Crane (NYSE:CR) Is Looking To Continue Growing Its Returns On Capital
Crane (NYSE:CR) Is Looking To Continue Growing Its Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing 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. So on that note, Crane (NYSE:CR) looks quite promising in regards to its trends of return on capital.
如果你不確定下一個多倍股應該從哪裏開始尋找,有幾個關鍵趨勢你應該密切關注。首先,我們想要確定一個不斷增長的資本僱用回報率(ROCE),並伴隨着一個不斷增加的資本僱用基數。如果你看到這一點,通常意味着這是一家擁有很好的商業模式和豐富的盈利再投資機會的公司。所以在這方面,Crane(紐交所:CR)在回報率的趨勢上看起來非常有前途。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較,但過去只能知道這麼多。如果您感興趣,可以查看我們免費的蒙托克可再生能源分析師報告,了解分析師的預測。
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Crane, this is the formula:
只是爲了澄清,如果你不確定,ROCE是一個評估公司在其業務中投資的資本上獲得多少稅前收入(以百分比形式)的指標。要計算Crane的這個指標,使用下面的公式:
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。
0.18 = US$353m ÷ (US$2.5b - US$521m) (Based on the trailing twelve months to June 2024).
0.18 = 3,5300萬美元 ÷ (25億美元 - 5.21億美元)(基於截至2024年6月的過去十二個月)。
Thus, Crane has an ROCE of 18%. On its own, that's a standard return, however it's much better than the 13% generated by the Machinery industry.
因此,Crane的ROCE爲18%。單獨看,這是一個標準的回報率,但它比機械行業生成的13%要好得多。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240908/0-85584c129109c0fc10346b3230418f90-0-cc015f3a3a8692f303652c300be86033.png/big)
In the above chart we have measured Crane's 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 Crane for free.
在上面的圖表中,我們已經對Crane以前的ROCE與其以前的業績進行了衡量,但未來可能更重要。如果您願意,您可以免費查看涵蓋Crane的分析師的預測。
What Can We Tell From Crane's ROCE Trend?
我們從Crane的ROCE趨勢中能得出什麼結論?
Crane has not disappointed in regards to ROCE growth. The figures show that over the last five years, returns on capital have grown by 21%. That's a very favorable trend because this means that the company is earning more per dollar of capital that's being employed. Speaking of capital employed, the company is actually utilizing 43% less than it was five years ago, which can be indicative of a business that's improving its efficiency. A business that's shrinking its asset base like this isn't usually typical of a soon to be multi-bagger company.
在ROCE增長方面,Crane並未令人失望。數據顯示,在過去的五年中,資本回報率增長了21%。這是一個非常有利的趨勢,因爲這意味着公司在使用的每一美元資本上賺取的利潤更多。說到使用的資本,事實上,該公司目前的資本使用量比五年前少了43%,這可以說明該企業正在提高其效率。像這樣縮小資產基礎的企業通常不是一個即將成爲多倍收益的公司的典型特徵。
What We Can Learn From Crane's ROCE
從Crane的ROCE中我們能學到什麼?
In a nutshell, we're pleased to see that Crane has been able to generate higher returns from less capital. Since the stock has returned a staggering 187% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
簡而言之,我們很高興看到Crane能夠從更少的資本中獲得更高的回報。由於該股票在過去五年中給股東帶來了驚人的187%回報率,看起來投資者也意識到了這些變化。因此,我們認爲您花時間來檢查這些趨勢是否會持續是值得的。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for CR that compares the share price and estimated value.
但在得出任何結論之前,我們需要知道我們以當前股價獲得了什麼價值。這就是您可以查看我們爲CR提供的FREE內在價值估計的地方,該估計將股價與預估價值進行了比較。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想尋找財務狀況良好、回報卓越的實力強企業,可以免費查看以下公司列表。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。