Meritage Homes (NYSE:MTH) Might Have The Makings Of A Multi-Bagger
Meritage Homes (NYSE:MTH) Might Have The Makings Of A Multi-Bagger
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, Meritage Homes (NYSE:MTH) looks quite promising in regards to its trends of return on capital.
在尋找有巨大增長潛力的業務並不容易,但如果我們看一下幾個關鍵的財務指標,也是有可能的。在完美世界中,我們希望看到一個公司投入更多的資本到它的業務中,理想情況下,從這些資本中獲得的回報也在增加。這表明它是一臺複合機器,能夠不斷地將其收益再投入業務中併產生更高的回報。因此,Meritage Homes(NYSE:MTH)在其資本回報趨勢方面看起來相當有前途。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
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 Meritage Homes, this is the formula:
對於那些不知道ROCE是什麼的人,ROCE是一個公司每年利潤(其回報)與資本僱用在業務中的相對關係的度量。要爲Meritage Homes計算這個指標,這是公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率(ROCE)是指企業利潤,即企業稅前利潤除以企業投入的總資本(負債加股權)。如果ROCE高於企業財務成本的承受能力,那麼企業就會創造出更多的價值。
0.16 = US$1.0b ÷ (US$6.9b - US$634m) (Based on the trailing twelve months to June 2024).
0.16 = US$10億 ÷ (US$69億 - US$634m) (基於截至2024年6月的過去十二個月)。
Thus, Meritage Homes has an ROCE of 16%. That's a relatively normal return on capital, and it's around the 14% generated by the Consumer Durables industry.
因此,Meritage Homes的ROCE爲16%。這是一個相對正常的資本回報率,在消費行業板塊產生的14%左右。
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Above you can see how the current ROCE for Meritage Homes compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Meritage Homes .
以上你可以看到Meritage Homes當前的資本回報率與其以前的回報率相比情況如何,但是過去只能告訴我們這麼多。如果您想了解分析師對未來的預測,您應該查看我們爲Meritage Homes提供的免費分析師報告。
What Does the ROCE Trend For Meritage Homes Tell Us?
Meritage Homes的資本回報率趨勢告訴我們什麼?
We like the trends that we're seeing from Meritage Homes. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 16%. The amount of capital employed has increased too, by 98%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
我們喜歡我們從Meritage Homes看到的趨勢。數據顯示,在過去的五年中,資本僱用產生的回報率已經大幅增長到16%。同時,僱用的資本也增加了98%。這可能表明,有大量的機會在內部投資資本,並以更高的速度獲得回報,這在多袋股中很常見。
The Bottom Line
還有一件事需要注意的是,我們已經確定了上海醫藥的2個警告信號,了解這些信號應該成爲你的投資過程的一部分。
All in all, it's terrific to see that Meritage Homes is reaping the rewards from prior investments and is growing its capital base. Since the stock has returned a staggering 180% to shareholders over the last five years, it looks like investors are recognizing these changes. In light of that, we think it's worth looking further into this stock because if Meritage Homes can keep these trends up, it could have a bright future ahead.
總的來說,看到Meritage Homes從之前的投資中獲得回報並增長其資本基礎是非常棒的。由於該股票在過去的五年中給股東帶來了驚人的180%的回報,投資者似乎正在認識到這些變化。鑑於此,我們認爲值得進一步研究這隻股票,因爲如果Meritage Homes能夠保持這些趨勢,它可能會有一個輝煌的未來。
On a final note, we found 3 warning signs for Meritage Homes (1 is potentially serious) you should be aware of.
最後,我們發現Meritage Homes存在3個風險警報(其中1個風險可能很嚴重),您應該意識到這些風險。
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.
Hao Tian International Construction Investment Group確實存在一些風險,我們已經發現了一條警示標誌,你可能會感興趣。對於那些喜歡投資於實力雄厚的公司的人,可以查看這個由財務狀況強大、股本回報率高的公司組成的免費列表。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。