Why We Like The Returns At Copa Holdings (NYSE:CPA)
Why We Like The Returns At Copa Holdings (NYSE:CPA)
What are the early trends we should look for to identify a stock that could multiply in value over the long term? 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. With that in mind, the ROCE of Copa Holdings (NYSE:CPA) looks great, so lets see what the trend can tell us.
在尋找長期增值潛力的股票時,我們應該關注哪些早期趨勢?通常,我們希望注意到ROCE(資本僱用回報率)不斷增長的趨勢,並伴隨着日益擴大的資本僱用規模。基本上這意味着一個公司擁有盈利的計劃,可以繼續投資,這是複合機的特點。考慮到這一點,Copa Holdings(NYSE:CPA)的ROCE看起來很好,讓我們看看趨勢能告訴我們什麼。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較,但過去只能知道這麼多。如果您感興趣,可以查看我們免費的蒙托克可再生能源分析師報告,了解分析師的預測。
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 Copa Holdings:
ROCE是一個公司年度稅前利潤(即回報率)相對於業務中所使用的資本的度量。 分析師們使用以下公式來計算Copa Holdings的ROCE:
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。
0.21 = US$830m ÷ (US$5.2b - US$1.3b) (Based on the trailing twelve months to March 2024).
0.21 = 美國83000萬美元 ÷(美國52億美元 - 美國1.3億美元)(基於最近12個月至2024年3月)。
So, Copa Holdings has an ROCE of 21%. In absolute terms that's a great return and it's even better than the Airlines industry average of 8.5%.
因此,Copa Holdings的ROCE爲21%。 從絕對值上看,這是一個很好的回報,甚至比航空公司行業平均水平8.5%還要好。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240722/0-641af5934acd8aa6c6099cd485078ac7-0-2e23b797fff174e5becbb7e761163de5.png/big)
Above you can see how the current ROCE for Copa Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Copa Holdings .
您可以看到Copa Holdings目前的ROCE與其過去資本回報率的比較情況,但是從過去還能看到的有限。如有興趣,您可以在我們的免費分析師報告中查看分析師的預測。
What The Trend Of ROCE Can Tell Us
儘管如此,當我們看 enphase energy (納斯達克股票代碼:ENPH) 的時候,它似乎並沒有完全符合這些要求。
Copa Holdings' ROCE growth is quite impressive. The figures show that over the last five years, ROCE has grown 143% whilst employing roughly the same amount of capital. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
Copa Holdings的ROCE增長非常令人印象深刻。數據顯示,在過去五年中,ROCE增長了143%,而使用的資本大致相同。因此,很可能該企業現在正在收穫其過去投資的全部收益,因爲使用的資本並未發生顯着變化。從這個角度來看,該公司做得很好,值得進一步調查其管理團隊對長期增長前景的計劃。
In Conclusion...
最後,同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好,因此投資者不太可能表現友好。自五年前以來,該股下跌了32%。除非這些指標朝着更積極的軌跡轉變,否則我們將繼續尋找其他股票。
In summary, we're delighted to see that Copa Holdings has been able to increase efficiencies and earn higher rates of return on the same amount of capital. Since the total return from the stock has been almost flat over the last five years, there might be an opportunity here if the valuation looks good. With that in mind, we believe the promising trends warrant this stock for further investigation.
總之,我們很高興看到Copa Holdings能夠提高效率,以同等資本實現更高的回報率。由於該股票的總回報在過去五年中幾乎持平,因此如果估值良好,則可能存在機會。考慮到這一點,我們認爲有前途的趨勢值得進一步調查該股票。
On a final note, we've found 2 warning signs for Copa Holdings that we think you should be aware of.
最後需要注意的是,我們發現Copa Holdings有2個警告信號,認爲您應該知道。
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.
高回報率是強勁表現的關鍵因素,因此請查看我們的免費股票列表,其中列出了盈利能力強、資產負債表堅實的股票。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。