Full Truck Alliance (NYSE:YMM) Is Doing The Right Things To Multiply Its Share Price
Full Truck Alliance (NYSE:YMM) Is Doing The Right Things To Multiply Its Share Price
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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 Full Truck Alliance (NYSE:YMM) so let's look a bit deeper.
要找到一隻多袋股票,我們應該在企業中尋找哪些潛在趨勢?一種常見的方法是嘗試找到一傢俱有以下條件的公司 回報 論資本使用率(ROCE)在增加的同時增長 金額 所用資本的比例。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。考慮到這一點,我們注意到全卡車聯盟(紐約證券交易所代碼:YMM)的一些令人鼓舞的趨勢,所以讓我們更深入地了解一下。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率(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 Full Truck Alliance, this is the formula:
如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。要計算全卡車聯盟的這個指標,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)
0.023 = CN¥808m ÷ (CN¥39b - CN¥3.1b) (Based on the trailing twelve months to September 2023).
0.023 = 8.08億元人民幣 ÷(39億元人民幣-31億元人民幣) (基於截至2023年9月的過去十二個月)。
So, Full Truck Alliance has an ROCE of 2.3%. In absolute terms, that's a low return and it also under-performs the Transportation industry average of 9.2%.
因此,全卡車聯盟的投資回報率爲2.3%。從絕對值來看,回報率很低,也低於運輸行業9.2%的平均水平。
View our latest analysis for Full Truck Alliance
查看我們對全卡車聯盟的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240114/0-fe99c66953f345ed8c078bfcb1505ca0-0-1fd7538de694bf6b74e80e6dac19b7ce.png/big)
Above you can see how the current ROCE for Full Truck Alliance 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 report for Full Truck Alliance.
上面你可以看到全卡車聯盟當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果你想了解分析師對未來的預測,你應該查看我們的全卡車聯盟免費報告。
How Are Returns Trending?
退貨趨勢如何?
We're delighted to see that Full Truck Alliance is reaping rewards from its investments and is now generating some pre-tax profits. Shareholders would no doubt be pleased with this because the business was loss-making three years ago but is is now generating 2.3% on its capital. In addition to that, Full Truck Alliance is employing 154% more capital than previously which is expected of a company that's trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.
我們很高興看到Full Truck Alliance正在從其投資中獲得回報,現在正在產生一些稅前利潤。毫無疑問,股東們會對此感到滿意,因爲該企業在三年前虧損,但現在的資本收益爲2.3%。除此之外,Full Truck Alliance僱用的資本比以前增加了154%,這是一家試圖實現盈利的公司的預期。這可能表明,有很多機會在內部進行資本投資,並以更高的利率進行資本投資,這兩者都是多袋投資者的共同特徵。
The Bottom Line On Full Truck Alliance's ROCE
Full Truck Alliance 的 ROCE 的底線
To the delight of most shareholders, Full Truck Alliance has now broken into profitability. And since the stock has fallen 30% over the last year, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified.
令大多數股東高興的是,Full Truck Alliance現已實現盈利。而且,由於該股在去年下跌了30%,因此這裏可能有機會。因此,進一步研究這家公司並確定這些趨勢是否會持續下去似乎是合理的。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation on our platform that is definitely worth checking out.
在投資回報率的另一面,我們必須考慮估值。這就是爲什麼我們在平台上提供了免費的內在價值估算值的原因,這絕對值得一試。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。
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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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Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。