Automated Systems Holdings Limited's (HKG:771) robust recent earnings didn't do much to move the stock. We think this is due to investors looking beyond the statutory profits and being concerned with what they see.
Check out our latest analysis for Automated Systems Holdings
SEHK:771 Earnings and Revenue History September 30th 2022
How Do Unusual Items Influence Profit?
To properly understand Automated Systems Holdings' profit results, we need to consider the HK$90m gain attributed to unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. Automated Systems Holdings 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.
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Automated Systems Holdings.
Our Take On Automated Systems Holdings' Profit Performance
As we discussed above, we think the significant positive unusual item makes Automated Systems Holdings' earnings a poor guide to its underlying profitability. For this reason, we think that Automated Systems Holdings' statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about Automated Systems Holdings as a business, it's important to be aware of any risks it's facing. To that end, you should learn about the 4 warning signs we've spotted with Automated Systems Holdings (including 1 which can't be ignored).
Today we've zoomed in on a single data point to better understand the nature of Automated Systems Holdings' profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. 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.
自动化系统控股有限公司(HKG:771)近期强劲的收益对股价影响不大。我们认为,这是由于投资者将目光投向了法定利润之外,而关注的是他们所看到的。
查看我们对Automated Systems Holdings的最新分析
联交所:771盈利及收入历史2022年9月30日
不寻常的项目如何影响利润?
要正确理解Automated Systems Holdings的盈利业绩,我们需要考虑归因于不寻常项目的9000万港元收益。虽然我们喜欢看到利润增加,但当不寻常的项目做出了很大贡献时,我们往往会更加谨慎。我们对全球大多数上市公司进行了统计,不寻常的项目在性质上是一次性的,这是非常常见的。考虑到这个名字,这并不令人惊讶。与截至2022年6月的利润相比,自动化系统控股公司从不寻常项目中获得了相当大的贡献。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。
注:我们总是建议投资者检查资产负债表的实力。点击此处查看我们对Automated Systems Holdings的资产负债表分析。
我们对Automated Systems Holdings的利润表现的看法
正如我们上面讨论的,我们认为这一重要的积极的不寻常项目使Automated Systems Holdings的收益成为衡量其潜在盈利能力的糟糕指南。出于这个原因,我们认为Automated Systems Holdings的法定利润可能不是衡量其潜在盈利能力的不良指标,可能会给投资者带来对该公司过于乐观的印象。好的一面是,该公司在去年亏损后,表现出了足够的改善,今年实现了盈利。本文的目的是评估我们可以在多大程度上依赖法定收益来反映公司的潜力,但还有很多东西需要考虑。如果你想更多地了解Automated Systems Holdings作为一项业务,了解它面临的任何风险是很重要的。为此,您应该了解4个警示标志我们已经发现了Automated Systems Holdings(包括1家不容忽视的公司)。
今天,我们放大了一个数据点,以更好地了解Automated Systems Holdings的利润性质。但还有很多其他方式可以让你了解一家公司的看法。一些人认为,高股本回报率是高质量企业的良好标志。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。