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CGN New Energy Holdings (HKG:1811) Is Doing The Right Things To Multiply Its Share Price

CGN New Energy Holdings (HKG:1811) Is Doing The Right Things To Multiply Its Share Price

中广核新能源控股(HKG:1811)正在做正确的事情,使其股价成倍增长
Simply Wall St ·  2022/04/29 09:27

What are the early trends we should look for to identify a stock that could multiply in value over the long term? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at CGN New Energy Holdings (HKG:1811) so let's look a bit deeper.

我们应该寻找哪些早期趋势来识别一只可能在长期内成倍增值的股票?通常,我们会注意到一种增长的趋势返回关于已使用资本(ROCE)以及与之相伴随的是不断扩大的基座已动用资本的比例。如果你看到这个,通常意味着它是一家拥有出色商业模式和大量有利可图的再投资机会的公司。考虑到这一点,我们在以下方面注意到一些有希望的趋势中广核新能源控股(HKG:1811)让我们看得更深一点。

What is Return On Capital Employed (ROCE)?

什么是资本回报率(ROCE)?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for CGN New Energy Holdings, this is the formula:

对于那些不知道的人来说,ROCE是一家公司的年度税前利润(其回报)相对于业务资本的衡量标准。要计算中广核新能源控股的这一指标,公式如下:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已动用资本回报率=息税前收益(EBIT)?(总资产-流动负债)

0.072 = US$420m ÷ (US$8.7b - US$2.8b) (Based on the trailing twelve months to December 2021).

0.072美元=4.2亿美元(87亿美元-28亿美元)(根据截至2021年12月的往绩12个月计算).

So, CGN New Energy Holdings has an ROCE of 7.2%. Even though it's in line with the industry average of 6.8%, it's still a low return by itself.

所以,中广核新能源控股的净资产收益率为7.2%。尽管这与6.8%的行业平均水平一致,但这本身仍然是一个低回报。

Check out our latest analysis for CGN New Energy Holdings

查看我们对中广核新能源控股的最新分析

SEHK:1811 Return on Capital Employed April 29th 2022
联交所:1811 2022年4月29日资本回报率

In the above chart we have measured CGN New Energy Holdings' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering CGN New Energy Holdings here for free.

在上面的图表中,我们比较了中广核新能源控股公司之前的净资产收益率和之前的表现,但可以说,未来更重要。如果你愿意,你可以在这里查看报道中广核新能源控股的分析师对免费的。

What The Trend Of ROCE Can Tell Us

ROCE的走势告诉我们什么

We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 7.2%. The amount of capital employed has increased too, by 90%. So we're very much inspired by what we're seeing at CGN New Energy Holdings thanks to its ability to profitably reinvest capital.

我们很高兴看到ROCE正朝着正确的方向前进,尽管目前仍处于低位。数字显示,在过去五年中,资本回报率大幅增长至7.2%。所使用的资本额也增加了90%。因此,我们受到了中广核新能源控股公司的启发,这要归功于它有能力进行有利可图的资本再投资。

On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Effectively this means that suppliers or short-term creditors are now funding 32% of the business, which is more than it was five years ago. Keep an eye out for future increases because when the ratio of current liabilities to total assets gets particularly high, this can introduce some new risks for the business.

另外,我们注意到ROCE的改善似乎部分是由流动负债的增加推动的。实际上,这意味着供应商或短期债权人现在为这项业务提供了32%的资金,这一比例高于五年前。密切关注未来的增长,因为当流动负债与总资产的比率变得特别高时,这可能会给业务带来一些新的风险。

The Key Takeaway

关键的外卖

A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what CGN New Energy Holdings has. And a remarkable 258% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.

一家资本回报率不断增长、能够持续对自身进行再投资的公司是一个备受追捧的特征,这就是中广核新能源控股公司所拥有的。过去五年令人惊叹的258%的总回报率告诉我们,投资者期待未来会有更多好事情发生。因此,鉴于该股已证明其趋势看好,有必要对该公司进行进一步研究,看看这些趋势是否可能持续下去。

CGN New Energy Holdings does come with some risks though, we found 2 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

尽管中广核新能源控股确实存在一些风险,但我们在投资分析中发现了两个警告信号,其中一个不容忽视……

While CGN New Energy Holdings isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

虽然中广核新能源控股并没有获得最高的回报,但看看这个免费资产负债表稳健、股本回报率高的公司名单。

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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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这篇由《华尔街日报》撰写的文章本质上是笼统的。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。简单地说,华尔街在提到的任何股票中都没有头寸。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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