KWG Living Group Holdings Limited (HKG:3913) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
KWG Living Group Holdings Limited (HKG:3913) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
KWG Living Group Holdings (HKG:3913) has had a rough month with its share price down 26%. 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 KWG Living Group Holdings' ROE today.
KWG Living Group Holdings(HKG：3913)经历了一个艰难的月，其股价下跌了26%。然而，股价通常是由一家公司的长期财务表现推动的，在这种情况下，这看起来相当有希望。特别是今天我们将关注KWG Living Group Holdings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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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。简而言之，它是用来评估一家公司相对于其权益资本的盈利能力。
See our latest analysis for KWG Living Group Holdings
查看我们对KWG Living Group Holdings的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率？
ROE can be calculated by using the formula:
可使用以下公式计算净资产收益率：
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 KWG Living Group Holdings is:
因此，根据上述公式，KWG Living Group Holdings的净资产收益率为：
19% = CN¥684m ÷ CN¥3.5b (Based on the trailing twelve months to December 2021).
19%=人民币6.84亿×人民币35亿元(以截至2021年12月的12个月为基础)。
The 'return' is the income the business earned over the last year. So, this means that for every HK$1 of its shareholder's investments, the company generates a profit of HK$0.19.
“回报”指的是企业在过去一年中获得的收入。因此，这意味着股东每投资1港元，公司就会产生0.19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？
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前为止，我们了解到净资产收益率是衡量一家公司盈利能力的指标。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。一般来说，在其他条件相同的情况下，股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
A Side By Side comparison of KWG Living Group Holdings' Earnings Growth And 19% ROE
KWG Living Group Holdings盈利增长与净资产收益率19%的并列比较
At first glance, KWG Living Group Holdings seems to have a decent ROE. Especially when compared to the industry average of 7.2% the company's ROE looks pretty impressive. Probably as a result of this, KWG Living Group Holdings was able to see an impressive net income growth of 44% over the last five years. However, there could also be other causes behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.
乍一看，KWG Living Group Holdings似乎拥有不错的净资产收益率。特别是与7.2%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。可能正因为如此，KWG Living Group Holdings能够在过去五年中实现44%的令人印象深刻的净收入增长。然而，这种增长背后也可能有其他原因。例如，该公司的派息率较低或管理效率较高。
We then compared KWG Living Group Holdings' 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 8.2% in the same period.
然后我们将KWG Living Group Holdings的净收入增长与行业进行了比较，我们很高兴地看到，与同期8.2%的行业增长率相比，该公司的增长数字更高。
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. Doing so will help them establish if the stock's future looks promising or ominous. Is KWG Living Group Holdings 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。这样做将有助于他们确定该股的未来看起来是光明的还是不祥的。与其他公司相比，KWG Living Group Holdings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 KWG Living Group Holdings Efficiently Re-investing Its Profits?
KWG Living Group Holdings是否有效地将其利润进行了再投资？
The three-year median payout ratio for KWG Living Group Holdings is 26%, which is moderately low. The company is retaining the remaining 74%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like KWG Living Group Holdings is reinvesting its earnings efficiently.
KWG Living Group Holdings的三年派息率中值为26%，略低。该公司将保留剩余的74%。这表明其股息得到了很好的覆盖，考虑到我们上面讨论的高增长，KWG Living Group Holdings似乎正在有效地将其收益进行再投资。
While KWG Living Group Holdings has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 44% over the next three years. Still, forecasts suggest that KWG Living Group Holdings' future ROE will rise to 24% even though the the company's payout ratio is expected to rise. We presume that there could some other characteristics of the business that could be driving the anticipated growth in the company's ROE.
尽管KWG Living Group Holdings的收益一直在增长，但它最近才开始支付股息，这可能意味着该公司决定用股息给新股东和现有股东留下深刻印象。我们最新的分析师数据显示，该公司未来三年的派息率预计将升至44%。尽管如此，预测显示KWG Living Group Holdings未来的净资产收益率将升至24%，尽管该公司的派息率预计将上升。我们推测，可能还有一些其他业务特征可能推动了公司净资产收益率的预期增长。
Summary
摘要
In total, we are pretty happy with KWG Living Group Holdings' 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 sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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KWG Living Group Holdings的表现相当满意。特别是，很高兴看到该公司在业务上投入了大量资金，并获得了高回报率，这导致了其收益的可观增长。话虽如此，该公司的盈利增长预计将放缓，正如目前分析师预测的那样。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。
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本文由Simply Wall St.撰写，具有概括性。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。Simply Wall St.对上述任何一只股票都没有持仓。