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Declining Stock and Decent Financials: Is The Market Wrong About COFCO Engineering & Technology Co., Ltd. (SZSE:301058)?
Declining Stock and Decent Financials: Is The Market Wrong About COFCO Engineering & Technology Co., Ltd. (SZSE:301058)?
COFCO Engineering & Technology (SZSE:301058) has had a rough three months with its share price down 9.2%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study COFCO Engineering & Technology's ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
Check out our latest analysis for COFCO Engineering & Technology
How To Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for COFCO Engineering & Technology is:
8.8% = CN¥171m ÷ CN¥1.9b (Based on the trailing twelve months to March 2022).
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.09.
What Is The Relationship Between ROE And 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 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 COFCO Engineering & Technology's Earnings Growth And 8.8% ROE
At first glance, COFCO Engineering & Technology's ROE doesn't look very promising. However, its ROE is similar to the industry average of 8.0%, so we won't completely dismiss the company. Looking at COFCO Engineering & Technology's exceptional 29% five-year net income growth in particular, we are definitely impressed. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. 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.
As a next step, we compared COFCO Engineering & Technology's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 11%.
SZSE:301058 Past Earnings Growth August 23rd 2022Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is COFCO Engineering & Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is COFCO Engineering & Technology Making Efficient Use Of Its Profits?
COFCO Engineering & Technology has a three-year median payout ratio of 40% (where it is retaining 60% of its income) which is not too low or not too high. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like COFCO Engineering & Technology is reinvesting its earnings efficiently.
Summary
On the whole, we do feel that COFCO Engineering & Technology has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
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.
中粮工程科技股份有限公司(SZSE:301058)经历了艰难的三个月,股价下跌了9.2%。然而,该公司的基本面看起来相当不错,长期财务状况通常与未来的市场价格走势保持一致。具体地说,我们决定在本文中研究中粮工程技术的净资产收益率。
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。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。
查看我们对中粮工程技术的最新分析
如何计算股本回报率?
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,中粮工程技术的净资产收益率为:
8.8%=1.71亿元×19亿元(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。因此,这意味着股东每投资1元人民币,公司就会产生0.09元的利润。
净资产收益率与盈利增长之间有什么关系?
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。
中粮工程技术盈利增长与净资产收益率8.8%的并列比较
乍一看,中粮工程技术的净资产收益率看起来并不是很有希望。不过,其净资产收益率接近8.0%的行业平均水平,因此我们不会完全对该公司不屑一顾。特别是看到中粮工程技术有限公司五年来29%的非凡净利润增长,我们肯定印象深刻。考虑到净资产收益率不是特别高,我们认为也可能有其他因素在发挥作用,可能正在影响公司的增长。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。
下一步,我们将中粮工程技术的净收入增长与行业进行了比较,令人欣喜的是,我们发现该公司的增长高于行业平均11%的增长。
深圳证交所:过去301058的收益增长2022年8月23日盈利增长是评估一只股票时需要考虑的一个重要指标。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)。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,中粮工程技术公司的价值是否公平?这3个估值指标可能会帮助你做出决定。
中粮工程技术公司是否有效利用了利润?
中粮工程技术的三年中值派息率为40%(该公司将保留60%的收入),这不是太低也不是太高。这表明它的股息得到了很好的覆盖,考虑到我们上面讨论的高增长,中粮工程科技似乎正在有效地对其收益进行再投资。
摘要
总体而言,我们确实感到中粮工程技术有一些积极的属性。凭借高再投资率,尽管净资产收益率较低,该公司的收益实现了相当大的增长。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。要了解更多有关该公司未来收益增长预测的信息,请查看以下内容免费报告分析师对该公司的预测,以了解更多信息。
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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