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Will Weakness in Oppein Home Group Inc.'s (SHSE:603833) Stock Prove Temporary Given Strong Fundamentals?

Will Weakness in Oppein Home Group Inc.'s (SHSE:603833) Stock Prove Temporary Given Strong Fundamentals?

Oppein Home Group Inc. 的弱點會出現鑑於基本面強勁,s(SHSE: 603833)股票被證明是暫時的?
Simply Wall St ·  01/11 00:10

It is hard to get excited after looking at Oppein Home Group's (SHSE:603833) recent performance, when its stock has declined 30% over the past three months. 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 Oppein Home Group's ROE today.

看了歐派家居集團(SHSE: 603833)最近的表現,很難感到興奮,當時其股票在過去三個月中下跌了30%。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可能會增加。特別是,我們今天將關注Oppein Home Group的投資回報率。

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

股本回報率或投資回報率是對公司價值增長和管理投資者資金的有效性的考驗。簡而言之,它用於評估公司相對於其股權資本的盈利能力。

Check out our latest analysis for Oppein Home Group

查看我們對 Oppein Home Group 的最新分析

How Is ROE Calculated?

投資回報率是如何計算的?

Return on equity can be calculated by using the formula:

股本回報率可以使用以下公式計算:

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 Oppein Home Group is:

因此,根據上述公式,Oppein Home Group的投資回報率爲:

17% = CN¥3.0b ÷ CN¥18b (Based on the trailing twelve months to September 2023).

17% = 30億元人民幣 ÷ 18億元人民幣(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¥0.17 in profit.

“回報” 是過去十二個月的稅後收入。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0.17元的利潤。

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?

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,根據公司對這些利潤進行再投資或 “保留” 的金額及其有效性,我們就能評估公司的盈利增長潛力。假設其他條件相同,與不具有相同特徵的公司相比,既有更高股本回報率又更高利潤保留率的公司通常是增長率更高的公司。

Oppein Home Group's Earnings Growth And 17% ROE

Oppein Home Group 的收益增長和 17% 的投資回報率

To begin with, Oppein Home Group seems to have a respectable ROE. Especially when compared to the industry average of 10% the company's ROE looks pretty impressive. Probably as a result of this, Oppein Home Group was able to see a decent growth of 14% over the last five years.

首先,Oppein Home Group的投資回報率似乎相當不錯。特別是與行業平均水平的10%相比,該公司的投資回報率看起來相當可觀。可能是由於這個原因,Oppein Home Group在過去五年中得以實現14%的可觀增長。

As a next step, we compared Oppein Home Group'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 7.8%.

下一步,我們將Oppein Home Group的淨收入增長與該行業進行了比較,令人高興的是,我們發現該公司的增長高於行業平均增長7.8%。

past-earnings-growth
SHSE:603833 Past Earnings Growth January 11th 2024
SHSE: 603833 過去的收益增長 2024 年 1 月 11 日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. What is 603833 worth today? The intrinsic value infographic in our free research report helps visualize whether 603833 is currently mispriced by the market.

爲公司附加價值的基礎在很大程度上與其收益增長息息相關。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。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603833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603833目前是否被市場錯誤定價。

Is Oppein Home Group Using Its Retained Earnings Effectively?

Oppein Home Group 是否在有效使用其留存收益?

Oppein Home Group has a three-year median payout ratio of 38%, which implies that it retains the remaining 62% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.

Oppein Home Group的三年派息率中位數爲38%,這意味着它保留了剩餘的62%的利潤。這表明其股息覆蓋範圍良好,鑑於該公司的可觀增長,管理層似乎正在有效地對其收益進行再投資。

Additionally, Oppein Home Group has paid dividends over a period of six years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 37%. Accordingly, forecasts suggest that Oppein Home Group's future ROE will be 17% which is again, similar to the current ROE.

此外,Oppein Home Group已在六年內派發了股息,這意味着該公司非常認真地與股東分享利潤。我們最新的分析師數據顯示,公司未來三年的派息率預計約爲37%。因此,預測表明,歐派家居集團未來的投資回報率將爲17%,與目前的投資回報率相似。

Conclusion

結論

In total, we are pretty happy with Oppein Home Group's performance. 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. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

總的來說,我們對Oppein Home Group的表現非常滿意。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。在研究分析師當前的估計時,我們發現分析師預計該公司將繼續保持最近的增長勢頭。這些分析師的預期是基於對該行業的廣泛預期,還是基於公司的基本面?點擊此處進入我們分析師對公司的預測頁面。

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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。

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