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Do Its Financials Have Any Role To Play In Driving Minth Group Limited's (HKG:425) Stock Up Recently?
Do Its Financials Have Any Role To Play In Driving Minth Group Limited's (HKG:425) Stock Up Recently?
Most readers would already be aware that Minth Group's (HKG:425) stock increased significantly by 17% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Minth Group's ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
See our latest analysis for Minth Group
How To Calculate Return On Equity?
Return on equity 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 Minth Group is:
9.5% = CN¥1.6b ÷ CN¥17b (Based on the trailing twelve months to December 2021).
The 'return' refers to a company's earnings over the last year. That means that for every HK$1 worth of shareholders' equity, the company generated HK$0.10 in profit.
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. 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 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.
Minth Group's Earnings Growth And 9.5% ROE
At first glance, Minth Group's ROE doesn't look very promising. Although a closer study shows that the company's ROE is higher than the industry average of 7.0% which we definitely can't overlook. But seeing Minth Group's five year net income decline of 5.4% over the past five years, we might rethink that. Bear in mind, the company does have a slightly low ROE. It is just that the industry ROE is lower. So that could be one of the factors that are causing earnings growth to shrink.
With the industry earnings declining at a rate of 5.4% in the same period, we deduce that both the company and the industry are shrinking at the same rate.
SEHK:425 Past Earnings Growth July 27th 2022Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Minth Group is trading on a high P/E or a low P/E, relative to its industry.
Is Minth Group Making Efficient Use Of Its Profits?
In spite of a normal three-year median payout ratio of 40% (that is, a retention ratio of 60%), the fact that Minth Group's earnings have shrunk is quite puzzling. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
In addition, Minth Group has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 41% of its profits over the next three years. Regardless, the future ROE for Minth Group is predicted to rise to 12% despite there being not much change expected in its payout ratio.
Summary
Overall, we feel that Minth Group certainly does have some positive factors to consider. Yet, the low earnings growth is a bit concerning, especially given that the company has a respectable rate of return and is reinvesting a huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
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.
大多数读者应该已经知道,敏特集团(HKG:425)的股票在过去三个月里大幅上涨了17%。考虑到股价通常与公司的长期财务表现保持一致,我们决定更仔细地研究公司的财务指标,看看它们是否对最近的价格走势起到了作用。特别是,我们今天将关注Minth Group的净资产收益率(ROE)。
股本回报率或净资产收益率是股东要考虑的一个重要因素,因为它告诉他们他们的资本再投资的效率。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。
查看我们对Minth Group的最新分析
如何计算股本回报率?
股本回报率可使用以下公式计算:
股本回报率=(持续经营的)净利润?股东权益
因此,根据上述公式,Minth Group的ROE为:
9.5%=16亿元×170亿元(以截至2021年12月的12个月为基础)。
“回报”指的是一家公司过去一年的收益。这意味着,每1港元的股东权益,该公司就会产生0.10港元的利润。
净资产收益率与盈利增长有什么关系?
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。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。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。
Minth Group的收益增长和9.5%的净资产收益率
乍一看,Minth Group的净资产收益率看起来并不是很有希望。尽管更仔细的研究表明,该公司的净资产收益率高于7.0%的行业平均水平,但我们绝对不能忽视这一点。但看到Minth Group的五年净利润在过去五年下降了5.4%,我们可能会重新考虑这一点。请记住,该公司的净资产收益率确实略低。只是行业的净资产收益率较低。因此,这可能是导致收益增长放缓的因素之一。
随着同期行业收益以5.4%的速度下降,我们推断公司和行业都在以同样的速度缩水。
联交所:425过去盈利增长2022年7月27日盈利增长是评估一只股票时需要考虑的一个重要指标。投资者应该尝试确定预期的收益增长或下降是否已计入价格,无论是哪种情况。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。衡量预期收益增长的一个很好的指标是市盈率,它根据一只股票的盈利前景决定市场愿意为其支付的价格。因此,你可能想看看Minth Group相对于其行业是高市盈率还是低市盈率。
敏斯集团是否在有效利用其利润?
尽管正常的三年中值派息率为40%(即留存比率为60%),但Minth Group的收益缩水的事实相当令人费解。因此,可能还有其他因素在起作用,可能会阻碍经济增长。例如,该业务一直面临一些不利因素。
此外,Minth Group在至少十年的时间里一直在支付股息,这表明保持股息支付对管理层来说要重要得多,即使这是以业务增长为代价的。在研究了最新的分析师共识数据后,我们发现,预计该公司将在未来三年继续支付约41%的利润。无论如何,Minth Group未来的净资产收益率预计将升至12%,尽管其派息率预计不会有太大变化。
摘要
总体而言,我们认为Minth Group确实有一些积极的因素需要考虑。然而,低收益增长有点令人担忧,特别是考虑到该公司拥有可观的回报率,并将很大一部分利润进行再投资。从表面上看,可能还有其他一些因素正在阻碍增长,这些因素并不一定是控制企业的因素。既然如此,最新的行业分析师预测显示,分析师们预计该公司的收益增长率将大幅提高。要了解更多分析师对该公司的最新预测,请查看分析师对该公司预测的可视化。
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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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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