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CETC Digital Technology Co.,Ltd.'s (SHSE:600850) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

CETC Digital Technology Co.,Ltd.'s (SHSE:600850) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

中電科數碼科技股份有限公司,Ltd. 's(SHSE: 600850)基本面看起來相當強勁:市場對股票的看法會錯嗎?
Simply Wall St ·  2023/12/06 01:23

CETC Digital TechnologyLtd (SHSE:600850) has had a rough month with its share price down 4.0%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to CETC Digital TechnologyLtd's ROE today.

CETC Digital TechnologyLtd(上海證券交易所代碼:600850)經歷了艱難的一個月,其股價下跌了4.0%。但是,如果你密切關注,你可能會發現,鑑於市場通常會獎勵財務狀況良好的公司,其強勁的財務狀況可能意味着該股的長期價值有可能增加。特別是,我們今天將關注CETC Digital TechnologyLtd的投資回報率。

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. Put another way, it reveals the company's success at turning shareholder investments into profits.

投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。換句話說,它揭示了公司成功地將股東投資轉化爲利潤。

View our latest analysis for CETC Digital TechnologyLtd

查看我們對 CETC 數字技術有限公司的最新分析

How To Calculate Return On Equity?

如何計算股本回報率?

The formula for ROE is:

ROE 的公式是:

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 CETC Digital TechnologyLtd is:

因此,根據上述公式,CETC Digital TechnologyLtd的投資回報率爲:

12% = CN¥532m ÷ CN¥4.4b (Based on the trailing twelve months to September 2023).

12% = 5.32億元人民幣 ¥44億元人民幣(基於截至2023年9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¥0.12 in profit.

“回報” 是每年的利潤。這意味着,公司每獲得價值1元人民幣的股東權益,就會產生0.12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?

So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. 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.

到目前爲止,我們已經了解到,投資回報率是衡量公司盈利能力的指標。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。假設其他條件都一樣,與功能不相同的公司相比,具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。

CETC Digital TechnologyLtd's Earnings Growth And 12% ROE

CETC數字技術有限公司的收益增長和12%的投資回報率

To begin with, CETC Digital TechnologyLtd seems to have a respectable ROE. Especially when compared to the industry average of 5.8% the company's ROE looks pretty impressive. Probably as a result of this, CETC Digital TechnologyLtd was able to see a decent growth of 12% over the last five years.

首先,CETC Digital TechnologyLtd似乎擁有可觀的投資回報率。尤其是與5.8%的行業平均水平相比,該公司的投資回報率看起來相當令人印象深刻。可能正因爲如此,CETC Digital TechnologyLtd在過去五年中實現了12%的可觀增長。

Next, on comparing with the industry net income growth, we found that CETC Digital TechnologyLtd's growth is quite high when compared to the industry average growth of 7.0% in the same period, which is great to see.

接下來,與行業淨收入增長相比,我們發現CETC Digital TechnologyLtd的增長相當高,而同期的行業平均增長率爲7.0%,這很高興看到。

past-earnings-growth
SHSE:600850 Past Earnings Growth December 6th 2023
上海證券交易所:600850 過去的收益增長 2023 年 12 月 6 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. Doing so will help them establish if the stock's future looks promising or ominous. Is 600850 fairly valued? This infographic on the company's intrinsic value has everything you need to know.

收益增長是股票估值的重要因素。投資者應努力確定預期的收益增長或下降,無論情況如何,是否已被考慮在內。這樣做將幫助他們確定股票的未來是光明還是不祥。600850 的估值是否公平?這張關於公司內在價值的信息圖包含了你需要知道的一切。

Is CETC Digital TechnologyLtd Using Its Retained Earnings Effectively?

中電科數字技術有限公司是否在有效使用其留存收益?

With a three-year median payout ratio of 39% (implying that the company retains 61% of its profits), it seems that CETC Digital TechnologyLtd is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.

CETC Digital TechnologyLtd的三年中位數支付率爲39%(這意味着該公司保留了61%的利潤),因此似乎正在進行高效的再投資,其收益可以實現可觀的增長,並支付可觀的股息。

Besides, CETC Digital TechnologyLtd has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.

此外,CETC Digital TechnologyLtd已經派發股息至少十年或更長時間。這表明該公司致力於與股東分享利潤。

Summary

摘要

Overall, we are quite pleased with CETC Digital TechnologyLtd's performance. 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 latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

總體而言,我們對CETC Digital TechnologyLtd的表現感到非常滿意。具體而言,我們喜歡該公司以高回報率將其利潤的很大一部分再投資。當然,這使該公司的收益大幅增長。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。要了解有關分析師對公司的最新預測的更多信息,請查看分析師對公司的預測的可視化。

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.

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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。

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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