Investors Shouldn't Overlook MSA Safety's (NYSE:MSA) Impressive Returns On Capital
Investors Shouldn't Overlook MSA Safety's (NYSE:MSA) Impressive Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at the ROCE trend of MSA Safety (NYSE:MSA) we really liked what we saw.
如果我們想找到一隻可長期開多的股票,我們應該尋找哪些基本趨勢?除其他事項外,我們還想看到兩件事情;首先,資本僱用率(ROCE)增長,並且其次,公司僱用的資本金額也在擴大。這向我們展示了它是一個複合機器,能夠不斷將其收益再投入企業併產生更高的回報。因此,當我們看了MSA安全(NYSE:MSA)的ROCE趨勢時,我們真的很喜歡我們所看到的。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較,但過去只能知道這麼多。如果您感興趣,可以查看我們免費的蒙托克可再生能源分析師報告,了解分析師的預測。
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. To calculate this metric for MSA Safety, this is the formula:
對於那些不確定ROCE是什麼的人,它衡量公司在其業務中僱用的資本所能產生的稅前利潤額。要爲MSA安全計算此指標,這是這個公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率(ROCE)是指企業利潤,即企業稅前利潤除以企業投入的總資本(負債加股權)。如果ROCE高於企業財務成本的承受能力,那麼企業就會創造出更多的價值。
0.22 = US$414m ÷ (US$2.2b - US$317m) (Based on the trailing twelve months to March 2024).
0.22 = 4.14億美元 ÷(22億美元 - 3.17億美元)(截至2024年3月的過去十二個月)。因此,MSA安全的ROCE爲22%。這是一個很棒的回報,不僅如此,它還超過了類似行業公司所賺取的平均9.8%。
Thus, MSA Safety has an ROCE of 22%. That's a fantastic return and not only that, it outpaces the average of 9.8% earned by companies in a similar industry.
紐交所:MSA安全ROCE 2024年7月22日。在上圖中,我們衡量了MSA安全的ROCE對其之前的表現,但未來可能更重要。如果您想查看分析師預測的未來走勢,您應該查看我們爲MSA安全提供的免費分析師報告。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240722/0-353a9665db3794b90a2c240a84d713d0-0-67d515e4c2ac3ba8e42b07f5796dd6df.png/big)
In the above chart we have measured MSA Safety's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for MSA Safety .
在上面的圖表中,我們衡量了MSA安全之前的ROCE與其之前的表現,但未來可能更重要。如果您想了解分析師對未來的預測,您應該查看我們爲MSA安全提供的免費分析師報告。
What Does the ROCE Trend For MSA Safety Tell Us?
MSA安全的ROCE趨勢告訴我們什麼?
We like the trends that we're seeing from MSA Safety. Over the last five years, returns on capital employed have risen substantially to 22%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 32%. So we're very much inspired by what we're seeing at MSA Safety thanks to its ability to profitably reinvest capital.
我們喜歡看到從MSA安全看到的趨勢。在過去的五年中,資本僱用回報率大幅上升至22%。該公司有效地賺取每美元使用的資本,值得注意的是,資本金額也增加了32%。因此,由於其賺取資本的能力,我們對MSA安全所看到的內容非常受啓發。
The Bottom Line On MSA Safety's ROCE
MSA安全的ROCE底線是什麼?
In summary, it's great to see that MSA Safety can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 92% return over the last five years. In light of that, we think it's worth looking further into this stock because if MSA Safety can keep these trends up, it could have a bright future ahead.
總之,很高興看到MSA安全可以通過以遞增的回報率不斷地再投資而複合收益,因爲這些是那些備受追捧的多重投資者的關鍵要素之一。由於在過去的五年中,該股票回報了92%的股東回報率,因此投資者似乎對其未來有更高的期望。鑑於此,我們認爲值得進一步研究這隻股票,因爲如果MSA安全能夠繼續保持這些趨勢,它可能會擁有一個輝煌明天。
On a separate note, we've found 2 warning signs for MSA Safety you'll probably want to know about.
另外,我們爲MSA安全找到了2個警告跡象,您可能想知道。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回報率是強勁表現的關鍵因素,因此請查看我們的免費股票列表,其中列出了盈利能力強、資產負債表堅實的股票。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。