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Companies Like Sweetgreen (NYSE:SG) Can Afford To Invest In Growth

Companies Like Sweetgreen (NYSE:SG) Can Afford To Invest In Growth

像Sweetgreen這樣的公司(紐交所:SG)能夠負擔得起投資於增長
Simply Wall St ·  11/13 22:00

Just because a business does not make any money, does not mean that the stock will go down. Indeed, Sweetgreen (NYSE:SG) stock is up 267% in the last year, providing strong gains for shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

僅僅因爲一家企業沒有盈利,並不意味着其股票會下跌。實際上,Sweetgreen(紐交所:SG)的股票在過去一年上漲了267%,爲股東帶來了強勁的收益。然而,嚴酷的現實是,許多虧損公司會消耗完所有現金而破產。

Given its strong share price performance, we think it's worthwhile for Sweetgreen shareholders to consider whether its cash burn is concerning. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

鑑於其強勁的股價表現,我們認爲Sweetgreen的股東有必要考慮其現金消耗是否令人擔憂。爲了本篇文章的目的,現金消耗是指一家不盈利公司爲資助其增長而花費現金的年消耗率;它的負自由現金流。我們將開始比較其現金消耗與現金儲備,以計算其現金區間。

How Long Is Sweetgreen's Cash Runway?

Sweetgreen的現金區間有多長?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2024, Sweetgreen had cash of US$235m and no debt. In the last year, its cash burn was US$33m. So it had a cash runway of about 7.0 years from September 2024. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. You can see how its cash balance has changed over time in the image below.

現金區間的定義是,如果公司繼續以當前現金消耗的速度花費資金,耗盡資金所需的時間長度。截止到2024年9月,Sweetgreen有24500萬美元的現金且沒有債務。在過去一年裏,其現金消耗爲3300萬美元。因此,從2024年9月起,它的現金區間約爲7.0年。雖然這只是評估其現金消耗情況的一個指標,但它無疑給我們留下了持有者沒有什麼可擔心的印象。您可以在下面的圖像中查看其現金餘額隨時間變化的情況。

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NYSE:SG Debt to Equity History November 13th 2024
紐交所:SG 股票與權益歷史 2024年11月13日

How Well Is Sweetgreen Growing?

Sweetgreen的成長情況如何?過去12個月中,Sweetgreen成功將現金消耗降低了77%,這表明它在正確的增長軌跡上。值得高興的是,這是在收入增長25%的幫助下實現的。它似乎在不斷增長。雖然過去總是值得研究,但最重要的是未來。因此,您可能想看看未來幾年公司的預期增長。

Sweetgreen managed to reduce its cash burn by 70% over the last twelve months, which suggests it's on the right flight path. Pleasingly, this was achieved with the help of a 22% boost to revenue. It seems to be growing nicely. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at how much the company is expected to grow in the next few years.

Sweetgreen在過去十二個月內成功將其現金消耗減少了70%,這表明它正走在正確的軌道上。令人欣慰的是,這得益於營業收入增長了22%。它似乎正在良好地增長。雖然過去總是值得研究,但未來才是最重要的。所以您可能想看看公司預計在未來幾年會增長多少。

How Hard Would It Be For Sweetgreen To Raise More Cash For Growth?

毫無疑問,就Sweetgreen的現金流消耗而言,它似乎處於相當不錯的地位,但即使這只是假設,詢問它如何輕鬆地籌集更多資金以支持其擴展也始終是值得的。企業可以通過債務或股權來籌集資本。通常,企業會出售自身的新股份,以籌集資金並推動增長。通過觀察企業的現金消耗與市值的比較,我們可以揭示,如果企業需要籌集足以支付一年現金消耗的資金,那麼股東將會受到多少稀釋。

While Sweetgreen seems to be in a decent position, we reckon it is still worth thinking about how easily it could raise more cash, if that proved desirable. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

雖然Sweetgreen似乎處於一個不錯的位置,但我們認爲仍然值得考慮,如果需要的話,它能多容易地籌集更多的現金。一般來說,上市公司可以通過發行股票或承擔債務來籌集新的現金。許多公司最終通過發行新股份來資助未來的增長。通過將公司的年度現金消耗與其總市值進行比較,我們可以大致估計出它需要發行多少股份以便在未來一年內繼續運營(以相同的消耗率)。

Sweetgreen's cash burn of US$33m is about 0.7% of its US$4.5b market capitalisation. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares.

Sweetgreen的現金消耗爲3300萬美元,約佔其45億美元市值的0.7%。因此,它幾乎可以肯定地借一些錢來資助未來一年的增長,或者輕鬆通過發行幾股籌集現金。

How Risky Is Sweetgreen's Cash Burn Situation?

當然,Sweetgreen可能不是最好的股票購買選擇。因此,您可能希望查看此收益率高的公司的免費收藏,或者查看此具有高內部所有權的股票列表。

It may already be apparent to you that we're relatively comfortable with the way Sweetgreen is burning through its cash. For example, we think its cash runway suggests that the company is on a good path. Its revenue growth wasn't quite as good, but was still rather encouraging! After considering a range of factors in this article, we're pretty relaxed about its cash burn, since the company seems to be in a good position to continue to fund its growth. Its important for readers to be cognizant of the risks that can affect the company's operations, and we've picked out 3 warning signs for Sweetgreen that investors should know when investing in the stock.

您可能已經注意到,我們對Sweetgreen的現金消耗方式相對感到滿意。例如,我們認爲其現金流預測表明公司正處於良好的發展軌道。它的營業收入增長雖然不是特別好,但仍然相當令人鼓舞!在考慮了本文中的一系列因素後,我們對其現金消耗感到相對放鬆,因爲該公司似乎處於良好的 position以繼續資助其增長。重要的是,讀者需要清楚能夠影響公司運營的風險,我們爲Sweetgreen挑選了3個警告信號,投資者在投資該股票時應該了解這些信號。

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

如果您希望查詢其他基本面更好的公司,則不要錯過具有高淨資產回報率和低債務的有趣公司免費列表,或者這個預計所有股票都會增長的股票列表。

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.

對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
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。


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