Is Weakness In Sichuan Swellfun Co.,Ltd (SHSE:600779) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Sichuan Swellfun Co.,Ltd (SHSE:600779) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Sichuan SwellfunLtd (SHSE:600779) has had a rough month with its share price down 21%. 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 Sichuan SwellfunLtd's ROE today.
四川省瀘州老窖股份有限公司 (SHSE:600779) 最近一個月股價下跌了21%。然而,股票價格通常是由公司的長期財務表現驅動的,而在這種情況下,看起來相當有前景。特別是,我們今天會關注四川省瀘州老窖股份有限公司的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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
ROE,即淨資產收益率,是評估公司如何有效地利用股東所投入的資金以產生回報的有用工具。簡單來說,它衡量了公司相對於股東權益的盈利能力。
How To Calculate Return On Equity?
如何計算股東權益回報率?
The formula for ROE is:
ROE的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股東權益回報率 = 凈利潤(來自持續運營)÷ 股東權益
So, based on the above formula, the ROE for Sichuan SwellfunLtd is:
所以,根據上述公式,四川酒鬼酒有限公司的ROE爲:
28% = CN¥1.4b ÷ CN¥5.0b (Based on the trailing twelve months to September 2024).
28% = CN¥14億 ÷ CN¥50億(基於截至2024年9月的過去十二個月)。
The 'return' is the yearly profit. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.28.
'收益'是指年度利潤。這意味着,每當股東投資CN¥1時,公司就能產生CN¥0.28的利潤。
What Is The Relationship Between ROE And Earnings Growth?
What Is The Relationship Between ROE And Earnings Growth?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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,我們已經了解到ROE衡量的是一家公司產生利潤的效率。根據公司選擇再投資或「保留」的利潤比例,我們能夠評估公司未來產生利潤的能力。一般來說,在其他條件相同的情況下,具有高股本回報率和利潤保留的公司,其增長率高於不具備這些特徵的公司。
Sichuan SwellfunLtd's Earnings Growth And 28% ROE
四川盛天誠公司的盈利增長及28%的ROE
First thing first, we like that Sichuan SwellfunLtd has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 16% which is quite remarkable. This probably laid the groundwork for Sichuan SwellfunLtd's moderate 12% net income growth seen over the past five years.
首先,我們很高興四川盛天誠公司擁有令人印象深刻的ROE。此外,該公司的ROE高於行業平均的16%,這一點相當顯著。這可能爲四川盛天誠公司在過去五年中實現12%的凈利潤增長奠定了基礎。
As a next step, we compared Sichuan SwellfunLtd's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 15% in the same period.
作爲下一步,我們將四川盛天誠公司的凈利潤增長與行業進行了比較,發現該公司在同一時期的增長數據與行業平均增長率15%相似。
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). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Sichuan SwellfunLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是股票估值的一個重要因素。投資者需要知道市場是否已經考慮到公司的預期盈利增長(或下降)。這有助於他們判斷股票未來是光明還是暗淡。如果你想了解四川省順豐有限公司的估值,可以查看其市盈率與行業的對比。
Is Sichuan SwellfunLtd Making Efficient Use Of Its Profits?
四川省順豐有限公司是否有效使用其利潤?
Sichuan SwellfunLtd has a three-year median payout ratio of 32%, which implies that it retains the remaining 68% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.
四川省順豐有限公司的三年中位支付比率爲32%,這意味着它保留了剩餘的68%利潤。這表明它的分紅得到了很好的保障,並且考慮到公司良好的增長情況,看起來管理層正在有效地重新投資其盈利。
Moreover, Sichuan SwellfunLtd is determined to keep sharing its profits with shareholders which we infer from its long history of eight years of paying a dividend. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 43% over the next three years. Despite the higher expected payout ratio, the company's ROE is not expected to change by much.
此外,四川省順豐有限公司決心與股東分享其利潤,這可以從其長達八年的分紅歷史中推斷出來。從當前分析師的共識數據來看,我們可以看到該公司未來的支付比率預計將在未來三年內上升到43%。儘管預計支付比率提高,但公司的ROE預計不會有太大變化。
Summary
總結
Overall, we are quite pleased with Sichuan SwellfunLtd'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. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. 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.
總體而言,我們對四川盛豐有限公司的表現非常滿意。特別是,我們喜歡該公司正在大力再投資於其業務,並且獲得了高回報率。毫不奇怪,這導致了令人印象深刻的盈利增長。最新的行業分析師預測顯示,該公司預計將保持其當前的增長率。這些分析師的預期是基於行業的廣泛預期,還是基於公司的基本面?點擊這裏訪問我們分析師的公司預測頁面。
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這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。