Cirtek Holdings Limited's (HKG:1433) robust earnings report didn't manage to move the market for its stock. Our analysis suggests that shareholders have noticed something concerning in the numbers.
Check out our latest analysis for Cirtek Holdings
SEHK:1433 Earnings and Revenue History October 6th 2022
How Do Unusual Items Influence Profit?
To properly understand Cirtek Holdings' profit results, we need to consider the HK$1.7m gain attributed to unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. Which is hardly surprising, given the name. 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).
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Cirtek Holdings.
Our Take On Cirtek Holdings' Profit Performance
Arguably, Cirtek Holdings' statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Cirtek Holdings' true underlying earnings power is actually less than its statutory profit. But at least holders can take some solace from the 42% EPS growth in the 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 want to do dive deeper into Cirtek Holdings, you'd also look into what risks it is currently facing. Every company has risks, and we've spotted 3 warning signs for Cirtek Holdings (of which 1 doesn't sit too well with us!) you should know about.
This note has only looked at a single factor that sheds light on the nature of Cirtek 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.
Cirtek Holdings Limited的(HKG:1433)强劲的盈利报告未能推动其股票的市场走势。我们的分析表明,股东们注意到了数字中的一些令人担忧的地方。
查看我们对Cirtek Holdings的最新分析
联交所:1433盈利及收入历史2022年10月6日
不寻常的项目如何影响利润?
为了正确理解Cirtek Holdings的盈利业绩,我们需要考虑一下被归因于异常项目的170万港元收益。虽然有更高的利润总是好事,但不寻常的东西带来的巨大贡献有时会挫伤我们的热情。当我们分析了数千家上市公司的数据时,我们发现,在给定的一年中,不寻常的项目往往会带来提振不第二年又重复了一遍。考虑到这个名字,这并不令人惊讶。假设这些不同寻常的项目在本年度不会再次出现,我们因此预计明年的利润会更弱(也就是说,在没有业务增长的情况下)。
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Cirtek Holdings的资产负债表分析。
我们对Cirtek Holdings的利润表现的看法
可以说,Cirtek Holdings的法定收益被不寻常的提振利润的项目扭曲了。因此,在我们看来,Cirtek Holdings的真实基础盈利能力实际上可能低于其法定利润。但至少持有者可以从去年42%的每股收益增长中得到一些安慰。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。如果你真的想更深入地研究Cirtek Holdings,你还应该调查它目前面临的风险。每家公司都有风险,我们已经发现Cirtek Holdings的3个警告信号(其中1个与我们坐在一起不太好!)你应该知道。
这份报告只关注了一个因素,它揭示了Cirtek 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。