share_log

Levima Advanced Materials Corporation (SZSE:003022) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Levima Advanced Materials Corporation (SZSE:003022) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Levima Advanced Materials Corporation(深圳证券交易所:003022)股票一直在下滑,但基本面看起来不错:未来市场会修正股价吗?
Simply Wall St ·  04/25 19:30

Levima Advanced Materials (SZSE:003022) has had a rough month with its share price down 7.0%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. In this article, we decided to focus on Levima Advanced Materials' ROE.

Levima Advanced Materials(深圳证券交易所:003022)经历了艰难的一个月,其股价下跌了7.0%。但是,从长远来看,股票价格通常由公司的财务状况驱动,在这种情况下,这看起来相当可观。在这篇文章中,我们决定重点关注联想先进材料的投资回报率。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键指标。换句话说,它是衡量公司股东提供的资本回报率的盈利比率。

How To Calculate Return On Equity?

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 Levima Advanced Materials is:

因此,根据上述公式,联想先进材料的投资回报率为:

5.8% = CN¥456m ÷ CN¥7.8b (Based on the trailing twelve months to December 2023).

5.8% = 4.56亿元人民币 ÷ 78亿元人民币(基于截至2023年12月的过去十二个月)。

The 'return' is the income the business earned over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.06 in profit.

“回报” 是企业去年获得的收入。另一种思考方式是,公司每拥有价值1元人民币的股权,就能获得0.06元的利润。

Why Is ROE Important For Earnings Growth?

为什么投资回报率对收益增长很重要?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. 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. 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,我们已经了解到,投资回报率衡量的是公司创造利润的效率。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。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。

Levima Advanced Materials' Earnings Growth And 5.8% ROE

联想先进材料的收益增长和5.8%的投资回报率

At first glance, Levima Advanced Materials' ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.5%. Even so, Levima Advanced Materials has shown a fairly decent growth in its net income which grew at a rate of 8.0%. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. Such as - high earnings retention or an efficient management in place.

乍一看,Levima Advanced Materials的投资回报率看起来并不十分乐观。然而,一项更仔细的研究表明,该公司的投资回报率与6.5%的行业平均水平相似。即便如此,Levima Advanced Materials的净收入仍表现出相当不错的增长,增长率为8.0%。考虑到投资回报率不是特别高,我们认为还可能有其他因素在起作用,这些因素可能会影响公司的增长。例如——高收益留存率或实行高效管理。

We then compared Levima Advanced Materials' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 11% in the same 5-year period, which is a bit concerning.

然后,我们将Levima Advanced Materials的净收入增长与该行业进行了比较,发现该公司的增长数字低于同期11%的行业平均增长率,这有点令人担忧。

past-earnings-growth
SZSE:003022 Past Earnings Growth April 25th 2024
SZSE: 003022 过去的收益增长 2024 年 4 月 25 日

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. Is Levima Advanced Materials fairly valued compared to other companies? These 3 valuation measures might help you decide.

收益增长是股票估值的重要因素。对于投资者来说,重要的是要知道市场是否对公司的预期收益增长(或下降)进行了定价。这样做将帮助他们确定股票的未来是乐观还是不祥的。与其他公司相比,联想先进材料的估值是否合理?这3种估值指标可能会帮助您做出决定。

Is Levima Advanced Materials Efficiently Re-investing Its Profits?

Levima Advanced Materials是否有效地将其利润再投资?

Levima Advanced Materials has a healthy combination of a moderate three-year median payout ratio of 27% (or a retention ratio of 73%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.

Levima Advanced Materials健康地结合了27%的三年中位派息率(或73%的留存率)和可观的收益增长,如上所示,这意味着该公司一直在有效利用其利润。

Additionally, Levima Advanced Materials has paid dividends over a period of three years which means that the company is pretty serious about sharing its profits with shareholders.

此外,Levima Advanced Materials已在三年内派发了股息,这意味着该公司非常认真地与股东分享利润。

Summary

摘要

In total, it does look like Levima Advanced Materials has some positive aspects to its business. Specifically, its fairly high earnings growth number, which no doubt was backed by the company's high earnings retention. Still, the low ROE means that all that reinvestment is not reaping a lot of benefit to the investors. 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.

总的来说,Levima Advanced Materials的业务看起来确实有一些积极的方面。具体而言,其相当高的收益增长数字,这无疑得到了该公司高收益保留率的支持。尽管如此,低投资回报率意味着所有这些再投资并没有给投资者带来很多好处。话虽如此,从分析师目前的估计来看,我们发现该公司的收益有望增强。要详细了解分析师对公司的最新预测,请查看该公司的分析师预测的可视化。

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.

对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发