Federal International (2000) Ltd's (SGX:BDU) stock was strong after they reported robust earnings. However, our analysis suggests that shareholders may be missing some factors that indicate the earnings result was not as good as it looked.
Check out our latest analysis for Federal International (2000)
SGX:BDU Earnings and Revenue History August 19th 2022
How Do Unusual Items Influence Profit?
To properly understand Federal International (2000)'s profit results, we need to consider the S$1.2m gain attributed to unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. Federal International (2000) 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 Federal International (2000).
Our Take On Federal International (2000)'s Profit Performance
As we discussed above, we think the significant positive unusual item makes Federal International (2000)'s earnings a poor guide to its underlying profitability. For this reason, we think that Federal International (2000)'s statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. 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. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. Case in point: We've spotted 4 warning signs for Federal International (2000) you should be mindful of and 2 of these make us uncomfortable.
Today we've zoomed in on a single data point to better understand the nature of Federal International (2000)'s profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. 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.
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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.
聯邦國際(2000)有限公司(新加坡證券交易所股票代碼:BDU)股價強勁,此前他們公佈了強勁的收益。然而,我們的分析表明,股東可能遺漏了一些表明盈利結果並不像看起來那麼好的因素。
查看我們對《聯邦國際》(2000)的最新分析
新交所:BDU收益和收入歷史2022年8月19日
不尋常的項目如何影響利潤?
為了正確理解聯邦國際(2000)的利潤業績,我們需要考慮一下歸因於不尋常項目的120萬新元收益。雖然有更高的利潤總是好事,但不尋常的東西帶來的巨大貢獻有時會挫傷我們的熱情。我們對全球大多數上市公司進行了統計,不尋常的項目在性質上是一次性的,這是非常常見的。畢竟,這正是會計術語所暗示的。聯邦國際(2000)在截至2022年6月的利潤中,非常項目的貢獻相當大。因此,我們可以推測,這些不尋常的項目使其法定利潤比其他情況下要強勁得多。
注:我們總是建議投資者檢查資產負債表的實力。點擊此處查看我們對聯邦國際(2000)的資產負債表分析。
我們對聯邦國際(2000)盈利表現的看法
正如我們上面討論的,我們認為重要的積極的不尋常項目使聯邦國際(2000)的收益不能很好地反映其潛在的盈利能力。出於這個原因,我們認為聯邦國際(2000)的法定利潤可能是對其潛在盈利能力的不良指引,並可能給投資者帶來對該公司過於樂觀的印象。好消息是,儘管之前出現了虧損,但該公司在過去12個月裏實現了盈利。歸根結底,如果你想正確地瞭解這家公司,除了以上幾個因素之外,考慮其他因素也是至關重要的。考慮到這一點,除非我們對風險有透徹的瞭解,否則我們不會考慮投資股票。一個恰當的例子:我們發現了4個聯邦國際警示標誌(2000)你應該注意,其中兩個會讓我們感到不舒服。
今天,為了更好地理解聯邦國際(2000)利潤的性質,我們聚焦了一個數據點。但如果你有能力將注意力集中在細節上,那麼總會有更多的數據需要發現。有些人認為高股本回報率是高質量企業的良好標誌。雖然可能需要為你做一些研究,但你可能會發現免費擁有高股本回報率的公司的集合,或者是內部人士購買的有用的股票清單。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。