Is Weakness In S-Enjoy Service Group Co., Limited (HKG:1755) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Is Weakness In S-Enjoy Service Group Co., Limited (HKG:1755) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
With its stock down 34% over the past three months, it is easy to disregard S-Enjoy Service Group (HKG:1755). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Particularly, we will be paying attention to S-Enjoy Service Group's ROE today.
在过去三个月其股价下跌34%的情况下，很容易忽视S-享受服务集团(HKG：1755)。然而，股价通常是由一家公司的长期财务表现推动的，在这种情况下，这看起来相当有希望。今天，我们将特别关注S-享受服务集团的净资产收益率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回报率或净资产收益率是股东要考虑的一个重要因素，因为它告诉他们他们的资本再投资的效率。换句话说，它揭示了该公司成功地将股东投资转化为利润。
Check out our latest analysis for S-Enjoy Service Group
查看我们对S-享受服务集团的最新分析
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 S-Enjoy Service Group is:
因此，根据上面的公式，S-EYEY服务组的ROE为：
22% = CN¥559m ÷ CN¥2.5b (Based on the trailing twelve months to December 2021).
22%=5.59亿元×25亿元(以截至2021年12月的12个月为基础)。
The 'return' is the income the business earned over the last year. That means that for every HK$1 worth of shareholders' equity, the company generated HK$0.22 in profit.
“回报”指的是企业在过去一年中获得的收入。这意味着，每1港元的股东权益，该公司就会产生0.22港元的利润。
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？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前为止，我们已经了解到净资产收益率衡量的是一家公司创造利润的效率。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。假设其他条件相同，与没有相同特征的公司相比，拥有更高股本回报率和更高利润保留率的公司通常会有更高的增长率。
A Side By Side comparison of S-Enjoy Service Group's Earnings Growth And 22% ROE
S-享受服务集团盈利增长与22%净资产收益率的并列比较
Firstly, we acknowledge that S-Enjoy Service Group has a significantly high ROE. Additionally, the company's ROE is higher compared to the industry average of 7.2% which is quite remarkable. As a result, S-Enjoy Service Group's exceptional 36% net income growth seen over the past five years, doesn't come as a surprise.
首先，我们承认S-享受服务集团拥有显著较高的净资产收益率。此外，该公司的净资产收益率(ROE)高于行业平均水平7.2%，这一点相当值得注意。因此，S-享受服务集团在过去五年中实现了36%的异常净利润增长，这并不令人意外。
Next, on comparing with the industry net income growth, we found that S-Enjoy Service Group's growth is quite high when compared to the industry average growth of 8.2% in the same period, which is great to see.
接下来，通过与行业净收入增长的对比，我们发现，与同期8.2%的行业平均增长相比，S-enjoy Service Group的增长相当高，这是令人欣喜的。
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about S-Enjoy Service Group's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增长是评估一只股票时需要考虑的一个重要指标。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)。这有助于他们确定这只股票是为光明还是黯淡的未来做准备。如果你想知道S-享受服务集团的估值，看看这个衡量其市盈率的指标，与其行业相比。
Is S-Enjoy Service Group Efficiently Re-investing Its Profits?
S-享受服务集团是否有效地将其利润进行了再投资？
S-Enjoy Service Group has a three-year median payout ratio of 42% (where it is retaining 58% of its income) which is not too low or not too high. So it seems that S-Enjoy Service Group is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
S-享受服务集团的三年中值派息率为42%(其中保留了58%的收入)，这不是太低也不是太高。因此，S-享受服务集团似乎正在以一种高效的方式进行再投资，它看到了令人印象深刻的收益增长(如上所述)，并支付了丰厚的股息。
Additionally, S-Enjoy Service Group has paid dividends over a period of three years which means that the company is pretty serious about sharing its profits with shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 28% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 32%, over the same period.
此外，S-享受服务集团在三年内支付了股息，这意味着该公司对与股东分享利润是相当认真的。分析师现有的预估显示，该公司未来三年的派息率预计将降至28%。因此，派息率的预期下降解释了公司同期净资产收益率预期上升至32%的原因。
Conclusion
结论
Overall, we are quite pleased with S-Enjoy Service Group's performance. 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 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，我们对S-愉悦服务集团的表现相当满意。特别是，我们喜欢该公司对其业务进行大量再投资，并以高回报率进行投资。不出所料，这导致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将与目前的增长速度相似。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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这篇由《华尔街日报》撰写的文章本质上是笼统的。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。简单地说，华尔街在提到的任何股票中都没有头寸。