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Zhe Jiang Taihua New Material Co., Ltd. (SHSE:603055) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Zhe Jiang Taihua New Material Co., Ltd. (SHSE:603055) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
It is hard to get excited after looking at Zhe Jiang Taihua New Material's (SHSE:603055) recent performance, when its stock has declined 14% over the past month. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. In this article, we decided to focus on Zhe Jiang Taihua New Material's ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
Check out our latest analysis for Zhe Jiang Taihua New Material
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 Zhe Jiang Taihua New Material is:
11% = CN¥441m ÷ CN¥3.9b (Based on the trailing twelve months to June 2022).
The 'return' is the yearly profit. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.11 in profit.
Why Is ROE Important For Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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.
Zhe Jiang Taihua New Material's Earnings Growth And 11% ROE
To begin with, Zhe Jiang Taihua New Material seems to have a respectable ROE. On comparing with the average industry ROE of 7.7% the company's ROE looks pretty remarkable. However, we are curious as to how the high returns still resulted in flat growth for Zhe Jiang Taihua New Material in the past five years. We reckon that there could be some other factors at play here that's limiting the company's growth. For example, it could be that the company has a high payout ratio or the business has allocated capital poorly, for instance.
We then compared Zhe Jiang Taihua New Material's net income growth with the industry and found that the average industry growth rate was 5.6% in the same period.
SHSE:603055 Past Earnings Growth September 16th 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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Zhe Jiang Taihua New Material's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
Is Zhe Jiang Taihua New Material Making Efficient Use Of Its Profits?
Despite having a normal three-year median payout ratio of 31% (implying that the company keeps 69% of its income) over the last three years, Zhe Jiang Taihua New Material has seen a negligible amount of growth in earnings as we saw above. Therefore, there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
Additionally, Zhe Jiang Taihua New Material has paid dividends over a period of four years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth.
Summary
Overall, we feel that Zhe Jiang Taihua New Material certainly does have some positive factors to consider. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. 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.
看到浙江泰华新材料(上海证券交易所股票代码:603055)最近的表现,很难感到兴奋,其股价在过去一个月里下跌了14%。然而,股价通常是由公司的长期财务状况推动的,在这种情况下,财务状况看起来相当不错。在本文中,我们决定关注浙江泰华新材料的净资产收益率。
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,净资产收益率显示了每一美元相对于其股东投资产生的利润。
查看我们对浙江泰华新材料的最新分析
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,浙江泰华新材料的净资产收益率为:
11%=4.41亿元×39亿元(以截至2022年6月的12个月为基础)。
“回报”就是年度利润。另一种说法是,公司每持有价值1元的股权,就能赚取0.11元的利润。
为什么净资产收益率对收益增长很重要?
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。根据公司选择再投资或“保留”多少利润,我们就能够评估一家公司未来产生利润的能力。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。
浙江泰华新材料盈利增长和11%的净资产收益率
首先,浙江泰华新材料似乎拥有令人尊敬的净资产收益率。与7.7%的行业平均净资产收益率相比,该公司的净资产收益率看起来相当可观。然而,我们好奇的是,在过去的五年里,高回报如何仍然导致浙江泰华新材料的持平增长。我们认为,可能还有一些其他因素在发挥作用,限制了公司的增长。例如,可能是公司的派息率很高,或者企业的资本配置不当。
然后我们将浙江泰华新材料的净收入增长与行业进行了比较,发现同期行业平均增速为5.6%。
上海证券交易所:过去603055的收益增长2022年9月16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。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。如果你想知道浙江泰华新材料的估值,看看这个衡量其市盈率的指标,与其行业相比。
浙江泰华新材料是否高效利用利润?
尽管过去三年的正常三年中值派息率为31%(意味着公司保留了69%的收入),但浙江泰华新材料的收益增长可以忽略不计,正如我们上面看到的那样。因此,可能还有其他一些原因来解释这方面的缺乏。例如,这项业务可能正在衰落。
此外,浙江泰华新材料在四年的时间里分红,这意味着公司管理层决心分红,即使这意味着收益几乎没有增长。
摘要
总体而言,我们觉得浙江泰华新材料确实有一些积极的因素值得考虑。然而,低收益增长有点令人担忧,特别是考虑到该公司拥有高回报率,并将大部分利润进行再投资。从表面上看,可能还有其他一些因素正在阻碍增长,这些因素并不一定是控制企业的因素。既然如此,最新的行业分析师预测显示,分析师们预计该公司的收益增长率将大幅提高。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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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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