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Fortior Technology (Shenzhen) Co., Ltd. (SHSE:688279) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Fortior Technology (Shenzhen) Co., Ltd. (SHSE:688279) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Fortior科技(深圳)有限公司(SHSE: 688279)股票一直在下滑,但基本面看起來不錯:未來市場會修正股價嗎?
Simply Wall St ·  04/13 08:00

With its stock down 7.4% over the past week, it is easy to disregard Fortior Technology (Shenzhen) (SHSE:688279). But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Fortior Technology (Shenzhen)'s ROE in this article.

在過去一週中,Fortior Technology(深圳)(上海證券交易所股票代碼:688279)的股價下跌了7.4%,很容易被忽視。但是,如果你密切關注,你可能會發現其關鍵財務指標看起來相當不錯,考慮到市場通常會獎勵更具彈性的長期基本面,這可能意味着該股有可能在長期內上漲。具體而言,我們決定在本文中研究Fortior科技(深圳)的投資回報率。

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.

股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。換句話說,它揭示了公司成功地將股東投資轉化爲利潤。

How Do You Calculate Return On Equity?

你如何計算股本回報率?

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(來自持續經營業務)÷ 股東權益

So, based on the above formula, the ROE for Fortior Technology (Shenzhen) is:

因此,根據上述公式,Fortior科技(深圳)的投資回報率爲:

7.5% = CN¥175m ÷ CN¥2.3b (Based on the trailing twelve months to December 2023).

7.5% = 1.75億元人民幣 ÷ 23億元人民幣(基於截至2023年12月的過去十二個月)。

The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.07.

“回報” 是指公司去年的收益。因此,這意味着公司每投資1元人民幣,公司就會產生0.07元人民幣的利潤。

What Has ROE Got To Do With Earnings Growth?

投資回報率與收益增長有什麼關係?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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.

我們已經確定,投資回報率是衡量公司未來收益的有效盈利指標。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。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。

Fortior Technology (Shenzhen)'s Earnings Growth And 7.5% ROE

Fortior Technology(深圳)的收益增長和7.5%的投資回報率

At first glance, Fortior Technology (Shenzhen)'s ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 6.2%, we may spare it some thought. Looking at Fortior Technology (Shenzhen)'s exceptional 26% five-year net income growth in particular, we are definitely impressed. 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. For instance, the company has a low payout ratio or is being managed efficiently.

乍一看,Fortior科技(深圳)的投資回報率看起來並不十分樂觀。但是,鑑於該公司的投資回報率與6.2%的行業平均投資回報率相似,我們可以不加思索。特別是Fortior Technology(深圳)驚人的26%五年淨收入增長,我們肯定印象深刻。考慮到投資回報率不是特別高,我們認爲還可能有其他因素在起作用,這些因素可能會影響公司的增長。例如,該公司的派息率較低或管理效率很高。

Next, on comparing Fortior Technology (Shenzhen)'s net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 23% over the last few years.

接下來,在將Fortior Technology(深圳)的淨收入增長與該行業的淨收入增長進行比較時,我們發現該公司報告的增長與過去幾年23%的行業平均增長率相似。

past-earnings-growth
SHSE:688279 Past Earnings Growth April 13th 2024
SHSE: 688279 過去的收益增長 2024 年 4 月 13 日

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Fortior Technology (Shenzhen)'s's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

收益增長是對股票進行估值時要考慮的重要指標。無論如何,投資者應設法確定預期的收益增長或下降是否已計入其中。然後,這可以幫助他們確定股票是爲光明還是暗淡的未來而佈局。如果你想知道Fortior Technology(深圳)的估值,可以看看這個衡量其市盈率與行業相比的指標。

Is Fortior Technology (Shenzhen) Efficiently Re-investing Its Profits?

Fortior科技(深圳)是否有效地將其利潤再投資?

Fortior Technology (Shenzhen)'s three-year median payout ratio is a pretty moderate 26%, meaning the company retains 74% of its income. So it seems that Fortior Technology (Shenzhen) is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.

Fortior Technology(深圳)的三年派息率中位數爲26%,這意味着該公司保留了74%的收入。因此,Fortior Technology(深圳)似乎正在進行有效的再投資,其收益實現了可觀的增長(如上所述),並支付的股息覆蓋範圍廣。

While Fortior Technology (Shenzhen) has been growing its earnings, it only recently started to pay dividends which likely means that the company decided to impress new and existing shareholders with a dividend. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 26%. Regardless, the future ROE for Fortior Technology (Shenzhen) is predicted to rise to 9.3% despite there being not much change expected in its payout ratio.

儘管Fortior Technology(深圳)一直在增長收益,但它直到最近才開始派發股息,這可能意味着該公司決定通過分紅來打動新老股東。根據分析師的最新估計,我們發現該公司未來三年的派息率預計將穩定在26%。無論如何,儘管預計其派息率沒有太大變化,但Fortior Technology(深圳)的未來投資回報率預計將升至9.3%。

Conclusion

結論

Overall, we feel that Fortior Technology (Shenzhen) certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. 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Fortior科技(深圳)確實有一些積極因素需要考慮。儘管投資回報率很低,但由於再投資率很高,該公司的收益實現了可觀的增長。話雖如此,正如分析師目前的估計所預測的那樣,該公司的收益增長預計將放緩。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。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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