Are Sunwoda Electronic Co.,Ltd's (SZSE:300207) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Sunwoda Electronic Co.,Ltd's (SZSE:300207) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Sunwoda ElectronicLtd (SZSE:300207) has had a rough three months with its share price down 6.6%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Sunwoda ElectronicLtd's ROE in this article.
森沃达电子股份有限公司(SZSE：300207)经历了艰难的三个月，其股价下跌了6.6%。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。具体地说，我们决定在本文中研究森沃达电子有限公司的净资产收益率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
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，它是用来评估一家公司相对于其权益资本的盈利能力。
View our latest analysis for Sunwoda ElectronicLtd
查看我们对森沃达电子有限公司的最新分析
How To Calculate Return On Equity?
如何计算股本回报率？
The formula for return on equity is:
这个股本回报率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Sunwoda ElectronicLtd is:
因此，根据上述公式，森沃达电子有限公司的净资产收益率为：
4.6% = CN¥663m ÷ CN¥14b (Based on the trailing twelve months to September 2022).
4.6%=CN元6.63亿×CN元140亿(基于截至2022年9月的12个月的跟踪数据)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.05.
“回报”指的是一家公司过去一年的收益。因此，这意味着股东每投资1元人民币，公司就会产生0.05元的利润。
What Has ROE Got To Do With Earnings Growth?
净资产收益率与盈利增长有什么关系？
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.
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。
A Side By Side comparison of Sunwoda ElectronicLtd's Earnings Growth And 4.6% ROE
森沃达电子盈利增长与净资产收益率4.6%的并列比较
As you can see, Sunwoda ElectronicLtd's ROE looks pretty weak. Even compared to the average industry ROE of 8.5%, the company's ROE is quite dismal. However, the moderate 12% net income growth seen by Sunwoda ElectronicLtd over the past five years is definitely a positive. We reckon that there could 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.
如你所见，Sunwoda ElectronicLtd.的净资产收益率(ROE)看起来相当弱。即使与8.5%的行业平均净资产收益率相比，该公司的净资产收益率也相当惨淡。然而，Sunwoda ElectronicLtd在过去五年中看到的12%的净收入温和增长肯定是积极的。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。
We then performed a comparison between Sunwoda ElectronicLtd's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 13% in the same period.
然后，我们将森沃达电子有限公司的净收入增长与行业进行了比较，结果显示，该公司的增长与同期行业平均13%的增长相似。
Earnings 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. If you're wondering about Sunwoda ElectronicLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
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。如果你想知道Sunwoda ElectronicLtd.的估值，看看这个衡量其市盈率的指标，与其行业相比。
Is Sunwoda ElectronicLtd Making Efficient Use Of Its Profits?
森沃达电子有限公司是否在有效利用其利润？
Sunwoda ElectronicLtd has a low three-year median payout ratio of 13%, meaning that the company retains the remaining 87% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
Sunwoda ElectronicLtd的三年派息率中值较低，为13%，这意味着该公司将保留剩余87%的利润。这表明管理层正在将大部分利润进行再投资，以实现业务增长。
Besides, Sunwoda ElectronicLtd has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 12%. However, Sunwoda ElectronicLtd's ROE is predicted to rise to 16% despite there being no anticipated change in its payout ratio.
此外，森沃达电子有限公司至少在十年或更长时间内一直在分红。这表明该公司致力于与股东分享利润。根据最新的分析师预估，我们发现该公司未来三年的派息比率预计将稳定在12%。然而，Sunwoda ElectronicLtd的ROE预计将升至16%，尽管其派息率没有预期的变化。
Summary
摘要
In total, it does look like Sunwoda ElectronicLtd has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. 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.
总体而言，森沃达电子有限公司的业务确实有一些积极的方面。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。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。
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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。