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Are Robust Financials Driving The Recent Rally In Zhengzhou Coal Mining Machinery Group Company Limited's (SHSE:601717) Stock?
Are Robust Financials Driving The Recent Rally In Zhengzhou Coal Mining Machinery Group Company Limited's (SHSE:601717) Stock?
Zhengzhou Coal Mining Machinery Group's (SHSE:601717) stock is up by a considerable 25% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Specifically, we decided to study Zhengzhou Coal Mining Machinery Group's ROE in this article.
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. Put another way, it reveals the company's success at turning shareholder investments into profits.
See our latest analysis for Zhengzhou Coal Mining Machinery Group
How To 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 Zhengzhou Coal Mining Machinery Group is:
13% = CN¥2.2b ÷ CN¥16b (Based on the trailing twelve months to March 2022).
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.13 in profit.
What Has ROE Got To Do With 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.
A Side By Side comparison of Zhengzhou Coal Mining Machinery Group's Earnings Growth And 13% ROE
To start with, Zhengzhou Coal Mining Machinery Group's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 8.2%. This probably laid the ground for Zhengzhou Coal Mining Machinery Group's significant 35% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
Next, on comparing with the industry net income growth, we found that Zhengzhou Coal Mining Machinery Group's growth is quite high when compared to the industry average growth of 14% in the same period, which is great to see.
SHSE:601717 Past Earnings Growth August 22nd 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. This then helps them determine if the stock is placed for a bright or bleak future. What is 601717 worth today? The intrinsic value infographic in our free research report helps visualize whether 601717 is currently mispriced by the market.
Is Zhengzhou Coal Mining Machinery Group Efficiently Re-investing Its Profits?
Zhengzhou Coal Mining Machinery Group's three-year median payout ratio is a pretty moderate 27%, meaning the company retains 73% of its income. So it seems that Zhengzhou Coal Mining Machinery Group is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Additionally, Zhengzhou Coal Mining Machinery Group has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders.
Conclusion
On the whole, we feel that Zhengzhou Coal Mining Machinery Group's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
郑州煤机集团(上海证券交易所股票代码:601717)的股票在过去三个月里大幅上涨了25%。由于市场通常为公司的长期基本面买单,我们决定研究公司的关键业绩指标,看看它们是否会影响市场。具体地说,本文以郑州煤机集团的净资产收益率为研究对象。
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。换句话说,它揭示了该公司成功地将股东投资转化为利润。
请看我们对郑州煤机集团的最新分析
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,根据上述公式,郑州煤机集团的净资产收益率为:
13%=22亿元×160亿元(以截至2022年3月的12个月为基础)。
“报税表”是过去12个月的税后收入。这意味着,每增加价值1元的股东权益,公司就会产生0.13元的利润。
净资产收益率与盈利增长有什么关系?
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。
郑州煤机集团盈利增长与13%净资产收益率的并列比较
首先,郑州煤机集团的净资产收益率看起来可以接受。此外,该公司的净资产收益率(ROE)与行业平均水平8.2%相比相当有利。这可能为郑州煤机集团过去五年净利润大幅增长35%奠定了基础。我们认为,可能还有其他因素在起作用。例如,公司管理层可能做出了一些良好的战略决策,或者公司的派息率较低。
接下来,通过与行业净收入增长的对比,我们发现郑州煤机集团的增长与同期14%的行业平均增长相比是相当高的,这是令人欣喜的。
上证所:过去601717的收益增长2022年8月22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。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。今天601717的价值是多少?我们免费研究报告中的内在价值信息图有助于直观地了解601717目前是否被市场错误定价。
郑州煤机集团是否有效地将利润进行了再投资?
郑州煤机集团的三年派息率中值为27%,相当适中,这意味着该公司保留了73%的收入。因此,郑州煤机集团似乎正在以一种高效的方式进行再投资,它看到了令人印象深刻的收益增长(如上所述),并支付了丰厚的股息。
此外,郑州煤机集团在九年的时间里一直在分红,这意味着公司对与股东分享利润是相当认真的。
结论
总体来说,我们觉得郑州煤机集团的业绩相当不错。具体地说,我们喜欢该公司将一大笔利润以高回报率进行再投资。当然,这导致该公司的收益出现了大幅增长。话虽如此,最新的行业分析师预测显示,该公司的收益增长预计将放缓。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。
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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