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Returns Are Gaining Momentum At BlackLine (NASDAQ:BL)

Returns Are Gaining Momentum At BlackLine (NASDAQ:BL)

黑線(納斯達克:BL)的回報正在增勢
Simply Wall St ·  09/28 22:49

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at BlackLine (NASDAQ:BL) and its trend of ROCE, we really liked what we saw.

要找到一支潛力股,我們應該關注一個企業中的基礎趨勢是什麼?首先,我們希望看到資本運作回報率(ROCE)逐漸增加,並且資本運作的基礎不斷擴大。簡單來說,這類企業就是複利機器,意味着它們在以越來越高的回報率不斷重新投資收益。因此,當我們看到BlackLine(納斯達克:BL)及其ROCE趨勢時,我們真的很喜歡我們看到的。

Return On Capital Employed (ROCE): What Is It?

資本僱用回報率(ROCE)是什麼?

If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for BlackLine, this is the formula:

如果您以前沒有接觸過ROCE,它衡量的是公司從其業務中使用的資本所產生的『回報』(稅前利潤)。爲了爲BlackLine計算這個指標,這是計算公式:

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。

0.013 = US$16m ÷ (US$1.9b - US$620m) (Based on the trailing twelve months to June 2024).

0.013 = 美元1600萬 ÷(190億美元 - 6.2億美元)(基於截至2024年6月的最近十二個月)。

Therefore, BlackLine has an ROCE of 1.3%. Ultimately, that's a low return and it under-performs the Software industry average of 8.4%.

因此,BlackLine的ROCE爲1.3%。 最終,這是一個較低的回報,低於軟件行業平均水平8.4%。

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NasdaqGS:BL Return on Capital Employed September 28th 2024
NasdaqGS:BL 2024年9月28日的資本運作回報率

Above you can see how the current ROCE for BlackLine 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 BlackLine .

您可以看到BlackLine的當前資本回報率與其之前的資本回報率相比如何,但過去能告訴您的信息有限。如果您感興趣,您可以查看我們提供的BlackLine的免費分析師報告中的分析師預測。

How Are Returns Trending?

綜合上述,Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定,如果其他指標也不錯,則可能存在機會。因此,進一步研究這家公司並確定這些趨勢是否會持續是合理的。

BlackLine has recently broken into profitability so their prior investments seem to be paying off. The company was generating losses five years ago, but now it's earning 1.3% which is a sight for sore eyes. Not only that, but the company is utilizing 264% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

BlackLine最近開始盈利,因此他們之前的投資似乎正在取得回報。該公司五年前還在虧損,但現在收益率爲1.3%,這是一大利好。而且,該公司正在比以前多利用264%的資本,但這是可以預期的,因爲一家試圖實現盈利的公司會這樣做。這可能表明存在許多內部投資資本和以更高利率投資的機會,這兩者都是潛力股的共同特點。

The Bottom Line On BlackLine's ROCE

關於BlackLine的資本回報率底線

Overall, BlackLine gets a big tick from us thanks in most part to the fact that it is now profitable and is reinvesting in its business. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 11% to shareholders. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.

總的來說,BlackLine得到了我們的高度評價,這主要歸功於它現在實現盈利並且正在重投資其業務。投資者可能還沒有對有利的基礎趨勢印象深刻,因爲在過去五年中,該股僅爲股東帶來了11%的回報。因此,深入了解這隻股票可能會揭示一個良好的投資機會,如果估值和其他指標能夠達到要求。

On a final note, we found 3 warning signs for BlackLine (1 can't be ignored) you should be aware of.

最後,我們發現了BlackLine的3個警示信號(其中一個不容忽視)需要您注意。

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。


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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