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Declining Stock and Decent Financials: Is The Market Wrong About Anhui Truchum Advanced Materials and Technology Co., Ltd. (SZSE:002171)?
Declining Stock and Decent Financials: Is The Market Wrong About Anhui Truchum Advanced Materials and Technology Co., Ltd. (SZSE:002171)?
With its stock down 10% over the past week, it is easy to disregard Anhui Truchum Advanced Materials and Technology (SZSE:002171). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Anhui Truchum Advanced Materials and Technology's ROE.
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. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
View our latest analysis for Anhui Truchum Advanced Materials and Technology
How Do You Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Anhui Truchum Advanced Materials and Technology is:
9.4% = CN¥633m ÷ CN¥6.8b (Based on the trailing twelve months to June 2022).
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.09 in profit.
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. 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.
A Side By Side comparison of Anhui Truchum Advanced Materials and Technology's Earnings Growth And 9.4% ROE
When you first look at it, Anhui Truchum Advanced Materials and Technology's ROE doesn't look that attractive. However, given that the company's ROE is similar to the average industry ROE of 8.9%, we may spare it some thought. On the other hand, Anhui Truchum Advanced Materials and Technology reported a moderate 9.4% net income growth over the past five years. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. For instance, the company has a low payout ratio or is being managed efficiently.
Next, on comparing with the industry net income growth, we found that Anhui Truchum Advanced Materials and Technology's reported growth was lower than the industry growth of 18% in the same period, which is not something we like to see.
SZSE:002171 Past Earnings Growth September 29th 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. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Anhui Truchum Advanced Materials and Technology's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
Is Anhui Truchum Advanced Materials and Technology Making Efficient Use Of Its Profits?
Anhui Truchum Advanced Materials and Technology has a healthy combination of a moderate three-year median payout ratio of 45% (or a retention ratio of 55%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
Additionally, Anhui Truchum Advanced Materials and Technology has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
Summary
On the whole, we do feel that Anhui Truchum Advanced Materials and Technology has some positive attributes. Namely, its respectable earnings growth, which it achieved due to it retaining most of its profits. However, given the low ROE, investors may not be benefitting from all that reinvestment after all. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 3 risks we have identified for Anhui Truchum Advanced Materials and Technology by visiting our risks dashboard for free on our platform here.
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.
在過去一週股價下跌10%的情況下,人們很容易忽視安徽楚楚先進材料和技術公司(SZSE:002171)。然而,該公司的基本面看起來相當不錯,長期財務狀況通常與未來的市場價格走勢保持一致。在本文中,我們決定將重點放在安徽Truchum先進材料和技術的淨資產收益率上。
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,這是一個衡量公司股東提供的資本回報率的盈利比率。
查看我們對安徽Truchum先進材料和技術的最新分析
你如何計算股本回報率?
這個股本回報率公式是:
股本回報率=(持續經營的)淨利潤?股東權益
因此,根據上面的公式,安徽Truchum先進材料和技術的ROE為:
9.4%=CN元6.33億×CN元68億元(基於截至2022年6月的12個月)。
“報税表”是過去12個月的税後收入。另一種説法是,公司每持有價值1元的股權,就能賺取0.09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。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。
安徽Truchum先進材料技術公司盈利增長與淨資產收益率9.4%的並列比較
乍一看,安徽特魯徹姆先進材料科技的ROE看起來並沒有那麼誘人。然而,鑑於該公司的淨資產收益率(ROE)與8.9%的行業平均ROE相似,我們或許可以省去一些思考。另一方面,安徽Truchum先進材料技術公司報告稱,過去五年淨收入温和增長9.4%。鑑於淨資產收益率略低,很可能還有其他一些方面在推動這一增長。例如,該公司的派息率較低或管理效率較高。
接下來,對比行業淨收入增長,我們發現安徽楚楚先進材料科技的報告增長低於同期行業18%的增長,這是我們不願意看到的。
深圳證交所:2022年9月29日收益增長002171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。這樣做將有助於他們確定該股的未來看起來是光明的還是不祥的。如果你想知道安徽特魯徹姆先進材料和技術公司的估值,看看它的市盈率指標,與其行業相比。
安徽特魯奇先進材料和技術公司是否高效利用其利潤?
安徽Truchum先進材料和技術擁有一個健康的組合,適度的三年中值派息率為45%(或留存率為55%),以及如上所述的可觀的收益增長,這意味着該公司一直在有效地利用其利潤。
此外,安徽特魯奇姆先進材料技術公司至少在十年的時間裏分紅,這意味着公司對與股東分享利潤是相當認真的。
摘要
總體而言,我們確實感覺到安徽Truchum先進材料技術具有一些積極的屬性。即其可觀的收益增長,這要歸功於它保留了大部分利潤。然而,鑑於淨資產收益率較低,投資者可能終究不會從所有這些再投資中受益。雖然我們不會完全解僱這家公司,但我們要做的是努力確定這項業務在公司周圍做出更明智的決定的風險有多大。您可以通過訪問我們的網站查看我們為安徽Truchum先進材料和技術確定的3個風險風險控制面板在我們的平臺上是免費的。
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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