免费使用。
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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。