Are Sunwoda Electronic Co.,Ltd's (SZSE:300207) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are Sunwoda Electronic Co.,Ltd's (SZSE:300207) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Sunwoda ElectronicLtd (SZSE:300207) has had a rough three months with its share price down 6.6%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Sunwoda ElectronicLtd's ROE in this article.
森沃達電子股份有限公司(SZSE：300207)經歷了艱難的三個月，其股價下跌了6.6%。然而，股價通常是由公司的長期財務狀況推動的，在這種情況下，財務狀況看起來相當不錯。具體地説，我們決定在本文中研究森沃達電子有限公司的淨資產收益率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率(ROE)是用來評估公司管理層利用公司資本效率的關鍵指標。簡而言之，它是用來評估一家公司相對於其權益資本的盈利能力。
View our latest analysis for Sunwoda ElectronicLtd
查看我們對森沃達電子有限公司的最新分析
How To Calculate Return On Equity?
如何計算股本回報率？
The formula for return on equity is:
這個股本回報率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率=(持續經營的)淨利潤？股東權益
So, based on the above formula, the ROE for Sunwoda ElectronicLtd is:
因此，根據上述公式，森沃達電子有限公司的淨資產收益率為：
4.6% = CN¥663m ÷ CN¥14b (Based on the trailing twelve months to September 2022).
4.6%=CN元6.63億×CN元140億(基於截至2022年9月的12個月的跟蹤數據)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.05.
“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元人民幣，公司就會產生0.05元的利潤。
What Has ROE Got To Do With Earnings Growth?
淨資產收益率與盈利增長有什麼關係？
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
我們已經證實，淨資產收益率是一家公司未來收益的有效盈利指標。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。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。
A Side By Side comparison of Sunwoda ElectronicLtd's Earnings Growth And 4.6% ROE
森沃達電子盈利增長與淨資產收益率4.6%的並列比較
As you can see, Sunwoda ElectronicLtd's ROE looks pretty weak. Even compared to the average industry ROE of 8.5%, the company's ROE is quite dismal. However, the moderate 12% net income growth seen by Sunwoda ElectronicLtd over the past five years is definitely a positive. We reckon that there could 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.
如你所見，Sunwoda ElectronicLtd.的淨資產收益率(ROE)看起來相當弱。即使與8.5%的行業平均淨資產收益率相比，該公司的淨資產收益率也相當慘淡。然而，Sunwoda ElectronicLtd在過去五年中看到的12%的淨收入温和增長肯定是積極的。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。
We then performed a comparison between Sunwoda ElectronicLtd's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 13% in the same period.
然後，我們將森沃達電子有限公司的淨收入增長與行業進行了比較，結果顯示，該公司的增長與同期行業平均13%的增長相似。
Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Sunwoda ElectronicLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的收益增長或下降是否已計入價格，無論是哪種情況。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Sunwoda ElectronicLtd.的估值，看看這個衡量其市盈率的指標，與其行業相比。
Is Sunwoda ElectronicLtd Making Efficient Use Of Its Profits?
森沃達電子有限公司是否在有效利用其利潤？
Sunwoda ElectronicLtd has a low three-year median payout ratio of 13%, meaning that the company retains the remaining 87% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
Sunwoda ElectronicLtd的三年派息率中值較低，為13%，這意味着該公司將保留剩餘87%的利潤。這表明管理層正在將大部分利潤進行再投資，以實現業務增長。
Besides, Sunwoda ElectronicLtd has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 12%. However, Sunwoda ElectronicLtd's ROE is predicted to rise to 16% despite there being no anticipated change in its payout ratio.
此外，森沃達電子有限公司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。根據最新的分析師預估，我們發現該公司未來三年的派息比率預計將穩定在12%。然而，Sunwoda ElectronicLtd的ROE預計將升至16%，儘管其派息率沒有預期的變化。
Summary
摘要
In total, it does look like Sunwoda ElectronicLtd has some positive aspects to its business. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總體而言，森沃達電子有限公司的業務確實有一些積極的方面。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，但從目前分析師的預估來看，我們發現該公司的盈利勢頭有望增強。要了解更多有關該公司未來收益增長預測的信息，請查看以下內容免費報告分析師對該公司的預測，以瞭解更多信息。
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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。