Will Weakness in 3onedata Co., Ltd.'s (SHSE:688618) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in 3onedata Co., Ltd.'s (SHSE:688618) Stock Prove Temporary Given Strong Fundamentals?
With its stock down 25% over the past three months, it is easy to disregard 3onedata (SHSE:688618). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on 3onedata's ROE.
股價在過去三個月下跌25%，很容易忽略3onedata（SHSE: 688618）。但股票價格通常受到公司長期財務表現的驅動，在這種情況下，前景看起來相當有前途。在本文中，我們決定關注3onedata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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
roe指股東權益回報率，是一種有用的工具，用於評估公司如何有效地從股東獲得的投資中產生回報。簡單來說，這衡量了一家公司相對於股東權益的盈利能力。
How Is ROE Calculated?
淨資產收益率怎麼計算？
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算：
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 3onedata is:
因此，根據上述公式，3onedata的roe爲：
13% = CN¥113m ÷ CN¥877m (Based on the trailing twelve months to March 2024).
13％=CN¥11300萬÷CN¥87700萬（基於截至2024年3月的過去十二個月）。
The 'return' is the profit 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¥0.13 in profit.
‘回報’是過去12個月的利潤。換句話說，對於每1元人民幣的股權，公司能夠賺取0.13元人民幣的利潤。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經確定，roe作爲一種有效的盈利預測工具，可爲公司未來的盈利能力提供參考。基於公司選擇重新投資或“保留”的利潤比例，我們可以評估其未來盈利能力。總的來說，在其他條件相等的情況下，roe和利潤保留比例高的公司比那些不具備這些特點的公司增長速度更快。
A Side By Side comparison of 3onedata's Earnings Growth And 13% ROE
3onedata公司的收益增長和13%的roe的側面比較。
At first glance, 3onedata seems to have a decent ROE. On comparing with the average industry ROE of 6.2% the company's ROE looks pretty remarkable. This probably laid the ground for 3onedata's significant 20% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
從表面上看，3onedata的ROE似乎不錯。與同行業板塊ROE的6.2％平均值相比，該公司的ROE看起來非常顯著。這可能爲3onedata在過去的五年裏實現了20％的淨利潤增長奠定了基礎。我們認爲，這裏還可能有其他因素在起作用。例如，公司的股利支付比率較低或管理高效。
Next, on comparing with the industry net income growth, we found that 3onedata's growth is quite high when compared to the industry average growth of 15% in the same period, which is great to see.
其次，與行業淨利潤增長對比，我們發現3onedata的增長率相當高，而同期行業平均增長率爲15％，這非常令人高興。
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). Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for 688618? You can find out in our latest intrinsic value infographic research report.
收益增長是考慮股票估值時要考慮的重要指標。了解市場是否已經定價了公司的預期收益增長（或下降）對於投資者來說非常重要。這將幫助他們確定股票的未來前景是有前途還是不利。市場是否已經爲688618未來的前景定價？您可以在我們最新的內在價值信息圖研究報告中找到答案。
Is 3onedata Making Efficient Use Of Its Profits?
3onedata是否有效利用了其利潤？
3onedata's three-year median payout ratio is a pretty moderate 28%, meaning the company retains 72% of its income. By the looks of it, the dividend is well covered and 3onedata is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
3onedata的三年中位數股利支付比率相當適中，爲28％，意味着公司保留了其收入的72％。看起來，股息很好覆蓋，3onedata正在以其上面討論的出色增長率有效地再投資其利潤。
Besides, 3onedata has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.
此外，3onedata已在三年期內支付股息。這表明公司致力於與股東分享利潤。
Conclusion
結論
In total, we are pretty happy with 3onedata'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. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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3onedata的表現非常滿意。特別是，我們喜歡公司正在大量再投資其業務，且回報率高。這導致了令人印象深刻的收益增長。儘管如此，最新的分析師預測顯示，公司的盈利將繼續擴張。想了解更多關於該公司的最新分析師預測，請查看此可視化的分析師預測。
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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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