ADT (NYSE:ADT) Is Doing The Right Things To Multiply Its Share Price
ADT (NYSE:ADT) Is Doing The Right Things To Multiply Its Share Price
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at ADT (NYSE:ADT) and its trend of ROCE, we really liked what we saw.
我们应该寻找哪些早期趋势来确定一只可能长期价值成倍增长的股票?首先,我们想找一个正在成长的 返回 关于已用资本(ROCE),然后除此之外,还不断增加 基础 所用资本的比例。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。因此,当我们研究ADT(纽约证券交易所代码:ADT)及其投资回报率的趋势时,我们真的很喜欢我们所看到的。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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. Analysts use this formula to calculate it for ADT:
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。分析师使用以下公式计算 ADT:
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)
0.07 = US$1.1b ÷ (US$17b - US$2.3b) (Based on the trailing twelve months to September 2023).
0.07 = 11亿美元 ÷(170亿美元-23亿美元) (基于截至2023年9月的过去十二个月)。
Thus, ADT has an ROCE of 7.0%. In absolute terms, that's a low return but it's around the Consumer Services industry average of 7.6%.
因此,ADT的投资回报率为7.0%。从绝对值来看,回报率很低,但约为消费者服务行业的平均水平7.6%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240222/0-6f0ea8812bde965315c81406fa154ae0-0-fb6e18170ad73903bd6548a8dd186156.png/big)
Above you can see how the current ROCE for ADT 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 ADT .
在上面你可以看到ADT当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果您有兴趣,可以在我们的免费ADT分析师报告中查看分析师的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
ADT is showing promise given that its ROCE is trending up and to the right. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 183% in that same time. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.
鉴于其投资回报率呈上升和向右趋势,ADT表现出希望。更具体地说,尽管该公司在过去五年中一直保持相对平稳的资本使用率,但同期投资回报率增长了183%。基本上,该业务正在从相同数量的资本中获得更高的回报,这证明了公司的效率有所提高。但是,值得更深入地研究这个问题,因为尽管提高业务效率是件好事,但这也可能意味着未来缺乏内部投资以实现有机增长的领域。
Our Take On ADT's ROCE
我们对ADT的投资回报率的看法
In summary, we're delighted to see that ADT has been able to increase efficiencies and earn higher rates of return on the same amount of capital. Since the total return from the stock has been almost flat over the last five years, there might be an opportunity here if the valuation looks good. With that in mind, we believe the promising trends warrant this stock for further investigation.
总而言之,我们很高兴看到ADT能够提高效率,并在相同金额的资本中获得更高的回报率。由于该股的总回报率在过去五年中几乎持平,因此如果估值看起来不错,这里可能会有机会。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。
One final note, you should learn about the 3 warning signs we've spotted with ADT (including 1 which is concerning) .
最后一点是,你应该了解我们在ADT中发现的3个警告信号(包括一个令人担忧的信号)。
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.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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。