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Is Shanghai QiFan Cable Co., Ltd's (SHSE:605222) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Shanghai QiFan Cable Co., Ltd's (SHSE:605222) Recent Stock Performance Tethered To Its Strong Fundamentals?
Shanghai QiFan Cable's (SHSE:605222) stock is up by a considerable 23% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Shanghai QiFan Cable's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
Check out our latest analysis for Shanghai QiFan Cable
How Is ROE Calculated?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Shanghai QiFan Cable is:
18% = CN¥690m ÷ CN¥3.9b (Based on the trailing twelve months to March 2022).
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.18 in profit.
Why Is ROE Important For Earnings Growth?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
Shanghai QiFan Cable's Earnings Growth And 18% ROE
To begin with, Shanghai QiFan Cable seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 8.8%. This certainly adds some context to Shanghai QiFan Cable's exceptional 26% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
Next, on comparing with the industry net income growth, we found that Shanghai QiFan Cable's growth is quite high when compared to the industry average growth of 14% in the same period, which is great to see.
SHSE:605222 Past Earnings Growth August 19th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Is Shanghai QiFan Cable fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Shanghai QiFan Cable Making Efficient Use Of Its Profits?
Shanghai QiFan Cable's ' three-year median payout ratio is on the lower side at 11% implying that it is retaining a higher percentage (89%) of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
Along with seeing a growth in earnings, Shanghai QiFan Cable only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders.
Conclusion
Overall, we are quite pleased with Shanghai QiFan Cable'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. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. Our risks dashboard would have the 4 risks we have identified for Shanghai QiFan Cable.
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.
上海奇帆有线电视(上海证券交易所代码:605222)的股票在过去三个月里大幅上涨了23%。鉴于该公司令人印象深刻的业绩,我们决定更仔细地研究其财务指标,因为公司的长期财务健康状况通常决定着市场结果。特别是今天我们将关注上海奇帆有线的净资产收益率。
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。换句话说,这是一个衡量公司股东提供的资本回报率的盈利比率。
查看我们对上海奇帆有线的最新分析
净资产收益率是如何计算的?
这个净资产收益率公式是:
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,上海奇帆电缆的净资产收益率为:
18%=CN元6.9亿×CN元39亿元(基于截至2022年3月的12个月)。
“收益”是过去12个月的利润。这意味着,每增加价值1元的股东权益,公司就会产生0.18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,我们已经了解到净资产收益率衡量的是一家公司创造利润的效率。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。
上海奇帆有线盈利增长18%净资产收益率
首先,上海奇帆有线似乎拥有可观的净资产收益率(ROE)。此外,该公司的净资产收益率(ROE)与8.8%的行业平均水平相比相当有利。这无疑为上海奇帆有线在过去五年中26%的净利润增长提供了一些背景。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。
接下来,对比行业净收入增长,我们发现上海奇帆电缆的增长与同期14%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605222的收益增长2022年8月19日赋予一家公司价值的基础在很大程度上与其盈利增长挂钩。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,上海奇帆有线的估值是否公平?这3个估值指标可能会帮助你做出决定。
上海奇帆电缆是否有效利用了利润?
上海奇帆有线的三年中值派息率为11%,处于较低水平,这意味着它将保留更高的利润比例(89%)。因此,管理层似乎正在对利润进行大量再投资,以增长业务,这反映在其收益增长数字上。
在看到盈利增长的同时,上海奇帆有线直到最近才开始分红。该公司很可能希望给股东留下深刻印象。
结论
总体而言,我们对上海奇帆有线的表现相当满意。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。记住,股票的价格也取决于感知到的风险。因此,投资者在投资任何公司之前,必须随时了解所涉及的风险。我们的风险仪表板将包含我们为上海奇帆电缆确定的4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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