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Should Weakness in Zhejiang Xinan Chemical Industrial Group Co.,Ltd's (SHSE:600596) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

Should Weakness in Zhejiang Xinan Chemical Industrial Group Co.,Ltd's (SHSE:600596) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

浙江新安化工集團有限公司應表現疲軟,Ltd(SHSE: 600596)的股票被視爲鑑於財務狀況良好,市場將糾正股價的跡象?
Simply Wall St ·  2023/11/28 10:03

Zhejiang Xinan Chemical Industrial GroupLtd (SHSE:600596) has had a rough three months with its share price down 8.2%. 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 Zhejiang Xinan Chemical Industrial GroupLtd's ROE.

浙江新安化工集團有限公司(SHSE:600596)經歷了艱難的三個月,其股價下跌了8.2%。但是,股票價格通常由公司的長期財務狀況驅動,在這種情況下,這看起來相當可觀。在本文中,我們決定重點關注浙江新安化學工業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 short, ROE shows the profit each dollar generates with respect to its shareholder investments.

投資回報率或股本回報率是評估公司如何有效地從股東那裏獲得投資回報的有用工具。簡而言之,投資回報率顯示了每美元從其股東投資中產生的利潤。

View our latest analysis for Zhejiang Xinan Chemical Industrial GroupLtd

查看我們對浙江新安化學工業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?

ROE can be calculated by using the formula:

ROE 可以通過以下公式計算:

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 Zhejiang Xinan Chemical Industrial GroupLtd is:

因此,根據上述公式,浙江新安化工集團有限公司的投資回報率爲:

2.6% = CN¥311m ÷ CN¥12b (Based on the trailing twelve months to September 2023).

2.6% = 3.11億元人民幣 ¥12b(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¥0.03 in profit.

“回報” 是過去十二個月的稅後收入。這意味着,每持有價值1元人民幣的股權,公司就會產生0.03元人民幣的利潤。

Why Is ROE Important For Earnings Growth?

爲什麼投資回報率對收益增長很重要?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. 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,投資回報率是衡量公司盈利能力的指標。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。假設其他一切保持不變,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。

Zhejiang Xinan Chemical Industrial GroupLtd's Earnings Growth And 2.6% ROE

浙江新安化工集團有限公司的收益增長和2.6%的投資回報率

As you can see, Zhejiang Xinan Chemical Industrial GroupLtd's ROE looks pretty weak. Even when compared to the industry average of 6.8%, the ROE figure is pretty disappointing. Despite this, surprisingly, Zhejiang Xinan Chemical Industrial GroupLtd saw an exceptional 24% net income growth over the past five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.

如您所見,浙江新安化工集團有限公司的投資回報率看起來相當疲軟。即使與6.8%的行業平均水平相比,ROE數字還是相當令人失望的。儘管如此,令人驚訝的是,浙江新安化工集團有限公司在過去五年中實現了24%的驚人淨收入增長。我們認爲,可能還有其他方面對公司的收益增長產生積極影響。例如-高收入留存率或有效的管理。

We then compared Zhejiang Xinan Chemical Industrial GroupLtd'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 12% in the same 5-year period.

然後,我們將浙江新安化工集團有限公司的淨收入增長與行業進行了比較,我們很高興地看到,與同期同期12%的行業相比,該公司的增長數字更高。

past-earnings-growth
SHSE:600596 Past Earnings Growth November 28th 2023
上海證券交易所:600596 過去的收益增長 2023 年 11 月 28 日

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. 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 Zhejiang Xinan Chemical Industrial GroupLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.

賦予公司價值的基礎在很大程度上與其收益增長息息相關。對於投資者來說,重要的是要知道市場是否影響了公司的預期收益增長(或下降)。這樣做將幫助他們確定股票的未來是光明還是不祥。與其他公司相比,浙江新安化工集團有限公司的估值是否公平?這三種估值指標可能有助於您做出決定。

Is Zhejiang Xinan Chemical Industrial GroupLtd Making Efficient Use Of Its Profits?

浙江新安化工集團有限公司是否在有效利用其利潤?

Zhejiang Xinan Chemical Industrial GroupLtd's ' three-year median payout ratio is on the lower side at 23% implying that it is retaining a higher percentage (77%) of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

浙江新安化工集團有限公司的三年期中位數派息率處於較低水平,爲23%,這意味着其利潤比例更高(77%)。這表明,管理層正在將大部分利潤再投資於業務發展,公司的增長就證明了這一點。

Besides, Zhejiang Xinan Chemical Industrial GroupLtd has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders.

此外,浙江新安化學工業集團有限公司已經派發股息至少十年或更長時間。這表明該公司致力於與股東分享利潤。

Summary

摘要

Overall, we feel that Zhejiang Xinan Chemical Industrial GroupLtd certainly does have some positive factors to consider. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. 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.

總體而言,我們認爲浙江新安化工集團有限公司確實有一些積極因素需要考慮。儘管回報率很低,但由於對業務進行了大量再投資,該公司仍實現了可觀的收益增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益有望增強。要詳細了解分析師對公司的最新預測,請查看分析師對公司的預測的可視化。

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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