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Lucky Harvest Co., Ltd.'s (SZSE:002965) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Lucky Harvest Co., Ltd.'s (SZSE:002965) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Lucky Harvest 有限公司。”s (SZSE: 002965) 基本面看起来相当强劲:市场对这只股票的看法会错吗?
Simply Wall St ·  02/10 21:47

Lucky Harvest (SZSE:002965) has had a rough three months with its share price down 32%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Lucky Harvest's ROE today.

Lucky Harvest(深圳证券交易所:002965)经历了艰难的三个月,其股价下跌了32%。但是,仔细观察其良好的财务状况可能会让你重新考虑。鉴于基本面通常会推动长期市场业绩,该公司值得关注。特别是,我们今天将关注Lucky Harvest的投资回报率。

ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

ROE或股本回报率是评估公司如何有效地从股东那里获得的投资中获得回报的有用工具。简而言之,它用于评估公司相对于其股权资本的盈利能力。

How Is ROE Calculated?

ROE 是如何计算的?

The formula for return on equity is:

股本回报率的公式是:

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

股本回报率 = 净利润(来自持续经营业务)÷ 股东权益

So, based on the above formula, the ROE for Lucky Harvest is:

因此,根据上述公式,Lucky Harvest的投资回报率为:

12% = CN¥367m ÷ CN¥2.9b (Based on the trailing twelve months to September 2023).

12% = 3.67亿元人民币 ÷ 29亿元人民币(基于截至2023年9月的过去十二个月)。

The 'return' is the yearly profit. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.12 in profit.

“回报” 是每年的利润。将其概念化的一种方法是,公司每拥有1元人民币的股东资本,公司就会获得0.12元人民币的利润。

Why Is ROE Important For Earnings Growth?

为什么投资回报率对收益增长很重要?

So far, we've learned that ROE is a measure of a company's profitability. 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 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.

到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。根据公司选择将多少利润进行再投资或 “保留”,我们便能够评估公司未来创造利润的能力。假设其他条件都一样,与功能不相同的公司相比,具有更高股本回报率和更高利润保留率的公司通常具有更高的增长率。

Lucky Harvest's Earnings Growth And 12% ROE

Lucky Harvest 的收益增长和 12% 的投资

To start with, Lucky Harvest's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 7.6%. This certainly adds some context to Lucky Harvest's decent 18% net income growth seen over the past five years.

首先,Lucky Harvest的投资回报率似乎可以接受。此外,该公司的投资回报率与行业平均水平的7.6%相比相当不错。这无疑为Lucky Harvest在过去五年中实现了18%的可观净收入增长增添了一些背景信息。

As a next step, we compared Lucky Harvest's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 12%.

下一步,我们将Lucky Harvest的净收入增长与该行业进行了比较,令人高兴的是,我们发现该公司的增长高于12%的行业平均增长。

past-earnings-growth
SZSE:002965 Past Earnings Growth February 11th 2024
SZSE: 002965 过去的收益增长 2024 年 2 月 11 日

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. If you're wondering about Lucky Harvest's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

收益增长是股票估值的重要因素。无论如何,投资者应设法确定预期的收益增长或下降是否已计入其中。通过这样做,他们将知道股票是走向清澈的蓝色海水还是沼泽水域在等着呢。如果你想知道Lucky Harvest的估值,可以看看这个衡量其市盈率与行业相比的指标。

Is Lucky Harvest Efficiently Re-investing Its Profits?

Lucky Harvest 是否有效地将其利润再投资?

With a three-year median payout ratio of 29% (implying that the company retains 71% of its profits), it seems that Lucky Harvest is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.

Lucky Harvest的三年派息率中位数为29%(这意味着该公司保留了71%的利润),看来Lucky Harvest正在进行有效的再投资,其收益将实现可观的增长,并支付可观的股息。

Additionally, Lucky Harvest has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders.

此外,Lucky Harvest已在四年内派发了股息,这意味着该公司非常认真地与股东分享利润。

Summary

摘要

On the whole, we feel that Lucky Harvest's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

总的来说,我们觉得Lucky Harvest的表现相当不错。特别是,我们喜欢该公司对其业务进行大量再投资,而且回报率很高。毫不奇怪,这带来了令人印象深刻的收益增长。话虽如此,最新的行业分析师预测显示,该公司的收益有望加速。要详细了解分析师对公司的最新预测,请查看该公司的分析师预测的可视化。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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