Returns At Franklin Electric (NASDAQ:FELE) Are On The Way Up
Returns At Franklin Electric (NASDAQ:FELE) Are On The Way Up
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, we've noticed some promising trends at Franklin Electric (NASDAQ:FELE) so let's look a bit deeper.
我們應該尋找哪些早期趨勢來識別一隻可能在長期內成倍增值的股票?在一個完美的世界裡,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中賺取的回報也在增加。簡而言之,這些類型的企業是複利機器,這意味著它們不斷地以越來越高的回報率對收益進行再投資。考慮到這一點,我們在以下方面注意到一些有希望的趨勢富蘭克林電氣(納斯達克:FELE)所以讓我們看得更深一點。
What Is Return On Capital Employed (ROCE)?
什麼是資本回報率(ROCE)?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Franklin Electric, this is the formula:
如果你以前沒有使用過ROCE,它衡量的是一家公司從業務資本中獲得的“回報”(稅前利潤)。要計算富蘭克林電氣的這一指標,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率=息稅前收益(EBIT)?(總資產-流動負債)
0.19 = US$266m ÷ (US$1.8b - US$433m) (Based on the trailing twelve months to June 2023).
0.19=2.66億美元?(18億-4.33億美元)(根據截至2023年6月的往績12個月計算)。
Thus, Franklin Electric has an ROCE of 19%. On its own, that's a standard return, however it's much better than the 12% generated by the Machinery industry.
因此,富蘭克林電氣的淨資產收益率為19%。就其本身而言,這是一個標準的回報率,但它比機械行業12%的回報率要好得多。
See our latest analysis for Franklin Electric
查看我們對富蘭克林電氣的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20230915/0-14308bed28d3b89fb6383b865e22ea2c-0-291d64a47a3cb153d0f66d3348e0578b.png/big)
Above you can see how the current ROCE for Franklin Electric 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 Franklin Electric here for free.
在上面,你可以看到富蘭克林電氣目前的淨資產收益率與之前的資本回報率相比,但你只能從過去知道這麼多。如果你願意,你可以查看這裡報道富蘭克林電氣的分析師的預測免費的。
The Trend Of ROCE
ROCE的發展趨勢
Franklin Electric is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 19%. Basically the business is earning more per dollar of capital invested and in addition to that, 51% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
富蘭克林電氣正顯示出一些積極的趨勢。數據顯示,過去五年,資本回報率大幅上升至19%。基本上,企業每投入一美元資本就能賺到更多的錢,除此之外,現在使用的資本也增加了51%。越來越多的資本帶來越來越多的回報,這在多頭投資者中很常見,這就是為什麼我們對此印象深刻。
What We Can Learn From Franklin Electric's ROCE
我們可以從富蘭克林電氣的ROCE中學到什麼
All in all, it's terrific to see that Franklin Electric is reaping the rewards from prior investments and is growing its capital base. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 99% return over the last five years. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
總而言之,看到富蘭克林電氣從之前的投資中獲得回報,並正在擴大其資本基礎,這是一件非常棒的事情。投資者似乎預計未來會出現更多這樣的情況,因為過去五年,該股為股東帶來了99%的回報。話雖如此,我們仍然認為,前景看好的基本面意味著該公司值得進行進一步的盡職調查。
Franklin Electric does have some risks though, and we've spotted 1 warning sign for Franklin Electric that you might be interested in.
不過,富蘭克林電氣確實存在一些風險,我們已經發現富蘭克林電氣的1個警告標誌你可能會感興趣的。
While Franklin Electric 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.
雖然富蘭克林電氣目前可能沒有獲得最高的回報,但我們已經編制了一份目前股本回報率超過25%的公司名單。看看這個免費在這裡列出。
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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.
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本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.