Unsurprisingly, City Developments Limited's (SGX:C09) stock price was strong on the back of its healthy earnings report. However, we think that shareholders may be missing some concerning details in the numbers.
Check out our latest analysis for City Developments
SGX:C09 Earnings and Revenue History August 17th 2022
How Do Unusual Items Influence Profit?
To properly understand City Developments' profit results, we need to consider the S$1.5b gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. City Developments had a rather significant contribution from unusual items relative to its profit to June 2022. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
Our Take On City Developments' Profit Performance
As previously mentioned, City Developments' large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. As a result, we think it may well be the case that City Developments' underlying earnings power is lower than its statutory profit. The good news is that it earned a profit in the last twelve months, despite its previous loss. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Be aware that City Developments is showing 4 warning signs in our investment analysis and 2 of those are concerning...
This note has only looked at a single factor that sheds light on the nature of City Developments' profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
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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.
不出所料,城市发展有限公司的(新加坡证券交易所股票代码:C09)股票价格在其健康的收益报告的支持下表现强劲。然而,我们认为,股东可能在数字中遗漏了一些令人担忧的细节。
查看我们对城市发展的最新分析
新交所:C09收益和收入历史2022年8月17日
不寻常的项目如何影响利润?
要正确理解City Developments的利润结果,我们需要考虑归因于不寻常项目的15亿新元收益。我们不能否认,更高的利润通常会让我们保持乐观,但如果利润是可持续的,我们更愿意这样做。当我们分析全球绝大多数上市公司时,我们发现重大的不寻常项目往往不会重复。毕竟,这正是会计术语所暗示的。城市发展对2022年6月的利润有相当大的贡献,来自不寻常的项目。因此,我们可以推测,这些不寻常的项目使其法定利润比其他情况下要强劲得多。
这可能会让你想知道,分析师对未来盈利能力的预测是什么。幸运的是,您可以单击此处查看基于他们估计的未来盈利能力的互动图表。
我们对城市发展公司盈利表现的看法
正如前面提到的,City Developments从不寻常项目中获得的巨大提振不会无限期地存在,因此其法定收益可能是衡量其潜在盈利能力的糟糕指标。因此,我们认为City Development的潜在盈利能力很可能低于其法定利润。好消息是,尽管之前出现了亏损,但该公司在过去12个月里实现了盈利。归根结底,如果你想正确地了解这家公司,除了以上几个因素之外,考虑其他因素也是至关重要的。请记住,在分析一只股票时,值得注意其中的风险。请注意,城市发展正在显示我们的投资分析中的4个警告信号其中两个是关于..。
这份报告只关注了一个因素,它揭示了City Developments利润的性质。但还有很多其他方式可以让你了解一家公司的看法。例如,许多人认为高股本回报率是有利的商业经济指标,而另一些人则喜欢“跟着钱走”,寻找内部人士正在买入的股票。所以你可能想看看这个免费拥有高股本回报率的公司的集合,或内部人士正在购买的这份股票清单。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。