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)
![earnings-and-revenue-history](https://usnewsfile.futunn.com/pic/0-13888892-0-e2ce3d3dfdb4305c733ede9cf78bd413.png/big)
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.
联邦国际(2000)有限公司(新加坡证券交易所股票代码:BDU)股价强劲,此前他们公布了强劲的收益。然而,我们的分析表明,股东可能遗漏了一些表明盈利结果并不像看起来那么好的因素。
查看我们对《联邦国际》(2000)的最新分析
![earnings-and-revenue-history](https://usnewsfile.futunn.com/pic/0-13888892-0-e2ce3d3dfdb4305c733ede9cf78bd413.png/big)
新交所:BDU收益和收入历史2022年8月19日
不寻常的项目如何影响利润?
为了正确理解联邦国际(2000)的利润业绩,我们需要考虑一下归因于不寻常项目的120万新元收益。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。我们对全球大多数上市公司进行了统计,不寻常的项目在性质上是一次性的,这是非常常见的。毕竟,这正是会计术语所暗示的。联邦国际(2000)在截至2022年6月的利润中,非常项目的贡献相当大。因此,我们可以推测,这些不寻常的项目使其法定利润比其他情况下要强劲得多。
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联邦国际(2000)的资产负债表分析。
我们对联邦国际(2000)盈利表现的看法
正如我们上面讨论的,我们认为重要的积极的不寻常项目使联邦国际(2000)的收益不能很好地反映其潜在的盈利能力。出于这个原因,我们认为联邦国际(2000)的法定利润可能是对其潜在盈利能力的不良指引,并可能给投资者带来对该公司过于乐观的印象。好消息是,尽管之前出现了亏损,但该公司在过去12个月里实现了盈利。归根结底,如果你想正确地了解这家公司,除了以上几个因素之外,考虑其他因素也是至关重要的。考虑到这一点,除非我们对风险有透彻的了解,否则我们不会考虑投资股票。一个恰当的例子:我们发现了4个联邦国际警示标志(2000)你应该注意,其中两个会让我们感到不舒服。
今天,为了更好地理解联邦国际(2000)利润的性质,我们聚焦了一个数据点。但如果你有能力将注意力集中在细节上,那么总会有更多的数据需要发现。有些人认为高股本回报率是高质量企业的良好标志。虽然可能需要为你做一些研究,但你可能会发现免费拥有高股本回报率的公司的集合,或者是内部人士购买的有用的股票清单。
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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。