The Motley Fool

NOVEMBER 8, 2024

Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital third-quarter earnings conference call. Image source: The Motley Fool. You may begin.

Capital 130

Capital Asset Management Due Diligence Assets 130

The Motley Fool

DECEMBER 16, 2023

Requiring a 15% annualized return for five years, an investment needs to slightly outperform the market's historical annualized total return of roughly 11% to 12% to accomplish this feat. United Parcel Service (NYSE: UPS) and Murphy USA (NYSE: MUSA) are two companies that fit this simple billing.

Mergers and Acquisitions 245

Mergers and Acquisitions Accounting Return On Investment Capital 245

The Motley Fool

DECEMBER 19, 2023

Building out an automotive manufacturing business is extremely capital intensive and requires massive scale in order to make the unit economics work. However, when scaling up car manufacturing, it always looks dark before the operating leverage starts to kick in. Should you invest $1,000 in Rivian Automotive right now?

Initial Public Offering 245

Initial Public Offering Leveraging Capital Returns 245

The Motley Fool

JULY 2, 2023

A stellar return on invested capital Leveraging the power of its leadership position in the pool supplies and pool-related products market, Pool Corp. However, despite these short-term struggles, history may suggest that buying Pool right now could be a good long-term decision. Let's explore three key reasons why.

Shareholders 239

Shareholders Leveraging Return On Investment Debt 239

The Motley Fool

FEBRUARY 12, 2024

For example, Enterprise delivered a double-digit return on invested capital (ROIC) in every year since 2005. Its balance sheet is strong, with a leverage ratio of 3x and solid A- and A3 credit ratings. That's especially noteworthy because of the inherent volatility in the energy sector.

Taxes 244

Taxes Prospects Leveraging Returns 244

The Motley Fool

AUGUST 6, 2023

The logic behind the spinoff was that it would unlock shareholder value and allow each company to more easily pursue mergers and acquisitions (M&A), allocate capital, and compensate employees as a pure play focused on one industry. The logistics services provider has come a long way since it was spun off from XPO in 2021.

Mergers and Acquisitions 237

Mergers and Acquisitions Amortization Depreciation Earnings Before Interest 237

The Motley Fool

OCTOBER 12, 2024

With its return on invested capital (ROIC) rising from 8% during the pandemic to 15% today, it is fair to say that the eight acquisitions the company made in the meantime have begun paying immediate dividends.

Mergers and Acquisitions 246

Mergers and Acquisitions Leveraging Funds Return On Investment 246

The Motley Fool

MAY 16, 2024

However, there is a chance that investors who aren't comfortable paying for Nvidia's expensive valuation could be seeking alternatives to capitalize on the AI boom. More importantly, The Trade Desk has been leveraging AI to ensure that advertisers get more out of its platform. Nvidia is trading at 75 times trailing earnings.

Amortization 244

Amortization Depreciation Earnings Before Interest Leveraging 244

The Motley Fool

DECEMBER 28, 2023

Limited growth options Kinder Morgan is an ideal dividend stock because it is in the company's best interest to grow slowly and return capital to shareholders instead of over-expanding the business. With less leverage, a reliable and growing dividend with a high yield, and a forward-price-to-earnings ratio of just 14.6

Debt 240

Debt Leveraging Assets Shareholders 240

The Motley Fool

MAY 29, 2024

Enterprise's business model has seen the company consistently grow its distributable cash flow (DCF) per unit (operating cash flow minus maintenance capital expenditures [ capex ]) most years, while keeping it pretty steady during difficult environments, such as when oil prices collapsed during 2014-2016. Image source: Getty Images.

Leveraging 130

Leveraging Taxes Enterprise Values Debt 130

The Motley Fool

MAY 29, 2024

Enterprise's business model has seen the company consistently grow its distributable cash flow (DCF) per unit (operating cash flow minus maintenance capital expenditures [ capex ]) most years, while keeping it pretty steady during difficult environments, such as when oil prices collapsed during 2014-2016. Image source: Getty Images.

Leveraging 130

Leveraging Taxes Enterprise Values Debt 130

The Motley Fool

APRIL 19, 2024

The two biggest areas to look at when it comes to dividend safety are its distribution coverage ratio and leverage ratio. The former measures how much cash in distributions the company is paying out, compared to how much distributable cash flow (operating cash flow minus maintenance capital expenditures) it's generating. billion to $3.75

Enterprise Values 130

Enterprise Values Depreciation Leveraging Amortization 130

The Motley Fool

OCTOBER 22, 2024

I'm going to talk about the highlights of the third quarter, then we're going to do some -- a little bit of strategic updates and we're going to end up with Tony talking about the results and capital allocation. And the third is our capital allocation priorities. Our first capital allocation priority is to invest in the business.

Capital 246

Capital Mergers and Acquisitions Leveraging Shareholders 246

The Motley Fool

DECEMBER 2, 2023

But in an age when consumer trends and sentiment can shift quickly, how is Alphabet able to prove to advertisers that its platforms generate a superior return on investment (ROI) over the likes of Meta Platforms ' Facebook and Instagram, as well as niche players like Etsy or Pinterest ?

Portfolios 239

Portfolios Leveraging Finance Financing 239

The Motley Fool

SEPTEMBER 30, 2024

Lower interest rates lower the cost of capital and can increase the return on investment for capital-intensive projects. In the past nine years, it has reduced its total net long-term debt position by 29% and lowered its leverage. PBA Debt To Capital (Quarterly) data by YCharts. oil and gas production.

Exchange-Traded Funds 130

Exchange-Traded Funds Debt Leveraging Capital 130

The Motley Fool

JULY 8, 2023

This is a set of goals for 2026 that include a 50% increase in adjusted EBITDA per available passenger berth day (ALBD/APBD) and an adjusted return on invested capital (ROIC) of 12%. The company is experiencing a boom in demand, even during a weak global economy, which bodes well for future growth.

Prospects 246

Prospects Amortization Depreciation Earnings Before Interest 246

The Motley Fool

AUGUST 3, 2023

At Zeta, our goal is to make marketers the heroes of their stories by helping them to acquire, grow, and retain customers, substantially more efficiently and effectively than ever before by leveraging our data, implementing our software, and utilizing the superpower of our AI. And third, we're raising guidance. in the second quarter of 2023.

Leveraging 246

Leveraging Banks Capital Companies 246

The Motley Fool

AUGUST 3, 2024

Its FCF was lower compared to a year ago as the company increased its capital expenditures (capex) on new growth projects. Over the past five years, Enterprise has averaged about a 13% return on invested capital, so these growth projects should provide meaningful growth to the company in the years ahead.

Depreciation 130

Depreciation Leveraging Enterprise Values Amortization 130

The Motley Fool

SEPTEMBER 10, 2024

Leveraging our learnings over the past few quarters, we are beginning to more strategically target our growing loyalty database with creative and compelling tailored messaging to drive, visit frequency and spend. We will continue to optimize our media mix messaging and better leverage our scale and presence to drive traffic.

Capital 246

Capital Shareholders Leveraging Returns 246

The Motley Fool

NOVEMBER 16, 2023

Today's discussion may contain forward-looking statements, including, without limitation, statements about our new organization and governance structure, strategies and business plans, as well as our belief and expectations about our business prospects, such as future growth of our business, revenue, and return on investments.

Leveraging 189

Leveraging Shareholders Capital Returns 189

The Motley Fool

JANUARY 3, 2024

This can be scored using a company's return on invested capital. Since 1990, Verizon has returned an average of $1.07 It must balance expensive investments in upgrading and maintaining its network with price-conscious customers. back for each dollar it puts into the company. That's not great. It's a tough business.

Investing 130

Investing Leveraging Return On Investment Debt 130

The Motley Fool

JANUARY 20, 2024

Then the pandemic hit, and low oil prices coupled with a heavily leveraged balance sheet forced Occidental to make a dividend cut. It's investing heavily to build out direct air capture (DAC) projects that would suck carbon dioxide from the air for permanent sequestration underground. That's a 25% increase from last year's level.

Leveraging 130

Leveraging Bidding Amortization Depreciation 130

The Motley Fool

MAY 12, 2024

What makes MPLX stand out among its peers is its strong rates of return, capital discipline, and generous returns to shareholders. It has simultaneously generated some of the highest returns on invested capital while keeping its leverage (defined as debt to EBITDA) lower than most.

Shareholders 130

Shareholders Leveraging Capital Taxes 130

The Motley Fool

OCTOBER 26, 2024

It essentially operates a duopoly with rival Lowe's , allowing both companies to earn wide operating margins and returns on invested capital. Home Depot is a proven winner with a wide economic moat, and the company is set to capitalize on the housing recovery and efforts to close the housing shortage across the U.S.

Leveraging 130

Leveraging Capital Returns Return On Investment 130

The Motley Fool

SEPTEMBER 27, 2023

The company's parks and cruises are doing well, so much so that Disney will double its capital investments over the next decade to $60 billion. The company's vast trove of intellectual property and its track record of leveraging those assets across its entire business are its key competitive advantages.

Leveraging 130

Leveraging Stakes Capital Investments Capital 130

The Motley Fool

AUGUST 3, 2023

In addition, as these customers have a higher propensity to come to us through direct channels, this helps us drive future leverage in sales and marketing. As a combination of all of these factors, these travelers have a much higher return on investment and ultimately drive more profitable and faster growth as they stack up over time.

Leveraging 188

Leveraging Banks Returns Capital 188

The Motley Fool

OCTOBER 20, 2024

In the past five years, Alphabet's return on invested capital (ROIC) has averaged 23.8%. The business has reached tremendous scale that allows it to leverage its expenses to the benefit of shareholders. In the internet age, this is an advantage. Alphabet produced $102 billion in operating cash flow last year.

Initial Public Offering 130

Initial Public Offering Leveraging Shareholders Capital 130

The Motley Fool

JULY 15, 2023

Its wide moat means that as long as the company operates efficiently, it could generate market-beating returns over the long haul. And historically, it has done just that, generating a 12% cash return on invested capital over the last decade. MTN Cash Return on Capital Invested (CROCI) (TTM) data by YCharts.

Capital 130

Capital Leveraging Return On Investment Debt 130

The Motley Fool

AUGUST 3, 2023

We're committed to helping shape the future of Macau as a global tourism destination through our concession commitments with investments being beginning this year. Think of Macau capital will cover a wide range of opportunities, including investments in art and culture, entertainment, and the expansion of our international customer base.

Banks 245

Banks Capital Leveraging Shareholders 245

The Motley Fool

MAY 9, 2024

We will also offer some perspective on our strength and balance sheet position and profitable growth with the recent divestiture of a non-core business as well as elaborate on our product strategy and our commitment to driving strong return on invested capital. In other words, we created an AI Copilot and agent creator.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Legal Leveraging Capital 130

The Motley Fool

JULY 25, 2024

This reduction in our outstanding debt also decreased our leverage ratio to 1.66, down from 1.76 This is the lowest our leverage ratio has been in the last five years. We will remain focused on strengthening our balance sheet and advancing to our stated goal of achieving a leverage ratio of 1.5 million or 10%. last quarter.

Leveraging 130

Leveraging Debt Shareholders Taxes 130

The Motley Fool

MARCH 12, 2024

We will also offer some perspective on our strengthened balance sheet position with the recent divestiture of one of our noncore businesses, which underscores our focused product strategy and our commitment to driving a strong return on invested capital. And we now have an aligned capital structure to support our growth plans.

Leveraging 130

Leveraging Accounting Capital Debt 130

The Motley Fool

DECEMBER 2, 2024

Meanwhile, it has historically been conservative with its leverage, distribution coverage ratio, and growth capital expenditure (capex) spending. Since 2018, Enterprise has averaged an approximately 13% return on invested capital (ROIC) on its growth projects. It currently has $6.9

Debt 130

Debt Enterprise Values Depreciation Assets 130

The Motley Fool

NOVEMBER 2, 2024

DCF is similar to free cash flow, except that operating cash flow is only reduced by maintenance capital expenditures ( capex ) and not growth capex. It ended the quarter with leverage of 3x, which it defines as net debt adjusted for equity credit in junior subordinated notes (hybrids) divided by adjusted EBITDA.

Depreciation 130

Depreciation Debt Enterprise Values Amortization 130

The Motley Fool

SEPTEMBER 3, 2024

Horton's scale also gives it negotiating leverage on pricing from suppliers and subcontractors, making it difficult for its rivals to compete based on price. Horton capitalized on that trend over the past decade, and demographic data suggests that new construction demand should remain strong. DHI Revenue (TTM) data by YCharts.

Prospects 130

Prospects Leveraging Capital Debt 130

The Motley Fool

OCTOBER 29, 2024

billion of cash flow this year and have reached a key financial milestone while returning to a fully unsecured capital structure that will support our growth ambitions and expanding capital allocation. And this quarter, we reached a key financial milestone by returning to a fully unsecured capital structure.

Leveraging 130

Leveraging Capital Debt Returns 130

The Motley Fool

JULY 15, 2023

But that hasn't prevented the stock from surging 60% year to date, nearly doubling the return of the Nasdaq Composite. Businesses that routinely generate high margins and returns on invested capital are known to deliver superior returns to investors over many years, and Airbnb is performing exceptionally well on this front.

Startups 130

Startups Leveraging Capital Shareholders 130