Shanghai Fortune Techgroup Co., Ltd.'s (SZSE:300493) Stock Is Going Strong: Have Financials A Role To Play?
Shanghai Fortune Techgroup Co., Ltd.'s (SZSE:300493) Stock Is Going Strong: Have Financials A Role To Play?
Shanghai Fortune Techgroup (SZSE:300493) has had a great run on the share market with its stock up by a significant 127% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Specifically, we decided to study Shanghai Fortune Techgroup's ROE in this article.
潤欣科技(SZSE:300493)在股市上取得了巨大的成功,其股價在過去三個月中顯著上漲了127%。鑑於股價通常與公司的長期財務表現保持一致,我們決定更仔細地研究其財務指標,以判斷這些指標是否在最近的股價波動中發揮了作用。具體來說,我們決定在本文中研究潤欣科技的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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東權益回報率(roe)是一種關鍵指標,用於評估公司管理層如何有效利用公司資本。更簡單地說,它衡量了公司相對股東權益的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益報酬率?
The formula for ROE is:
roe的公式是:
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 Shanghai Fortune Techgroup is:
因此,根據上述公式,潤欣科技的roe爲:
3.6% = CN¥39m ÷ CN¥1.1b (Based on the trailing twelve months to June 2024).
3.6% = 3900萬元 ÷ 11億人民幣(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. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.04 in profit.
『回報』指的是上一年度稅後的收益。通過將公司的淨收益除以每股股東權益,得出了每1元股東資本的利潤爲0.04元人民幣。
Why Is ROE Important For Earnings Growth?
ROE爲什麼對淨利潤增長很重要?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前爲止,我們已經知道ROE評估了公司利潤生成效率。現在我們需要評估公司回報率或「保留」了多少利潤以供未來增長,從而可以了解公司的增長潛力。總的來說,其他條件相同的情況下,具有高ROE和利潤保留的公司比沒有這些屬性的公司有更高的增長率。
Shanghai Fortune Techgroup's Earnings Growth And 3.6% ROE
潤欣科技的盈利增長和3.6%的roe
As you can see, Shanghai Fortune Techgroup's ROE looks pretty weak. Even compared to the average industry ROE of 5.9%, the company's ROE is quite dismal. Although, we can see that Shanghai Fortune Techgroup saw a modest net income growth of 12% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. 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.
正如您所看到的,潤欣科技的roe看起來相當疲弱。即使與平均行業roe 5.9%相比,該公司的roe也相當糟糕。儘管我們可以看到,潤欣科技在過去五年中淨利潤增長了12%。因此,盈利增長可能很可能由其他變量引起。例如,公司的管理可能做出了一些良好的戰略決策,或者公司的派息比率較低。
As a next step, we compared Shanghai Fortune Techgroup's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 17% in the same period.
作爲下一步,我們將潤欣科技的淨利潤增長與行業進行比較,令人失望的是發現該公司的增長低於同期行業17%的平均增長。
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Shanghai Fortune Techgroup's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值中的一個重要因素。投資者需要下一步判斷的是,預期的收益增長或者缺乏增長是否已經融入股價中。通過這樣做,他們將了解股票是走向清澈的藍海,還是等待泥濘水域。如果您想了解上海潤欣科技的估值,請查看其市盈率,以及與其所在行業板塊相比的情況。
Is Shanghai Fortune Techgroup Efficiently Re-investing Its Profits?
上海潤欣科技是否高效地重新投資其利潤?
With a three-year median payout ratio of 32% (implying that the company retains 68% of its profits), it seems that Shanghai Fortune Techgroup is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
從32%的三年中位數分紅比率(意味着公司保留了其利潤的68%)來看,上海潤欣科技似乎以一種高效的方式重新投資,以獲得可觀的收益增長,並支付得到很好覆蓋的股息。
Moreover, Shanghai Fortune Techgroup 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,從連續八年支付股息的悠久歷史來看,上海潤欣科技決心繼續與股東分享利潤。
Conclusion
結論
On the whole, we do feel that Shanghai Fortune Techgroup has some positive attributes. Specifically, its fairly high earnings growth number, which no doubt was backed by the company's high earnings retention. Still, the low ROE means that all that reinvestment is not reaping a lot of benefit to the investors. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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.
總的來說,我們確實認爲潤欣科技有些積極的特點。具體來說,它相當高的盈利增長數字,毫無疑問是由公司高盈利保留支撐的。然而,低roe意味着所有的再投資並未給投資者帶來太多利益。鑑於此,最新的分析師預測顯示該公司將繼續看到盈利擴張。要了解更多關於公司未來盈利增長預測的信息,請查看此免費的分析師預測報告,以了解更多。
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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。