Chengdu Wintrue Holding Co., Ltd.'s (SZSE:002539) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Chengdu Wintrue Holding Co., Ltd.'s (SZSE:002539) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Chengdu Wintrue Holding (SZSE:002539) has had a great run on the share market with its stock up by a significant 10% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Chengdu Wintrue Holding's ROE.
雲圖控股(SZSE:002539)在股市上表現出色,股價在過去三個月中顯著上漲了10%。由於市場通常會爲一家公司的長期基本面付費,我們決定研究公司的關鍵績效指標,以確定是否可能會影響市場。在本文中,我們決定專注於研究雲圖控股的ROE。
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.
roe,即淨資產收益率,是一種評估公司如何有效地從股東手中獲取投資回報的有用工具。換句話說,它是一種盈利能力比率,衡量公司股東提供的資本的回報率。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
The formula for return on equity is:
權益回報率的計算公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤(從持續經營中獲得)÷ 股東權益
So, based on the above formula, the ROE for Chengdu Wintrue Holding is:
因此,根據上述公式,雲圖控股的ROE爲:
8.6% = CN¥733m ÷ CN¥8.6b (Based on the trailing twelve months to March 2024).
8.6%= CN ¥73300萬 ÷ CN¥86億(基於截至2024年3月的過去十二個月)。
The 'return' is the yearly profit. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.09 in profit.
『回報』是每年的利潤,這意味着公司每CN¥1的股東權益產生CN¥0.09的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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roe是公司盈利能力的一種衡量標準。根據公司選擇重新投資或「留存」的利潤比例,我們能夠評估公司未來產生利潤的能力。其他條件不變的情況下,roe和盈利留存越高,相較於不具備這些特徵的公司,企業的增長率越高。
Chengdu Wintrue Holding's Earnings Growth And 8.6% ROE
雲圖控股的收益增長和8.6%的ROE
On the face of it, Chengdu Wintrue Holding's ROE is not much to talk about. However, the fact that the its ROE is quite higher to the industry average of 6.3% doesn't go unnoticed by us. Particularly, the substantial 30% net income growth seen by Chengdu Wintrue Holding over the past five years is impressive . Bear in mind, the company does have a moderately low ROE. It is just that the industry ROE is lower. 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.
從表面上看,雲圖控股的ROE並沒有什麼可談的。然而,其ROE相當高於行業平均水平的6.3%,這一點我們不會忽視。特別地,雲圖控股在過去五年中實現了30%的淨利潤增長,這是令人印象深刻的。請注意,該公司的ROE相對較低。只不過行業ROE更低。因此,收益增長可能存在其他原因。例如,可能是更廣泛的行業正在經歷高增長階段,或者公司具有較低的支付比率。
As a next step, we compared Chengdu Wintrue Holding'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 7.8%.
作爲下一步,我們將雲圖控股的淨利潤增長與行業進行比較,並高興地發現,公司實現的增長高於7.8%的平均行業增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240528/0-ab39b0dd2f86e1f52438b086740944c2-0-4c24aad2fd806759e20deab81a9afc3d.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. 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 Chengdu Wintrue Holding is trading on a high P/E or a low P/E, relative to its industry.
收益增長是股票估值的重要因素。投資者需要確定的下一步是,期望的收益增長,或者缺乏期望的收益增長,是否已經反映在股價中。這樣做將有助於他們確定股票未來的前景是光明還是不妙。一種預期收益增長的良好指標是市盈率,它根據股票的盈利前景確定市場願意支付的價格。因此,您可能需要檢查雲圖控股相對於其行業的市盈率是高還是低。
Is Chengdu Wintrue Holding Using Its Retained Earnings Effectively?
雲圖控股是否有效利用其未分配利潤?
The three-year median payout ratio for Chengdu Wintrue Holding is 27%, which is moderately low. The company is retaining the remaining 73%. So it seems that Chengdu Wintrue Holding is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
雲圖控股的三年中位數支付比率爲27%,屬於中等偏低水平。該公司保留了剩餘的73%。因此,看起來雲圖控股正在以一種看似高效的方式進行再投資,從而實現了盈利的印展(上文已講述),並支付了經過良好覆蓋的股息。
Moreover, Chengdu Wintrue Holding is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外,我們可以從雲圖控股至少連續支付十年的股息歷史中推斷,該公司決心繼續與股東分享利潤。
Summary
總的來說,我們對偉明環保的表現非常滿意。具體而言,我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然,這導致公司的收益大幅增長。但是,最新的行業分析師預測表明,該公司的收益預計將加速增長。
Overall, we are quite pleased with Chengdu Wintrue Holding's performance. Specifically, we like that it has been reinvesting a high portion of its profits at a moderate rate of return, resulting in earnings expansion. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們對雲圖控股的表現感到相當滿意。具體而言,我們喜歡它已成爲一家在適度回報率下高比例再投資利潤,從而實現盈利擴張的公司。話雖如此,公司的盈利增長預計將放緩,正如當前分析師預測中所預測的那樣。如果想要了解更多關於該公司的最新分析師預測,請查看此可視化分析師預測的鏈接。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。