Declining Stock and Decent Financials: Is The Market Wrong About Shenzhen SEG Co.,Ltd (SZSE:000058)?
Declining Stock and Decent Financials: Is The Market Wrong About Shenzhen SEG Co.,Ltd (SZSE:000058)?
Shenzhen SEGLtd (SZSE:000058) has had a rough three months with its share price down 12%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Shenzhen SEGLtd's ROE in this article.
深圳市賽格股份有限公司(SZSE:000058)在過去三個月中股價下跌12%。 然而,公司的基本面看起來相當不錯,長期財務狀況通常與未來市場價格走勢相一致。 本文重點探討深圳市賽格股份有限公司的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
淨資產收益率(ROE)是衡量公司增值和管理投資者資金有效性的測試。換句話說,它是一種盈利能力比率,用於衡量公司股東提供的資金回報率。
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 Shenzhen SEGLtd is:
因此,根據上述公式,深圳市賽格股份有限公司的roe爲:
3.9% = CN¥99m ÷ CN¥2.5b (Based on the trailing twelve months to March 2024).
3.9%= CN¥9900萬/ CN¥25億(截至2024年3月的過去十二個月)。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.04 in profit.
“利潤回報率”是過去12個月的利潤。這意味着對於每股股東權益價值爲1元人民幣,公司創造了0.04元人民幣的利潤。
What Has ROE Got To Do With Earnings Growth?
roe與盈利增長有何關係?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前爲止,我們已經了解到roe衡量公司生成利潤的效率。根據公司再投資或“保留”的利潤比例及其有效性,我們能夠評估公司的收益增長潛力。在其他一切保持不變的情況下,roe和利潤保留率越高,公司的增長率就越高,相比於那些不一定擁有這些特性的公司。
Shenzhen SEGLtd's Earnings Growth And 3.9% ROE
深圳市賽格股份有限公司的盈利增長和3.9%的roe
It is quite clear that Shenzhen SEGLtd's ROE is rather low. Further, we noted that the company's ROE is similar to the industry average of 3.9%. Moreover, we are quite pleased to see that Shenzhen SEGLtd's net income grew significantly at a rate of 27% over the last five years. We reckon that there could also be other factors at play thats influencing the company's 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.
很明顯,深圳市賽格股份有限公司的roe相當低。此外,我們注意到該公司的roe與行業平均水平3.9%相似。 此外,我們非常高興地看到,深圳市賽格股份有限公司的淨收入在過去五年中以27%的速度顯着增長。 我們認爲,還可能有其他因素在推動公司的增長,例如,該公司的管理層可能做出了一些明智的戰略決策,或者該公司採取了低派息比率的做法。
When you consider the fact that the industry earnings have shrunk at a rate of 11% in the same 5-year period, the company's net income growth is pretty remarkable.
當您考慮到行業收益在同一五年期內以11%的速度下降時,該公司的淨收入增長相當顯着。
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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). 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 Shenzhen SEGLtd is trading on a high P/E or a low P/E, relative to its industry.
盈利增長是考慮股票估值時重要的指標。投資者要知道市場是否已經定價了公司預期的盈利增長(或下降)。通過這樣做,他們將了解股票是走向清澈的藍色水域還是等待泥濘的水域。預期盈利增長的一個很好的指標是P / E比率,它根據其盈利前景確定市場願意支付的股票價格。因此,您可能需要檢查深圳市賽格股份有限公司是在高P / E還是低P / E交易,相對於其行業。
Is Shenzhen SEGLtd Making Efficient Use Of Its Profits?
深圳市賽格股份有限公司是否有效利用其利潤?
The three-year median payout ratio for Shenzhen SEGLtd is 27%, which is moderately low. The company is retaining the remaining 73%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Shenzhen SEGLtd is reinvesting its earnings efficiently.
深圳市賽格股份有限公司的三年中位數派息比率爲27%,而且這是相對較低的。公司保留了其餘的73%。這表明其股息得到了很好的覆蓋,並且考慮到上面討論的高增長,深圳市賽格股份有限公司似乎正在有效地再投資其收益。
Moreover, Shenzhen SEGLtd is determined to keep sharing its profits with shareholders which we infer from its long history of eight years of paying a dividend.
此外,深圳市賽格股份有限公司決心繼續與股東分享其利潤,因爲其已經有八年的歷史記錄支付股息。
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, it does look like Shenzhen SEGLtd has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 1 risk we have identified for Shenzhen SEGLtd visit our risks dashboard for free.
總的來說,深圳市賽格股份有限公司的業務具有一些積極的方面。儘管其回報率較低,但該公司將其大部分利潤再投資到其業務中,無疑促進了其高增長。雖然我們不完全否認該公司,但我們將嘗試確定業務存在的風險,以做出更爲明智的決策。了解我們爲深圳市賽格股份有限公司確定的第一個風險,請免費訪問我們的風險儀表板。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。