Are Robust Financials Driving The Recent Rally In Guangdong Champion Asia Electronics Co.,Ltd.'s (SHSE:603386) Stock?
Are Robust Financials Driving The Recent Rally In Guangdong Champion Asia Electronics Co.,Ltd.'s (SHSE:603386) Stock?
Guangdong Champion Asia ElectronicsLtd's (SHSE:603386) stock is up by a considerable 11% over the past week. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Specifically, we decided to study Guangdong Champion Asia ElectronicsLtd's ROE in this article.
廣東冠軍亞洲電子股份有限公司(上海證券交易所股票代碼：603386)的股票在過去一週內大幅上漲了11%。由於市場通常為公司的長期基本面買單，我們決定研究公司的關鍵業績指標，看看它們是否會影響市場。具體地説，我們決定在本文中研究廣東冠軍亞洲電子有限公司的淨資產收益率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回報率(ROE)是對一家公司增值和管理投資者資金的效率的測試。簡而言之，它衡量的是一家公司相對於股東權益的盈利能力。
Check out our latest analysis for Guangdong Champion Asia ElectronicsLtd
查看我們對廣東冠軍亞洲電子有限公司的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率？
The formula for ROE is:
這個淨資產收益率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for Guangdong Champion Asia ElectronicsLtd is:
因此，根據上述公式，廣東冠軍亞洲電子有限公司的淨資產收益率為：
12% = CN¥179m ÷ CN¥1.5b (Based on the trailing twelve months to March 2022).
12%=CN元1.79億×CN元15億元(以截至2022年3月的12個月為基礎)。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.12.
“回報”指的是企業在過去一年中獲得的收入。因此，這意味着股東每投資1元人民幣，公司就會產生0.12元的利潤。
What Has ROE Got To Do With Earnings Growth?
淨資產收益率與盈利增長有什麼關係？
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. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
我們已經證實，淨資產收益率是一家公司未來收益的有效盈利指標。我們現在需要評估公司將多少利潤再投資或“保留”用於未來的增長，這就讓我們對公司的增長潛力有了一個瞭解。一般來説，在其他條件相同的情況下，股本回報率和利潤留存較高的公司比不具備這些特徵的公司有更高的增長率。
Guangdong Champion Asia ElectronicsLtd's Earnings Growth And 12% ROE
廣東冠軍亞洲電子有限公司盈利增長和12%的淨資產收益率
To begin with, Guangdong Champion Asia ElectronicsLtd seems to have a respectable ROE. On comparing with the average industry ROE of 8.9% the company's ROE looks pretty remarkable. Probably as a result of this, Guangdong Champion Asia ElectronicsLtd was able to see an impressive net income growth of 34% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
首先，廣東冠軍亞洲電子有限公司似乎擁有令人尊敬的淨資產收益率。與8.9%的行業平均淨資產收益率相比，該公司的淨資產收益率看起來相當可觀。可能正因為如此，廣東冠軍亞洲電子有限公司在過去五年中能夠實現令人印象深刻的34%的淨收入增長。我們認為，可能還有其他方面正在積極影響公司的收益增長。例如-高收益留存或有效的管理到位。
As a next step, we compared Guangdong Champion Asia ElectronicsLtd's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 16%.
下一步，我們將廣東冠軍亞洲電子有限公司的淨收入增長與行業進行了比較，令人高興的是，我們發現該公司的增長高於行業平均16%的增長。
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. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Guangdong Champion Asia ElectronicsLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是股票估值的一個重要因素。投資者下一步需要確定的是，預期的收益增長是否已經計入了股價。這有助於他們確定這隻股票是為光明還是黯淡的未來做準備。如果你想知道廣東冠軍亞洲電子有限公司的估值，看看這個衡量其市盈率的指標，與其行業相比。
Is Guangdong Champion Asia ElectronicsLtd Efficiently Re-investing Its Profits?
廣東冠軍亞洲電子有限公司是否有效地將其利潤進行了再投資？
The three-year median payout ratio for Guangdong Champion Asia ElectronicsLtd is 40%, which is moderately low. The company is retaining the remaining 60%. By the looks of it, the dividend is well covered and Guangdong Champion Asia ElectronicsLtd is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.
廣東冠軍亞洲電子有限公司的三年派息率中位數為40%，略低。該公司將保留剩餘的60%。從表面上看，股息得到了很好的覆蓋，廣東冠軍亞洲電子有限公司正在有效地將其利潤進行再投資，這從我們上面討論的非凡增長中可見一斑。
Moreover, Guangdong Champion Asia ElectronicsLtd is determined to keep sharing its profits with shareholders which we infer from its long history of four years of paying a dividend.
此外，廣東冠軍亞洲電子有限公司決心繼續與股東分享利潤，這是我們從其長期派息的四年曆史中推斷出來的。
Summary
摘要
In total, we are pretty happy with Guangdong Champion Asia ElectronicsLtd's performance. 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. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. Our risks dashboard would have the 3 risks we have identified for Guangdong Champion Asia ElectronicsLtd.
總體而言，我們對廣東冠軍亞洲電子有限公司的表現相當滿意。具體地説，我們喜歡該公司將一大筆利潤以高回報率進行再投資。當然，這導致該公司的收益出現了大幅增長。如果該公司繼續以目前的方式增長收益，考慮到每股收益對長期股價的影響，這可能會對其股價產生積極影響。記住，股票的價格也取決於感知到的風險。因此，投資者在投資任何公司之前，必須隨時瞭解所涉及的風險。我們的風險儀錶板將包含我們為廣東冠軍亞洲電子有限公司確定的3個風險。
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本文由Simply Wall St.撰寫，具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論，我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。