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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(纳斯达克股票代码:DDOG)的稳健收益受到其他强劲因素的支持
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(纳斯达克股票代码:DDOG)上周公布的财报令投资者失望,尽管利润数字不错。我们进行了一些挖掘,实际上认为他们过于悲观。

NasdaqGS:DDOG Earnings and Revenue History May 21st 2024

NASDAQGS: DDOG 收益和收入历史记录 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.

许多投资者没有听说过现金流的应计比率,但它实际上是衡量公司在给定时期内自由现金流(FCF)对利润的支持程度的有用指标。为了获得应计比率,我们首先从一段时间内的利润中减去FCF,然后将该数字除以该期间的平均运营资产。该比率向我们显示了公司的利润超过其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.

这意味着负应计比率是一件好事,因为它表明该公司带来的自由现金流比其利润所暗示的还要多。尽管应计比率高于零并不令人担忧,但我们确实认为,当公司的应计比率相对较高时,值得注意。值得注意的是,有一些学术证据表明,一般而言,高应计比率对短期利润来说是个坏兆头。

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的应计比率为-2.78。因此,其法定收入大大低于其自由现金流。换句话说,它在此期间产生了6.68亿美元的自由现金流,使其报告的1.153亿美元利润相形见绌。Datadog的自由现金流比去年有所改善,总体而言,这是值得期待的。

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.  

这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以点击此处查看根据他们的估计描绘未来盈利能力的交互式图表。

Our Take On Datadog's Profit Performance

我们对Datadog利润表现的看法

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.  

正如我们上面讨论的那样,Datadog的应计比率表明利润向自由现金流的强劲转换,这对公司来说是一个积极的利润。因此,我们认为Datadog的潜在盈利潜力与法定利润看上去一样好,甚至可能更好!在去年亏损之后,该公司表现出了足够的改善,今年实现了盈利,这也是一个积极的因素。本文的目标是评估我们在多大程度上可以依靠法定收益来反映公司的潜力,但还有很多需要考虑的地方。如果您想进一步了解Datadog作为一家企业,请务必了解其面临的任何风险。一个很好的例子:我们发现了两个你应该注意的 Datadog 警告信号。

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,我们放大了单个数据点,以更好地了解Datadog利润的性质。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。有些人认为高股本回报率是优质业务的好兆头。虽然可能需要你进行一些研究,但你可能会发现这份免费收集的拥有高股本回报率的公司,或者这份拥有大量内幕持股的股票清单很有用。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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