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Is Weakness In Zhejiang Sanhua Intelligent Controls Co.,Ltd (SZSE:002050) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

Is Weakness In Zhejiang Sanhua Intelligent Controls Co.,Ltd (SZSE:002050) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?

是浙江三花智能控制有限公司的弱点吗, Ltd (SZSE: 002050) 股票表明鉴于其强劲的财务前景,市场可能出错?
Simply Wall St ·  01/24 21:43

Zhejiang Sanhua Intelligent ControlsLtd (SZSE:002050) has had a rough month with its share price down 20%. 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 Zhejiang Sanhua Intelligent ControlsLtd's ROE today.

浙江三花智能控制有限公司(深圳证券交易所:002050)经历了艰难的一个月,其股价下跌了20%。但是,仔细观察其良好的财务状况可能会让你重新考虑。鉴于基本面通常会推动长期市场业绩,因此该公司值得关注。特别是,我们今天将关注浙江三花智控股份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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.

投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。简而言之,投资回报率显示了每美元从其股东投资中产生的利润。

Check out our latest analysis for Zhejiang Sanhua Intelligent ControlsLtd

查看我们对浙江三花智能控制有限公司的最新分析

How Is ROE Calculated?

ROE 是如何计算的?

The formula for return on equity is:

股本回报率的公式是:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股本回报率 = 净利润(来自持续经营业务)÷ 股东权益

So, based on the above formula, the ROE for Zhejiang Sanhua Intelligent ControlsLtd is:

因此,根据上述公式,浙江三花智控有限公司的投资回报率为:

18% = CN¥3.2b ÷ CN¥17b (Based on the trailing twelve months to September 2023).

18% = 32亿元人民币 ÷ 170亿元人民币(基于截至2023年9月的过去十二个月)。

The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.18 in profit.

“回报” 是企业去年获得的收入。将其概念化的一种方法是,每拥有1元人民币的股东资本,公司的利润为0.18元人民币。

What Has ROE Got To Do With Earnings Growth?

投资回报率与收益增长有什么关系?

So far, we've learned that ROE is a measure of a company's profitability. 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.

到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他一切保持不变,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。

Zhejiang Sanhua Intelligent ControlsLtd's Earnings Growth And 18% ROE

浙江三花智能控制有限公司的收益增长和18%的投资回报率

To begin with, Zhejiang Sanhua Intelligent ControlsLtd seems to have a respectable ROE. Especially when compared to the industry average of 7.5% the company's ROE looks pretty impressive. Probably as a result of this, Zhejiang Sanhua Intelligent ControlsLtd was able to see a decent growth of 18% over the last five years.

首先,浙江三花智控股份有限公司的投资回报率似乎相当不错。特别是与7.5%的行业平均水平相比,该公司的投资回报率看起来相当可观。可能是由于这个原因,浙江三花智能控制有限公司在过去五年中得以实现18%的可观增长。

Next, on comparing with the industry net income growth, we found that Zhejiang Sanhua Intelligent ControlsLtd's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see.

接下来,与行业净收入增长相比,我们发现,与同期行业平均增长11%相比,浙江三花智控有限公司的增长相当高,这真是太好了。

past-earnings-growth
SZSE:002050 Past Earnings Growth January 25th 2024
SZSE: 002050 过去的收益增长 2024 年 1 月 25 日

Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. What is 002050 worth today? The intrinsic value infographic in our free research report helps visualize whether 002050 is currently mispriced by the market.

收益增长是股票估值的重要因素。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。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002050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002050目前是否被市场错误定价。

Is Zhejiang Sanhua Intelligent ControlsLtd Efficiently Re-investing Its Profits?

浙江三花智控有限公司是否有效地将利润再投资?

Zhejiang Sanhua Intelligent ControlsLtd has a healthy combination of a moderate three-year median payout ratio of 44% (or a retention ratio of 56%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.

浙江三花智能控制有限公司的三年派息率中位数为44%(或56%的留存率)和可观的收益增长(如上所示),这是一个健康的组合,这意味着该公司一直在有效利用其利润。

Additionally, Zhejiang Sanhua Intelligent ControlsLtd has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 33% over the next three years. The fact that the company's ROE is expected to rise to 22% over the same period is explained by the drop in the payout ratio.

此外,浙江三花智能控制有限公司已在至少十年内派发了股息,这意味着该公司非常认真地与股东分享利润。我们最新的分析师数据显示,该公司的未来派息率预计将在未来三年降至33%。该公司的投资回报率预计将在同期上升至22%,这一事实可以用派息率的下降来解释。

Conclusion

结论

On the whole, we feel that Zhejiang Sanhua Intelligent ControlsLtd's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

总的来说,我们觉得浙江三花智控有限公司的表现相当不错。具体而言,我们喜欢该公司以高回报率再投资其利润的很大一部分。当然,这导致该公司的收益大幅增长。最新的行业分析师预测显示,预计该公司将保持目前的增长率。这些分析师的预期是基于对该行业的广泛预期,还是基于公司的基本面?点击此处进入我们分析师对公司的预测页面。

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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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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根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。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,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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