Guizhou Aviation Technical Development Co., Ltd (SHSE:688239) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Guizhou Aviation Technical Development Co., Ltd (SHSE:688239) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Guizhou Aviation Technical Development (SHSE:688239) has had a rough month with its share price down 6.7%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Guizhou Aviation Technical Development's ROE today.
貴州航空科技發展(SHSE:688239)最近一個月股價下跌了6.7%。但是,如果您仔細關注,您可能會發現其強大的財務狀況意味着該股票在長期內有可能增值,因爲市場通常會獎勵財務狀況良好的公司。特別是,今天我們將關注貴州航空科技發展的roe。
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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回報率或roe是評估公司管理層如何有效利用公司資本的關鍵指標。簡而言之,ROE顯示每美元股東投資所產生的利潤。
How Do You Calculate Return On Equity?
怎樣計算ROE?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
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 Guizhou Aviation Technical Development is:
因此,根據上述公式,貴州航空技術發展的ROE爲:
11% = CN¥190m ÷ CN¥1.8b (Based on the trailing twelve months to March 2024).
11%= CN¥19000萬 ÷ CN¥18億(基於截至2024年3月的過去十二個月)。
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¥0.11 in profit.
“回報”是指公司過去十二個月稅後所賺的金額。這意味着,每1元股東權益產生了0.11元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼?
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. 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.
我們已經確定roe對於公司未來收益的有效衡量工具。根據公司再投資或“留存”這些利潤的程度及其有效性,我們隨後可以評估公司的收益增長潛力。一般而言,其他條件相同的情況下,roe和利潤留存率較高的公司比不具備這些屬性的公司具有更高的增長率。
Guizhou Aviation Technical Development's Earnings Growth And 11% ROE
貴州航空科技發展的收益增長和11%的roe
On the face of it, Guizhou Aviation Technical Development's ROE is not much to talk about. However, the fact that the its ROE is quite higher to the industry average of 5.0% doesn't go unnoticed by us. Especially when you consider Guizhou Aviation Technical Development's exceptional 27% net income growth over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Hence, there might be some other aspects that are causing 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.
表面上看,貴州航空科技發展的roe不值得一提。然而,其roe相當高於5.0%的行業平均值,這一點我們不會忽視。特別是如果您考慮到貴州航空科技發展過去五年傑出的27%的淨利潤增長,那麼您就會發現情況並非如此。儘管如此,該公司的roe略微偏低,但仍高於行業平均水平。因此,可能有其他方面導致收益增長,例如,可能是整個行業正在經歷高增長階段,或者公司具有較低的派息比率。
As a next step, we compared Guizhou Aviation Technical Development'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 10%.
作爲下一步,我們將貴州航空科技發展的淨利潤增長與行業進行了比較,令人高興的是,我們發現公司的增長高於10%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240619/0-a339db68183f8f7add07356f9ae22670-0-0563594e94a665900b9250d271a74940.png/big)
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Guizhou Aviation Technical Development'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中的重要因素。投資者知道市場是否已經定價了公司預期的收益增長(或下降)非常重要。這樣做將有助於確定股票的未來前景是有前途還是危險。如果您想知道貴州航空科技發展的估值,請查看它的市盈率,以及與其同行業的比較。
Is Guizhou Aviation Technical Development Using Its Retained Earnings Effectively?
貴州航空科技發展是否有效地利用了其留存收益?
Guizhou Aviation Technical Development has a really low three-year median payout ratio of 18%, meaning that it has the remaining 82% 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.
貴州航空科技發展的三年中位數派息比率非常低,爲18%,這意味着它有剩餘的82%可以重新投資於業務中。這表明管理層正在重新投資大部分利潤來擴展業務,正如公司所實現的增長一樣。
Along with seeing a growth in earnings, Guizhou Aviation Technical Development only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 17%. Still, forecasts suggest that Guizhou Aviation Technical Development's future ROE will rise to 20% even though the the company's payout ratio is not expected to change by much.
除了看到收益增長,貴州航空科技發展最近剛開始支付股息。公司有可能在尋求讓股東印象深刻。根據最新的分析師估計,我們發現公司未來三年的派息比率預計將保持穩定在17%。儘管如此,預測表明貴州航空科技發展未來的roe將上升至20%,儘管公司的派息比率不會有太大變動。
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。
In total, we are pretty happy with Guizhou Aviation Technical Development's performance. Particularly, we like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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.
總之,我們對貴州航空科技發展的表現感到非常滿意。特別是,我們喜歡該公司以適度的回報率大力重新投資於業務中的做法。毫不奇怪,這導致了令人印象深刻的收益增長。儘管如此,最新的分析師預測表明,公司未來將繼續看到收益的擴張。這些分析師的預期是基於行業的廣泛預期還是基於公司的基本面?單擊此處以進入我們的分析師預測頁面查看公司的預測。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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