share_log

Copart, Inc.'s (NASDAQ:CPRT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

Copart, Inc.'s (NASDAQ:CPRT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

Copart, Inc. 's(纳斯达克股票代码:CPRT)股票呈上升趋势:强劲的财务状况是否在引导市场?
Simply Wall St ·  2023/11/13 13:36

Copart's (NASDAQ:CPRT) stock is up by a considerable 11% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Copart's ROE today.

Copart(纳斯达克股票代码:CPRT)的股票在过去三个月中大幅上涨了11%。由于市场通常会为公司的长期基本面买单,因此我们决定研究公司的关键绩效指标,看看它们是否会影响市场。特别是,我们今天将关注Copart的投资回报率。

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

股本回报率或投资回报率是股东需要考虑的重要因素,因为它可以告诉他们资本再投资的有效性。简而言之,它用于评估公司相对于其股权资本的盈利能力。

View our latest analysis for Copart

查看我们对Copart的最新分析

How Do You Calculate Return On Equity?

你如何计算股本回报率?

Return on equity can be calculated by using the formula:

股本回报率可以使用以下公式计算:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

股本回报率 = 净利润(来自持续经营业务)÷ 股东权益

So, based on the above formula, the ROE for Copart is:

因此,根据上述公式,Copart的投资回报率为:

21% = US$1.2b ÷ US$6.0b (Based on the trailing twelve months to July 2023).

21% = 12亿美元 ¥60亿美元(基于截至2023年7月的过去十二个月)。

The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.21 in profit.

“回报” 是企业去年获得的收入。另一种思考方式是,公司每持有价值1美元的股权,就能获得0.21美元的利润。

What Has ROE Got To Do With Earnings Growth?

投资回报率与收益增长有什么关系?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。根据公司选择将多少利润进行再投资或 “保留”,我们便能够评估公司未来创造利润的能力。假设其他条件都一样,与功能不相同的公司相比,具有更高股本回报率和更高利润保留率的公司通常具有更高的增长率。

Copart's Earnings Growth And 21% ROE

Copart的收益增长和21%的投资回报率

To begin with, Copart seems to have a respectable ROE. Especially when compared to the industry average of 7.7% the company's ROE looks pretty impressive. Probably as a result of this, Copart was able to see a decent growth of 19% over the last five years.

首先,Copart的投资回报率似乎相当可观。尤其是与7.7%的行业平均水平相比,该公司的投资回报率看起来相当可观。可能正因为如此,Copart在过去五年中得以实现19%的可观增长。

As a next step, we compared Copart's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 9.7%.

下一步,我们将Copart的净收入增长与行业进行了比较,令人高兴的是,我们发现该公司的增长高于9.7%的行业平均增长。

past-earnings-growth
NasdaqGS:CPRT Past Earnings Growth November 13th 2023
纳斯达克:CPRT 过去的收益增长 2023 年 11 月 13 日

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Copart is trading on a high P/E or a low P/E, relative to its industry.

收益增长是估值股票时需要考虑的重要指标。投资者接下来需要确定的是,预期的收益增长或缺乏收益增长是否已经包含在股价中。这样做将帮助他们确定该股的未来是充满希望还是不祥。预期收益增长的一个很好的指标是市盈率,它决定了市场根据股票的收益前景愿意为股票支付的价格。因此,与其行业相比,你可能需要检查一下Copart的市盈率是高还是低市盈率。

Is Copart Making Efficient Use Of Its Profits?

Copart 是否在有效利用其利润?

Copart doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above.

Copart目前不支付任何股息,这本质上意味着它一直在将所有利润再投资于该业务。这无疑有助于我们上面讨论的收益增长数字。

Summary

摘要

Overall, we are quite pleased with Copart's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

总的来说,我们对Copart的表现感到非常满意。特别是,很高兴看到该公司正在对其业务进行大量投资,再加上高回报率,这使其收益大幅增长。话虽如此,正如当前分析师估计的那样,该公司的收益增长预计将放缓。要了解有关分析师对公司的最新预测的更多信息,请查看分析师对公司的预测的可视化。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发