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Suzhou Hesheng Special Material Co., Ltd.'s (SZSE:002290) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Suzhou Hesheng Special Material Co., Ltd.'s (SZSE:002290) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Most readers would already be aware that Suzhou Hesheng Special Material's (SZSE:002290) stock increased significantly by 46% 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 Suzhou Hesheng Special Material's ROE today.
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.
View our latest analysis for Suzhou Hesheng Special Material
How Is ROE Calculated?
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 Suzhou Hesheng Special Material is:
13% = CN¥72m ÷ CN¥556m (Based on the trailing twelve months to March 2022).
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.13 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. 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. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
A Side By Side comparison of Suzhou Hesheng Special Material's Earnings Growth And 13% ROE
At first glance, Suzhou Hesheng Special Material seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 9.5%. For this reason, Suzhou Hesheng Special Material's five year net income decline of 16% raises the question as to why the high ROE didn't translate into earnings growth. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. These include low earnings retention or poor allocation of capital.
That being said, we compared Suzhou Hesheng Special Material's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 17% in the same period.
SZSE:002290 Past Earnings Growth July 27th 2022Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is Suzhou Hesheng Special Material fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Suzhou Hesheng Special Material Making Efficient Use Of Its Profits?
Suzhou Hesheng Special Material doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating.
Summary
In total, it does look like Suzhou Hesheng Special Material has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma 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. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard will have the 1 risk we have identified for Suzhou Hesheng Special Material.
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,苏州合生特材(SZSE:002290)的库存在过去三个月里大幅增长了46%。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。今天我们特别关注苏州合生特材的净资产收益率。
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。
查看我们对苏州合生特殊材料的最新分析
净资产收益率是如何计算的?
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,苏州合生特材的净资产收益率为:
13%=7200万元×5.56亿元(以截至2022年3月的12个月为基础)。
“回报”指的是一家公司过去一年的收益。将其概念化的一种方法是,公司每拥有1元人民币的股东资本,就会获得0.13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。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。假设其他条件相同,与没有相同特征的公司相比,拥有更高股本回报率和更高利润保留率的公司通常会有更高的增长率。
苏州合生特材盈利增长与净资产收益率13%的并列比较
乍一看,苏州合生特材似乎有不错的净资产收益率。此外,该公司的净资产收益率(ROE)与9.5%的行业平均水平相比相当有利。正因为如此,苏州合生特材的五年净利润下降了16%,这让人不禁要问,为什么高净资产收益率没有转化为盈利增长。基于此,我们认为,可能还有本文迄今未讨论的其他原因,可能正在阻碍公司的增长。这些问题包括低收益留存或资本配置不善。
话虽如此,我们将苏州合生特殊材料的表现与行业进行了比较,当我们发现该公司在同期盈利缩水的同时,该行业的盈利却以17%的速度增长,这让我们感到担忧。
深圳证交所:过去002290的收益增长2022年7月27日盈利增长是股票估值的一个重要因素。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,苏州合生特材的价值是否公平?这3个估值指标可能会帮助你做出决定。
苏州合生特材是否高效利用利润?
苏州合生特殊材料不支付任何股息,这意味着该公司的所有利润可能都将再投资于该业务,这并不能解释为什么该公司在保留所有利润的情况下利润会缩水。因此,在这方面可能会有其他一些解释。例如,该公司的业务可能正在恶化。
摘要
总体而言,苏州合生特材的业务确实有一些积极的方面。然而,低收益增长有点令人担忧,特别是考虑到该公司拥有高回报率,并将大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。虽然我们不会完全解雇这家公司,但我们要做的是努力确定这项业务在公司周围做出更明智的决定的风险有多大。我们的风险控制面板将包含我们为苏州合生特殊材料确定的1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。
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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