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Mosaic (NYSE:MOS) Has Some Way To Go To Become A Multi-Bagger

Mosaic (NYSE:MOS) Has Some Way To Go To Become A Multi-Bagger

美國美盛(紐約證券交易所代碼:MOS)要成爲一家多裝箱商還有一段路要走
Simply Wall St ·  03/11 08:18

To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. However, after briefly looking over the numbers, we don't think Mosaic (NYSE:MOS) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?通常,我們希望注意到增長的趨勢 返回 在資本使用率(ROCE)方面,除此之外,還在擴大 基礎 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。但是,在簡短地研究了這些數字之後,我們認爲美國美盛(紐約證券交易所代碼:MOS)未來不具備多袋裝貨商的實力,但讓我們來看看爲什麼會這樣。

Understanding Return On Capital Employed (ROCE)

了解資本使用回報率 (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. Analysts use this formula to calculate it for Mosaic:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。分析師使用這個公式來計算美國美盛的金額:

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)

0.067 = US$1.3b ÷ (US$23b - US$3.9b) (Based on the trailing twelve months to December 2023).

0.067 = 13億美元 ÷(230億美元-39億美元) (基於截至2023年12月的過去十二個月)

So, Mosaic has an ROCE of 6.7%. In absolute terms, that's a low return and it also under-performs the Chemicals industry average of 9.9%.

因此,美國美盛的投資回報率爲6.7%。從絕對值來看,回報率很低,也低於化工行業9.9%的平均水平。

roce
NYSE:MOS Return on Capital Employed March 11th 2024
紐約證券交易所:MOS 2024年3月11日動用資本回報率

In the above chart we have measured Mosaic's 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 Mosaic for free.

在上圖中,我們將Mosaic先前的投資回報率與之前的表現進行了比較,但可以說,未來更爲重要。如果你願意,你可以免費查看報道美國美盛的分析師的預測。

The Trend Of ROCE

ROCE 的趨勢

Things have been pretty stable at Mosaic, with its capital employed and returns on that capital staying somewhat the same for the last five years. This tells us the company isn't reinvesting in itself, so it's plausible that it's past the growth phase. With that in mind, unless investment picks up again in the future, we wouldn't expect Mosaic to be a multi-bagger going forward.

美國美盛的情況一直相當穩定,在過去五年中,其資本使用率和資本回報率基本保持不變。這告訴我們該公司沒有對自己進行再投資,因此它已經過了增長階段是合理的。考慮到這一點,除非將來投資再次回升,否則我們預計未來美國美盛不會成爲一家多口袋公司。

In Conclusion...

總之...

In summary, Mosaic isn't compounding its earnings but is generating stable returns on the same amount of capital employed. Unsurprisingly, the stock has only gained 18% over the last five years, which potentially indicates that investors are accounting for this going forward. So if you're looking for a multi-bagger, the underlying trends indicate you may have better chances elsewhere.

總而言之,美國美盛並沒有複合其收益,而是在使用相同數量的資本的情況下產生了穩定的回報。毫不奇怪,該股在過去五年中僅上漲了18%,這可能表明投資者正在考慮未來的情況。因此,如果你正在尋找一款多袋裝車,潛在的趨勢表明你在其他地方的機會可能更大。

Mosaic does come with some risks though, we found 3 warning signs in our investment analysis, and 1 of those doesn't sit too well with us...

但是,美國美盛確實存在一些風險,我們在投資分析中發現了3個警告信號,其中一個不太適合我們...

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.

如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。

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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.

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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

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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