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Kaili Catalyst & New Materials Co.,Ltd.'s (SHSE:688269) Stock Is Going Strong: Is the Market Following Fundamentals?
Kaili Catalyst & New Materials Co.,Ltd.'s (SHSE:688269) Stock Is Going Strong: Is the Market Following Fundamentals?
Kaili Catalyst & New MaterialsLtd's (SHSE:688269) stock is up by a considerable 12% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Kaili Catalyst & New MaterialsLtd's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
View our latest analysis for Kaili Catalyst & New MaterialsLtd
How Do You Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Kaili Catalyst & New MaterialsLtd is:
21% = CN¥189m ÷ CN¥897m (Based on the trailing twelve months to March 2022).
The 'return' refers to a company's earnings over the last year. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.21 in profit.
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.
Kaili Catalyst & New MaterialsLtd's Earnings Growth And 21% ROE
To begin with, Kaili Catalyst & New MaterialsLtd seems to have a respectable ROE. On comparing with the average industry ROE of 10% the company's ROE looks pretty remarkable. This probably laid the ground for Kaili Catalyst & New MaterialsLtd's significant 38% net income growth seen over the past five years. However, there could also be other causes behind this growth. Such as - high earnings retention or an efficient management in place.
Next, on comparing with the industry net income growth, we found that Kaili Catalyst & New MaterialsLtd's growth is quite high when compared to the industry average growth of 19% in the same period, which is great to see.
SHSE:688269 Past Earnings Growth August 2nd 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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Kaili Catalyst & New MaterialsLtd is trading on a high P/E or a low P/E, relative to its industry.
Is Kaili Catalyst & New MaterialsLtd Efficiently Re-investing Its Profits?
The high three-year median payout ratio of 57% (implying that it keeps only 43% of profits) for Kaili Catalyst & New MaterialsLtd suggests that the company's growth wasn't really hampered despite it returning most of the earnings to its shareholders.
While Kaili Catalyst & New MaterialsLtd 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. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 19% over the next three years. The fact that the company's ROE is expected to rise to 26% over the same period is explained by the drop in the payout ratio.
Summary
In total, we are pretty happy with Kaili Catalyst & New MaterialsLtd's performance. Especially the high ROE, Which has contributed to the impressive growth seen in earnings. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
凱利催化劑和新材料有限公司(上海證券交易所股票代碼:688269)的股票在過去三個月裏上漲了12%。考慮到市場從長期來看會獎勵強勁的金融類股,我們想知道,在這種情況下,情況是否如此。今天,我們將特別關注凱利催化劑和新材料有限公司的淨資產收益率。
股本回報率(ROE)是用來評估公司管理層利用公司資本效率的關鍵指標。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。
查看我們對凱利催化劑和新材料有限公司的最新分析
你如何計算股本回報率?
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,凱利催化劑和新材料有限公司的淨資產收益率為:
21%=1.89億元×8.97億元(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。這意味着,每增加價值1元的股東權益,公司就會產生0.21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。
凱利催化劑和新材料有限公司的收益增長和21%的淨資產收益率
首先,凱利催化劑和新材料有限公司似乎擁有令人尊敬的淨資產收益率。與10%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驚人。這可能為凱利催化劑和新材料有限公司在過去五年中實現38%的顯著淨收入增長奠定了基礎。然而,這種增長背後也可能有其他原因。例如-高收益留存或有效的管理到位。
接下來,對比行業淨收入增長,我們發現凱利催化劑和新材料有限公司的增長與同期行業平均增長19%相比是相當高的,這是令人欣喜的。
上證所:過去688269的收益增長2022年8月2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。衡量預期收益增長的一個很好的指標是市盈率,它根據一隻股票的盈利前景決定市場願意為其支付的價格。因此,你可能想看看凱利催化劑和新材料有限公司的市盈率相對於其行業是高市盈率還是低市盈率。
凱利催化劑和新材料有限公司是否有效地對其利潤進行了再投資?
凱利催化劑和新材料有限公司的三年派息率中值為57%(這意味着它只保留了43%的利潤),這表明儘管該公司將大部分收益返還給了股東,但該公司的增長並未受到真正的阻礙。
雖然凱利催化劑和新材料有限公司的收益有所增長,但它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。在研究了最新的分析師共識數據後,我們發現,該公司未來三年的派息率預計將降至19%。該公司同期的淨資產收益率(ROE)預計將升至26%,原因是派息率下降。
摘要
總體而言,我們對凱利催化劑和新材料有限公司的表現相當滿意。尤其是高淨資產收益率,這對盈利的令人印象深刻的增長做出了貢獻。儘管該公司只將一小部分利潤進行了再投資,但它仍然設法實現了收益增長,因此這是可以察覺的。話雖如此,最新的行業分析師預測顯示,該公司的收益增長預計將放緩。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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