Shareholders Would Enjoy A Repeat Of Hess Midstream's (NYSE:HESM) Recent Growth In Returns
Shareholders Would Enjoy A Repeat Of Hess Midstream's (NYSE:HESM) Recent Growth In Returns
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. With that in mind, the ROCE of Hess Midstream (NYSE:HESM) looks great, so lets see what the trend can tell us.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 的已动用资本。这向我们表明,它是一台复合机器,能够持续将其收益再投资于业务并产生更高的回报。考虑到这一点,Hess Midstream(纽约证券交易所代码:HESM)的投资回报率看起来不错,所以让我们看看这种趋势能告诉我们什么。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(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. The formula for this calculation on Hess Midstream is:
对于那些不知道的人来说,投资回报率是衡量公司年度税前利润(其回报率)与企业所用资本的关系。在 Hess Midstream 上进行此计算的公式为:
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)
0.22 = US$803m ÷ (US$3.8b - US$174m) (Based on the trailing twelve months to September 2023).
0.22 = 8.03 亿美元 ¥(38 亿美元-1.74 亿美元) (基于截至2023年9月的过去十二个月)。
Therefore, Hess Midstream has an ROCE of 22%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 17%.
因此,Hess Midstream的投资回报率为22%。从绝对值来看,这是一个不错的回报,甚至高于石油和天然气行业17%的平均水平。
See our latest analysis for Hess Midstream
查看我们对 Hess Midstream 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231118/0-fb68185ffdee07597a279ac65a2cac75-0-7a274eb44bbf8f340d9e4d56eb448394.png/big)
In the above chart we have measured Hess Midstream's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上面的图表中,我们对Hess Midstream之前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果你有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
How Are Returns Trending?
退货趋势如何?
Hess Midstream is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably 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 34%. So we're very much inspired by what we're seeing at Hess Midstream thanks to its ability to profitably reinvest capital.
Hess Midstream 表现出一些积极的趋势。数字显示,在过去五年中,所用资本产生的回报率已大幅增长至22%。实际上,该公司每使用1美元的资本可以赚更多的钱,值得注意的是,资本金额也增加了34%。因此,我们在Hess Midstream看到的情况给我们带来了极大的启发,这要归功于它能够以盈利的方式进行资本再投资。
What We Can Learn From Hess Midstream's ROCE
我们可以从 Hess Midstream 的 ROCE 中学到什么
In summary, it's great to see that Hess Midstream 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 with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
总而言之,很高兴看到 Hess Midstream 能够以更高的回报率持续进行资本再投资,从而实现复合收益,因为这些是那些备受追捧的多袋公司的一些关键要素。而且,由于该股在过去五年中表现异常出色,投资者正在考虑这些模式。话虽如此,我们仍然认为良好的基本面意味着该公司值得进一步的尽职调查。
One more thing: We've identified 2 warning signs with Hess Midstream (at least 1 which is significant) , and understanding them would certainly be useful.
还有一件事:我们已经发现了 Hess Midstream 的 2 个警告信号(至少 1 个很重要),了解它们肯定会很有用。
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.
高回报是强劲表现的关键因素,因此请查看我们的免费股本回报率高且资产负债表稳健的股票清单。
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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。