Declining Stock and Decent Financials: Is The Market Wrong About Shaanxi Huaqin Technology Industry Co.,Ltd. (SHSE:688281)?
Declining Stock and Decent Financials: Is The Market Wrong About Shaanxi Huaqin Technology Industry Co.,Ltd. (SHSE:688281)?
It is hard to get excited after looking at Shaanxi Huaqin Technology IndustryLtd's (SHSE:688281) recent performance, when its stock has declined 18% over the past three months. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Shaanxi Huaqin Technology IndustryLtd's ROE in this article.
看完了陕西华勤科技股份有限公司(上海证券交易所股票代码:688281)近三个月的表现后,很难感到兴奋,因为其股价下跌了18%。 但是,如果您仔细注意,您可能会发现其关键财务指标看起来相当不错,这可能意味着股票可能在长期内上升,因为市场通常会奖励更具韧性的长期基本面。 具体而言,在本文中,我们决定研究陕西华勤科技股份有限公司的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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股东要考虑的关键因素之一是净资产收益率或roe,因为它告诉他们公司如何有效地重新投资他们的资本。简单点说,它衡量了公司与股东权益相关的盈利能力。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
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 Shaanxi Huaqin Technology IndustryLtd is:
因此,根据上述公式,陕西华勤科技股份有限公司的roe为:
6.3% = CN¥283m ÷ CN¥4.5b (Based on the trailing twelve months to June 2024).
6.3% = CN¥28300万 ÷ CN¥45亿(基于截至2024年6月的过去十二个月).
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¥0.06 in profit.
“回报”是过去12个月的利润。这意味着,对于每1元股东权益价值,该公司可以创造0.06元的利润。
What Is The Relationship Between ROE And Earnings Growth?
ROE与盈利增长之间的关系是什么?
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前为止,我们已经了解到ROE是衡量公司盈利能力的指标。根据公司重新投资或“保留”的利润数量及其有效性,我们能够估计公司盈利增长潜力。假设其他一切保持不变,ROE和利润保留率越高,相对于不一定拥有这些特征的公司而言,公司的增长率就越高。
Shaanxi Huaqin Technology IndustryLtd's Earnings Growth And 6.3% ROE
陕西华勤科技工业有限公司的盈利增长及6.3%的roe
On the face of it, Shaanxi Huaqin Technology IndustryLtd's ROE is not much to talk about. However, given that the company's ROE is similar to the average industry ROE of 6.4%, we may spare it some thought. Moreover, we are quite pleased to see that Shaanxi Huaqin Technology IndustryLtd's net income grew significantly at a rate of 32% over the last five years. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. Such as - high earnings retention or an efficient management in place.
乍一看,陕西华勤科技工业有限公司的roe并不值得一提。然而,考虑到该公司的roe与6.4%的行业平均roe相似,我们可以稍加思考。此外,我们很高兴地看到,陕西华勤科技工业有限公司的净利润在过去五年中以32%的速度显著增长。考虑到roe并不是特别高,我们认为可能还有其他因素在起作用,可能影响着公司的增长,比如高额盈利留存或者有效的管理。
We then compared Shaanxi Huaqin Technology IndustryLtd'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 6.2% in the same 5-year period.
我们随后将陕西华勤科技工业有限公司的净利润增长与行业进行了比较,高兴地发现该公司的增长率比同期5年中6.2%的行业增长率高。
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The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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 Shaanxi Huaqin Technology IndustryLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
衡量一家公司价值的基础,在很大程度上与其利润增长挂钩。投资者需要判断的下一步是预期的利润增长是否已经反映在股价中,这可以帮助他们判断股票未来是光明还是黯淡。如果你想知道陕西华勤科技实业有限公司的估值情况,请查看其市盈率与同行业的比较。
Is Shaanxi Huaqin Technology IndustryLtd Using Its Retained Earnings Effectively?
陕西华勤科技实业有限公司是否有效利用了保留收益?
Shaanxi Huaqin Technology IndustryLtd's ' three-year median payout ratio is on the lower side at 7.9% implying that it is retaining a higher percentage (92%) of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
陕西华勤科技实业有限公司的三年中位数股息比率较低,为7.9%,意味着公司将92%的利润保留下来。这表明公司正在将大部分利润重新投资以推动业务增长。
Along with seeing a growth in earnings, Shaanxi Huaqin Technology IndustryLtd only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 13% over the next three years. However, Shaanxi Huaqin Technology IndustryLtd's future ROE is expected to rise to 13% despite the expected increase in the company's payout ratio. We infer that there could be other factors that could be driving the anticipated growth in the company's ROE.
除了利润增长,陕西华勤科技实业有限公司最近才开始支付股息,很有可能是为了给股东留下深刻印象。根据当前分析师共识数据,我们可以看到公司未来的股息比率预计将在未来三年内上升到13%。然而,尽管公司的股息比率有望上升,但预计ROE也将上升到13%。我们推测可能还有其他因素推动着公司ROE的预期增长。
Conclusion
结论
Overall, we feel that Shaanxi Huaqin Technology IndustryLtd certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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,我们认为陕西华勤科技有一些值得考虑的积极因素。尽管回报率低,但该公司通过大量投资进行了出色的盈利增长。最新的行业分析师预测显示,该公司预计将保持其当前的增长率。要了解更多关于该公司的最新分析师预测,请查看这份分析师预测的可视化报告。
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