Neway Group Holdings Limited's (HKG:55) robust recent earnings didn't do much to move the stock. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
View our latest analysis for Neway Group Holdings
SEHK:55 Earnings and Revenue History October 4th 2022
How Do Unusual Items Influence Profit?
For anyone who wants to understand Neway Group Holdings' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from HK$77m worth of 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 that's as you'd expect, given these boosts are described as 'unusual'. We can see that Neway Group Holdings' positive unusual items were quite significant relative to its profit in the year 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 Neway Group Holdings.
Our Take On Neway Group Holdings' Profit Performance
As previously mentioned, Neway Group Holdings' 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 Neway Group Holdings' underlying earnings power is lower than its statutory profit. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. 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. So while earnings quality is important, it's equally important to consider the risks facing Neway Group Holdings at this point in time. For example - Neway Group Holdings has 2 warning signs we think you should be aware of.
Today we've zoomed in on a single data point to better understand the nature of Neway Group Holdings' 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.
新威集團控股有限公司(HKG:55)近期強勁的收益對股價影響不大。我們相信,股東已經注意到了法定利潤數字以外的一些令人擔憂的因素。
查看我們對Neway Group Holdings的最新分析
聯交所:55盈利及收入歷史2022年10月4日
不尋常的項目如何影響利潤?
對於任何想要了解新威集團控股公司法定數字以外的利潤的人來説,重要的是要注意到,在過去12個月裏,從價值7700萬港元的不尋常項目中獲得了法定利潤。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。考慮到這些提振被描述為“不尋常的”,這正如你所預期的那樣。我們可以看到,在截至2022年6月的一年中,新威集團控股的積極異常項目與其利潤相比相當重要。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Neway Group Holdings的資產負債表分析。
我們對新威集團控股公司利潤表現的看法
正如前面提到的,新威集團控股有限公司從不尋常項目中獲得的巨大提振不會無限期地存在,因此其法定收益可能不能很好地反映其潛在的盈利能力。因此,我們認為新威集團控股的基本盈利能力很可能低於其法定利潤。好的一面是,該公司在去年虧損後,表現出了足夠的改善,今年實現了盈利。當然,當談到分析其收益時,我們只是觸及了皮毛;人們還可以考慮利潤率、預測增長和投資回報等因素。因此,儘管盈利質量很重要,但考慮到Neway Group Holdings目前面臨的風險也同樣重要。例如-Neway Group Holdings擁有2個警告標誌我們認為你應該意識到。
今天,我們放大了一個數據點,以更好地瞭解Neway Group Holdings的利潤性質。但如果你有能力將注意力集中在細枝末節上,總會有更多的東西需要發現。一些人認為,高股本回報率是高質量企業的良好標誌。雖然這可能需要為您做一些研究,但您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。