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Are Strong Financial Prospects The Force That Is Driving The Momentum In China Leadshine Technology Co., Ltd.'s SZSE:002979) Stock?
Are Strong Financial Prospects The Force That Is Driving The Momentum In China Leadshine Technology Co., Ltd.'s SZSE:002979) Stock?
Most readers would already be aware that China Leadshine Technology's (SZSE:002979) stock increased significantly by 35% over the past three months. 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 China Leadshine Technology's ROE in this article.
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.
See our latest analysis for China Leadshine Technology
How Is ROE Calculated?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for China Leadshine Technology is:
19% = CN¥215m ÷ CN¥1.1b (Based on the trailing twelve months to March 2022).
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¥0.19.
Why Is ROE Important For Earnings Growth?
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 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.
A Side By Side comparison of China Leadshine Technology's Earnings Growth And 19% ROE
To start with, China Leadshine Technology's ROE looks acceptable. On comparing with the average industry ROE of 8.9% the company's ROE looks pretty remarkable. This probably laid the ground for China Leadshine Technology's significant 29% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.
As a next step, we compared China Leadshine Technology'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%.
SZSE:002979 Past Earnings Growth July 7th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is China Leadshine Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is China Leadshine Technology Using Its Retained Earnings Effectively?
China Leadshine Technology has a significant three-year median payout ratio of 59%, meaning the company only retains 41% of its income. This implies that the company has been able to achieve high earnings growth despite returning most of its profits to shareholders.
While China Leadshine Technology has seen growth in its earnings, it only recently started to pay a dividend. It is most likely that the company decided to impress new and existing shareholders with a dividend.
Summary
On the whole, we feel that China Leadshine Technology's performance has been quite good. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
大多數讀者應該已經知道,中國立光科技(SZSE:002979)的股票在過去三個月裏大幅上漲了35%。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中國領光科技的淨資產收益率。
淨資產收益率,即股本回報率,是評估一家公司從股東那裏獲得投資回報的有效程度的有用工具。簡而言之,淨資產收益率顯示了每一美元相對於其股東投資產生的利潤。
查看我們對中國領光科技的最新分析
淨資產收益率是如何計算的?
這個淨資產收益率公式是:
股本回報率=(持續經營的)淨利潤?股東權益
因此,根據上述公式,中國領光科技的淨資產收益率為:
19%=CN元2.15億×CN元11億元(以截至2022年3月的12個月為基礎)。
“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0.19元的利潤。
為什麼淨資產收益率對收益增長很重要?
到目前為止,我們已經瞭解到淨資產收益率衡量的是一家公司創造利潤的效率。根據公司選擇再投資或“保留”多少利潤,我們就能夠評估一家公司未來產生利潤的能力。假設其他條件不變,淨資產收益率和利潤保留率越高,與不一定具有這些特徵的公司相比,公司的增長率就越高。
中國領光科技盈利增長與淨資產收益率19%的並列比較
首先,中國領光科技的淨資產收益率看起來是可以接受的。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。這可能為中國領光科技在過去五年中實現29%的淨利潤大幅增長奠定了基礎。我們認為,可能還有其他因素在起作用。例如,該公司的派息率較低或管理效率較高。
作為下一步,我們將中國領光科技的淨收入增長與行業進行了比較,令人欣喜的是,我們發現該公司看到的增長高於行業平均16%的增長。
深圳證交所:過去002979的收益增長2022年7月7日賦予一家公司價值的基礎在很大程度上與其盈利增長掛鈎。對於投資者來説,重要的是知道市場是否已經消化了公司預期的收益增長(或下降)。這樣做將有助於他們確定該股的未來看起來是光明的還是不祥的。與其他公司相比,中國領光科技的價值是否公平?這3個估值指標可能會幫助你做出決定。
中國領光科技是否有效地利用了其留存收益?
中國領光科技的三年中值派息率高達59%,這意味着該公司只保留了41%的收入。這意味着,儘管該公司將大部分利潤返還給股東,但仍能夠實現高收益增長。
儘管中國領光科技的盈利有所增長,但它直到最近才開始派發股息。最有可能的是,該公司決定用股息給新股東和現有股東留下深刻印象。
摘要
整體而言,我們覺得中國領光科技的表現相當不錯。特別是,其高淨資產收益率相當值得注意,也是其可觀收益增長背後的可能解釋。然而,該公司保留了一小部分利潤。這意味着,儘管如此,該公司仍能實現收益增長,所以這並不是太糟糕。既然如此,一項對最新分析師預測的研究表明,預計該公司未來的收益增長將放緩。要了解更多分析師對該公司的最新預測,請查看分析師對該公司預測的可視化。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
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。
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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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