Is Lucky Harvest Co., Ltd.'s (SZSE:002965) Latest Stock Performance A Reflection Of Its Financial Health?
Is Lucky Harvest Co., Ltd.'s (SZSE:002965) Latest Stock Performance A Reflection Of Its Financial Health?
Lucky Harvest (SZSE:002965) has had a great run on the share market with its stock up by a significant 13% over the last week. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Lucky Harvest's ROE in this article.
瑞幸嘉实(深圳证券交易所股票代码：002965)的股票在过去一周大幅上涨了13%。鉴于该公司令人印象深刻的业绩，我们决定更仔细地研究其财务指标，因为公司的长期财务健康状况通常决定着市场结果。具体地说，我们决定在本文中研究幸运收获的净资产收益率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回报率(ROE)是对一家公司增值和管理投资者资金的效率的测试。简而言之，它衡量的是一家公司相对于股东权益的盈利能力。
View our latest analysis for Lucky Harvest
查看我们对幸运收获的最新分析
How Is ROE Calculated?
净资产收益率是如何计算的？
The formula for return on equity is:
这个股本回报率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Lucky Harvest is:
因此，根据上面的公式，幸运收获的净资产收益率为：
12% = CN¥367m ÷ CN¥2.9b (Based on the trailing twelve months to September 2023).
12%=3.67亿元×29亿元(基于截至2023年9月的12个月)。
The 'return' is the yearly profit. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.12 in profit.
“回报”就是年度利润。这意味着，每增加价值1元的股东权益，公司就会产生0.12元的利润。
What Has ROE Got To Do With Earnings Growth?
净资产收益率与盈利增长有什么关系？
So far, we've learned that ROE is a measure of a company's profitability. 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.
到目前为止，我们了解到净资产收益率是衡量一家公司盈利能力的指标。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。一般来说，在其他条件相同的情况下，股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
Lucky Harvest's Earnings Growth And 12% ROE
幸运收获的收益增长和12%的净资产收益率
To start with, Lucky Harvest's ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 7.7%. This certainly adds some context to Lucky Harvest's decent 18% net income growth seen over the past five years.
首先，幸运收获的净资产收益率看起来可以接受。此外，该公司的净资产收益率(ROE)与7.7%的行业平均水平相比相当有利。这无疑为过去五年幸运收获公司18%的净利润增长增添了一些背景。
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%.
作为下一步，我们将瑞幸收获的净收入增长与行业进行了比较，令人欣喜的是，我们发现该公司看到的增长高于行业平均12%的增长。
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is Lucky Harvest fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是评估一只股票时需要考虑的一个重要指标。对于投资者来说，重要的是知道市场是否已经消化了公司预期的收益增长(或下降)。这有助于他们确定这只股票是为光明还是黯淡的未来做准备。与其他公司相比，瑞幸收获的估值是否公平？这3个估值指标可能会帮助你做出决定。
Is Lucky Harvest Efficiently Re-investing Its Profits?
幸运收获是否有效地对其利润进行了再投资？
Lucky Harvest has a healthy combination of a moderate three-year median payout ratio of 29% (or a retention ratio of 71%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
如上所述，幸运收获拥有29%的适度三年中值派息率(或71%的留存率)和可观的收益增长的健康组合，这意味着该公司一直在有效地利用其利润。
Moreover, Lucky Harvest is determined to keep sharing its profits with shareholders which we infer from its long history of four years of paying a dividend.
此外，幸运收获决心继续与股东分享其利润，这是我们从其支付股息的悠久历史中推断出来的。
Conclusion
结论
On the whole, we feel that Lucky Harvest's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial 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.
总体而言，我们觉得幸运收获的表现相当不错。具体地说，我们喜欢该公司将一大笔利润以高回报率进行再投资。当然，这导致该公司的收益出现了大幅增长。话虽如此，但从目前分析师的预估来看，我们发现该公司的盈利势头有望增强。要了解更多有关该公司未来收益增长预测的信息，请查看以下内容免费报告分析师对该公司的预测，以了解更多信息。
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.
对这篇文章有什么反馈吗？担心内容吗？ 保持联系直接与我们联系。或者，也可以给编辑组发电子邮件，地址是implywallst.com。
本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。