We Think Alpha Metallurgical Resources (NYSE:AMR) Might Have The DNA Of A Multi-Bagger
We Think Alpha Metallurgical Resources (NYSE:AMR) Might Have The DNA Of A Multi-Bagger
What trends should we look for it we want to identify stocks that can 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. 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 the ROCE trend of Alpha Metallurgical Resources (NYSE:AMR) we really liked what we saw.
我们应该寻找哪些趋势?我们想确定可以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。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,当我们查看阿尔法冶金资源(纽约证券交易所代码:AMR)的投资回报率趋势时,我们真的很喜欢我们所看到的。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(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. Analysts use this formula to calculate it for Alpha Metallurgical Resources:
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。分析师使用这个公式来计算 Alpha 冶金资源:
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)
0.32 = US$686m ÷ (US$2.5b - US$341m) (Based on the trailing twelve months to March 2024).
0.32 = 6.86亿美元 ÷(25亿美元-3.41亿美元) (基于截至2024年3月的过去十二个月)。
So, Alpha Metallurgical Resources has an ROCE of 32%. That's a fantastic return and not only that, it outpaces the average of 9.1% earned by companies in a similar industry.
因此,Alpha Metallurgical Resources的投资回报率为32%。这是一个了不起的回报,不仅如此,它还超过了同类行业公司9.1%的平均收入。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240528/0-90a1e9ab652320b1f6cc4d307b9f952d-0-fb376dda511daeaa18301026b4faa38b.png/big)
Above you can see how the current ROCE for Alpha Metallurgical Resources compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Alpha Metallurgical Resources for free.
上面你可以看到Alpha Metallurgical Resources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。如果你愿意,你可以免费查看报道阿尔法冶金资源的分析师的预测。
So How Is Alpha Metallurgical Resources' ROCE Trending?
那么,阿尔法冶金资源的投资回报率趋势如何?
Alpha Metallurgical Resources has not disappointed with their ROCE growth. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 299% in that same time. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. 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.
Alpha Metallurgical Resources对其投资回报率的增长并未更具体地说,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299%。因此,由于所使用的资本没有太大变化,该企业现在很可能正在从过去的投资中获得全部收益。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。
What We Can Learn From Alpha Metallurgical Resources' ROCE
我们可以从Alpha Metallurgical Resources的ROCE中学到什么
As discussed above, Alpha Metallurgical Resources appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if Alpha Metallurgical Resources can keep these trends up, it could have a bright future ahead.
如上所述,Alpha Metallurgical Resources似乎越来越擅长创造回报,因为资本使用量保持平稳,但收益(不计利息和税收)有所增加。而且,由于该股在过去五年中表现异常出色,投资者正在考虑这些模式。有鉴于此,我们认为值得进一步研究这只股票,因为如果Alpha Metallurgical Resources能够保持这些趋势,它可能会有一个光明的未来。
Alpha Metallurgical Resources does come with some risks though, we found 3 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...
但是,Alpha Metallurgical Resources确实存在一些风险,我们在投资分析中发现了3个警告信号,其中一个让我们有点不舒服...
Alpha Metallurgical Resources is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.
阿尔法冶金资源并不是唯一获得高回报的股票。如果您想了解更多,请查看我们的免费公司名单,列出了基本面稳健且具有高股本回报率的公司。
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。