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PEC's (SGX:IX2) Shareholders Have More To Worry About Than Only Soft Earnings

PEC's (SGX:IX2) Shareholders Have More To Worry About Than Only Soft Earnings

PEC(新加坡证券交易所股票代码:IX2)的股东需要担心的不仅仅是软收益
Simply Wall St ·  02/15 17:16

A lackluster earnings announcement from PEC Ltd. (SGX:IX2) last week didn't sink the stock price. Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers.

PEC有限公司(新加坡证券交易所股票代码:IX2)上周公布的财报乏善可陈,但这并没有使股价下跌。我们的分析表明,除了疲软的利润数字外,投资者还应意识到这些数字中的其他一些潜在弱点。

earnings-and-revenue-history
SGX:IX2 Earnings and Revenue History February 15th 2024
新加坡证券交易所:IX2 收益和收入历史记录 2024 年 2 月 15 日

The Impact Of Unusual Items On Profit

不寻常物品对利润的影响

For anyone who wants to understand PEC's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from S$901k worth of 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 that's as you'd expect, given these boosts are described as 'unusual'. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is).

对于任何想了解法定数字之外的PEC利润的人来说,值得注意的是,在过去的十二个月中,从价值901万新元的不寻常物品中获得了法定利润。我们不能否认更高的利润通常会让我们感到乐观,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,我们发现重大不寻常的事项往往不会重演。这正如你所预料的那样,因为这些增强被描述为 “不寻常”。假设这些不寻常的项目在本年度不会再次出现,因此我们预计明年的利润将疲软(也就是说,在业务没有增长的情况下)。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of PEC.

注意:我们始终建议投资者检查资产负债表的实力。点击此处查看我们对PEC的资产负债表分析。

Our Take On PEC's Profit Performance

我们对PEC利润表现的看法

We'd posit that PEC's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Because of this, we think that it may be that PEC's statutory profits are better than its underlying earnings power. Sadly, its EPS was down over the last twelve months. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you'd like to know more about PEC as a business, it's important to be aware of any risks it's facing. While conducting our analysis, we found that PEC has 3 warning signs and it would be unwise to ignore them.

我们认为,由于这个很大的不寻常项目,PEC的法定收益并不能完全反映持续的生产率。因此,我们认为PEC的法定利润可能好于其基础盈利能力。不幸的是,在过去的十二个月中,其每股收益有所下降。当然,我们只是在分析其收益时才浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。如果您想进一步了解PEC作为一家企业,请务必了解其面临的任何风险。在进行分析时,我们发现PEC有3个警告信号,忽略它们是不明智的。

Today we've zoomed in on a single data point to better understand the nature of PEC's 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. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.

今天,我们放大了单个数据点,以更好地了解PEC利润的性质。但是,还有很多其他方法可以让你对公司的看法。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。虽然可能需要你进行一些研究,但你可能会发现这份免费收集的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单很有用。

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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的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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