NetScout Systems (NASDAQ:NTCT) Is Doing The Right Things To Multiply Its Share Price
NetScout Systems (NASDAQ:NTCT) Is Doing The Right Things To Multiply Its Share Price
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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 on that note, NetScout Systems (NASDAQ:NTCT) looks quite promising in regards to its trends of return on capital.
如果我们想找到一只股票,在长期内可能会成倍增长,我们应该关注哪些潜在趋势呢?通常情况下,我们会注意增长的资本使用回报(ROCE)的趋势,以及与此同时增长的资本使用基数。如果你看到这一点,通常意味着这是一家拥有出色业务模式和许多有利可图的再投资机会的公司。因此,从这个角度来看,NetScout Systems(纳斯达克代码:NTCT)在资本回报率的趋势上看起来相当有前景。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法:正如我们上面看到的,Enphase Energy 的资本回报率没有提高,但它正在重新投资于业务。投资者必须认为未来会有更好的前景,因为股票表现良好,使持股五年以上的股东获得了 690% 的收益。最终,如果基本趋势持续存在,我们不会对它成为一只多头股持有期很久很有信心。
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for NetScout Systems, this is the formula:
只是为了澄清如果你不确定,ROCE是评估公司在其业务中投资的资本所获得的税前收入的度量标准。为了计算NetScout Systems的这个指标,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资本利用率 = 利息和税前利润(EBIT) ÷ (总资产 - 流动负债)
0.022 = US$38m ÷ (US$2.1b - US$347m) (Based on the trailing twelve months to September 2024).
0.022 = 3800万美元 ÷ (21亿美元 - 3.47亿美元)(基于2024年9月的过去十二个月)。
Therefore, NetScout Systems has an ROCE of 2.2%. Ultimately, that's a low return and it under-performs the Communications industry average of 9.1%.
因此,NetScout Systems的ROCE为2.2%。最终,这是一个较低的回报率,低于通信行业平均水平9.1%。
Above you can see how the current ROCE for NetScout Systems 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 NetScout Systems for free.
以上是网侦系统当前资本回报率(ROCE)与其先前资本回报的比较,但从过去只能得出有限的结论。 如果您愿意,您可以免费查看覆盖网侦系统的分析师的预测。
What Does the ROCE Trend For NetScout Systems Tell Us?
网侦系统的资本回报率(ROCE)趋势告诉我们什么?
It's nice to see that ROCE is headed in the right direction, even if it is still relatively low. We found that the returns on capital employed over the last five years have risen by 443%. That's a very favorable trend because this means that the company is earning more per dollar of capital that's being employed. In regards to capital employed, NetScout Systems appears to been achieving more with less, since the business is using 37% less capital to run its operation. A business that's shrinking its asset base like this isn't usually typical of a soon to be multi-bagger company.
看到资本回报率(ROCE)朝着正确的方向发展是件好事,即使目前仍然相对较低。 我们发现过去五年来,资本运作回报率上升了443%。 这是一个非常有利的趋势,因为这意味着公司每投入一美元的资本就能赚取更多。 就资本运作而言,网侦系统似乎在用更少的资本实现更多,因为企业使用的资本减少了37%来运行其业务。 这种缩减资产基础的企业通常不是即将成为多袋公司的典型。
The Bottom Line On NetScout Systems' ROCE
网侦系统资本回报率(ROCE)的要点
In the end, NetScout Systems has proven it's capital allocation skills are good with those higher returns from less amount of capital. Given the stock has declined 11% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. With that in mind, we believe the promising trends warrant this stock for further investigation.
最后,网侦系统已证明其资本配置技能良好,获得了更少资本的更高回报。 考虑到过去五年股价下跌了11%,如果估值和其他指标也具吸引力,这可能是一次不错的投资。 考虑到这一点,我们相信有望的趋势值得进一步调查该股。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for NTCT that compares the share price and estimated value.
然而,在得出任何结论之前,我们需要知道当前股价能为我们提供什么价值。 在这里,您可以查看我们免费提供的NTCt内在价值估算,比较股价和估值。
While NetScout Systems isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然网侦系统并非获得最高回报率,但可以查看这份免费的公司列表,这些公司在股本结构方面获得高回报率,具有稳固的资产负债表。
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