News' (NASDAQ:NWSA) Returns Have Hit A Wall
News' (NASDAQ:NWSA) Returns Have Hit A Wall
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating News (NASDAQ:NWSA), we don't think it's current trends fit the mold of a multi-bagger.
要找到一只多袋股票,我们应该在一家企业中寻找什么潜在趋势?通常,我们会注意到一种增长的趋势退货关于已使用资本(ROCE)以及与之相伴随的是不断扩大的基地已动用资本的比例。基本上,这意味着一家公司有盈利的举措,可以继续进行再投资,这是复合机器的一个特点。不过,经过调查,新闻纳斯达克(Sequoia Capital:NWSA),我们认为目前的趋势不符合多袋子业务的模式。
Understanding Return On Capital Employed (ROCE)
了解资本回报率(ROCE)
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for News:
对于那些不知道的人来说,ROCE是一家公司的年度税前利润(其回报)相对于业务资本的衡量标准。分析人士使用以下公式来计算新闻:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率=息税前收益(EBIT)?(总资产-流动负债)
0.052 = US$710m ÷ (US$17b - US$3.2b) (Based on the trailing twelve months to June 2023).
0.052美元=7.1亿美元(170亿-32亿美元)(根据截至2023年6月的往绩12个月计算)。
So, News has an ROCE of 5.2%. In absolute terms, that's a low return and it also under-performs the Media industry average of 8.8%.
所以,新闻的净资产收益率为5.2%。按绝对值计算,这是一个较低的回报率,也低于媒体行业8.8%的平均水平。
See our latest analysis for News
查看我们对新闻的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231029/0-54d26380ef256be259dd869c093d8948-0-8cf46aae9121729d8222dfdc212af226.png/big)
Above you can see how the current ROCE for News 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 News here for free.
在上面,你可以看到新闻集团目前的净资产收益率与之前的资本回报率相比如何,但你只能从过去了解到这么多。如果你愿意,你可以查看这里报道新闻的分析师的预测免费的。
How Are Returns Trending?
回报趋势如何?
Things have been pretty stable at News, with its capital employed and returns on that capital staying somewhat the same for the last 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 News in terms of ROCE and additional investments being made, we wouldn't hold our breath on it being a multi-bagger.
新闻集团的情况一直相当稳定,过去五年,其已动用资本和资本回报率保持不变。当一家成熟而稳定的企业没有对其收益进行再投资时,这种情况并不少见,因为它很可能已经度过了商业周期的那个阶段。因此,除非我们看到News在ROCE方面有实质性的变化,并进行额外的投资,否则我们不会对它是一个多袋子的公司屏息以待。
What We Can Learn From News' ROCE
我们可以从新闻的ROCE中学到什么
We can conclude that in regards to News' returns on capital employed and the trends, there isn't much change to report on. Although the market must be expecting these trends to improve because the stock has gained 63% over the last five years. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.
我们可以得出结论,就News的资本回报率和趋势而言,没有太大的变化可以报道。尽管市场肯定预计这些趋势会改善,因为该股在过去五年中上涨了63%。然而,除非这些潜在趋势变得更加积极,否则我们不会抱太大希望。
If you want to continue researching News, you might be interested to know about the 3 warning signs that our analysis has discovered.
如果您想继续研究新闻,您可能会有兴趣了解有关3个警示标志我们的分析发现。
While News isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然新闻并没有获得最高的回报,但看看这个免费资产负债表稳健、股本回报率高的公司名单。
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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.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。