Inner Mongolia Xingye Silver &Tin Mining Co.,Ltd's (SZSE:000426) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Inner Mongolia Xingye Silver &Tin Mining Co.,Ltd's (SZSE:000426) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Most readers would already know that Inner Mongolia Xingye Silver &Tin MiningLtd's (SZSE:000426) stock increased by 5.1% 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. Particularly, we will be paying attention to Inner Mongolia Xingye Silver &Tin MiningLtd's ROE today.
大多數讀者應該已經知道,內蒙古興業銀錫股份有限公司(SZSE:000426)的股價在過去三個月內上漲了5.1%。鑑於市場長期重視強勁的財務狀況,我們想知道這種情況是否也適用於這種情況。特別是,我們今天將關注內蒙古興業銀錫股份有限公司的roe。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股東必須考慮股本回報率或ROE,因爲它告訴他們公司如何有效地重新投資他們的資本。 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 Inner Mongolia Xingye Silver &Tin MiningLtd is:
因此,根據上述公式,內蒙古興業銀錫股份有限公司的ROE爲:
17% = CN¥1.2b ÷ CN¥6.8b (Based on the trailing twelve months to March 2024).
17%= CN¥ 12億 ÷ CN¥ 68億(根據截至2024年3月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.17 in profit.
“收益”是上一年度稅後收入。換句話說,對於每元人民幣的股權,公司能夠獲得0.17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. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前爲止,我們已經了解到roe是衡量公司盈利能力的一種指標。根據公司選擇重新投資或'保留'多少利潤,我們就能夠評估公司未來生成利潤的能力。假設其他條件相同,那些具有更高股本回報率和更高利潤留存的公司通常比沒有這些特徵的公司有更高的增長率。
Inner Mongolia Xingye Silver &Tin MiningLtd's Earnings Growth And 17% ROE
內蒙古興業銀錫股份有限公司的盈利增長和17%的ROE
To begin with, Inner Mongolia Xingye Silver &Tin MiningLtd seems to have a respectable ROE. On comparing with the average industry ROE of 7.4% the company's ROE looks pretty remarkable. This certainly adds some context to Inner Mongolia Xingye Silver &Tin MiningLtd's exceptional 73% net income growth seen over the past five years. However, there could also be other causes behind this growth. 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,內蒙古興業銀錫股份有限公司似乎擁有一項可觀的roe。與行業平均roe 7.4%相比,該公司的roe看起來相當不錯。這無疑爲內蒙古興業銀錫股份有限公司過去五年中出色的73%淨收入增長提供了一些背景。不過,這種增長背後也可能存在其他原因。例如,公司管理層可能作出了一些明智的戰略決策,或者公司的派息比率很低。
We then compared Inner Mongolia Xingye Silver &Tin MiningLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 11% in the same 5-year period.
然後,我們將內蒙古興業銀錫股份有限公司的淨收入增長與行業進行了比較,很高興看到,該公司的增長率比同一5年期內具有11%增長率的行業要高。
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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). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Inner Mongolia Xingye Silver &Tin MiningLtd is trading on a high P/E or a low P/E, relative to its industry.
盈利增長是股票估值的巨大因素。投資者知道市場是否已經把公司的預期收益增長(或下降)定價。這樣做,他們就可以知道股票是走向清晰的藍色水域還是沼澤水域。預期收益增長的一個很好的指標是市盈率,它決定市場根據公司的盈利前景願意爲一隻股票付出多少錢。因此,您可能需要檢查內蒙古興業銀錫股份有限公司的市盈率是否高於或低於其行業水平。
Is Inner Mongolia Xingye Silver &Tin MiningLtd Using Its Retained Earnings Effectively?
內蒙古興業銀錫股份有限公司是否有效利用留存收益?
Inner Mongolia Xingye Silver &Tin MiningLtd has a really low three-year median payout ratio of 15%, meaning that it has the remaining 85% left over to reinvest into its business. So it looks like Inner Mongolia Xingye Silver &Tin MiningLtd is reinvesting profits heavily to grow its business, which shows in its earnings growth.
內蒙古興業銀錫股份有限公司的三年中位數派息比率非常低,爲15%,這意味着其餘85%可用於重新投資業務。因此,看起來內蒙古興業銀錫股份有限公司正在大量重新投資利潤以增長其業務,並在其盈利增長中表現出來。
Moreover, Inner Mongolia Xingye Silver &Tin MiningLtd 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,從內蒙古興業銀錫股份有限公司至少十年支付股息的漫長曆史推斷,該公司決心繼續與股東分享利潤。
Conclusion
結論
Overall, we are quite pleased with Inner Mongolia Xingye Silver &Tin MiningLtd'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. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
總體而言,我們對內蒙古興業銀錫股份有限公司的表現非常滿意。特別是,我們喜歡該公司正在大量重新投資其業務,並以高回報率進行。毫不奇怪,這導致了令人矚目的盈利增長。話雖如此,最新的行業分析師預測顯示,預計該公司的盈利增長將放緩。這些分析師的預期是基於行業的廣泛預期,還是基於公司自身基本面?單擊此處進入我們的分析師預測頁面。
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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?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至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
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。