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Envista Holdings (NYSE:NVST) Has More To Do To Multiply In Value Going Forward

Envista Holdings (NYSE:NVST) Has More To Do To Multiply In Value Going Forward

Envista Holdings(紐約證券交易所代碼:NVST)在未來價值成倍增長方面還有更多工作要做
Simply Wall St ·  2023/10/16 09:02

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after briefly looking over the numbers, we don't think Envista Holdings (NYSE:NVST) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

如果你正在尋找一個多袋子,有幾個東西需要注意。在一個完美的世界裡,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中賺取的回報也在增加。簡而言之,這些類型的企業是複利機器,這意味著它們不斷地以越來越高的回報率對收益進行再投資。然而,在簡單地看了一下數位之後,我們認為恩維斯塔控股(紐約證券交易所股票代碼:NVST)具備了未來實現多管齊下的條件,但讓我們來看看為什麼會這樣。

Understanding Return On Capital Employed (ROCE)

瞭解資本回報率(ROCE)

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. To calculate this metric for Envista Holdings, this is the formula:

對於那些不確定ROCE是什麼的人,它衡量的是一家公司可以從其業務中使用的資本產生的稅前利潤。要計算enVista Holdings的這一指標,公式如下:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已動用資本回報率=息稅前收益(EBIT)?(總資產-流動負債)

0.066 = US$358m ÷ (US$6.6b - US$1.2b) (Based on the trailing twelve months to June 2023).

0.066美元=3.58億美元(66億-12億美元)(根據截至2023年6月的往績12個月計算)

So, Envista Holdings has an ROCE of 6.6%. Ultimately, that's a low return and it under-performs the Medical Equipment industry average of 9.7%.

所以,EnVista Holdings的淨資產收益率為6.6%。歸根結底,這是一個低迴報率,表現低於醫療設備行業9.7%的平均水準。

Check out our latest analysis for Envista Holdings

查看我們對enVista Holdings的最新分析

roce
NYSE:NVST Return on Capital Employed October 16th 2023
紐約證券交易所:NVST 2023年10月16日的資本回報率

In the above chart we have measured Envista Holdings' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Envista Holdings here for free.

在上面的圖表中,我們衡量了enVista Holdings之前的ROCE和它之前的表現,但可以說,未來更重要。如果你願意,你可以在這裡查看研究enVista Holdings的分析師的預測免費的。

What Does the ROCE Trend For Envista Holdings Tell Us?

EnVista Holdings的ROCE趨勢告訴我們什麼?

There hasn't been much to report for Envista Holdings' returns and its level of capital employed because both metrics have been steady for the past five years. This tells us the company isn't reinvesting in itself, so it's plausible that it's past the growth phase. So don't be surprised if Envista Holdings doesn't end up being a multi-bagger in a few years time.

EnVista Holdings的回報率和已動用資本水準沒有太多可供報告的數據,因為這兩個指標在過去五年裡都是穩定的。這告訴我們,該公司沒有對自身進行再投資,因此它似乎已經過了增長階段。因此,如果enVista Holdings在幾年內不會成為一家多業務公司,也不要感到驚訝。

The Bottom Line

底線

In a nutshell, Envista Holdings has been trudging along with the same returns from the same amount of capital over the last five years. Unsurprisingly then, the total return to shareholders over the last three years has been flat. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.

簡而言之,在過去的五年裡,enVista Holdings一直在艱難前行,從同樣數量的資本中獲得同樣的回報。因此,過去三年股東的總回報持平也就不足為奇了。總體而言,我們不太受潛在趨勢的鼓舞,我們認為在其他地方可能會有更好的機會找到多個袋子。

If you're still interested in Envista Holdings it's worth checking out our FREE intrinsic value approximation to see if it's trading at an attractive price in other respects.

如果您仍然對enVista Holdings感興趣,那麼值得查看我們的自由內在值近似看看它在其他方面的交易價格是否有吸引力。

While Envista Holdings isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

雖然enVista Holdings沒有獲得最高回報,但看看這個免費資產負債表穩健、股本回報率高的公司名單。

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.

對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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