SolarWinds (NYSE:SWI) Is Doing The Right Things To Multiply Its Share Price
SolarWinds (NYSE:SWI) Is Doing The Right Things To Multiply Its Share Price
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at SolarWinds (NYSE:SWI) and its trend of ROCE, we really liked what we saw.
如果我们想找到潜在的多袋装袋机,通常有一些潜在的趋势可以提供线索。除其他外,我们希望看到两件事;首先,成长 返回 论资本使用率(ROCE),其次是公司的扩张 金额 所用资本的比例。如果你看到这一点,这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。因此,当我们研究SolarWinds(纽约证券交易所代码:SWI)及其投资回报率趋势时,我们真的很喜欢我们所看到的。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on SolarWinds is:
对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。在 SolarWinds 上进行此计算的公式为:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)
0.074 = US$202m ÷ (US$3.2b - US$436m) (Based on the trailing twelve months to September 2023).
0.074 = 2.02 亿美元 ÷(32 亿美元-4.36 亿美元) (基于截至2023年9月的过去十二个月)。
Thus, SolarWinds has an ROCE of 7.4%. In absolute terms, that's a low return but it's around the Software industry average of 7.7%.
因此,SolarWinds的投资回报率为7.4%。从绝对值来看,回报率很低,但约为软件行业的平均水平7.7%。
See our latest analysis for SolarWinds
查看我们对 SolarWinds 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240114/0-ab96cb4da252b1ea0da13001e342ea80-0-79b0d372007d83b34866aec8273a0b70.png/big)
In the above chart we have measured SolarWinds' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering SolarWinds here for free.
在上图中,我们将SolarWinds先前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果你愿意,可以在这里免费查看分析师对SolarWinds的预测。
The Trend Of ROCE
ROCE 的趋势
You'd find it hard not to be impressed with the ROCE trend at SolarWinds. The data shows that returns on capital have increased by 239% over the trailing five years. That's a very favorable trend because this means that the company is earning more per dollar of capital that's being employed. Speaking of capital employed, the company is actually utilizing 43% less than it was five years ago, which can be indicative of a business that's improving its efficiency. A business that's shrinking its asset base like this isn't usually typical of a soon to be multi-bagger company.
你会发现SolarWinds的投资回报率趋势很难不给你留下深刻的印象。数据显示,在过去五年中,资本回报率增长了239%。这是一个非常有利的趋势,因为这意味着公司每使用1美元资本的收入就会增加。说到使用的资本,该公司的利用率实际上比五年前减少了43%,这可能表明企业正在提高效率。像这样缩小资产基础的企业对于即将成为多袋公司来说通常并不常见。
In Conclusion...
总之...
In summary, it's great to see that SolarWinds has been able to turn things around and earn higher returns on lower amounts of capital. Astute investors may have an opportunity here because the stock has declined 28% in the last five years. With that in mind, we believe the promising trends warrant this stock for further investigation.
总而言之,很高兴看到SolarWinds能够扭转局面,用较少的资本获得更高的回报。精明的投资者可能在这里有机会,因为该股在过去五年中下跌了28%。考虑到这一点,我们认为前景乐观的趋势值得对该股进行进一步调查。
If you want to continue researching SolarWinds, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果您想继续研究SolarWinds,您可能有兴趣了解我们的分析发现的1个警告信号。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。