Wuxi Holyview Microelectronics Co.,Ltd.'s (SHSE:603375) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Wuxi Holyview Microelectronics Co.,Ltd.'s (SHSE:603375) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
With its stock down 16% over the past three months, it is easy to disregard Wuxi Holyview MicroelectronicsLtd (SHSE:603375). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Wuxi Holyview MicroelectronicsLtd's ROE in this article.
在過去三個月中,其股價下跌了16%,很容易被忽視(上海證券交易所代碼:603375)。但是,股票價格通常由公司的長期財務業績驅動,在這種情況下,這看起來很有希望。具體而言,我們決定在本文中研究無錫豪威微電子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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
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。換句話說,它是衡量公司股東提供的資本回報率的盈利比率。
How Do You Calculate Return On Equity?
你如何計算股本回報率?
ROE can be calculated by using the formula:
ROE 可以通過以下公式計算:
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 Wuxi Holyview MicroelectronicsLtd is:
因此,根據上述公式,無錫豪威微電子有限公司的投資回報率爲:
26% = CN¥187m ÷ CN¥716m (Based on the trailing twelve months to December 2023).
26% = 1.87億元人民幣 ÷ 7.16億元人民幣(基於截至2023年12月的過去十二個月)。
The 'return' is the yearly profit. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.26 in profit.
“回報” 是每年的利潤。另一種思考方式是,每持有價值1元人民幣的股權,該公司就能獲得0.26元人民幣的利潤。
Why Is ROE Important For Earnings Growth?
爲什麼投資回報率對收益增長很重要?
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 everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
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。現在,我們需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長,從而使我們對公司的增長潛力有所了解。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。
Wuxi Holyview MicroelectronicsLtd's Earnings Growth And 26% ROE
無錫豪威微電子有限公司的收益增長和26%的投資回報率
First thing first, we like that Wuxi Holyview MicroelectronicsLtd has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 6.3% which is quite remarkable. As a result, Wuxi Holyview MicroelectronicsLtd's exceptional 47% net income growth seen over the past five years, doesn't come as a surprise.
首先,我們喜歡無錫Holyview微電子有限公司的投資回報率令人印象深刻。此外,該公司的投資回報率高於行業平均水平的6.3%,這非常引人注目。因此,無錫Holyview微電子有限公司在過去五年中實現了47%的出人意料的淨收入增長。
We then compared Wuxi Holyview MicroelectronicsLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 8.8% in the same 5-year period.
然後,我們將無錫Holyview微電子有限公司的淨收入增長與該行業進行了比較,我們很高興地看到,與同期同期8.8%的行業相比,該公司的增長數字更高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240425/0-8b1941ee8d9b5144a0c8ea3d6b162b97-0-e4d50e159f2e12a0807bed32122db929.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. If you're wondering about Wuxi Holyview MicroelectronicsLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值的重要因素。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。然後,這可以幫助他們確定股票是爲光明還是暗淡的未來而佈局。如果你想知道無錫Holyview微電子有限公司的估值,可以看看這個衡量其市盈率與行業相比的指標。
Is Wuxi Holyview MicroelectronicsLtd Using Its Retained Earnings Effectively?
無錫豪威微電子有限公司是否在有效使用其留存收益?
Wuxi Holyview MicroelectronicsLtd has a really low three-year median payout ratio of 16%, meaning that it has the remaining 84% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
無錫Holyview MicroelectronicsLtd的三年中位數派息率非常低,爲16%,這意味着其剩餘的84%可以再投資於其業務。這表明管理層正在將大部分利潤再投資於業務增長,公司的增長就證明了這一點。
Summary
摘要
On the whole, we feel that Wuxi Holyview MicroelectronicsLtd's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial 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. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard would have the 3 risks we have identified for Wuxi Holyview MicroelectronicsLtd.
總的來說,我們覺得無錫聖景微電子有限公司的表現相當不錯。具體而言,我們喜歡該公司以高回報率再投資其利潤的很大一部分。當然,這導致該公司的收益大幅增長。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。別忘了,股價結果還取決於公司可能面臨的潛在風險。因此,投資者必須意識到業務所涉及的風險。我們的風險儀表板將包含我們爲無錫Holyview微電子有限公司確定的三種風險。
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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。