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Jiangsu Sanfame Polyester Material Co.,Ltd.'s (SHSE:600370) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Jiangsu Sanfame Polyester Material Co.,Ltd.'s (SHSE:600370) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
It is hard to get excited after looking at Jiangsu Sanfame Polyester MaterialLtd's (SHSE:600370) recent performance, when its stock has declined 14% over the past month. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Jiangsu Sanfame Polyester MaterialLtd's ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
See our latest analysis for Jiangsu Sanfame Polyester MaterialLtd
How Is ROE Calculated?
ROE can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Jiangsu Sanfame Polyester MaterialLtd is:
12% = CN¥861m ÷ CN¥6.9b (Based on the trailing twelve months to March 2022).
The 'return' is the profit over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.12 in profit.
What Is The Relationship Between ROE And Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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.
A Side By Side comparison of Jiangsu Sanfame Polyester MaterialLtd's Earnings Growth And 12% ROE
To start with, Jiangsu Sanfame Polyester MaterialLtd's ROE looks acceptable. On comparing with the average industry ROE of 8.6% the company's ROE looks pretty remarkable. This probably laid the ground for Jiangsu Sanfame Polyester MaterialLtd's significant 45% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
Next, on comparing with the industry net income growth, we found that Jiangsu Sanfame Polyester MaterialLtd's growth is quite high when compared to the industry average growth of 4.2% in the same period, which is great to see.
SHSE:600370 Past Earnings Growth July 17th 2022Earnings growth is an important metric to consider when valuing a stock. 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 Jiangsu Sanfame Polyester MaterialLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
Is Jiangsu Sanfame Polyester MaterialLtd Using Its Retained Earnings Effectively?
Jiangsu Sanfame Polyester MaterialLtd has a three-year median payout ratio of 35% (where it is retaining 65% of its income) which is not too low or not too high. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Jiangsu Sanfame Polyester MaterialLtd is reinvesting its earnings efficiently.
Besides, Jiangsu Sanfame Polyester MaterialLtd has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.
Summary
Overall, we are quite pleased with Jiangsu Sanfame Polyester MaterialLtd'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. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. Our risks dashboard would have the 3 risks we have identified for Jiangsu Sanfame Polyester MaterialLtd.
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.
看到江苏三明聚酯材料有限公司(上海证券交易所股票代码:600370)最近的表现,很难感到兴奋,其股价在过去一个月里下跌了14%。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。在本文中,我们决定将重点放在江苏三明聚酯材料有限公司的净资产收益率上。
股本回报率(ROE)是对一家公司增值和管理投资者资金的效率的测试。简而言之,它衡量的是一家公司相对于股东权益的盈利能力。
查看我们对江苏三明聚酯材料有限公司的最新分析
净资产收益率是如何计算的?
可使用以下公式计算净资产收益率:
股本回报率=(持续经营的)净利润?股东权益
因此,根据上面的公式,江苏三明涤纶材料有限公司的净资产收益率为:
12%=8.61亿元×69亿元(基于截至2022年3月的12个月)。
“收益”是过去12个月的利润。另一种说法是,公司每持有价值1元的股权,就能赚取0.12元的利润。
净资产收益率与盈利增长之间有什么关系?
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。根据公司将这些利润再投资或“保留”多少,以及这样做的效率如何,我们就能够评估一家公司的收益增长潜力。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。
江苏三明涤纶材料有限公司盈利增长与净资产收益率12%的对比分析
首先,江苏三明聚酯材料有限公司的净资产收益率看起来可以接受。与8.6%的行业平均净资产收益率相比,该公司的净资产收益率看起来相当惊人。这可能为江苏三明聚酯材料有限公司在过去五年中实现45%的净收入增长奠定了基础。我们认为,可能还有其他因素在起作用。例如,该公司的派息率较低或管理效率较高。
接下来,通过与行业净收入增长的比较,我们发现江苏三明涤纶材料有限公司的增长与同期4.2%的行业平均增长相比是相当高的,这是令人欣喜的。
上海证券交易所:过去600370的收益增长2022年7月17日盈利增长是评估一只股票时需要考虑的一个重要指标。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。通过这样做,他们将知道股票是将进入清澈的蓝色水域,还是等待沼泽水域。如果你想知道江苏三明聚酯材料有限公司的估值,看看这个衡量其市盈率的指标,与其行业相比。
江苏三明涤纶材料有限公司是否有效利用其留存收益?
江苏三明聚酯材料有限公司的三年中值派息率为35%(该公司保留了65%的收入),这不是太低也不是太高。这表明它的股息得到了很好的覆盖,考虑到我们上面讨论的高增长,江苏三明聚酯材料有限公司似乎正在有效地将其收益进行再投资。
此外,江苏三明聚酯材料有限公司已经分红至少十年或更长时间了。这表明该公司致力于与股东分享利润。
摘要
总体而言,我们对江苏三丰聚酯材料有限公司的表现感到满意。特别是,我们喜欢该公司对其业务进行大量再投资,并以高回报率进行投资。不出所料,这导致了令人印象深刻的收益增长。如果该公司继续以目前的方式增长收益,考虑到每股收益对长期股价的影响,这可能会对其股价产生积极影响。我们不要忘记,商业风险也是影响股票价格的因素之一。因此,这也是投资者在对任何业务做出决定之前需要关注的一个重要领域。我们的风险仪表板将包含我们为江苏三明聚酯材料有限公司确定的3个风险。
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。
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。
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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。
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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。
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