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Can Sunshine Global Circuits Co.,Ltd.'s (SZSE:300739) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
Can Sunshine Global Circuits Co.,Ltd.'s (SZSE:300739) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
Sunshine Global CircuitsLtd's (SZSE:300739) stock is up by a considerable 13% over the past three months. However, in this article, we decided to focus on its weak fundamentals, as long-term financial performance of a business is what ultimatley dictates market outcomes. Specifically, we decided to study Sunshine Global CircuitsLtd'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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
View our latest analysis for Sunshine Global CircuitsLtd
How Is ROE Calculated?
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 Sunshine Global CircuitsLtd is:
7.7% = CN¥137m ÷ CN¥1.8b (Based on the trailing twelve months to March 2022).
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.08.
What Has ROE Got To Do With Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. 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.
Sunshine Global CircuitsLtd's Earnings Growth And 7.7% ROE
At first glance, Sunshine Global CircuitsLtd's ROE doesn't look very promising. However, its ROE is similar to the industry average of 8.9%, so we won't completely dismiss the company. Having said that, Sunshine Global CircuitsLtd's net income growth over the past five years is more or less flat. Bear in mind, the company's ROE is not very high. So that could also be one of the reasons behind the company's flat growth in earnings.
We then compared Sunshine Global CircuitsLtd's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 15% in the same period, which is a bit concerning.
SZSE:300739 Past Earnings Growth August 26th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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 Sunshine Global CircuitsLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Sunshine Global CircuitsLtd Using Its Retained Earnings Effectively?
With a high three-year median payout ratio of 51% (implying that the company keeps only 49% of its income) of its business to reinvest into its business), most of Sunshine Global CircuitsLtd's profits are being paid to shareholders, which explains the absence of growth in earnings.
In addition, Sunshine Global CircuitsLtd has been paying dividends over a period of four years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth.
Summary
Overall, we would be extremely cautious before making any decision on Sunshine Global CircuitsLtd. Because the company is not reinvesting much into the business, and given the low ROE, it's not surprising to see the lack or absence of growth in its earnings. Until now, we have only just grazed the surface of the company's past performance by looking at the company's fundamentals. To gain further insights into Sunshine Global CircuitsLtd's past profit growth, check out this visualization of past earnings, revenue and cash flows.
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.
阳光全球电路有限公司(深圳证券交易所股票代码:300739)的股票在过去三个月里大幅上涨了13%。然而,在本文中,我们决定将重点放在其疲弱的基本面上,因为企业的长期财务业绩是最终决定市场结果的因素。具体地说,我们决定在本文中研究阳光全球电路有限公司的净资产收益率。
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,它衡量的是一家公司相对于股东权益的盈利能力。
查看我们对阳光全球电路有限公司的最新分析
净资产收益率是如何计算的?
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,阳光环球电路有限公司的净资产收益率为:
7.7%=1.37亿元×18亿元(以截至2022年3月的12个月为基础)。
“回报”指的是企业在过去一年中获得的收入。因此,这意味着股东每投资1元人民币,公司就会产生0.08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,我们了解到净资产收益率是衡量一家公司盈利能力的指标。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。
阳光全球电路有限公司的收益增长和7.7%的净资产收益率
乍一看,阳光全球电路有限公司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8.9%的行业平均水平,因此我们不会完全对该公司不屑一顾。话虽如此,阳光环球电路有限公司过去五年的净收入增长基本持平。请记住,该公司的净资产收益率并不是很高。因此,这也可能是该公司盈利增长持平的原因之一。
然后我们将阳光环球电路有限公司的净收入增长与行业进行了比较,发现该公司的增长数字低于同期行业平均15%的增长率,这有点令人担忧。
深圳证交所:过去300739的收益增长2022年8月26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,阳光全球电路有限公司的估值公平吗?这3个估值指标可能会帮助你做出决定。
阳光环球电路有限公司是否有效地利用了其留存收益?
由于三年的派息率中值高达51%(这意味着公司只保留收入的49%)用于再投资于业务),阳光环球电路有限公司的大部分利润都支付给了股东,这解释了收益没有增长的原因。
此外,阳光全球电路有限公司在过去四年里一直在支付股息,这表明保持股息支付对管理层来说要重要得多,即使这是以业务增长为代价的。
摘要
总体而言,在对阳光全球电路有限公司做出任何决定之前,我们将极其谨慎。因为该公司没有对业务进行太多再投资,而且考虑到净资产收益率较低,其收益没有增长或没有增长也就不足为奇了。到目前为止,我们只是通过观察公司的基本面来了解公司过去的业绩。要进一步了解阳光全球电路有限公司过去的利润增长,请查看这张过去收益、收入和现金流的可视化图表。
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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