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Returns At Helix Energy Solutions Group (NYSE:HLX) Are On The Way Up

Returns At Helix Energy Solutions Group (NYSE:HLX) Are On The Way Up

Helix Energy Solutions Group(紐約證券交易所代碼:HLX)的回報率正在上升
Simply Wall St ·  05/21 20:35

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Helix Energy Solutions Group's (NYSE:HLX) returns on capital, so let's have a look.

要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?首先,我們想找一個正在成長的 返回 關於已用資本(ROCE),然後除此之外,還不斷增加 基礎 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。說到這裏,我們注意到Helix Energy Solutions集團(紐約證券交易所代碼:HLX)的資本回報率發生了一些重大變化,所以讓我們來看看吧。

What Is Return On Capital Employed (ROCE)?

什麼是資本使用回報率(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. The formula for this calculation on Helix Energy Solutions Group is:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。Helix Energy Solutions Group 的計算公式爲:

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

已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)

0.048 = US$109m ÷ (US$2.6b - US$348m) (Based on the trailing twelve months to March 2024).

0.048 = 1.09億美元 ÷(26億美元-3.48億美元) (基於截至2024年3月的過去十二個月)

So, Helix Energy Solutions Group has an ROCE of 4.8%. In absolute terms, that's a low return and it also under-performs the Energy Services industry average of 12%.

因此,Helix能源解決方案集團的投資回報率爲4.8%。從絕對值來看,這是一個低迴報,其表現也低於能源服務行業12%的平均水平。

roce
NYSE:HLX Return on Capital Employed May 21st 2024
紐約證券交易所:HLX 2024年5月21日動用資本回報率

Above you can see how the current ROCE for Helix Energy Solutions Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Helix Energy Solutions Group .

上面你可以看到Helix Energy Solutions集團當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果您有興趣,可以在我們的Helix Energy Solutions Group免費分析師報告中查看分析師的預測。

What Can We Tell From Helix Energy Solutions Group's ROCE Trend?

我們可以從Helix Energy Solutions集團的ROCE趨勢中得出什麼?

Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 115% in that same time. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.

儘管從絕對值來看,投資回報率仍然很低,但很高興看到它正朝着正確的方向前進。更具體地說,儘管該公司在過去五年中一直保持相對平穩的資本使用率,但同期投資回報率增長了115%。因此,我們的看法是,企業提高了效率以產生更高的回報,同時無需進行任何額外投資。但是,值得更深入地研究這個問題,因爲儘管提高業務效率是件好事,但這也可能意味着未來缺乏內部投資以實現有機增長的領域。

In Conclusion...

總之...

As discussed above, Helix Energy Solutions Group appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Since the stock has returned a solid 67% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. 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.

如上所述,Helix Energy Solutions集團似乎越來越擅長創造回報,因爲資本利用率保持平穩,但收益(不計利息和稅收)有所增加。由於該股在過去五年中爲股東帶來了67%的穩健回報,因此可以公平地說,投資者已開始意識到這些變化。因此,鑑於該股已證明其趨勢令人鼓舞,值得進一步研究該公司,看看這些趨勢是否可能持續下去。

While Helix Energy Solutions Group looks impressive, no company is worth an infinite price. The intrinsic value infographic for HLX helps visualize whether it is currently trading for a fair price.

儘管Helix Energy Solutions集團看起來令人印象深刻,但沒有哪家公司值得無限的代價。HLX的內在價值信息圖有助於可視化其當前是否以公平的價格進行交易。

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.

對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。

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.

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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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