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China Oilfield Services Limited's (HKG:2883) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
China Oilfield Services Limited's (HKG:2883) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
China Oilfield Services' (HKG:2883) stock is up by a considerable 17% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on China Oilfield Services' ROE.
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.
See our latest analysis for China Oilfield Services
How Is ROE Calculated?
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 China Oilfield Services is:
1.6% = CN¥622m ÷ CN¥38b (Based on the trailing twelve months to June 2022).
The 'return' refers to a company's earnings over the last year. So, this means that for every HK$1 of its shareholder's investments, the company generates a profit of HK$0.02.
What Is The Relationship Between ROE And Earnings Growth?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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 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 China Oilfield Services' Earnings Growth And 1.6% ROE
As you can see, China Oilfield Services' ROE looks pretty weak. An industry comparison shows that the company's ROE is not much different from the industry average of 1.8% either. Looking at China Oilfield Services' exceptional 42% five-year net income growth in particular, we are definitely impressed. We reckon that there could also be other factors at play thats influencing the company's growth. For instance, the company has a low payout ratio or is being managed efficiently.
We then compared China Oilfield Services' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 8.2% in the same period.
SEHK:2883 Past Earnings Growth August 31st 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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for 2883? You can find out in our latest intrinsic value infographic research report.
Is China Oilfield Services Efficiently Re-investing Its Profits?
The three-year median payout ratio for China Oilfield Services is 30%, which is moderately low. The company is retaining the remaining 70%. So it seems that China Oilfield Services is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Besides, China Oilfield Services has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 31% of its profits over the next three years. Still, forecasts suggest that China Oilfield Services' future ROE will rise to 9.1% even though the the company's payout ratio is not expected to change by much.
Conclusion
On the whole, we do feel that China Oilfield Services has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. 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.
中海油田服務股份有限公司(HKG:2883)的股票在過去一個月大幅上漲了17%。我們想知道,由於一家公司的長期基本面通常決定着市場結果,該公司的財務狀況是否以及在價格變化中扮演了什麼角色。在本文中,我們決定將重點放在中海油田服務的淨資產收益率上。
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。
查看我們對中海油田服務的最新分析
淨資產收益率是如何計算的?
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,中海油田服務的淨資產收益率為:
1.6%=CN元6.22億×CN元380億元(基於截至2022年6月的12個月)。
“回報”指的是一家公司過去一年的收益。因此,這意味着股東每投資1港元,公司就會產生0.02港元的利潤。
淨資產收益率與盈利增長之間有什麼關係?
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。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。
中海油田服務盈利增長與1.6%淨資產收益率的並列比較
如你所見,中海油田服務的淨資產收益率(ROE)看起來相當疲軟。行業對比顯示,該公司的淨資產收益率(ROE)也與1.8%的行業平均水平相差不大。尤其是看到中海油田服務公司五年來42%的非凡淨收入增長,我們肯定印象深刻。我們認為,也可能有其他因素在起作用,影響公司的增長。例如,該公司的派息率較低或管理效率較高。
然後,我們將中海油田服務公司的淨收入增長與行業進行了比較,我們很高興地看到,與同期8.2%的行業增長率相比,該公司的增長數字更高。
聯交所:2883過去盈利增長2022年8月31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。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。市場是否已經消化了2883的未來前景?你可以在我們最新的內在價值信息圖研究報告中找到答案。
中海油田服務能否有效地對利潤進行再投資?
中海油田服務的三年中值派息率為30%,屬於中等偏低水平。該公司將保留剩餘的70%。因此,中海油田服務股份有限公司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,中海油田服務至少在十年或更長時間內一直在分紅。這表明該公司致力於與股東分享利潤。在研究了最新的分析師共識數據後,我們發現,預計該公司將在未來三年繼續支付約31%的利潤。不過,預測顯示,中海油田服務未來的淨資產收益率將升至9.1%,儘管該公司的派息率預計不會有太大變化。
結論
總體而言,我們確實感到中海油田服務有一些積極的屬性。憑藉高再投資率,儘管淨資產收益率較低,該公司的收益實現了相當大的增長。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。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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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。
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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。
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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