Clear Channel Outdoor Holdings' (NYSE:CCO) Returns On Capital Are Heading Higher
Clear Channel Outdoor Holdings' (NYSE:CCO) Returns On Capital Are Heading Higher
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Clear Channel Outdoor Holdings (NYSE:CCO) looks quite promising in regards to its trends of return on capital.
您知道有一些财务指标可以为潜在的倍增器提供线索吗?第一,我们需要看到一个已证明的资本雇用回报率(ROCE)正在增长,其次是不断扩张的资本雇用基础。简而言之,这些类型的企业是复利机器,这意味着它们在不断以越来越高的回报率重新投资其收益。因此,在这一点上,Clear Channel Outdoor Holdings(纽交所:CCO)在回报率趋势方面看起来非常有前途。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法:正如我们上面看到的,Enphase Energy 的资本回报率没有提高,但它正在重新投资于业务。投资者必须认为未来会有更好的前景,因为股票表现良好,使持股五年以上的股东获得了 690% 的收益。最终,如果基本趋势持续存在,我们不会对它成为一只多头股持有期很久很有信心。
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Clear Channel Outdoor Holdings is:
对于那些不知道ROCE是什么的人,它衡量公司可以从其业务所使用的资本雇用中产生的税前利润的数量。该计算公式用于Clear Channel Outdoor Holdings的计算是:
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。
0.077 = US$285m ÷ (US$4.5b - US$833m) (Based on the trailing twelve months to June 2024).
0.077 = US$28500万 ÷ (US $45亿-US$833m)(根据截至2024年6月的过去十二个月)。
So, Clear Channel Outdoor Holdings has an ROCE of 7.7%. Ultimately, that's a low return and it under-performs the Media industry average of 9.7%.
因此,Clear Channel Outdoor Holdings的ROCE为7.7%。归根结底,这是一种较低的回报率,不如媒体行业的平均水平9.7%。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240820/0-5d19938e1f2f6c760b45ee97c65c9000-0-404285ab97f7ca97766cb3ccec836922.png/big)
In the above chart we have measured Clear Channel Outdoor Holdings' 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 Clear Channel Outdoor Holdings .
在上面的图表中,我们已测量Clear Channel Outdoor Holdings的前ROCE与其前绩效相比,但未来可能更重要。如果您感兴趣,您可以在我们免费的Clear Channel Outdoor Holdings分析师报告中查看分析师的预测。
How Are Returns Trending?
综合上述,Cimpress非常有效地提高了其资本利用率所产生的回报。考虑到股票过去五年保持稳定,如果其他指标也不错,则可能存在机会。因此,进一步研究这家公司并确定这些趋势是否会持续是合理的。
You'd find it hard not to be impressed with the ROCE trend at Clear Channel Outdoor Holdings. We found that the returns on capital employed over the last five years have risen by 44%. The company is now earning US$0.08 per dollar of capital employed. Interestingly, the business may be becoming more efficient because it's applying 30% less capital than it was five years ago. If this trend continues, the business might be getting more efficient but it's shrinking in terms of total assets.
在Clear Channel Outdoor Holdings的ROCE趋势方面,您不难印象深刻。我们发现,在过去的五年中,资产回报率已经上升了44%。该公司现在每投入一美元的资本就可以赚取0.08美元的收益。有趣的是,从五年前开始,该公司的资本投入量减少了30%,这可能意味着该业务正在变得更加高效。如果这一趋势继续下去,该业务可能正在变得更加高效,但其总资产规模正在缩小。
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。
From what we've seen above, Clear Channel Outdoor Holdings has managed to increase it's returns on capital all the while reducing it's capital base. And since the stock has fallen 45% over the last five years, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified.
从我们上面所看到的,Clear Channel Outdoor Holdings已经成功地增加了其资本回报率,同时减少了其资本基础。由于该股票在过去五年中下跌了45%,因此可能存在机会。因此,深入研究这家公司并确定这些趋势是否会继续似乎是有正当理由的。
On a final note, we found 2 warning signs for Clear Channel Outdoor Holdings (1 is significant) you should be aware of.
最后,我们发现Clear Channel Outdoor Holdings有2个警告信号(1个重要),您应该注意。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想寻找财务状况良好、回报卓越的实力强企业,可以免费查看以下公司列表。
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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。