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Is Shanghai QiFan Cable Co., Ltd's (SHSE:605222) Recent Stock Performance Tethered To Its Strong Fundamentals?
Is Shanghai QiFan Cable Co., Ltd's (SHSE:605222) Recent Stock Performance Tethered To Its Strong Fundamentals?
Shanghai QiFan Cable's (SHSE:605222) stock is up by a considerable 23% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Shanghai QiFan Cable's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
Check out our latest analysis for Shanghai QiFan Cable
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 Shanghai QiFan Cable is:
18% = CN¥690m ÷ CN¥3.9b (Based on the trailing twelve months to March 2022).
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.18 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. 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. 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.
Shanghai QiFan Cable's Earnings Growth And 18% ROE
To begin with, Shanghai QiFan Cable seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 8.8%. This certainly adds some context to Shanghai QiFan Cable's exceptional 26% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
Next, on comparing with the industry net income growth, we found that Shanghai QiFan Cable's growth is quite high when compared to the industry average growth of 14% in the same period, which is great to see.
SHSE:605222 Past Earnings Growth August 19th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. Is Shanghai QiFan Cable fairly valued compared to other companies? These 3 valuation measures might help you decide.
Is Shanghai QiFan Cable Making Efficient Use Of Its Profits?
Shanghai QiFan Cable's ' three-year median payout ratio is on the lower side at 11% implying that it is retaining a higher percentage (89%) of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number.
Along with seeing a growth in earnings, Shanghai QiFan Cable only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders.
Conclusion
Overall, we are quite pleased with Shanghai QiFan Cable's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. 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 4 risks we have identified for Shanghai QiFan Cable.
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.
上海奇帆有線電視(上海證券交易所代碼:605222)的股票在過去三個月裏大幅上漲了23%。鑑於該公司令人印象深刻的業績,我們決定更仔細地研究其財務指標,因為公司的長期財務健康狀況通常決定着市場結果。特別是今天我們將關注上海奇帆有線的淨資產收益率。
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。換句話説,這是一個衡量公司股東提供的資本回報率的盈利比率。
查看我們對上海奇帆有線的最新分析
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,上海奇帆電纜的淨資產收益率為:
18%=CN元6.9億×CN元39億元(基於截至2022年3月的12個月)。
“收益”是過去12個月的利潤。這意味着,每增加價值1元的股東權益,公司就會產生0.18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。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。
上海奇帆有線盈利增長18%淨資產收益率
首先,上海奇帆有線似乎擁有可觀的淨資產收益率(ROE)。此外,該公司的淨資產收益率(ROE)與8.8%的行業平均水平相比相當有利。這無疑為上海奇帆有線在過去五年中26%的淨利潤增長提供了一些背景。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。
接下來,對比行業淨收入增長,我們發現上海奇帆電纜的增長與同期14%的行業平均增長相比是相當高的,這是令人欣喜的。
上海證券交易所:過去605222的收益增長2022年8月19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。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。與其他公司相比,上海奇帆有線的估值是否公平?這3個估值指標可能會幫助你做出決定。
上海奇帆電纜是否有效利用了利潤?
上海奇帆有線的三年中值派息率為11%,處於較低水平,這意味着它將保留更高的利潤比例(89%)。因此,管理層似乎正在對利潤進行大量再投資,以增長業務,這反映在其收益增長數字上。
在看到盈利增長的同時,上海奇帆有線直到最近才開始分紅。該公司很可能希望給股東留下深刻印象。
結論
總體而言,我們對上海奇帆有線的表現相當滿意。特別是,我們喜歡該公司對其業務進行大量再投資,並以高回報率進行投資。不出所料,這導致了令人印象深刻的收益增長。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上海奇帆電纜確定的4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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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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