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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?

欣旺達電子有限公司嗎, Ltd (SZSE: 300207) 鑑於該股近期的疲軟,其基本面足以值得買入?
Simply Wall St ·  03/28 22:37

Sunwoda ElectronicLtd (SZSE:300207) has had a rough three months with its share price down 7.3%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to Sunwoda ElectronicLtd's ROE today.

欣旺達電子有限公司(深圳證券交易所代碼:300207)經歷了艱難的三個月,其股價下跌了7.3%。但是,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一致。特別是,我們今天將關注欣旺達電子有限公司的投資回報率。

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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.

股本回報率或投資回報率是股東需要考慮的重要因素,因爲它可以告訴他們資本再投資的有效性。簡而言之,它衡量公司相對於股東權益的盈利能力。

How Do You Calculate Return On Equity?

你如何計算股本回報率?

ROE can be calculated by using the formula:

ROE 可以通過以下公式計算:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益

So, based on the above formula, the ROE for Sunwoda ElectronicLtd is:

因此,根據上述公式,欣旺達電子有限公司的投資回報率爲:

1.7% = CN¥538m ÷ CN¥32b (Based on the trailing twelve months to September 2023).

1.7% = 5.38億元人民幣 ÷ 320億元人民幣(基於截至2023年9月的過去十二個月)。

The 'return' is the profit over the last twelve months. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.02.

“回報” 是過去十二個月的利潤。因此,這意味着該公司每投資1元人民幣,就會產生0.02元人民幣的利潤。

Why Is ROE Important For Earnings Growth?

爲什麼投資回報率對收益增長很重要?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.

我們已經確定,投資回報率是衡量公司未來收益的有效盈利指標。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。

Sunwoda ElectronicLtd's Earnings Growth And 1.7% ROE

欣旺達電子有限公司的收益增長和1.7%的投資回報率

As you can see, Sunwoda ElectronicLtd's ROE looks pretty weak. Even when compared to the industry average of 7.2%, the ROE figure is pretty disappointing. Sunwoda ElectronicLtd was still able to see a decent net income growth of 10% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. 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,欣旺達電子有限公司的投資回報率看起來相當疲軟。即使與7.2%的行業平均水平相比,投資回報率的數字也相當令人失望。在過去五年中,欣旺達電子有限公司仍然能夠實現10%的不錯的淨收入增長。因此,收益的增長可能是由其他變量造成的。例如,公司的管理層可能做出了一些良好的戰略決策,或者公司的派息率很低。

As a next step, we compared Sunwoda ElectronicLtd's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 14% in the same period.

下一步,我們將欣旺達電子有限公司的淨收入增長與該行業進行了比較,並失望地看到該公司的增長低於同期14%的行業平均增長。

past-earnings-growth
SZSE:300207 Past Earnings Growth March 29th 2024
SZSE: 300207 過去的收益增長 2024 年 3 月 29 日

Earnings growth is a huge factor in stock valuation. 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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Sunwoda ElectronicLtd is trading on a high P/E or a low P/E, relative to its industry.

收益增長是股票估值的重要因素。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。衡量預期收益增長的一個很好的指標是市盈率,它根據收益前景決定了市場願意爲股票支付的價格。因此,您可能需要檢查欣旺達電子有限公司相對於其行業是高市盈率還是低市盈率。

Is Sunwoda ElectronicLtd Using Its Retained Earnings Effectively?

欣旺達電子有限公司是否有效使用其留存收益?

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.

欣旺達電子有限公司的三年派息率中位數很低,爲13%,這意味着該公司保留了剩餘的87%的利潤。這表明管理層正在將大部分利潤再投資以發展業務。

Moreover, Sunwoda ElectronicLtd is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 16% over the next three years. However, Sunwoda ElectronicLtd's future ROE is expected to rise to 7.4% despite the expected increase in the company's payout ratio. We infer that there could be other factors that could be driving the anticipated growth in the company's ROE.

此外,欣旺達電子有限公司決心繼續與股東分享利潤,這是我們從其支付股息至少十年的長期歷史中推斷出來的。我們最新的分析師數據顯示,該公司的未來派息率預計將在未來三年內上升至16%。但是,儘管欣旺達電子有限公司的派息率預計將增加,但其未來的投資回報率預計將升至7.4%。我們推斷,可能還有其他因素可以推動公司投資回報率的預期增長。

Conclusion

結論

In total, it does look like Sunwoda ElectronicLtd has some positive aspects to its business. Specifically, its fairly high earnings growth number, which no doubt was backed by the company's high earnings retention. Still, the low ROE means that all that reinvestment is not reaping a lot of benefit to the investors. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. 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.

總的來說,欣旺達電子有限公司的業務看起來確實有一些積極的方面。具體而言,其相當高的收益增長數字,這無疑得到了該公司高收益保留率的支持。儘管如此,低投資回報率意味着所有這些再投資並沒有給投資者帶來很多好處。既然如此,分析師的最新預測顯示,該公司的收益將繼續增長。要了解有關公司未來收益增長預測的更多信息,請查看這份關於分析師預測的免費報告,以了解更多信息。

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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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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