Are Robust Financials Driving The Recent Rally In Guangdong Senssun Weighing Apparatus Group Ltd.'s (SZSE:002870) Stock?
Are Robust Financials Driving The Recent Rally In Guangdong Senssun Weighing Apparatus Group Ltd.'s (SZSE:002870) Stock?
Guangdong Senssun Weighing Apparatus Group (SZSE:002870) has had a great run on the share market with its stock up by a significant 18% over the last three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Guangdong Senssun Weighing Apparatus Group's ROE.
香山股份(SZSE:002870)在股票市場上表現出色,過去三個月股價上漲了18%。考慮到公司出色的表現,我們決定更仔細地研究它的財務指標,因爲公司的財務健康狀況通常決定長遠的市場結果。本文中,我們決定重點關注香山股份的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
roe或權益回報率是評估公司有效利用股東投資產生回報效率的有用工具。簡而言之,roe顯示每個股東投資所產生的利潤。
How Do You Calculate Return On Equity?
如何計算淨資產收益率?
ROE can be calculated by using the formula:
roe可以通過以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤(來自持續經營) ÷ 股東權益
So, based on the above formula, the ROE for Guangdong Senssun Weighing Apparatus Group is:
所以,基於上述公式,香山股份的roe爲:
9.3% = CN¥251m ÷ CN¥2.7b (Based on the trailing twelve months to September 2024).
9.3% = CN¥25100萬 ÷ CN¥27億(基於截至2024年9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¥0.09 in profit.
「回報」是稅後收益的金額,在過去的十二個月中獲得。一個概念化這個的方法是對於每個CN ¥1的股東資本,公司獲得了CN ¥0.09的利潤。
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. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前爲止,我們已經了解到ROE衡量了公司創造利潤的效率。現在我們需要評估公司爲未來增長「保留」的利潤量,然後我們就能了解公司的增長潛力。如果一切都相等,那麼ROE和利潤保留都更高的公司通常比沒有這些特徵的公司增長率更高。
Guangdong Senssun Weighing Apparatus Group's Earnings Growth And 9.3% ROE
香山股份的盈利增長和9.3%的roe
At first glance, Guangdong Senssun Weighing Apparatus Group'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. Even more so after seeing Guangdong Senssun Weighing Apparatus Group's exceptional 42% net income growth over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. So, there might well be other reasons for the earnings to grow. E.g the company has a low payout ratio or could belong to a high growth industry.
乍一看,香山股份的roe似乎沒有很大的前景。 但是,它的roe高於行業平均水平6.3%的事實並沒有被我們忽視。 更重要的是,看到香山股份在過去五年中淨利潤增長42%。 也就是說,公司的roe起初確實稍微低一些,只是高於行業平均水平。因此,盈利增長可能還有其他原因。比如,公司有較低的分紅派息比率,或者可能屬於高增長行業。
We then compared Guangdong Senssun Weighing Apparatus Group'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 3.9% in the same 5-year period.
然後我們將香山股份的淨利潤增長與行業進行了比較,很高興看到公司的增長數據比行業的增長率高,行業在同一5年期間的增長率爲3.9%。
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. Doing so will help them establish if the stock's future looks promising or ominous. Is Guangdong Senssun Weighing Apparatus Group fairly valued compared to other companies? These 3 valuation measures might help you decide.
爲公司賦予價值的基礎在很大程度上與其盈利增長相關。投資者接下來需要判斷的是,預期的盈利增長或其缺失是否已經體現在股票價格中。這樣做將幫助他們確定股票的未來是看起來有前景還是不妙。香山股份與其他公司相比估值是否合理?這三個估值指標可能會幫助您做出決定。
Is Guangdong Senssun Weighing Apparatus Group Making Efficient Use Of Its Profits?
香山股份是否在高效利用其利潤?
Guangdong Senssun Weighing Apparatus Group has a really low three-year median payout ratio of 14%, meaning that it has the remaining 86% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.
香山股份的三年中位支付率僅爲14%,這意味着它還有86%的剩餘利潤可以再投資於其業務。這表明管理層正在將大部分利潤再投資以促進業務增長,公司的增長情況也證明了這一點。
Additionally, Guangdong Senssun Weighing Apparatus Group has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders.
此外,香山股份在過去七年裏支付了分紅,這意味着公司非常認真地與股東分享其利潤。
Summary
總結
In total, we are pretty happy with Guangdong Senssun Weighing Apparatus Group's performance. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總體來看,我們對香山股份的表現感到非常滿意。 特別是,看到公司在淨利潤方面實現了顯著增長,並且有着可觀的roe和較高的再投資率,真是太好了。 但需要指出的是,公司的盈利增長預計將放緩,這在當前分析師的預估中已被預測到。 這些分析師的預期是基於行業板塊的整體預期,還是基於公司的基本面?點擊這裏查看我們分析師針對公司的預測頁面。
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.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。