Is Hainan Jinpan Smart Technology Co., Ltd.'s (SHSE:688676) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Hainan Jinpan Smart Technology Co., Ltd.'s (SHSE:688676) Recent Stock Performance Tethered To Its Strong Fundamentals?
Hainan Jinpan Smart Technology (SHSE:688676) has had a great run on the share market with its stock up by a significant 24% over the last three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Hainan Jinpan Smart Technology's ROE.
海南金盘智能科技(上海证券交易所代码:688676)在股票市场上表现良好,其股票在过去三个月中大幅上涨了24%。鉴于从长远来看,市场会奖励强劲的财务状况,我们想知道在这种情况下是否如此。在这篇文章中,我们决定重点关注海南金盘智能科技的投资回报率。
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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
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,它衡量公司相对于股东权益的盈利能力。
How To Calculate Return On Equity?
如何计算股本回报率?
The formula for return on equity is:
股本回报率的公式是:
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 Hainan Jinpan Smart Technology is:
因此,根据上述公式,海南金盘智能科技的投资回报率为:
15% = CN¥508m ÷ CN¥3.4b (Based on the trailing twelve months to March 2024).
15% = 5.08亿元人民币 ÷ 34亿元人民币(基于截至2024年3月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.15 in profit.
“回报” 是过去十二个月的税后收入。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0.15元人民币的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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。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。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。
Hainan Jinpan Smart Technology's Earnings Growth And 15% ROE
海南金盘智能科技的收益增长和15%的投资回报率
To start with, Hainan Jinpan Smart Technology's ROE looks acceptable. On comparing with the average industry ROE of 7.1% the company's ROE looks pretty remarkable. This probably laid the ground for Hainan Jinpan Smart Technology's significant 22% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings 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.
首先,海南金盘智能科技的投资回报率看起来可以接受。与7.1%的行业平均投资回报率相比,该公司的投资回报率看起来相当可观。这可能为海南金盘智能科技在过去五年中实现22%的显著净收入增长奠定了基础。我们认为,可能还有其他方面对公司的收益增长产生积极影响。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 Hainan Jinpan Smart Technology'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 15%.
下一步,我们将海南金盘智能科技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行业15%的平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240426/0-861cc3a50c6e0a0d197f50bf3c00c326-0-1a540f5c8dc275802f1032d13dd8e7c4.png/big)
Earnings growth is an important metric to consider when valuing a stock. 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. 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 Hainan Jinpan Smart Technology is trading on a high P/E or a low P/E, relative to its industry.
收益增长是对股票进行估值时要考虑的重要指标。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。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,您可能需要检查海南金盘智能科技相对于其行业是高市盈率还是低市盈率。
Is Hainan Jinpan Smart Technology Making Efficient Use Of Its Profits?
海南金盘智能科技能否有效利用其利润?
The three-year median payout ratio for Hainan Jinpan Smart Technology is 36%, which is moderately low. The company is retaining the remaining 64%. By the looks of it, the dividend is well covered and Hainan Jinpan Smart Technology is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
海南金盘智能科技的三年中位数派息率为36%,略低。该公司保留了剩余的64%。从表面上看,股息覆盖范围很大,海南金盘智能科技正在有效地对其利润进行再投资,我们上面讨论的其非凡增长就证明了这一点。
While Hainan Jinpan Smart Technology has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend.
尽管海南金盘智能科技的收益一直在增长,但它直到最近才开始派息,这可能意味着该公司决定通过分红给新老股东留下深刻的印象。
Summary
摘要
Overall, we are quite pleased with Hainan Jinpan Smart Technology's performance. 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. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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.
总体而言,我们对海南金盘智能科技的表现非常满意。具体而言,我们喜欢该公司以高回报率再投资其利润的很大一部分。当然,这导致该公司的收益大幅增长。既然如此,分析师的最新预测显示,该公司的收益将继续增长。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。