Innovation New Material Technology Co., Ltd.'s (SHSE:600361) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Innovation New Material Technology Co., Ltd.'s (SHSE:600361) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Innovation New Material Technology (SHSE:600361) has had a rough three months with its share price down 8.9%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Innovation New Material Technology's ROE today.
创新新材料科技(上海证券交易所代码:600361)经历了艰难的三个月,其股价下跌了8.9%。但是,股票价格通常由公司的长期财务业绩驱动,在这种情况下,这看起来很有希望。特别是,我们今天将关注创新新材料技术的投资回报率。
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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。换句话说,它是衡量公司股东提供的资本回报率的盈利比率。
How Do You Calculate Return On Equity?
你如何计算股本回报率?
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算:
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 Innovation New Material Technology is:
因此,根据上述公式,创新新材料技术的投资回报率为:
9.2% = CN¥974m ÷ CN¥11b (Based on the trailing twelve months to March 2024).
9.2% = 9.74亿元人民币 ÷ 110亿元人民币(基于截至2024年3月的过去十二个月)。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.09 in profit.
“回报” 是过去十二个月的利润。这意味着,每持有价值1元人民币的股权,公司就会产生0.09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?
So far, we've learned that ROE is a measure of a company's profitability. 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.
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。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。
Innovation New Material Technology's Earnings Growth And 9.2% ROE
创新新材料科技的收益增长和9.2%的投资回报率
At first glance, Innovation New Material Technology's ROE doesn't look very promising. Although a closer study shows that the company's ROE is higher than the industry average of 7.0% which we definitely can't overlook. Particularly, the substantial 47% net income growth seen by Innovation New Material Technology over the past five years is impressive . That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. So, there might well be other reasons for the earnings to grow. For example, it is possible that the broader industry is going through a high growth phase, or that the company has a low payout ratio.
乍一看,创新新材料科技的投资回报率看起来并不十分乐观。尽管一项更仔细的研究表明,该公司的投资回报率高于行业平均水平的7.0%,但我们绝对不能忽视。特别是,创新新材料技术在过去五年中实现了47%的净收入大幅增长,这令人印象深刻。话虽如此,该公司的投资回报率一开始确实略低,只是高于行业平均水平。因此,收益增长很可能还有其他原因。例如,整个行业可能正在经历高增长阶段,或者该公司的派息率很低。
Next, on comparing with the industry net income growth, we found that Innovation New Material Technology's growth is quite high when compared to the industry average growth of 8.2% in the same period, which is great to see.
接下来,与行业净收入增长相比,我们发现创新新材料科技的增长与同期8.2%的行业平均增长率相比相当高,这真是令人欣喜。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240524/0-eacbe2fc646495bae8e6b3e1efe8c369-0-70ebfd8d500db106c33352955ac83435.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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Innovation New Material Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是对股票进行估值时要考虑的重要指标。无论情况如何,投资者都应设法确定预期的收益增长或下降是否已计入其中。然后,这可以帮助他们确定股票是为光明还是暗淡的未来而布局。如果你想知道Innovation New Material Technology的估值,可以看看这个衡量其与行业相比的市盈率指标。
Is Innovation New Material Technology Using Its Retained Earnings Effectively?
创新新材料技术能否有效利用其留存收益?
Innovation New Material Technology's three-year median payout ratio is a pretty moderate 30%, meaning the company retains 70% of its income. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Innovation New Material Technology is reinvesting its earnings efficiently.
Innovation New Material Technology的三年派息率中位数为30%,这意味着该公司保留了70%的收入。这表明其股息已得到充分支付,鉴于我们上面讨论的高增长,Innovation New Material Technology似乎正在有效地对其收益进行再投资。
Besides, Innovation New Material Technology has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
此外,Innovation New Material Technology已经派发了至少十年或更长时间。这表明该公司致力于与股东分享利润。
Summary
摘要
Overall, we are quite pleased with Innovation New Material Technology's performance. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. 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,我们对创新新材料技术的表现非常满意。特别是,很高兴看到该公司的收益在可观的投资回报率和高再投资率的支持下实现了显著增长。既然如此,对分析师最新预测的研究表明,预计该公司未来的收益增长将放缓。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。