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Is Weakness In Jiangxi Hungpai New Material Co., Ltd. (SHSE:605366) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Jiangxi Hungpai New Material Co., Ltd. (SHSE:605366) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
With its stock down 26% over the past three months, it is easy to disregard Jiangxi Hungpai New Material (SHSE:605366). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Jiangxi Hungpai New Material's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
See our latest analysis for Jiangxi Hungpai New Material
How Do You 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 Jiangxi Hungpai New Material is:
18% = CN¥344m ÷ CN¥1.9b (Based on the trailing twelve months to June 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¥0.18.
What Has ROE Got To Do With Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. 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.
Jiangxi Hungpai New Material's Earnings Growth And 18% ROE
At first glance, Jiangxi Hungpai New Material seems to have a decent ROE. On comparing with the average industry ROE of 11% the company's ROE looks pretty remarkable. This probably laid the ground for Jiangxi Hungpai New Material's moderate 17% net income growth seen over the past five years.
As a next step, we compared Jiangxi Hungpai New Material's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 19% in the same period.
SHSE:605366 Past Earnings Growth September 28th 2022Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is Jiangxi Hungpai New Material fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Jiangxi Hungpai New Material Using Its Retained Earnings Effectively?
While Jiangxi Hungpai New Material has a three-year median payout ratio of 68% (which means it retains 32% of profits), the company has still seen a fair bit of earnings growth in the past, meaning that its high payout ratio hasn't hampered its ability to grow.
While Jiangxi Hungpai New Material has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 15% over the next three years. The fact that the company's ROE is expected to rise to 23% over the same period is explained by the drop in the payout ratio.
Conclusion
Overall, we are quite pleased with Jiangxi Hungpai New Material's performance. Especially the high ROE, Which has contributed to the impressive growth seen in earnings. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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.
在过去的三个月里,江西红牌新材料的股价下跌了26%,人们很容易忽视江西红牌新材料(上交所:605366)。然而,仔细看看它稳健的财务状况可能会让你重新考虑。鉴于基本面因素通常会推动长期市场结果,该公司值得关注。今天我们特别关注江西红牌新材料的净资产收益率。
股本回报率(ROE)是用来评估公司管理层利用公司资本效率的关键指标。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。
请看我们对江西红牌新材料的最新分析
你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,江西红牌新材料的净资产收益率为:
18%=3.44亿元×19亿元(以截至2022年6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0.18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。
江西宏派新材料盈利增长18%净资产收益率
乍一看,江西红牌新材料似乎有不错的净资产收益率。与11%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惊人。这可能为江西宏派新材料在过去五年中实现17%的净收入温和增长奠定了基础。
作为下一步,我们将江西宏派新材料的净收入增长与行业进行了比较,发现该公司与同期19%的行业平均增长率相比,有着相似的增长数字。
上证综指:过去收益增长605366 2022年9月28日盈利增长是股票估值的一个重要因素。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。这样做将有助于他们确定该股的未来看起来是光明的还是不祥的。与其他公司相比,江西红牌新材料的价值是否公平?这3个估值指标可能会帮助你做出决定。
江西红牌新材料有效利用其留存收益吗?
虽然江西宏派新材料三年的派息率中值为68%(这意味着它保留了32%的利润),但该公司过去仍有相当大的收益增长,这意味着其高派息率并未阻碍其增长能力。
尽管江西宏派新材料的盈利有所增长,但它最近才开始分红。最有可能的是,该公司决定用股息给新股东和现有股东留下深刻印象。在研究了最新的分析师共识数据后,我们发现,该公司未来三年的派息率预计将降至15%。该公司同期净资产收益率预计将升至23%,这一事实可以用派息率下降来解释。
结论
总体而言,我们对江西红牌新材料的表现相当满意。尤其是高净资产收益率,这对盈利的令人印象深刻的增长做出了贡献。尽管该公司只将一小部分利润进行了再投资,但它仍然设法实现了收益增长,因此这是可以察觉的。话虽如此,但从目前分析师的预估来看,我们发现该公司的盈利势头有望增强。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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