NextEra Energy (NYSE:NEE) Has More To Do To Multiply In Value Going Forward
NextEra Energy (NYSE:NEE) Has More To Do To Multiply In Value Going Forward
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating NextEra Energy (NYSE:NEE), we don't think it's current trends fit the mold of a multi-bagger.
要找到一個多倍股票,我們在一個企業中應該尋找哪些潛在趨勢?理想情況下,一個企業將展示兩個趨勢;首先是不斷增長的資本僱用回報率(ROCE),其次是不斷增加的資本僱用量。最終,這表明這是一個以遞增的回報率將利潤再投資的企業。然而,經過調查NextEra Energy(NYSE:NEE),我們認爲它的當前趨勢不符合多倍股票的模式。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法:正如我們上面看到的,Enphase Energy 的資本回報率沒有提高,但它正在重新投資於業務。投資者必須認爲未來會有更好的前景,因爲股票表現良好,使持股五年以上的股東獲得了 690% 的收益。最終,如果基本趨勢持續存在,我們不會對它成爲一隻多頭股持有期很久很有信心。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on NextEra Energy is:
如果您以前沒有使用過ROCE,它衡量的是一家公司從其業務中使用的資本所產生的'回報'(稅前利潤)。NextEra Energy的計算公式如下:
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。
0.05 = US$7.9b ÷ (US$185b - US$26b) (Based on the trailing twelve months to June 2024).
0.05 = 7900000000美元 ÷ (185000000000美元 - 26000000000美元) (基於截至2024年6月的過去12個月)。
Thus, NextEra Energy has an ROCE of 5.0%. Even though it's in line with the industry average of 4.7%, it's still a low return by itself.
因此,NextEra Energy的ROCE爲5.0%。即使它與行業平均水平4.7%相符,它仍然是一個較低的回報。
![1725115196440](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240831/43150858-0-eb1ecc2eff763aad04bdcd3f532786ff.webp/bigjpg)
In the above chart we have measured NextEra Energy's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering NextEra Energy for free.
在上面的圖表中,我們測量了NextEra Energy以前的ROCE與其以前的業績,但未來可能更重要。如果您願意,您可以免費查看覆蓋NextEra Energy的分析師的預測。
What Can We Tell From NextEra Energy's ROCE Trend?
從NextEra Energy的ROCE趨勢中我們可以得出什麼結論?
The returns on capital haven't changed much for NextEra Energy in recent years. The company has employed 65% more capital in the last five years, and the returns on that capital have remained stable at 5.0%. 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.
對於NextEra Energy來說,資本回報率(ROCE)在近年來並沒有發生很大變化。公司在過去五年中增加了65%的資本,而這些資本的回報率保持在5.0%的穩定水平。這種較低的ROCE並不能給人帶來信心,而且隨着資本投入的增加,很明顯該企業並未將資金投入高回報的投資中。
Our Take On NextEra Energy's ROCE
對於NextEra Energy的ROCE,我們的看法是
Long story short, while NextEra Energy has been reinvesting its capital, the returns that it's generating haven't increased. Since the stock has gained an impressive 64% over the last five years, investors must think there's better things to come. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high.
長話短說,雖然NextEra Energy一直在重新投資其資本,但其所獲得的回報並沒有增加。由於該股票在過去五年中大幅上漲了64%,投資者必定認爲還有更好的前景。但是如果這些潛在趨勢繼續下去,我們認爲從現在開始翻倍的可能性不高。
NextEra Energy does have some risks, we noticed 2 warning signs (and 1 which can't be ignored) we think you should know about.
NextEra Energy確實存在一些風險,我們注意到了2個警示信號(以及1個不容忽視的信號),我們認爲您應該知道。
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.
Hao Tian International Construction Investment Group確實存在一些風險,我們已經發現了一條警示標誌,你可能會感興趣。對於那些喜歡投資於實力雄厚的公司的人,可以查看這個由財務狀況強大、股本回報率高的公司組成的免費列表。
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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。