Return Trends At Under Armour (NYSE:UAA) Aren't Appealing
Return Trends At Under Armour (NYSE:UAA) Aren't Appealing
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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after investigating Under Armour (NYSE:UAA), we don't think it's current trends fit the mold of a multi-bagger.
你知道有一些財務指標可以提供潛在的高收益股投資線索嗎?一個常用的方法是尋找返回受僱資本(ROCE)逐漸增長的公司,同時獲得資本僱用的增長.簡單來說,這些類型的企業是複合機器,這意味着他們不斷地以越來越高的回報率不斷地再投資他們的收益。然而,調查Under Armour (NYSE:UAA)之後,我們認爲它當前的趨勢並不符合多倍增長的模式。
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。
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 Under Armour, this is the formula:
如果您以前沒有使用過ROCE,ROCE衡量公司從其業務中使用的資本所產生的「回報」(稅前利潤)。要爲Under Armour計算這個指標,這是公式:
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。
0.071 = US$222m ÷ (US$4.9b - US$1.7b) (Based on the trailing twelve months to June 2024).
0.071 = US $ 22200萬 ÷(US $ 49億- US $ 1.7b)(基於截至2024年6月的過去十二個月)。
Therefore, Under Armour has an ROCE of 7.1%. In absolute terms, that's a low return and it also under-performs the Luxury industry average of 13%.
因此,Under Armour的ROCE爲7.1%。就絕對收益而言,這是一種較低的收益,並且表現不及13%的奢侈品行業平均水平。
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Above you can see how the current ROCE for Under Armour 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 Under Armour for free.
上面您可以看到Under Armour目前的ROCE與之前的資本回報率相比,但是您無法從過去得出太多結論。如果您願意,您可以免費查看分析師對Under Armour的預測。
So How Is Under Armour's ROCE Trending?
那麼,Under Armour的ROCE趨勢如何?
There hasn't been much to report for Under Armour's returns and its level of capital employed because both metrics have been steady for the past five years. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. So unless we see a substantial change at Under Armour in terms of ROCE and additional investments being made, we wouldn't hold our breath on it being a multi-bagger.
過去五年中,Under Armour的回報和資本僱用水平都保持穩定,因此沒有太多報告。當我們看一個成熟而穩定的企業,它不是因爲它已經通過了業務週期的這個階段而不再重新投資它的收益。因此,除非我們看到Under Armour在ROCE和額外的投資方面出現實質性的變化,否則我們不認爲它是一個多倍增長的股票。
Our Take On Under Armour's ROCE
我們對Under Armour的ROCE的看法
In summary, Under Armour isn't compounding its earnings but is generating stable returns on the same amount of capital employed. And investors appear hesitant that the trends will pick up because the stock has fallen 58% in the last five years. Therefore based on the analysis done in this article, we don't think Under Armour has the makings of a multi-bagger.
總之,Under Armour沒有複合其收益,但對相同數量的資本所僱用產生穩定的回報。由於股票在過去五年中下跌了58%,投資者看起來對趨勢會上升的前景持懷疑態度。因此,根據本文分析,我們認爲Under Armour沒有成爲多倍增長的股票的潛質。
Under Armour could be trading at an attractive price in other respects, so you might find our free intrinsic value estimation for UAA on our platform quite valuable.
在其他方面,Under Armour的股價可能處於有利地位,因此您可能會發現我們平台上UAA的免費內在價值估算非常有價值。
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.
如果您想尋找財務狀況良好、回報卓越的實力強企業,可以免費查看以下公司列表。
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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。