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Will Weakness in Anhui Expressway Company Limited's (HKG:995) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Anhui Expressway Company Limited's (HKG:995) Stock Prove Temporary Given Strong Fundamentals?
Anhui Expressway (HKG:995) has had a rough month with its share price down 10.0%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study Anhui Expressway's ROE in this article.
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
View our latest analysis for Anhui Expressway
How To Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Anhui Expressway is:
13% = CN¥1.5b ÷ CN¥12b (Based on the trailing twelve months to December 2021).
The 'return' is the profit over the last twelve months. So, this means that for every HK$1 of its shareholder's investments, the company generates a profit of HK$0.13.
What Has ROE Got To Do With Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
Anhui Expressway's Earnings Growth And 13% ROE
To start with, Anhui Expressway's ROE looks acceptable. Especially when compared to the industry average of 9.7% the company's ROE looks pretty impressive. This probably laid the ground for Anhui Expressway's moderate 5.2% net income growth seen over the past five years.
We then compared Anhui Expressway's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 6.7% in the same period, which is a bit concerning.
SEHK:995 Past Earnings Growth April 29th 2022Earnings 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. This then helps them determine if the stock is placed for a bright or bleak future. Is Anhui Expressway fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Anhui Expressway Using Its Retained Earnings Effectively?
With a three-year median payout ratio of 37% (implying that the company retains 63% of its profits), it seems that Anhui Expressway is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
Moreover, Anhui Expressway is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. 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 30%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 14%.
Summary
Overall, we are quite pleased with Anhui Expressway's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a respectable growth in its earnings. 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 company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
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.
Anhui Expressway (HKG:995) has had a rough month with its share price down 10.0%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study Anhui Expressway's ROE in this article.
安徽高速公路(HKG:995)经历了一个艰难的月,其股价下跌了10.0%。但如果你仔细观察,你可能会猜到,它强劲的财务状况可能意味着,考虑到市场通常会奖励财务状况良好的公司,该股可能会在长期内增值。具体地说,我们决定在本文中研究安徽高速公路的净资产收益率。
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
净资产收益率,即股本回报率,是评估一家公司从股东那里获得投资回报的有效程度的有用工具。换句话说,这是一个衡量公司股东提供的资本回报率的盈利比率。
View our latest analysis for Anhui Expressway
查看我们对安徽高速公路的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
The formula for ROE is:
这个净资产收益率公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润?股东权益
So, based on the above formula, the ROE for Anhui Expressway is:
因此,根据上述公式,安徽高速公路的净资产收益率为:
13% = CN¥1.5b ÷ CN¥12b (Based on the trailing twelve months to December 2021).
13%=15亿元×120亿元(按截至2021年12月的12个月计算)。
The 'return' is the profit over the last twelve months. So, this means that for every HK$1 of its shareholder's investments, the company generates a profit of HK$0.13.
“收益”是过去12个月的利润。因此,这意味着股东每投资1港元,公司就会产生0.13港元的利润。
What Has ROE Got To Do With Earnings Growth?
净资产收益率与盈利增长有什么关系?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
我们已经证实,净资产收益率是一家公司未来收益的有效盈利指标。根据公司选择再投资或“保留”多少利润,我们就能够评估一家公司未来产生利润的能力。假设其他条件不变,净资产收益率和利润保留率越高,与不一定具有这些特征的公司相比,公司的增长率就越高。
Anhui Expressway's Earnings Growth And 13% ROE
安徽高速公路盈利增长和13%的净资产收益率
To start with, Anhui Expressway's ROE looks acceptable. Especially when compared to the industry average of 9.7% the company's ROE looks pretty impressive. This probably laid the ground for Anhui Expressway's moderate 5.2% net income growth seen over the past five years.
首先,安徽高速公路的净资产收益率看起来可以接受。特别是与9.7%的行业平均水平相比,该公司的净资产收益率看起来相当令人印象深刻。这可能为安徽高速公路在过去五年中实现5.2%的适度净利润增长奠定了基础。
We then compared Anhui Expressway's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 6.7% in the same period, which is a bit concerning.
然后我们将安徽高速公路的净收入增长与行业进行了比较,发现该公司的增长数字低于同期6.7%的行业平均增长率,这有点令人担忧。
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. This then helps them determine if the stock is placed for a bright or bleak future. Is Anhui Expressway 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。投资者下一步需要确定的是,预期的收益增长是否已经计入了股价。这有助于他们确定这只股票是为光明还是黯淡的未来做准备。与其他公司相比,安徽高速公路的估值是否公平?这3个估值指标可能会帮助你做出决定。
Is Anhui Expressway Using Its Retained Earnings Effectively?
安徽高速公路是否有效利用了其留存收益?
With a three-year median payout ratio of 37% (implying that the company retains 63% of its profits), it seems that Anhui Expressway is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
安徽高速的三年派息率中值为37%(这意味着该公司保留了63%的利润),似乎是在以一种高效的方式进行再投资,它看到了收益可观的增长,并支付了丰厚的股息。
Moreover, Anhui Expressway is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. 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 30%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 14%.
此外,安徽高速公路决心继续与股东分享利润,这是我们从其至少十年的派息历史中推断出来的。根据最新的分析师预估,我们发现该公司未来三年的派息比率预计将稳定在30%。因此,预计该公司未来的净资产收益率也不会有太大变化,分析师预测净资产收益率为14%。
Summary
摘要
Overall, we are quite pleased with Anhui Expressway's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a respectable growth in its earnings. 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 company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
总体而言,我们对安徽高速公路的表现相当满意。特别是,看到该公司在业务上投入了大量资金,并获得了高回报率,从而实现了可观的收益增长,这一点令人欣慰。话虽如此,但从目前分析师的预估来看,我们发现该公司的盈利势头有望增强。要了解更多有关该公司未来收益增长预测的信息,请查看以下内容免费报告分析师对该公司的预测,以了解更多信息。
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.
对这篇文章有什么反馈吗?担心内容吗?保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
这篇由《华尔街日报》撰写的文章本质上是笼统的。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。简单地说,华尔街在提到的任何股票中都没有头寸。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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