Are Robust Financials Driving The Recent Rally In Motic (Xiamen) Electric Group Co.,Ltd's (SZSE:300341) Stock?
Are Robust Financials Driving The Recent Rally In Motic (Xiamen) Electric Group Co.,Ltd's (SZSE:300341) Stock?
Most readers would already be aware that Motic (Xiamen) Electric GroupLtd's (SZSE:300341) stock increased significantly by 31% over the past three months. 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. Particularly, we will be paying attention to Motic (Xiamen) Electric GroupLtd's ROE today.
大多数读者已经意识到，Motic（厦门）电气集团有限公司（深交所代码：300341）的股票在过去三个月中大幅上涨了31％。鉴于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状况通常决定市场结果。特别是，我们今天将关注Motic（厦门）电气集团有限公司的投资回报率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率或投资回报率是对公司增值和管理投资者资金的有效性的考验。简而言之，投资回报率显示了每美元从其股东投资中产生的利润。
Check out our latest analysis for Motic (Xiamen) Electric GroupLtd
查看我们对Motic（厦门）电气集团有限公司的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率？
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 Motic (Xiamen) Electric GroupLtd is:
因此，根据上述公式，Motic（厦门）电气集团有限公司的投资回报率为：
11% = CN¥205m ÷ CN¥1.8b (Based on the trailing twelve months to September 2023).
11% = 2.05亿元人民币 ¥18亿元人民币（基于截至2023年9月的过去十二个月）。
The 'return' is the profit over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.11 in profit.
“回报” 是过去十二个月的利润。这意味着，每持有价值1元人民币的股权，公司就会产生0.11元人民币的利润。
What Has ROE Got To Do With Earnings Growth?
投资回报率与收益增长有什么关系？
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. 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.
我们已经确定，投资回报率是衡量公司未来收益的有效盈利指标。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。一般而言，在其他条件相同的情况下，股本回报率和利润留存率高的公司的增长率要高于不具有这些属性的公司。
Motic (Xiamen) Electric GroupLtd's Earnings Growth And 11% ROE
Motic（厦门）电气集团有限公司的收益增长和11％的投资回报率
At first glance, Motic (Xiamen) Electric GroupLtd seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 7.2%. Probably as a result of this, Motic (Xiamen) Electric GroupLtd was able to see a decent growth of 12% over the last five years.
乍一看，Motic（厦门）电气集团有限公司的投资回报率似乎不错。此外，该公司的投资回报率与行业平均水平的7.2％相比相当不错。可能正因为如此，Motic（厦门）电气集团有限公司在过去五年中实现了12％的可观增长。
As a next step, we compared Motic (Xiamen) Electric GroupLtd's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 14% in the same period.
下一步，我们将Motic（厦门）电气集团有限公司的净收入增长与行业进行了比较，发现与同期行业平均增长率14％相比，该公司的增长数字相似。
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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. 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 Motic (Xiamen) Electric GroupLtd is trading on a high P/E or a low P/E, relative to its industry.
赋予公司价值的基础在很大程度上与其收益增长息息相关。对于投资者来说，重要的是要知道市场是否影响了公司的预期收益增长（或下降）。然后，这可以帮助他们确定股票是面向光明还是黯淡的未来。衡量预期收益增长的一个很好的指标是市盈率，它根据收益前景决定了市场愿意为股票支付的价格。因此，您可能需要检查Motic（厦门）电气集团有限公司相对于其行业而言是高市盈率还是低市盈率。
Is Motic (Xiamen) Electric GroupLtd Using Its Retained Earnings Effectively?
Motic（厦门）电气集团有限公司是否有效使用其留存收益？
In Motic (Xiamen) Electric GroupLtd's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 19% (or a retention ratio of 81%), which suggests that the company is investing most of its profits to grow its business.
就Motic（厦门）电气集团有限公司而言，其可观的收益增长可能是由于其三年期中位数支付率较低，为19％（或留存率为81％），这表明该公司正在将大部分利润投资于发展业务。
Additionally, Motic (Xiamen) Electric GroupLtd has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
此外，Motic（厦门）电气集团有限公司已在至少十年的时间内派发了股息，这意味着该公司非常认真地与股东分享利润。
Conclusion
结论
On the whole, we feel that Motic (Xiamen) Electric GroupLtd's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Remember, the price of a stock is also dependent on the perceived risk. Therefore investors must keep themselves informed about the risks involved before investing in any company. To know the 2 risks we have identified for Motic (Xiamen) Electric GroupLtd visit our risks dashboard for free.
总体而言，我们认为Motic（厦门）电气集团有限公司的表现相当不错。特别是，很高兴看到该公司正在对其业务进行大量投资，再加上高回报率，这使其收益大幅增长。考虑到每股收益如何影响长期股价，如果该公司继续照原样增长收益，这可能会对其股价产生积极影响。请记住，股票的价格还取决于感知的风险。因此，投资者在投资任何公司之前必须随时了解所涉及的风险。要了解我们为Motic（厦门）电气集团有限公司确定的两大风险，请免费访问我们的风险仪表板。
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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。