Does The Market Have A Low Tolerance For SF Diamond Co.,Ltd's (SZSE:300179) Mixed Fundamentals?
Does The Market Have A Low Tolerance For SF Diamond Co.,Ltd's (SZSE:300179) Mixed Fundamentals?
SF DiamondLtd (SZSE:300179) has had a rough week with its share price down 13%. It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Fundamentals usually dictate market outcomes so it makes sense to study the company's financials. Specifically, we decided to study SF DiamondLtd's ROE in this article.
顺丰钻石有限公司(深圳证券交易所代码:300179)经历了艰难的一周,其股价下跌了13%。市场可能忽视了该公司不同的财务状况,决定倾向于负面情绪。基本面通常决定市场结果,因此研究公司的财务状况是有意义的。具体而言,我们决定在本文中研究顺丰钻石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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
ROE或股本回报率是评估公司如何有效地从股东那里获得的投资中获得回报的有用工具。简而言之,它用于评估公司相对于其股权资本的盈利能力。
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 SF DiamondLtd is:
因此,根据上述公式,顺丰钻石有限公司的投资回报率为:
7.8% = CN¥117m ÷ CN¥1.5b (Based on the trailing twelve months to March 2024).
7.8% = 1.17亿元人民币 ÷ 15亿元人民币(基于截至2024年3月的过去十二个月)。
The 'return' is the yearly profit. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.08.
“回报” 是每年的利润。因此,这意味着该公司每投资1元人民币,就会产生0.08元人民币的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系?
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. 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。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。
SF DiamondLtd's Earnings Growth And 7.8% ROE
SF DiamondLtd的收益增长和7.8%的投资回报率
At first glance, SF DiamondLtd's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 7.4%. On the other hand, SF DiamondLtd reported a moderate 12% net income growth over the past five years. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. Such as - high earnings retention or an efficient management in place.
乍一看,顺丰钻石有限公司的投资回报率看起来并不十分乐观。然而,一项更仔细的研究表明,该公司的投资回报率与行业平均水平的7.4%相似。另一方面,顺丰钻石有限公司报告称,在过去五年中,净收入温和增长了12%。鉴于投资回报率略低,可能还有其他一些方面推动这种增长。例如——高收益留存率或实行高效管理。
We then performed a comparison between SF DiamondLtd's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 11% in the same 5-year period.
然后,我们对SF DiamondLtd的净收入增长与该行业进行了比较,结果显示该公司的增长与5年同期11%的行业平均增长率相似。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240422/0-3a6766dd923a30310e4eec2911292a58-0-0e766d21ab0ed1f226a37c7d08fdef59.png/big)
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. This then helps them determine if the stock is placed for a bright or bleak future. 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 SF DiamondLtd is trading on a high P/E or a low P/E, relative to its industry.
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。然后,这可以帮助他们确定股票是面向光明还是暗淡的未来。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,您可能需要检查相对于其行业,顺丰钻石有限公司的市盈率是高还是低。
Is SF DiamondLtd Using Its Retained Earnings Effectively?
顺丰钻石有限公司是否在有效使用其留存收益?
SF DiamondLtd has a very high three-year median payout ratio of 122% suggesting that the company's shareholders are getting paid from more than just the company's earnings. However, this hasn't really hampered its ability to grow as we saw earlier. It would still be worth keeping an eye on that high payout ratio, if for some reason the company runs into problems and business deteriorates. You can see the 2 risks we have identified for SF DiamondLtd by visiting our risks dashboard for free on our platform here.
SF DiamondLtd的三年派息率中位数非常高,为122%,这表明该公司的股东获得的报酬不仅仅是公司的收益。但是,正如我们之前看到的那样,这并没有真正阻碍其增长能力。如果由于某种原因该公司遇到问题并且业务恶化,那么仍然值得关注如此高的派息率。您可以通过访问我们的 SF DiamondLtd 查看我们为顺丰钻石有限公司确定的两种风险 风险仪表板 在我们的平台上免费使用。
Additionally, SF DiamondLtd has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外,SF DiamondLtd已在至少十年内派发了股息,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're a bit ambivalent about SF DiamondLtd's performance. While the company has posted impressive earnings growth, its poor ROE and low earnings retention makes us doubtful if that growth could continue, if by any chance the business is faced with any sort of risk. Up till now, we've only made a short study of the company's growth data. To gain further insights into SF DiamondLtd's past profit growth, check out this visualization of past earnings, revenue and cash flows.
总的来说,我们对顺丰钻石有限公司的表现有些矛盾。尽管该公司公布了令人印象深刻的收益增长,但其糟糕的投资回报率和低的收益保留率使我们怀疑这种增长能否继续,如果有任何可能的话,该业务面临任何风险。到目前为止,我们只对公司的增长数据进行了简短的研究。要进一步了解SF DiamondLtd过去的利润增长,请查看这份过去收益、收入和现金流的可视化图表。
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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。