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We Think You Should Be Aware Of Some Concerning Factors In Goertek's (SZSE:002241) Earnings

We Think You Should Be Aware Of Some Concerning Factors In Goertek's (SZSE:002241) Earnings

我们认为您应该了解歌尔科(SZSE:002241)收益中的一些相关因素
Simply Wall St ·  05/01 19:16

Following the solid earnings report from Goertek Inc. (SZSE:002241), the market responded by bidding up the stock price. While the profit numbers were good, our analysis has found some concerning factors that shareholders should be aware of.

继歌尔公司(深圳证券交易所:002241)发布稳健的收益报告之后,市场的回应是提高了股价。尽管利润数字不错,但我们的分析发现了一些股东应该注意的令人担忧的因素。

earnings-and-revenue-history
SZSE:002241 Earnings and Revenue History May 1st 2024
SZSE: 002241 2024 年 5 月 1 日的收益和收入历史记录

The Impact Of Unusual Items On Profit

不寻常物品对利润的影响

To properly understand Goertek's profit results, we need to consider the CN¥403m 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 that's as you'd expect, given these boosts are described as 'unusual'. We can see that Goertek's positive unusual items were quite significant relative to its profit in the year to March 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power.

为了正确理解歌尔泰克的利润业绩,我们需要考虑不寻常项目带来的4.03亿元人民币的收益。虽然获得更高的利润总是件好事,但来自不寻常物品的巨额捐款有时会抑制我们的热情。我们统计了全球大多数上市公司的数字,不寻常的物品在自然界中很常见。这正如你所预料的那样,因为这些增强被描述为 “不寻常”。我们可以看到,截至2024年3月的一年中,歌尔科技的不寻常积极项目相对于其利润相当可观。在其他条件相同的情况下,这可能会使法定利润成为衡量潜在盈利能力的不良指导。

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.

这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。

Our Take On Goertek's Profit Performance

我们对歌尔泰克利润表现的看法

As previously mentioned, Goertek's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. For this reason, we think that Goertek's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. But at least holders can take some solace from the 44% EPS growth in the last year. 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. If you want to do dive deeper into Goertek, you'd also look into what risks it is currently facing. For example - Goertek has 1 warning sign we think you should be aware of.

如前所述,Goertek不会无限期地从不寻常的项目中获得巨大提振,因此其法定收益可能无法很好地指导其潜在盈利能力。出于这个原因,我们认为歌尔泰克的法定利润可能不利于其潜在盈利能力,并可能给投资者留下过于积极的公司印象。但是,至少持有人可以从去年44%的每股收益增长中得到一些安慰。归根结底,如果你想正确地了解公司,必须考虑的不仅仅是上述因素。如果你想更深入地了解歌尔泰克,你还需要研究它目前面临的风险。例如-Goertek 有 1 个警告标志,我们认为您应该注意。

Today we've zoomed in on a single data point to better understand the nature of Goertek's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. 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.

今天,我们放大了单个数据点,以更好地了解歌尔泰克利润的性质。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。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。因此,你可能希望看到这份免费收藏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。

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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。

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