Will Weakness in Shenzhen VMAX New Energy Co., Ltd.'s (SHSE:688612) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Shenzhen VMAX New Energy Co., Ltd.'s (SHSE:688612) Stock Prove Temporary Given Strong Fundamentals?
With its stock down 27% over the past three months, it is easy to disregard Shenzhen VMAX New Energy (SHSE:688612). 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 Shenzhen VMAX New Energy's ROE today.
Shenzhen VMAX新能母基(SHSE:688612)过去三个月股价下跌27%,容易被忽略。但是如果您仔细观察,可能会发现其强大的财务状况意味着该股票在长期内可能会增值,考虑到市场通常会奖励具有良好财务状况的公司。特别是,我们今天将注意深圳VMAX新能母基(Shenzhen VMAX New Energy)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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或权益回报率是评估公司有效利用股东投资产生回报效率的有用工具。简而言之,roe显示每个股东投资所产生的利润。
How Is ROE Calculated?
净资产收益率怎么计算?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润(从持续经营中获得)÷ 股东权益
So, based on the above formula, the ROE for Shenzhen VMAX New Energy is:
因此,根据上述公式,Shenzhen VMAX新能母基的roe为:
15% = CN¥531m ÷ CN¥3.5b (Based on the trailing twelve months to March 2024).
15%= CN¥531m ÷ CN¥ 3.5b(基于截至2024年3月的过去十二个月)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.15 in profit.
“回报”是业务在过去一年中获得的收入。另一种思考方法是,对于每个价值为1元人民币的股权,公司能够获得0.15元人民币的利润。
What Is The Relationship Between ROE And Earnings Growth?
既然我们已经确定ROE是一种有效的利润生成标准,用于评估公司未来的盈利能力,我们现在需要评估公司“保留”为未来增长而重新投资的利润多少,这使我们对公司的增长潜力有了一个了解。一般而言,在其他条件相等的情况下,ROE和利润留存高的公司,增长率比没有这些属性的公司要高。
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. 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,我们已经了解了ROE是衡量公司盈利能力的一种指标。根据公司选择重新投资或“保留”的利润数量,我们能够评估公司未来产生利润的能力。一般而言,其他条件相等的情况下,具有高股东回报率和利润保留能力的公司比不具备这些属性的公司具有更高的增长率。
A Side By Side comparison of Shenzhen VMAX New Energy's Earnings Growth And 15% ROE
深圳VMAX新能母基收益增长和15%ROE的横向比较
To start with, Shenzhen VMAX New Energy's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 8.1%. This certainly adds some context to Shenzhen VMAX New Energy's exceptional 54% net income growth seen over the past five years. We reckon that there could also be other factors at play here. 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,深圳VMAX新能母基的roe看起来是可以接受的。此外,该公司的roe与行业平均值8.1%相比具有相当的优势。这当然为深圳VMAX新能母基过去五年中异常的54%净利润增长提供了一些背景和语境。我们认为这里还可能存在其他因素。例如,公司的管理层可能自己有做出一些不错的战略决策,或者公司具有低的分红比率。
Next, on comparing with the industry net income growth, we found that Shenzhen VMAX New Energy's growth is quite high when compared to the industry average growth of 8.4% in the same period, which is great to see.
接下来,我们发现,与该行业同期的8.4%的平均增长相比,深圳VMAX新能母基的增长率相当高,这是非常好的。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240622/0-978ad5927f1ec52a687d04d9be5aa1fd-0-4e4401354a16b60b5b7842fb8e88975a.png/big)
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Shenzhen VMAX New Energy's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增长是考虑股票估值时需要考虑的重要指标。投资者了解市场是否已定价公司预期的盈利增长(或下降)是很重要的。这有助于他们确定股票的未来是否光明还是黯淡。如果您想了解深圳VMAX新能母基的估值,请查看其市盈率的此测量值,与其行业比较。
Is Shenzhen VMAX New Energy Making Efficient Use Of Its Profits?
深圳VMAX新能母基是否有效利用其利润?
The three-year median payout ratio for Shenzhen VMAX New Energy is 47%, which is moderately low. The company is retaining the remaining 53%. So it seems that Shenzhen VMAX New Energy is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
深圳VMAX新能母基的三年中位数分红比率为47%,属于中等水平。该公司保留了其余的53%。因此,看起来深圳VMAX新能母基正在以一种有效的方式进行再投资,以实现其收益(上面讨论过)的惊人增长并支付股息。
Summary
总的来说,我们对伟明环保的表现非常满意。具体而言,我们喜欢公司以高回报率再投资了其利润的很大一部分。当然,这导致公司的收益大幅增长。但是,最新的行业分析师预测表明,该公司的收益预计将加速增长。
Overall, we are quite pleased with Shenzhen VMAX New Energy's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. 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 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,我们对深圳VMAX新能母基的表现非常满意。特别地,我们喜欢公司正在大量的对其业务进行再投资,并以很高的回报率进行。毫不奇怪的是,这导致了卓越的收益增长。不过,预计深圳VMAX新能母基的收益增长将放缓,根据目前的分析师预测。要了解有关该公司未来收益增长预测的更多信息,请查看有关公司的此免费报告分析师的预测。
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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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