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Exponent's (NASDAQ:EXPO) Returns Have Hit A Wall

Exponent's (NASDAQ:EXPO) Returns Have Hit A Wall

毅博科技諮詢(納斯達克:EXPO)的回報已經觸底。
Simply Wall St ·  11/11 19:11

There are a few key trends to look for if we want to identify the next multi-bagger. 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. 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 ran our eye over Exponent's (NASDAQ:EXPO) trend of ROCE, we liked what we saw.

如果我們想要找到下一個多倍增長的股票,有一些關鍵趨勢需要關注。在一個完美的世界中,我們希望看到一家公司投入更多資本到其業務中,理想情況下,從該資本獲得的回報也在增加。簡而言之,這些類型的企業是複利機器,意味着它們不斷以更高的回報率再投資其收益。因此,當我們審視毅博科技諮詢(納斯達克:EXPO)的ROCE趨勢時,我們喜歡我們所看到的。

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。

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

如果您之前沒有接觸過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)。這項計算的公式在Exponent上是:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)

0.18 = US$111m ÷ (US$744m - US$138m) (Based on the trailing twelve months to September 2024).

0.18 = 11100萬美元 ÷ (74400萬美元 - 138百萬美元)(基於2024年9月的過去十二個月)。

Thus, Exponent has an ROCE of 18%. In absolute terms, that's a satisfactory return, but compared to the Professional Services industry average of 15% it's much better.

因此,Exponent的ROCE爲18%。絕對來說,這是一個令人滿意的回報,但與專業服務行業平均水平的15%相比,要好得多。

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NasdaqGS:EXPO Return on Capital Employed November 11th 2024
NasdaqGS:EXPO 資本使用回報率 2024年11月11日

In the above chart we have measured Exponent's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Exponent .

在上面的圖表中,我們對比了毅博科技諮詢之前的ROCE與其之前的業績,但未來可能更爲重要。如果您感興趣,您可以查看我們免費提供的毅博科技諮詢分析師報告中的預測。

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。

The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has consistently earned 18% for the last five years, and the capital employed within the business has risen 37% in that time. Since 18% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.

ROCE的趨勢並不明顯,但總體回報還不錯。過去五年,該公司一直保持着18%的回報,業務資本的投入在此期間上升了37%。雖然18%是一個適度的ROCE,但看到企業能夠繼續以這些不錯的回報率進行再投資還是不錯的。長時間以來,像這樣的回報可能並不那麼令人興奮,但如果穩定性好的話,它們可以通過股價回報來得到回報。

The Bottom Line On Exponent's ROCE

毅博科技諮詢ROCE的要點

To sum it up, Exponent has simply been reinvesting capital steadily, at those decent rates of return. And since the stock has risen strongly over the last five years, it appears the market might expect this trend to continue. So while investors seem to be recognizing these promising trends, we still believe the stock deserves further research.

總而言之,毅博科技諮詢簡單地穩定再投資資本,以這些不錯的回報率。由於過去五年股價強勁上漲,市場似乎預期這一趨勢將持續下去。因此,儘管投資者似乎認識到這些有希望的趨勢,我們仍然認爲這隻股票值得進一步研究。

Exponent could be trading at an attractive price in other respects, so you might find our free intrinsic value estimation for EXPO on our platform quite valuable.

從其他方面來看,毅博科技諮詢的交易價格可能吸引人,所以您可能會發現我們平台上提供的關於EXPO的免費內在價值估算非常有價值。

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.

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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

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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