Will Weakness in Yongjin Technology Group Co., Ltd.'s (SHSE:603995) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Yongjin Technology Group Co., Ltd.'s (SHSE:603995) Stock Prove Temporary Given Strong Fundamentals?
Yongjin Technology Group (SHSE:603995) has had a rough month with its share price down 16%. 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 Yongjin Technology Group's ROE today.
甬金股份(SHSE:603995)過去的一個月表現不佳,股價下跌了16%。但是,如果你仔細觀察,你可能會發現它強勁的財務狀況意味着該股票在長期內有可能價值上漲,因爲市場通常會獎勵具有良好財務狀況的公司。特別是,我們今天將關注甬金股份的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東權益回報率ROE是測試公司增值能力和管理股東投資的有效性的指標。更簡單地說,它衡量公司在股東權益中的盈利能力。
How Do You Calculate Return On Equity?
怎樣計算ROE?
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 Yongjin Technology Group is:
所以,根據上述公式,甬金股份的roe爲:
13% = CN¥861m ÷ CN¥6.4b (Based on the trailing twelve months to June 2024).
13% = CN¥86100萬 ÷ CN¥64億(基於截至2024年6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 CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.13.
「回報」是指過去十二個月稅後所得。這意味着對於每一元股東投資,公司會產生0.13元的利潤。
What Is The Relationship Between ROE And Earnings Growth?
ROE與盈利增長之間的關係是什麼?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.
我們已經意識到,ROE作爲公司未來盈利的有效衡量值。根據公司重新投資或「保留」這些利潤的程度,以及公司有效地運用這些利潤的程度,我們就能評估公司的盈利增長潛力。假設其他所有因素保持不變,ROE和利潤保留越高,增長率就會越高,相比於沒有這些特點的公司,公司的增長率就會更高。
A Side By Side comparison of Yongjin Technology Group's Earnings Growth And 13% ROE
甬金股份的淨利潤增長和13%的roe的並排比較
At first glance, Yongjin Technology Group seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 7.5%. Probably as a result of this, Yongjin Technology Group was able to see a decent growth of 8.6% over the last five years.
乍一看,甬金股份的roe似乎不錯。此外,該公司的roe與行業平均水平(7.5%)相比較有優勢。可能正是因爲這個原因,甬金股份過去五年的增長率達到了8.6%左右。
We then performed a comparison between Yongjin Technology Group's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 10% in the same 5-year period.
然後我們對甬金股份的淨利潤增長與行業進行了比較,結果表明該公司的增長與同一五年期內行業的平均增長(10%)相似。

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Yongjin Technology Group's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
當評估一隻股票時,盈利增長是一個重要的指標。接下來,投資者需要判斷預期的盈利增長是否已經反映在股價中,這有助於他們判斷股票的未來前景是光明還是黯淡。如果你想了解甬金股份的估值情況,請查看其與行業相比的市盈率。
Is Yongjin Technology Group Efficiently Re-investing Its Profits?
甬金股份有效地重新投資其利潤嗎?
With a three-year median payout ratio of 34% (implying that the company retains 66% of its profits), it seems that Yongjin Technology Group is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
通過三年的中位數派息比率爲34%(意味着公司留存了66%的利潤),甬金股份似乎以一種有效的方式進行再投資,以實現盈利的可觀增長並支付良好覆蓋的股息。
Additionally, Yongjin Technology Group has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 21% over the next three years. Despite the lower expected payout ratio, the company's ROE is not expected to change by much.
此外,甬金股份在過去四年內支付了股息,這意味着公司非常重視與股東分享利潤。現有的分析師預測顯示,公司未來的派息比率預計將下降到21%。儘管預計派息比率較低,但公司的roe不太可能發生大變化。
Conclusion
結論
Overall, we are quite pleased with Yongjin Technology Group'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, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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,我們對甬金股份的表現非常滿意。特別是,我們喜歡公司正在以很高的回報率大量 reinvest into its 業務.不出所料,這導致了令人印象深刻的利潤增長。話雖如此,從目前的分析師預測來看,我們發現公司的利潤預計將會加速增長。如果想了解更多關於公司未來利潤增長預測的信息,請查看這份關於公司分析師預測的免費報告,以獲取更多信息。
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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。