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Are Robust Financials Driving The Recent Rally In Zhengzhou Coal Mining Machinery Group Company Limited's (SHSE:601717) Stock?
Are Robust Financials Driving The Recent Rally In Zhengzhou Coal Mining Machinery Group Company Limited's (SHSE:601717) Stock?
Zhengzhou Coal Mining Machinery Group's (SHSE:601717) stock is up by a considerable 25% 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 Zhengzhou Coal Mining Machinery Group'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. Put another way, it reveals the company's success at turning shareholder investments into profits.
See our latest analysis for Zhengzhou Coal Mining Machinery Group
How To 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 Zhengzhou Coal Mining Machinery Group is:
13% = CN¥2.2b ÷ CN¥16b (Based on the trailing twelve months to March 2022).
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.13 in profit.
What Has ROE Got To Do With 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.
A Side By Side comparison of Zhengzhou Coal Mining Machinery Group's Earnings Growth And 13% ROE
To start with, Zhengzhou Coal Mining Machinery Group's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 8.2%. This probably laid the ground for Zhengzhou Coal Mining Machinery Group's significant 35% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
Next, on comparing with the industry net income growth, we found that Zhengzhou Coal Mining Machinery Group's growth is quite high when compared to the industry average growth of 14% in the same period, which is great to see.
SHSE:601717 Past Earnings Growth August 22nd 2022Earnings growth is an important metric to consider when valuing a stock. 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. What is 601717 worth today? The intrinsic value infographic in our free research report helps visualize whether 601717 is currently mispriced by the market.
Is Zhengzhou Coal Mining Machinery Group Efficiently Re-investing Its Profits?
Zhengzhou Coal Mining Machinery Group's three-year median payout ratio is a pretty moderate 27%, meaning the company retains 73% of its income. So it seems that Zhengzhou Coal Mining Machinery Group is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Additionally, Zhengzhou Coal Mining Machinery Group has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders.
Conclusion
On the whole, we feel that Zhengzhou Coal Mining Machinery Group's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. 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.
鄭州煤機集團(上海證券交易所股票代碼:601717)的股票在過去三個月裏大幅上漲了25%。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,本文以鄭州煤機集團的淨資產收益率為研究對象。
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。換句話説,它揭示了該公司成功地將股東投資轉化為利潤。
請看我們對鄭州煤機集團的最新分析
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,根據上述公式,鄭州煤機集團的淨資產收益率為:
13%=22億元×160億元(以截至2022年3月的12個月為基礎)。
“報税表”是過去12個月的税後收入。這意味着,每增加價值1元的股東權益,公司就會產生0.13元的利潤。
淨資產收益率與盈利增長有什麼關係?
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。
鄭州煤機集團盈利增長與13%淨資產收益率的並列比較
首先,鄭州煤機集團的淨資產收益率看起來可以接受。此外,該公司的淨資產收益率(ROE)與行業平均水平8.2%相比相當有利。這可能為鄭州煤機集團過去五年淨利潤大幅增長35%奠定了基礎。我們認為,可能還有其他因素在起作用。例如,公司管理層可能做出了一些良好的戰略決策,或者公司的派息率較低。
接下來,通過與行業淨收入增長的對比,我們發現鄭州煤機集團的增長與同期14%的行業平均增長相比是相當高的,這是令人欣喜的。
上證所:過去601717的收益增長2022年8月22日盈利增長是評估一隻股票時需要考慮的一個重要指標。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。今天601717的價值是多少?我們免費研究報告中的內在價值信息圖有助於直觀地瞭解601717目前是否被市場錯誤定價。
鄭州煤機集團是否有效地將利潤進行了再投資?
鄭州煤機集團的三年派息率中值為27%,相當適中,這意味着該公司保留了73%的收入。因此,鄭州煤機集團似乎正在以一種高效的方式進行再投資,它看到了令人印象深刻的收益增長(如上所述),並支付了豐厚的股息。
此外,鄭州煤機集團在九年的時間裏一直在分紅,這意味着公司對與股東分享利潤是相當認真的。
結論
總體來説,我們覺得鄭州煤機集團的業績相當不錯。具體地説,我們喜歡該公司將一大筆利潤以高回報率進行再投資。當然,這導致該公司的收益出現了大幅增長。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。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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