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Nanjing TDH Technology Co.,Ltd.'s (SZSE:301378) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Nanjing TDH Technology Co.,Ltd.'s (SZSE:301378) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

南京天德华科技股份有限公司,Ltd. 's(深交所代码:301378)股票势头强劲:这是否需要对其财务前景进行更深入的研究?
Simply Wall St ·  2023/08/22 18:44

Nanjing TDH TechnologyLtd's (SZSE:301378) stock is up by a considerable 13% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on Nanjing TDH TechnologyLtd's ROE.

南京天地科技股份有限公司(深圳证券交易所股票代码:301378)的股票在过去一个月里上涨了13%。考虑到股价通常与公司的长期财务表现保持一致,我们决定更仔细地研究公司的财务指标,看看它们是否对最近的价格走势起到了作用。在本文中,我们决定将重点放在南京天达科技有限公司的净资产收益率上。

ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

净资产收益率,即股本回报率,是评估一家公司从股东那里获得投资回报的有效程度的有用工具。换句话说,这是一个衡量公司股东提供的资本回报率的盈利比率。

View our latest analysis for Nanjing TDH TechnologyLtd

查看我们对南京天达科技有限公司的最新分析

How Do You Calculate Return On Equity?

你如何计算股本回报率?

ROE can be calculated by using the formula:

可使用以下公式计算净资产收益率:

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 Nanjing TDH TechnologyLtd is:

因此,根据上述公式,南京天达科技有限公司的净资产收益率为:

6.1% = CN¥88m ÷ CN¥1.4b (Based on the trailing twelve months to March 2023).

6.1%=CN元8800万×CN元14亿元(基于截至2023年3月的12个月)。

The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.06 in profit.

“报税表”是过去12个月的税后收入。一种概念化的方法是,公司每拥有1元人民币的股东资本,就会获得0.06元人民币的利润。

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. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长,这就让我们对公司的增长潜力有了一个了解。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。

Nanjing TDH TechnologyLtd's Earnings Growth And 6.1% ROE

南京天达科技有限公司盈利增长6.1%净资产收益率

At first glance, Nanjing TDH TechnologyLtd's ROE doesn't look very promising. However, its ROE is similar to the industry average of 5.5%, so we won't completely dismiss the company. On the other hand, Nanjing TDH TechnologyLtd reported a moderate 19% net income growth over the past five years. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this 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.

乍一看,南京天达科技股份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5.5%的行业平均水平,因此我们不会完全对该公司不屑一顾。另一方面,南京天达科技有限公司报告称,在过去五年中,净收入温和增长了19%。鉴于净资产收益率略低,很可能还有其他一些方面在推动这一增长。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。

Next, on comparing with the industry net income growth, we found that Nanjing TDH TechnologyLtd's growth is quite high when compared to the industry average growth of 9.1% in the same period, which is great to see.

接下来,通过与行业净收入增长的比较,我们发现南京天达科技有限公司的增长与同期行业平均9.1%的增长相比是相当高的,这是很令人欣喜的。

past-earnings-growth
SZSE:301378 Past Earnings Growth August 22nd 2023
深圳证交所:过去301378的收益增长2023年8月22日

Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Nanjing TDH TechnologyLtd is trading on a high P/E or a low P/E, relative to its industry.

盈利增长是股票估值的一个重要因素。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)。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。衡量预期收益增长的一个很好的指标是市盈率,它根据一只股票的盈利前景决定市场愿意为其支付的价格。因此,你可能想看看南京天达科技有限公司相对于其行业是高市盈率还是低市盈率。

Is Nanjing TDH TechnologyLtd Efficiently Re-investing Its Profits?

南京天达科技有限公司是否有效地将利润进行了再投资?

With a three-year median payout ratio of 40% (implying that the company retains 60% of its profits), it seems that Nanjing TDH TechnologyLtd is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.

三年的派息率中值为40%(这意味着该公司保留了60%的利润),看起来南京天地科技有限公司正在以一种高效的方式进行再投资,它看到了收益可观的增长,并支付了覆盖充分的股息。

Summary

摘要

On the whole, we do feel that Nanjing TDH TechnologyLtd has some positive attributes. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 3 risks we have identified for Nanjing TDH TechnologyLtd visit our risks dashboard for free.

总体而言,我们确实觉得南京天地科技有限公司有一些积极的属性。尽管回报率很低,但由于对业务进行了大量再投资,该公司实现了令人印象深刻的收益增长。虽然我们不会完全解雇这家公司,但我们要做的是努力确定这项业务在公司周围做出更明智的决定的风险有多大。要了解我们为南京天达科技有限公司确定的三个风险,请免费访问我们的风险仪表板。

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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.

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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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