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Suzhou Hesheng Special Material Co., Ltd.'s (SZSE:002290) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Suzhou Hesheng Special Material Co., Ltd.'s (SZSE:002290) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Most readers would already be aware that Suzhou Hesheng Special Material's (SZSE:002290) stock increased significantly by 46% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Suzhou Hesheng Special Material's ROE today.
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. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for Suzhou Hesheng Special Material
How Is ROE Calculated?
Return on equity can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Suzhou Hesheng Special Material is:
13% = CN¥72m ÷ CN¥556m (Based on the trailing twelve months to March 2022).
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.13 in profit.
What Has ROE Got To Do With Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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 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.
A Side By Side comparison of Suzhou Hesheng Special Material's Earnings Growth And 13% ROE
At first glance, Suzhou Hesheng Special Material seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 9.5%. For this reason, Suzhou Hesheng Special Material's five year net income decline of 16% raises the question as to why the high ROE didn't translate into earnings growth. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. These include low earnings retention or poor allocation of capital.
That being said, we compared Suzhou Hesheng Special Material's performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 17% in the same period.
SZSE:002290 Past Earnings Growth July 27th 2022Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is Suzhou Hesheng Special Material fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Suzhou Hesheng Special Material Making Efficient Use Of Its Profits?
Suzhou Hesheng Special Material doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating.
Summary
In total, it does look like Suzhou Hesheng Special Material has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard will have the 1 risk we have identified for Suzhou Hesheng Special Material.
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,蘇州合生特材(SZSE:002290)的庫存在過去三個月裏大幅增長了46%。考慮到股價通常與公司的長期財務表現保持一致,我們決定更仔細地研究公司的財務指標,看看它們是否對最近的價格走勢起到了作用。今天我們特別關注蘇州合生特材的淨資產收益率。
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,它是用來評估一家公司相對於其權益資本的盈利能力。
查看我們對蘇州合生特殊材料的最新分析
淨資產收益率是如何計算的?
股本回報率可使用以下公式計算:
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,蘇州合生特材的淨資產收益率為:
13%=7200萬元×5.56億元(以截至2022年3月的12個月為基礎)。
“回報”指的是一家公司過去一年的收益。將其概念化的一種方法是,公司每擁有1元人民幣的股東資本,就會獲得0.13元的利潤。
淨資產收益率與盈利增長有什麼關係?
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。根據公司將這些利潤再投資或“保留”多少,以及這樣做的效率如何,我們就能夠評估一家公司的收益增長潛力。假設其他條件相同,與沒有相同特徵的公司相比,擁有更高股本回報率和更高利潤保留率的公司通常會有更高的增長率。
蘇州合生特材盈利增長與淨資產收益率13%的並列比較
乍一看,蘇州合生特材似乎有不錯的淨資產收益率。此外,該公司的淨資產收益率(ROE)與9.5%的行業平均水平相比相當有利。正因為如此,蘇州合生特材的五年淨利潤下降了16%,這讓人不禁要問,為什麼高淨資產收益率沒有轉化為盈利增長。基於此,我們認為,可能還有本文迄今未討論的其他原因,可能正在阻礙公司的增長。這些問題包括低收益留存或資本配置不善。
話雖如此,我們將蘇州合生特殊材料的表現與行業進行了比較,當我們發現該公司在同期盈利縮水的同時,該行業的盈利卻以17%的速度增長,這讓我們感到擔憂。
深圳證交所:過去002290的收益增長2022年7月27日盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的收益增長或下降是否已計入價格,無論是哪種情況。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。與其他公司相比,蘇州合生特材的價值是否公平?這3個估值指標可能會幫助你做出決定。
蘇州合生特材是否高效利用利潤?
蘇州合生特殊材料不支付任何股息,這意味着該公司的所有利潤可能都將再投資於該業務,這並不能解釋為什麼該公司在保留所有利潤的情況下利潤會縮水。因此,在這方面可能會有其他一些解釋。例如,該公司的業務可能正在惡化。
摘要
總體而言,蘇州合生特材的業務確實有一些積極的方面。然而,低收益增長有點令人擔憂,特別是考慮到該公司擁有高回報率,並將大部分利潤進行再投資。從表面上看,可能還有其他一些因素正在阻礙增長,這些因素並不一定是控制企業的因素。雖然我們不會完全解僱這家公司,但我們要做的是努力確定這項業務在公司周圍做出更明智的決定的風險有多大。我們的風險控制面板將包含我們為蘇州合生特殊材料確定的1個風險。
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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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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