Could The Market Be Wrong About Eastroc Beverage (Group) Co.,Ltd. (SHSE:605499) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About Eastroc Beverage (Group) Co.,Ltd. (SHSE:605499) Given Its Attractive Financial Prospects?
With its stock down 6.7% over the past month, it is easy to disregard Eastroc Beverage (Group)Ltd (SHSE:605499). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Eastroc Beverage (Group)Ltd's ROE in this article.
Eastroc饮料（集团）有限公司（上海证券交易所股票代码：605499）的股票在过去一个月中下跌了6.7％，很容易被忽视。但是，股票价格通常由公司的长期财务业绩驱动，在这种情况下，这看起来很有希望。具体而言，我们决定在本文中研究Eastroc饮料（集团）有限公司的投资回报率。
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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
ROE或股本回报率是评估公司如何有效地从股东那里获得的投资回报的有用工具。简而言之，它衡量公司相对于股东权益的盈利能力。
See our latest analysis for Eastroc Beverage (Group)Ltd
查看我们对Eastroc Beverage（集团）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 ROE is:
投资回报率的公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润（来自持续经营）÷ 股东权益
So, based on the above formula, the ROE for Eastroc Beverage (Group)Ltd is:
因此，根据上述公式，Eastroc饮料（集团）有限公司的投资回报率为：
32% = CN¥1.9b ÷ CN¥6.0b (Based on the trailing twelve months to September 2023).
32% = 19亿元人民币 ÷ 60亿元人民币（基于截至2023年9月的过去十二个月）。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.32 in profit.
“回报” 是过去十二个月的税后收入。这意味着，每获得价值1元人民币的股东权益，该公司就会产生0.32元人民币的利润。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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.
到目前为止，我们已经了解到，ROE衡量的是公司创造利润的效率。我们现在需要评估公司再投资或 “保留” 了多少利润以用于未来的增长，这样我们就可以了解公司的增长潜力。假设其他一切都保持不变，那么与不一定具有这些特征的公司相比，投资回报率和利润保留率越高，公司的增长率就越高。
Eastroc Beverage (Group)Ltd's Earnings Growth And 32% ROE
Eastroc饮料（集团）有限公司的收益增长和32％的投资回报率
To begin with, Eastroc Beverage (Group)Ltd has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 13% the company's ROE is quite impressive. As a result, Eastroc Beverage (Group)Ltd's exceptional 28% net income growth seen over the past five years, doesn't come as a surprise.
首先，Eastroc饮料（集团）有限公司的投资回报率相当高，这很有趣。其次，即使与行业平均水平的13％相比，该公司的投资回报率也相当可观。因此，Eastroc饮料（集团）有限公司在过去五年中实现了28％的惊人净收入增长并不令人意外。
We then compared Eastroc Beverage (Group)Ltd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 17% in the same 5-year period.
然后，我们将Eastroc Beverage（集团）有限公司的净收入增长与该行业进行了比较，我们很高兴地看到，与同期5年同期增长率为17％的行业相比，该公司的增长数字更高。
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). Doing so will help them establish if the stock's future looks promising or ominous. What is 605499 worth today? The intrinsic value infographic in our free research report helps visualize whether 605499 is currently mispriced by the market.
收益增长是股票估值的重要因素。对于投资者来说，重要的是要知道市场是否对公司的预期收益增长（或下降）进行了定价。这样做将帮助他们确定股票的未来是乐观还是不祥的。今天的605499值多少钱？我们的免费研究报告中的内在价值信息图有助于可视化605499目前是否被市场错误定价。
Is Eastroc Beverage (Group)Ltd Using Its Retained Earnings Effectively?
Eastroc Beverage（集团）有限公司是否在有效使用其留存收益？
The three-year median payout ratio for Eastroc Beverage (Group)Ltd is 49%, which is moderately low. The company is retaining the remaining 51%. So it seems that Eastroc Beverage (Group)Ltd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Eastroc饮料（集团）有限公司的三年派息率中位数为49％，略低。该公司保留了剩余的51％。因此，看来Eastroc Beverage（集团）有限公司正在进行有效的再投资，其收益增长令人印象深刻（如上所述），并支付的股息覆盖范围广。
Along with seeing a growth in earnings, Eastroc Beverage (Group)Ltd only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 53%. Accordingly, forecasts suggest that Eastroc Beverage (Group)Ltd's future ROE will be 33% which is again, similar to the current ROE.
除了收益增长外，Eastroc饮料（集团）有限公司直到最近才开始派发股息。该公司很可能想给股东留下深刻的印象。我们的最新分析师数据显示，公司未来三年的派息率预计约为53％。因此，预测表明，Eastroc饮料（集团）有限公司未来的投资回报率将为33％，与目前的投资回报率相似。
Summary
摘要
On the whole, we feel that Eastroc Beverage (Group)Ltd's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总体而言，我们认为Eastroc饮料（集团）有限公司的表现相当不错。特别是，我们喜欢该公司对其业务进行大量再投资，而且回报率很高。毫不奇怪，这带来了令人印象深刻的收益增长。我们还研究了最新的分析师预测，发现该公司的收益增长预计与其当前的增长率相似。要详细了解分析师对公司的最新预测，请查看该公司的分析师预测的可视化。
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Simply Wall St 的这篇文章本质上是笼统的。我们仅使用公正的方法提供基于历史数据和分析师预测的评论，我们的文章并非旨在提供财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。