Could The Market Be Wrong About Eastroc Beverage (Group) Co.,Ltd. (SHSE:605499) Given Its Attractive Financial Prospects?
Could The Market Be Wrong About Eastroc Beverage (Group) Co.,Ltd. (SHSE:605499) Given Its Attractive Financial Prospects?
With its stock down 6.7% over the past month, it is easy to disregard Eastroc Beverage (Group)Ltd (SHSE:605499). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Eastroc Beverage (Group)Ltd's ROE in this article.
Eastroc飲料（集團）有限公司（上海證券交易所股票代碼：605499）的股票在過去一個月中下跌了6.7％，很容易被忽視。但是，股票價格通常由公司的長期財務業績驅動，在這種情況下，這看起來很有希望。具體而言，我們決定在本文中研究Eastroc飲料（集團）有限公司的投資回報率。
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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
ROE或股本回報率是評估公司如何有效地從股東那裏獲得的投資回報的有用工具。簡而言之，它衡量公司相對於股東權益的盈利能力。
See our latest analysis for Eastroc Beverage (Group)Ltd
查看我們對Eastroc Beverage（集團）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:
投資回報率的公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤（來自持續經營）÷ 股東權益
So, based on the above formula, the ROE for Eastroc Beverage (Group)Ltd is:
因此，根據上述公式，Eastroc飲料（集團）有限公司的投資回報率爲：
32% = CN¥1.9b ÷ CN¥6.0b (Based on the trailing twelve months to September 2023).
32% = 19億元人民幣 ÷ 60億元人民幣（基於截至2023年9月的過去十二個月）。
The 'return' is the amount earned after tax over the last twelve months. That means that for every CN¥1 worth of shareholders' equity, the company generated CN¥0.32 in profit.
“回報” 是過去十二個月的稅後收入。這意味着，每獲得價值1元人民幣的股東權益，該公司就會產生0.32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？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前爲止，我們已經了解到，ROE衡量的是公司創造利潤的效率。我們現在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，這樣我們就可以了解公司的增長潛力。假設其他一切都保持不變，那麼與不一定具有這些特徵的公司相比，投資回報率和利潤保留率越高，公司的增長率就越高。
Eastroc Beverage (Group)Ltd's Earnings Growth And 32% ROE
Eastroc飲料（集團）有限公司的收益增長和32％的投資回報率
To begin with, Eastroc Beverage (Group)Ltd has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 13% the company's ROE is quite impressive. As a result, Eastroc Beverage (Group)Ltd's exceptional 28% net income growth seen over the past five years, doesn't come as a surprise.
首先，Eastroc飲料（集團）有限公司的投資回報率相當高，這很有趣。其次，即使與行業平均水平的13％相比，該公司的投資回報率也相當可觀。因此，Eastroc飲料（集團）有限公司在過去五年中實現了28％的驚人淨收入增長並不令人意外。
We then compared Eastroc Beverage (Group)Ltd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 17% in the same 5-year period.
然後，我們將Eastroc Beverage（集團）有限公司的淨收入增長與該行業進行了比較，我們很高興地看到，與同期5年同期增長率爲17％的行業相比，該公司的增長數字更高。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. What is 605499 worth today? The intrinsic value infographic in our free research report helps visualize whether 605499 is currently mispriced by the market.
收益增長是股票估值的重要因素。對於投資者來說，重要的是要知道市場是否對公司的預期收益增長（或下降）進行了定價。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。今天的605499值多少錢？我們的免費研究報告中的內在價值信息圖有助於可視化605499目前是否被市場錯誤定價。
Is Eastroc Beverage (Group)Ltd Using Its Retained Earnings Effectively?
Eastroc Beverage（集團）有限公司是否在有效使用其留存收益？
The three-year median payout ratio for Eastroc Beverage (Group)Ltd is 49%, which is moderately low. The company is retaining the remaining 51%. So it seems that Eastroc Beverage (Group)Ltd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
Eastroc飲料（集團）有限公司的三年派息率中位數爲49％，略低。該公司保留了剩餘的51％。因此，看來Eastroc Beverage（集團）有限公司正在進行有效的再投資，其收益增長令人印象深刻（如上所述），並支付的股息覆蓋範圍廣。
Along with seeing a growth in earnings, Eastroc Beverage (Group)Ltd only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 53%. Accordingly, forecasts suggest that Eastroc Beverage (Group)Ltd's future ROE will be 33% which is again, similar to the current ROE.
除了收益增長外，Eastroc飲料（集團）有限公司直到最近才開始派發股息。該公司很可能想給股東留下深刻的印象。我們的最新分析師數據顯示，公司未來三年的派息率預計約爲53％。因此，預測表明，Eastroc飲料（集團）有限公司未來的投資回報率將爲33％，與目前的投資回報率相似。
Summary
摘要
On the whole, we feel that Eastroc Beverage (Group)Ltd'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. We also studied the latest analyst forecasts and found that the company's earnings growth is expected be similar to its current growth rate. 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，我們認爲Eastroc飲料（集團）有限公司的表現相當不錯。特別是，我們喜歡該公司對其業務進行大量再投資，而且回報率很高。毫不奇怪，這帶來了令人印象深刻的收益增長。我們還研究了最新的分析師預測，發現該公司的收益增長預計與其當前的增長率相似。要詳細了解分析師對公司的最新預測，請查看該公司的分析師預測的可視化。
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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 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論，我們的文章並非旨在提供財務建議。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，我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。