Pinterest (NYSE:PINS) Is Experiencing Growth In Returns On Capital
Pinterest (NYSE:PINS) Is Experiencing Growth In Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing 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. With that in mind, we've noticed some promising trends at Pinterest (NYSE:PINS) so let's look a bit deeper.
如果你正在寻找一个潜力巨大的股票,有几个要点需要留意。一个常见的方法是尝试找到一个资本回报率(ROCE)逐渐增加的公司,并伴随着资本的不断增长。如果你看到这一点,通常意味着这是一个具有极佳商业模式和充足盈利再投资机会的公司。考虑到这一点,我们注意到Pinterest(纽约证券交易所:PINS)有一些令人期待的趋势,让我们深入了解一下。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源现行ROCE与之前资本回报的比较,但过去只能知道这么多。如果您感兴趣,可以查看我们免费的蒙托克可再生能源分析师报告,了解分析师的预测。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Pinterest:
如果你以前没有接触过ROCE,它衡量的是公司从经营中使用的资本中产生的‘回报’(税前利润)。分析师使用此公式来计算Pinterest的ROCE:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率(ROCE)是指企业利润,即企业税前利润除以企业投入的总资本(负债加股权)。如果ROCE高于企业财务成本的承受能力,那么企业就会创造出更多的价值。
0.072 = US$242m ÷ (US$3.7b - US$368m) (Based on the trailing twelve months to June 2024).
0.072 = 24200万美元 ÷(37亿美元 - 3.68亿美元)(基于2024年6月的过去十二个月)。
So, Pinterest has an ROCE of 7.2%. On its own, that's a low figure but it's around the 6.3% average generated by the Interactive Media and Services industry.
因此,Pinterest的ROCE为7.2%。单独看,这个数字较低,但大致等于互动媒体和服务行业平均值6.3%。
Above you can see how the current ROCE for Pinterest compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Pinterest .
在上面,您可以看到Pinterest当前的资本回报率与其之前的资本回报率相比,但仅凭过去的数据是无法得出太多结论的。如果您想了解分析师对未来的预测,您应该查看我们为Pinterest提供的免费分析师报告。
What The Trend Of ROCE Can Tell Us
尽管如此,当我们看 enphase energy (纳斯达克股票代码:ENPH) 的时候,它似乎并没有完全符合这些要求。
The fact that Pinterest is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 7.2% which is a sight for sore eyes. In addition to that, Pinterest is employing 50% more capital than previously which is expected of a company that's trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance.
Pinterest现在从之前的投资中获得了一些税前利润,这是非常令人鼓舞的。五年前,该公司亏损,但现在却赚取了7.2%,这是一个令人欣慰的迹象。除此之外,Pinterest比以前多使用了50%的资本,这是一家试图实现盈利的公司所期望的。我们喜欢这个趋势,因为它告诉我们该公司有盈利的再投资机会,如果它继续下去,可能会带来多重收益。
The Bottom Line On Pinterest's ROCE
Pinterest资本回报率的底线
Long story short, we're delighted to see that Pinterest's reinvestment activities have paid off and the company is now profitable. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 28% to shareholders. Given that, we'd look further into this stock in case it has more traits that could make it multiply in the long term.
长话短说,我们很高兴看到Pinterest的再投资活动取得了成功,公司现在已经盈利了。投资者可能还没有对有利的基本趋势感到满意,因为在过去的五年里,该股票仅为股东们带来了28%的回报。鉴于这一点,我们将进一步研究该股票,以查看其是否具有更多能使其长期成倍增长的特质。
Pinterest does have some risks though, and we've spotted 2 warning signs for Pinterest that you might be interested in.
Pinterest确实存在一些风险,我们已经发现了2个对Pinterest可能感兴趣的警示信号。
While Pinterest may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
虽然Pinterest目前可能没有获得最高回报,但我们已经整理了一份目前获得25%以上股本回报的公司名单。在这里查看这份免费名单。
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