SYoung Group Co., Ltd.'s (SZSE:300740) Stock Has Fared Decently: Is the Market Following Strong Financials?
SYoung Group Co., Ltd.'s (SZSE:300740) Stock Has Fared Decently: Is the Market Following Strong Financials?
SYoung Group's (SZSE:300740) stock is up by 9.0% over the past three months. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Specifically, we decided to study SYoung Group's ROE in this article.
Syoung Group(深圳证券交易所代码:300740)的股票在过去三个月中上涨了9.0%。由于市场通常为公司的长期财务状况买单,因此我们决定研究公司的基本面,看看它们是否会影响市场。具体而言,我们决定在本文中研究Syoung集团的投资回报率。
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 Is ROE Calculated?
ROE 是如何计算的?
Return on equity can be calculated by using the formula:
股本回报率可以使用以下公式计算:
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 SYoung Group is:
因此,根据上述公式,SyOung集团的投资回报率为:
14% = CN¥287m ÷ CN¥2.1b (Based on the trailing twelve months to March 2024).
14% = 2.87亿元人民币 ÷ 21亿元人民币(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. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.14 in profit.
“回报” 是过去十二个月的税后收入。另一种思考方式是,每持有价值1元人民币的股权,该公司就能获得0.14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?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 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.
我们已经确定,投资回报率是衡量公司未来收益的有效盈利指标。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。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。
SYoung Group's Earnings Growth And 14% ROE
Syoung Group 的收益增长和 14% 的投资回报率
At first glance, SYoung Group seems to have a decent ROE. On comparing with the average industry ROE of 10% the company's ROE looks pretty remarkable. This probably laid the ground for SYoung Group's significant 27% net income growth seen over the past five years. However, there could also be other causes behind this 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,Syoung集团的投资回报率似乎不错。与10%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Syoung集团在过去五年中实现27%的显著净收入增长奠定了基础。但是,这种增长背后可能还有其他原因。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。
We then compared SYoung Group'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 9.8% in the same 5-year period.
然后,我们将Syoung集团的净收入增长与该行业进行了比较,我们很高兴地看到,该公司的增长数字比同期同期增长9.8%的行业更高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240527/0-f0b44340319c548862dec25da5541f28-0-cacea2e8194193b49a6ec94b9e8bee3f.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is SYoung Group fairly valued compared to other companies? These 3 valuation measures might help you decide.
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。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。通过这样做,他们将知道股票是走向清澈的蓝色海水,还是沼泽的水域在等着你。与其他公司相比,Syoung集团的估值是否合理?这3种估值指标可能会帮助您做出决定。
Is SYoung Group Making Efficient Use Of Its Profits?
Syoung Group 是否在有效利用其利润?
SYoung Group's three-year median payout ratio to shareholders is 21%, which is quite low. This implies that the company is retaining 79% of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
Syoung Group的三年股东派息率中位数为21%,相当低。这意味着该公司保留了79%的利润。因此,管理层似乎正在将利润大量再投资以发展业务,这反映在其收益增长数字上。
Besides, SYoung Group has been paying dividends over a period of six years. This shows that the company is committed to sharing profits with its shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 13% over the next three years. The fact that the company's ROE is expected to rise to 17% over the same period is explained by the drop in the payout ratio.
此外,Syoung集团已经在六年内派发了股息。这表明该公司致力于与股东分享利润。现有的分析师估计表明,该公司未来的派息率预计将在未来三年降至13%。派息率的下降可以解释该公司的投资回报率预计将在同期上升至17%。
Summary
摘要
On the whole, we feel that SYoung Group'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. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总的来说,我们觉得Syoung集团的表现相当不错。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。最新的行业分析师预测显示,预计该公司将保持目前的增长率。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。
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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。