Giantec Semiconductor Corporation's (SHSE:688123) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Giantec Semiconductor Corporation's (SHSE:688123) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Giantec Semiconductor's (SHSE:688123) stock is up by a considerable 15% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Giantec Semiconductor's ROE today.
Giantec Semiconductor(上海證券交易所代碼:688123)的股票在過去一個月中上漲了15%。鑑於股票價格通常與公司的長期財務表現一致,我們決定更仔細地研究其財務指標,看看它們在近期的價格走勢中是否有機會發揮作用。特別是,我們今天將關注巨人半導體的投資回報率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. 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用於評估公司管理層利用公司資本效率的關鍵指標。簡而言之,它衡量公司相對於股東權益的盈利能力。
How To Calculate Return On Equity?
如何計算股本回報率?
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算:
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 Giantec Semiconductor is:
因此,根據上述公式,Giantec Semiconductor的投資回報率爲:
5.2% = CN¥99m ÷ CN¥1.9b (Based on the trailing twelve months to December 2023).
5.2% = 9900萬元人民幣 ÷ 19億元人民幣(基於截至2023年12月的過去十二個月)。
The 'return' is the yearly profit. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.05 in profit.
“回報” 是每年的利潤。這意味着,每持有價值1元人民幣的股權,公司就會產生0.05元人民幣的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.
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。現在,我們需要評估公司再投資或 “保留” 了多少利潤以用於未來的增長,從而使我們對公司的增長潛力有所了解。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
Giantec Semiconductor's Earnings Growth And 5.2% ROE
Giantec 半導體的收益增長和 5.2% 的投資回報率
On the face of it, Giantec Semiconductor's ROE is not much to talk about. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.2%. Moreover, we are quite pleased to see that Giantec Semiconductor's net income grew significantly at a rate of 22% over the last five years. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. 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.
從表面上看,Giantec Semiconductor的投資回報率沒什麼好談的。然而,一項更仔細的研究表明,該公司的投資回報率與6.2%的行業平均水平相似。此外,我們非常高興地看到,Giantec Semiconductor的淨收入在過去五年中以22%的速度大幅增長。考慮到投資回報率適中,很可能還有其他一些方面對公司的收益增長產生積極影響。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。
Next, on comparing Giantec Semiconductor's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 26% over the last few years.
接下來,在將Giantec Semiconductor的淨收入增長與該行業的淨收入增長進行比較時,我們發現該公司報告的增長與過去幾年26%的行業平均增長率相似。
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. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Giantec Semiconductor fairly valued compared to other companies? These 3 valuation measures might help you decide.
收益增長是股票估值的重要因素。無論如何,投資者應設法確定預期的收益增長或下降是否已計入其中。通過這樣做,他們將知道股票是走向清澈的藍色海水還是沼澤水域在等着呢。與其他公司相比,Giantec 半導體的估值是否合理?這3種估值指標可能會幫助您做出決定。
Is Giantec Semiconductor Making Efficient Use Of Its Profits?
巨人半導體能否有效利用其利潤?
The three-year median payout ratio for Giantec Semiconductor is 30%, which is moderately low. The company is retaining the remaining 70%. This suggests that its dividend is well covered, and given the high growth we discussed above, it looks like Giantec Semiconductor is reinvesting its earnings efficiently.
巨人半導體的三年中位數支付率爲30%,略低。該公司保留了剩餘的70%。這表明其股息已得到充分保障,鑑於我們上面討論的高增長,巨人半導體似乎正在有效地對其收益進行再投資。
Besides, Giantec Semiconductor has been paying dividends over a period of four years. This shows that the company is committed to sharing profits with its shareholders.
此外,Giantec 半導體已經在四年內派發了股息。這表明該公司致力於與股東分享利潤。
Summary
摘要
Overall, we feel that Giantec Semiconductor certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. 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,我們認爲 Giantec 半導體確實有一些積極因素需要考慮。儘管回報率很低,但由於對業務進行了大量再投資,該公司的收益增長令人印象深刻。話雖如此,從分析師目前的估計來看,我們發現該公司的收益有望增強。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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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。