Is CITIC Telecom International Holdings Limited's (HKG:1883) Recent Performance Tethered To Its Attractive Financial Prospects?
Is CITIC Telecom International Holdings Limited's (HKG:1883) Recent Performance Tethered To Its Attractive Financial Prospects?
CITIC Telecom International Holdings' (HKG:1883) stock up by 6.3% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on CITIC Telecom International Holdings' ROE.
在過去的三個月中,中信國際電訊國際控股(HKG:1883)的股價上漲了6.3%。鑑於市場長期以來致力於回報強勁的財務狀況,我們想知道這一情況是否也適用於本次。在本文中,我們決定關注中信國際電訊國際控股的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 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 CITIC Telecom International Holdings is:
因此,根據上述公式,中信國際電訊國際控股的roe爲:
12% = HK$1.3b ÷ HK$11b (Based on the trailing twelve months to December 2023).
12%= HK$13億 ÷ HK$110億(基於截至2023年12月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every HK$1 of its shareholder's investments, the company generates a profit of HK$0.12.
“回報率”是指上一年度稅後收入。這意味着,對於股東投資的每1港元,該公司可以獲得0.12港元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
既然我們已經確定ROE是一種有效的利潤生成標準,用於評估公司未來的盈利能力,我們現在需要評估公司“保留”爲未來增長而重新投資的利潤多少,這使我們對公司的增長潛力有了一個了解。一般而言,在其他條件相等的情況下,ROE和利潤留存高的公司,增長率比沒有這些屬性的公司要高。
So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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.
到目前爲止,我們已經了解到ROE是衡量公司盈利能力的一個指標。現在我們需要評估公司再投資或“保留”未來增長所需的利潤,然後我們可以大致了解公司的增長潛力。一般來說,在其他條件相等的情況下,具有高ROE和利潤保留的公司比沒有這些屬性的公司具有更高的增長率。
CITIC Telecom International Holdings' Earnings Growth And 12% ROE
中信國際電訊國際控股的盈利增長和12%的roe
To start with, CITIC Telecom International Holdings' ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 6.1%. This probably laid the ground for CITIC Telecom International Holdings' moderate 6.4% net income growth seen over the past five years.
首先,中信國際電訊國際控股的roe看起來是可以接受的。此外,該公司的roe與行業平均水平6.1%相比較相當有優勢。這可能爲中信國際電訊國際控股過去五年的溫和6.4%的淨利潤增長打下了基礎。
We then performed a comparison between CITIC Telecom International Holdings' net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 7.9% in the same 5-year period.
然後我們比較了中信國際電訊國際控股的淨收入增長與該行業的增長情況,發現該公司的增長與同一5年期間行業平均增長7.9%相當。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240705/0-3898324e9667a120e548c35a9d84b7d3-0-1fc05afc5401ede421069a7ef84b8ffe.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). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about CITIC Telecom International Holdings''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是估值股票時需要考慮的重要指標。投資者知道市場是否已經對公司預計的盈利增長(或下降)進行了定價至關重要。這將幫助他們確定股票的未來前景,是光明的還是不祥的。如果您想了解中信國際電訊國際控股的估值,請查看其市盈率與所在行業的比較。
Is CITIC Telecom International Holdings Efficiently Re-investing Its Profits?
中信國際電訊國際控股是否有效地重新投資其利潤?
CITIC Telecom International Holdings has a significant three-year median payout ratio of 76%, meaning that it is left with only 24% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders.
中信國際電訊國際控股有一個顯著的三年中位數的支付比率爲76%,這意味着只有24%可以重新投資到業務中。這意味着儘管大部分利潤返還給股東,但該公司仍然能夠實現可觀的盈利增長。
Moreover, CITIC Telecom International Holdings 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. 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 80%. As a result, CITIC Telecom International Holdings' ROE is not expected to change by much either, which we inferred from the analyst estimate of 11% for future ROE.
此外,中信國際電訊國際控股有意與股東分享利潤,這是我們從至少十年支付股息的悠久歷史中推斷出的。根據最新的分析師估計,我們發現公司未來三年的支付比率預計將保持穩定在80%。因此,我們從分析師預測roe爲11%來推斷,中信國際電訊國際控股的roe預計也不會有太大變化。
Conclusion
結論
On the whole, we feel that CITIC Telecom International Holdings' performance has been quite good. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. 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.
總體而言,我們認爲中信國際電訊國際控股的表現相當不錯。特別是其高roe非常值得關注,也是其可觀盈利增長的可能解釋。然而,該公司保留了一小部分利潤。這意味着儘管如此,公司仍能實現盈利增長,並不算太糟糕。然而,根據目前的分析師預測,該公司的盈利增長預計將放緩。要想了解更多有關該公司未來盈利增長預測的信息,請查看本公司有關分析師預測的免費報告。
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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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