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Datadog's (NASDAQ:DDOG) Solid Earnings Are Supported By Other Strong Factors

Datadog's (NASDAQ:DDOG) Solid Earnings Are Supported By Other Strong Factors

Datadog(納斯達克股票代碼:DDOG)的穩健收益受到其他強勁因素的支持
Simply Wall St ·  05/21 19:49

Datadog, Inc.'s (NASDAQ:DDOG) earnings announcement last week was disappointing for investors, despite the decent profit numbers.  We did some digging and actually think they are being unnecessarily pessimistic.    

Datadog, Inc. 's(納斯達克股票代碼:DDOG)上週公佈的業績令投資者失望,儘管利潤數字不錯。我們進行了一些挖掘,實際上認爲他們過於悲觀。

NasdaqGS:DDOG Earnings and Revenue History May 21st 2024

NASDAQGS: DDOG 收益和收入歷史記錄 2024 年 5 月 21 日

Zooming In On Datadog's Earnings

放大 Datadog 的收益

Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period.  To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period.  The ratio shows us how much a company's profit exceeds its FCF.

許多投資者沒有聽說過現金流的應計比率,但它實際上是衡量公司在給定時期內自由現金流(FCF)對利潤的支持程度的有用指標。爲了獲得應計比率,我們首先從一段時間內的利潤中減去FCF,然後將該數字除以該期間的平均運營資產。該比率向我們顯示了公司的利潤超過其FCF的程度。

That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest.  While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio.  Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.

這意味着負應計比率是一件好事,因爲它表明該公司帶來的自由現金流比其利潤所暗示的還要多。儘管應計比率高於零並不令人擔憂,但我們確實認爲,當公司的應計比率相對較高時,值得注意。值得注意的是,有一些學術證據表明,一般而言,高應計比率對短期利潤來說是個壞兆頭。

Datadog has an accrual ratio of -2.78 for the year to March 2024.   Therefore, its statutory earnings were very significantly less than its free cashflow.    To wit, it produced free cash flow of US$668m during the period, dwarfing its reported profit of US$115.3m.    Datadog's free cash flow improved over the last year, which is generally good to see.  

截至2024年3月的一年中,Datadog的應計比率爲-2.78。因此,其法定收入大大低於其自由現金流。換句話說,它在此期間產生了6.68億美元的自由現金流,使其報告的1.153億美元利潤相形見絀。Datadog的自由現金流比去年有所改善,總體而言,這是值得期待的。

That might leave you wondering what analysts are forecasting in terms of future profitability.  Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.  

這可能會讓你想知道分析師對未來盈利能力的預測。幸運的是,您可以點擊此處查看根據他們的估計描繪未來盈利能力的交互式圖表。

Our Take On Datadog's Profit Performance

我們對Datadog利潤表現的看法

As we discussed above, Datadog's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company.      Because of this, we think Datadog's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem!     And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year.     The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider.    If you'd like to know more about Datadog as a business, it's important to be aware of any risks it's facing.    Case in point: We've spotted 2 warning signs for Datadog you should be aware of.  

正如我們上面討論的那樣,Datadog的應計比率表明利潤向自由現金流的強勁轉換,這對公司來說是一個積極的利潤。因此,我們認爲Datadog的潛在盈利潛力與法定利潤看上去一樣好,甚至可能更好!在去年虧損之後,該公司表現出了足夠的改善,今年實現了盈利,這也是一個積極的因素。本文的目標是評估我們在多大程度上可以依靠法定收益來反映公司的潛力,但還有很多需要考慮的地方。如果您想進一步了解Datadog作爲一家企業,請務必了解其面臨的任何風險。一個很好的例子:我們發現了兩個你應該注意的 Datadog 警告信號。

Today we've zoomed in on a single data point to better understand the nature of Datadog's profit.   But there is always more to discover if you are capable of focussing your mind on minutiae.  Some people consider a high return on equity to be a good sign of a quality business.  While it might take a little research on your behalf, you may find this free  collection of companies boasting high return on equity, or  this list of stocks with significant insider holdings to be useful.  

今天,我們放大了單個數據點,以更好地了解Datadog利潤的性質。但是,如果你能夠將注意力集中在細節上,總會有更多的事情需要發現。有些人認爲高股本回報率是優質業務的好兆頭。雖然可能需要你進行一些研究,但你可能會發現這份免費收集的擁有高股本回報率的公司,或者這份擁有大量內幕持股的股票清單很有用。

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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