Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
With its stock down 9.4% over the past month, it is easy to disregard Chaozhou Three-Circle (Group)Ltd (SZSE:300408). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to Chaozhou Three-Circle (Group)Ltd's ROE today.
过去一个月,Chaozhou Three-Circle (Group)Ltd (SZSE:300408)的股价下跌了9.4%,很容易被忽视。然而,股价通常受到公司长期的财务业绩驱动,在这个案例中看起来相当有希望。特别是,我们将关注Chaozhou Three-Circle (Group)Ltd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.
股本回报率或roe是评估公司管理层如何有效利用公司资本的关键指标。简而言之,ROE显示每美元股东投资所产生的利润。
How Do You Calculate Return On Equity?
怎样计算ROE?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
净资产收益率 = 净利润(从持续经营中获得)÷ 股东权益
So, based on the above formula, the ROE for Chaozhou Three-Circle (Group)Ltd is:
所以,基于上述公式,Chaozhou Three-Circle (Group)Ltd的roe是:
9.1% = CN¥1.7b ÷ CN¥19b (Based on the trailing twelve months to March 2024).
9.1% = CN¥17亿 ÷ CN¥190亿(基于截至2024年3月的过去12个月)。
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¥0.09 in profit.
“回报”是指过去十二个月纳税后赚取的金额。另一种理解方式是,对于每1元的股权,公司能够赚取0.09元的利润。
What Has ROE Got To Do With Earnings Growth?
roe与盈利增长有何关系?
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. 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.
到目前为止,我们已经了解了ROE是衡量公司盈利能力的一个指标。我们现在需要评估公司再投资或“保留”未来增长的利润量,以此给我们提供公司增长潜力的想法。假设其他所有因素保持不变,ROE和利润保留率越高,相比不具备这些特征的公司,这些公司的增长率就越高。
A Side By Side comparison of Chaozhou Three-Circle (Group)Ltd's Earnings Growth And 9.1% ROE
潮州三圈(集团)有限公司的盈利增长和9.1%的roe的一对比
At first glance, Chaozhou Three-Circle (Group)Ltd's ROE doesn't look very promising. However, the fact that the its ROE is quite higher to the industry average of 6.3% doesn't go unnoticed by us. Consequently, this likely laid the ground for the decent growth of 7.7% seen over the past five years by Chaozhou Three-Circle (Group)Ltd. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Therefore, the growth in earnings could also be the result of other factors. Such as- high earnings retention or the company belonging to a high growth industry.
乍一看,潮州三圈(集团)有限公司的roe看起来并不是很令人期待。然而,它的roe相对于行业平均水平6.3%来说却很高,这一点我们是有所注意到的。因此,这很可能为潮州三圈(集团)有限公司过去五年的7.7%的相对良好增长奠定了基础。话虽如此,该公司的roe起点略低,只是相对于行业平均水平而言较高。因此,收益增长也可能是其他因素的结果,比如高收益保留或者公司所属的高增长行业。
As a next step, we compared Chaozhou Three-Circle (Group)Ltd's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 5.9%.
作为下一步,我们将潮州三圈(集团)有限公司的净利润增长与行业进行了比较,令人欣慰的是,我们发现该公司的增长率高于行业平均水平5.9%。
![1724807905795](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240828/42974373-0-c01a860a37cf9ae0c1fd59d27ae8f388.webp/bigjpg)
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. Is Chaozhou Three-Circle (Group)Ltd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的一个重要因素。对于投资者来说,了解市场是否已经将公司的预期盈利增长(或下降)计入价格非常重要。通过这样做,他们就可以判断股票是是否进入了明朗的水域,还是即将面临着污浊的水域。潮州市三圈(集团)有限公司与其他公司相比,是否公平定价?以下这三个估值指标或许能帮您做决策。
Is Chaozhou Three-Circle (Group)Ltd Making Efficient Use Of Its Profits?
潮州市三圈(集团)有限公司是否有效地利用其利润?
With a three-year median payout ratio of 32% (implying that the company retains 68% of its profits), it seems that Chaozhou Three-Circle (Group)Ltd is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
根据三年的中位数分红比率为32%(即公司保留了68%的利润),看起来潮州市三圈(集团)有限公司以一种有效的方式进行再投资,以实现其盈利的可观增长,并支付了良好保障的股息。
Additionally, Chaozhou Three-Circle (Group)Ltd has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders. 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 27%. However, Chaozhou Three-Circle (Group)Ltd's ROE is predicted to rise to 12% despite there being no anticipated change in its payout ratio.
此外,潮州市三圈(集团)有限公司已连续九年支付股息,这意味着该公司非常重视与股东分享利润。根据最新的分析师预测,我们发现该公司未来三年的股息支付比率预计将保持稳定在27%。然而,潮州市三圈(集团)有限公司的ROE预计将提高到12%,尽管其股息支付比率预计不会发生变化。
Summary
总的来说,我们对伟明环保的表现非常满意。具体而言,我们喜欢公司以高回报率再投资了其利润的很大一部分。当然,这导致公司的收益大幅增长。但是,最新的行业分析师预测表明,该公司的收益预计将加速增长。
On the whole, we feel that Chaozhou Three-Circle (Group)Ltd's performance has been quite good. Specifically, we like that it has been reinvesting a high portion of its profits at a moderate rate of return, resulting in earnings expansion. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言,我们认为潮州三圈(集团)有限公司的表现相当不错。具体而言,我们喜欢它以适度的回报率再投入其利润的高比例,导致盈利扩张。话虽如此,在看当前分析师预测时,我们发现该公司的盈利预计将会加速增长。要了解更多有关该公司最新分析师预测的信息,请查看该公司的分析师预测可视化。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。