Returns On Capital At Sportradar Group (NASDAQ:SRAD) Have Stalled
Returns On Capital At Sportradar Group (NASDAQ:SRAD) Have Stalled
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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. However, after briefly looking over the numbers, we don't think Sportradar Group (NASDAQ:SRAD) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
你知道有一些财务指标可以提供潜在多倍收益股的线索吗?一种常见的方法是寻找那些资本回报率(ROCE)正在上升,并且使用的资本量在增长的公司。如果你看到了这一点,通常意味着这是一家拥有优秀商业模式和大量盈利再投资机会的公司。然而,在简单审视这些数字后,我们认为Sportradar Group(纳斯达克:SRAD)未来并不具备成为多倍收益股的潜力,但让我们来看看原因。
Return On Capital Employed (ROCE): What Is It?
资本回报率(ROCE):它是什么?
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Sportradar Group:
对于那些不确定ROCE是什么的人,它衡量了一家公司从其业务所使用的资本中可以产生的税前利润。分析师使用以下公式计算Sportradar Group的ROCE:
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)
0.057 = €109m ÷ (€2.3b - €369m) (Based on the trailing twelve months to September 2024).
0.057 = €10900万 ÷ (€23亿 - €369m)(基于截至2024年9月的过去十二个月数据)。
Therefore, Sportradar Group has an ROCE of 5.7%. In absolute terms, that's a low return and it also under-performs the Hospitality industry average of 9.0%.
因此,Sportradar Group的ROCE为5.7%。在绝对值上,这是一个低回报,同时也低于酒店行业的平均水平9.0%。
In the above chart we have measured Sportradar Group's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Sportradar Group .
在上面的图表中,我们测量了Sportradar Group此前的资本回报率与其过去的表现,但未来则更为重要。如果您感兴趣,可以在我们的免费分析师报告中查看Sportradar Group的分析师预测。
What The Trend Of ROCE Can Tell Us
ROCE的趋势可以告诉我们什么
The returns on capital haven't changed much for Sportradar Group in recent years. The company has consistently earned 5.7% for the last four years, and the capital employed within the business has risen 174% in that time. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
最近几年,Sportradar Group的资本回报率变化不大。该公司在过去四年中始终保持5.7%的收益率,而公司投入的资本在此期间增加了174%。这一低迷的资本回报率目前并没有让人感到信心,随着投入资本的增加,显然该业务并没有将资金投入高回报的投资中。
The Bottom Line
总结
Long story short, while Sportradar Group has been reinvesting its capital, the returns that it's generating haven't increased. Since the stock has declined 11% over the last three years, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.
长话短说,虽然Sportradar Group一直在重新投资其资本,但其产生的回报却没有增加。由于该股票在过去三年中下跌了11%,投资者可能对这一趋势改善也不太乐观。总体而言,我们对基本趋势并没有感到特别振奋,我们认为在其他地方可能会有更好的机会找到高倍回报的投资。
If you're still interested in Sportradar Group it's worth checking out our FREE intrinsic value approximation for SRAD to see if it's trading at an attractive price in other respects.
如果您仍然对Sportradar Group感兴趣,不妨查看一下我们提供的SRAD的免费内在价值估算,以查看在其他方面它是否以具有吸引力的价格交易。
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.
如果您想寻找具有良好收益的稳健公司,可以查看这份拥有良好资产负债表和令人印象深刻的股本回报率的免费公司列表。
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