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Estun Automation Co., Ltd's (SZSE:002747) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Estun Automation Co., Ltd's (SZSE:002747) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Most readers would already be aware that Estun Automation's (SZSE:002747) stock increased significantly by 47% over the past three months. However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. Specifically, we decided to study Estun Automation's ROE in this article.
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.
View our latest analysis for Estun Automation
How Do You Calculate Return On Equity?
ROE 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 Estun Automation is:
6.2% = CN¥182m ÷ CN¥2.9b (Based on the trailing twelve months to March 2022).
The 'return' is the yearly profit. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.06.
Why Is ROE Important For Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. 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. 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 Estun Automation's Earnings Growth And 6.2% ROE
When you first look at it, Estun Automation's ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 8.2%. Although, we can see that Estun Automation saw a modest net income growth of 8.9% over the past five years. We reckon that there could be other factors at play here. Such as - high earnings retention or an efficient management in place.
As a next step, we compared Estun Automation's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 14% in the same period.
SZSE:002747 Past Earnings Growth August 19th 2022Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. 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 Estun Automation is trading on a high P/E or a low P/E, relative to its industry.
Is Estun Automation Making Efficient Use Of Its Profits?
The high three-year median payout ratio of 54% (or a retention ratio of 46%) for Estun Automation suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
Additionally, Estun Automation has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 16% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 16%, over the same period.
Conclusion
On the whole, we feel that the performance shown by Estun Automation can be open to many interpretations. While the company has posted a decent earnings growth, We do feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings at a higher rate of return. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page 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,埃斯通自動化(SZSE:002747)的股票在過去三個月裏大幅上漲了47%。然而,我們決定關注該公司的基本面,這些基本面似乎並未給出該公司財務健康狀況的明確跡象。具體地説,我們決定在本文中研究Estun Automation的ROE。
股本回報率或淨資產收益率是股東要考慮的一個重要因素,因為它告訴他們他們的資本再投資的效率。換句話説,它揭示了該公司成功地將股東投資轉化為利潤。
查看我們對Estun Automation的最新分析
你如何計算股本回報率?
可使用以下公式計算淨資產收益率:
股本回報率=(持續經營的)淨利潤?股東權益
因此,根據上面的公式,Estun Automation的ROE為:
6.2%=1.82億元×29億元(以截至2022年3月的12個月為基礎)。
“回報”就是年度利潤。因此,這意味着股東每投資1元人民幣,公司就會產生0.06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,我們瞭解到淨資產收益率是衡量一家公司盈利能力的指標。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。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。
Estun Automation盈利增長與6.2%淨資產收益率的並列比較
當你第一次看到它的時候,Estin Automation的ROE看起來並不那麼吸引人。然後,我們將該公司的淨資產收益率(ROE)與更廣泛的行業進行了比較,發現淨資產收益率低於行業平均水平8.2%,這讓我們感到失望。然而,我們可以看到,在過去的五年中,Estun Automation的淨收入温和增長了8.9%。我們認為,可能還有其他因素在起作用。例如-高收益留存或有效的管理到位。
作為下一步,我們將Estun Automation的淨收入增長與行業進行了比較,並失望地看到,該公司的增長低於同期14%的行業平均增長。
深圳證交所:過去002747的收益增長2022年8月19日盈利增長是股票估值的一個重要因素。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)。通過這樣做,他們將知道股票是將進入清澈的藍色水域,還是等待沼澤水域。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,你可能想要檢查Estun Automation相對於其行業是高市盈率還是低市盈率。
Estun Automation是否在有效利用其利潤?
Estun Automation的三年派息率中值高達54%(或留存率為46%),這表明儘管該公司將大部分收入返還給股東,但該公司的增長並未受到真正的阻礙。
此外,Estun Automation在七年的時間裏支付了股息,這意味着該公司非常認真地與股東分享利潤。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16%。因此,派息率的預期下降解釋了公司同期淨資產收益率預期上升至16%的原因。
結論
總體來説,我們覺得Estun Automation展示的表現可以有多種解讀。雖然該公司公佈了不錯的收益增長,但我們確實認為,如果該公司以更高的回報率將更多收益進行再投資,收益增長數字可能會更高。儘管如此,最新的行業分析師預測顯示,該公司的收益預計將加速增長。這些分析師的預期是基於對該行業的廣泛預期,還是基於該公司的基本面?點擊此處進入我們分析師對該公司的預測頁面。
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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