Cintas (NASDAQ:CTAS) Could Become A Multi-Bagger
Cintas (NASDAQ:CTAS) Could Become A Multi-Bagger
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. And in light of that, the trends we're seeing at Cintas' (NASDAQ:CTAS) look very promising so lets take a look.
如果想要寻找潜在的股票赚多倍的机会,通常会有一些潜在趋势可以提供一些线索。首先,我们需要确定一个不断增长的资本雇用量。如果您看到这一点,通常意味着这是一家拥有出色的业务模式和丰富的有利可图再投资机会的公司。所以当我们查看索尼克汽车(纽交所:SAH)和它的ROCE趋势时,我们真的很喜欢我们所看到的。资产回报率:它是什么?资本雇用回报率 (ROCE) 是一种早期趋势,可以用来识别有可能在长期内翻倍增值的股票,然后在此基础上,要寻找一个不断增长的业务板块和行业板块。这告诉我们这是一台复利机器,能够不断地将其收益再投入业务,从而产生更高的回报。因此,在这点上,Materialise (纳斯达克:MTLS) 看起来相当有前途,因为它在资本回报方面的趋势相当不错。资产回报率 = 利息和所得税前收益(EBIT)÷(总资产-流动负债)如果你看到这句话,通常意味着这是一家商业模式非常好且有大量盈利再投资机会的公司。鉴于此,我们在Cintas(NASDAQ:CTAS)看到的趋势非常有前途,让我们来看看。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源现行ROCE与之前资本回报的比较,但过去只能知道这么多。如果您感兴趣,可以查看我们免费的蒙托克可再生能源分析师报告,了解分析师的预测。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Cintas:
如果您以前没有使用过ROCE,它衡量的是公司从其业务中获得的资本回报(税前利润)。分析师使用以下公式计算Cintas的ROCE:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率(ROCE)是指企业利润,即企业税前利润除以企业投入的总资本(负债加股权)。如果ROCE高于企业财务成本的承受能力,那么企业就会创造出更多的价值。
0.26 = US$2.0b ÷ (US$9.0b - US$1.3b) (Based on the trailing twelve months to February 2024).
0.26 = 美元20亿 ÷ (美元90亿 - 美元13亿)(截至2024年2月的过去12个月).
Thus, Cintas has an ROCE of 26%. That's a fantastic return and not only that, it outpaces the average of 9.8% earned by companies in a similar industry.
因此,Cintas的ROCE为26%。这是一种非常出色的回报率,不仅如此,它还超过了同行业公司平均获得的9.8%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240614/0-d83e84da5a43fc13aa8c9b0cc8414bdd-0-5bdc1f100a5f0f9f17ba587127c71528.png/big)
In the above chart we have measured Cintas' 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 analyst report for Cintas .
在上图中,我们衡量了Cintas之前的ROCE与之前的表现,但未来才是更重要的。如果您有兴趣,可以查看我们为Cintas提供的免费分析师报告中分析师的预测。
What Can We Tell From Cintas' ROCE Trend?
我们从Cintas的ROCE趋势中可以得出什么结论?
Cintas' ROCE growth is quite impressive. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 50% in that same time. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.
Cintas的ROCE增长非常显着。更具体地说,尽管公司在过去的五年中保持了相对稳定的资本投入,但同期ROCE增长了50%。基本上,业务从相同的资本中产生更高的回报,这证明了公司效率的提高。不过,值得深入探讨的是,虽然业务效率提高是好事,但这也可能意味着将来内部投资于有机增长的领域不足。
In Conclusion...
最后,同等资本下回报率较低的趋势通常不是我们关注创业板股票的最佳信号。由于这些发展进行良好,因此投资者不太可能表现友好。自五年前以来,该股下跌了32%。除非这些指标朝着更积极的轨迹转变,否则我们将继续寻找其他股票。
In summary, we're delighted to see that Cintas has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if Cintas can keep these trends up, it could have a bright future ahead.
总之,我们非常高兴看到Cintas能够提高效率并在同等资本下赚取更高的回报率。由于股票在过去的五年中表现杰出,这些趋势已经被投资者计算进去。鉴于此,我们认为值得进一步研究这支股票,因为如果Cintas可以保持这些趋势,它可能会有一个辉煌的未来。
Like most companies, Cintas does come with some risks, and we've found 1 warning sign that you should be aware of.
像大多数公司一样,Cintas也存在一些风险,我们发现了1个警告信号,您应该注意。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司获得高回报,请在此查看我们免费的高回报、坚实财务状况的公司列表。
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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.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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