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Estun Automation Co., Ltd's (SZSE:002747) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Estun Automation Co., Ltd's (SZSE:002747) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Most readers would already be aware that Estun Automation's (SZSE:002747) stock increased significantly by 47% over the past three months. However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. Specifically, we decided to study Estun Automation's ROE in this article.
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
View our latest analysis for Estun Automation
How Do You Calculate Return On Equity?
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 Estun Automation is:
6.2% = CN¥182m ÷ CN¥2.9b (Based on the trailing twelve months to March 2022).
The 'return' is the yearly profit. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.06.
Why Is ROE Important For Earnings Growth?
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. 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.
A Side By Side comparison of Estun Automation's Earnings Growth And 6.2% ROE
When you first look at it, Estun Automation's ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 8.2%. Although, we can see that Estun Automation saw a modest net income growth of 8.9% over the past five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.
As a next step, we compared Estun Automation's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 14% in the same period.
SZSE:002747 Past Earnings Growth August 19th 2022Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Estun Automation is trading on a high P/E or a low P/E, relative to its industry.
Is Estun Automation Making Efficient Use Of Its Profits?
The high three-year median payout ratio of 54% (or a retention ratio of 46%) for Estun Automation suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
Additionally, Estun Automation has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 16% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 16%, over the same period.
Conclusion
On the whole, we feel that the performance shown by Estun Automation can be open to many interpretations. While the company has posted a decent earnings growth, We do feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings at a higher rate of return. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page 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,埃斯通自动化(SZSE:002747)的股票在过去三个月里大幅上涨了47%。然而,我们决定关注该公司的基本面,这些基本面似乎并未给出该公司财务健康状况的明确迹象。具体地说,我们决定在本文中研究Estun Automation的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。换句话说,它揭示了该公司成功地将股东投资转化为利润。
查看我们对Estun Automation的最新分析
你如何计算股本回报率?
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,Estun Automation的ROE为:
6.2%=1.82亿元×29亿元(以截至2022年3月的12个月为基础)。
“回报”就是年度利润。因此,这意味着股东每投资1元人民币,公司就会产生0.06元的利润。
为什么净资产收益率对收益增长很重要?
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。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。
Estun Automation盈利增长与6.2%净资产收益率的并列比较
当你第一次看到它的时候,Estin Automation的ROE看起来并不那么吸引人。然后,我们将该公司的净资产收益率(ROE)与更广泛的行业进行了比较,发现净资产收益率低于行业平均水平8.2%,这让我们感到失望。然而,我们可以看到,在过去的五年中,Estun Automation的净收入温和增长了8.9%。我们认为,可能还有其他因素在起作用。例如-高收益留存或有效的管理到位。
作为下一步,我们将Estun Automation的净收入增长与行业进行了比较,并失望地看到,该公司的增长低于同期14%的行业平均增长。
深圳证交所:过去002747的收益增长2022年8月19日盈利增长是股票估值的一个重要因素。对于投资者来说,重要的是知道市场是否已经消化了公司预期的收益增长(或下降)。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。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,你可能想要检查Estun Automation相对于其行业是高市盈率还是低市盈率。
Estun Automation是否在有效利用其利润?
Estun Automation的三年派息率中值高达54%(或留存率为46%),这表明尽管该公司将大部分收入返还给股东,但该公司的增长并未受到真正的阻碍。
此外,Estun Automation在七年的时间里支付了股息,这意味着该公司非常认真地与股东分享利润。在研究了最新的分析师共识数据后,我们发现,该公司未来三年的派息率预计将降至16%。因此,派息率的预期下降解释了公司同期净资产收益率预期上升至16%的原因。
结论
总体来说,我们觉得Estun Automation展示的表现可以有多种解读。虽然该公司公布了不错的收益增长,但我们确实认为,如果该公司以更高的回报率将更多收益进行再投资,收益增长数字可能会更高。尽管如此,最新的行业分析师预测显示,该公司的收益预计将加速增长。这些分析师的预期是基于对该行业的广泛预期,还是基于该公司的基本面?点击此处进入我们分析师对该公司的预测页面。
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。
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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