The market for Wai Kee Holdings Limited's (HKG:610) shares didn't move much after it posted weak earnings recently. Our analysis suggests that while the profits are soft, the foundations of the business are strong.
View our latest analysis for Wai Kee Holdings
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SEHK:610 Earnings and Revenue History September 22nd 2022
The Impact Of Unusual Items On Profit
For anyone who wants to understand Wai Kee Holdings' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by HK$200m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. Wai Kee Holdings took a rather significant hit from unusual items in the year to June 2022. All else being equal, this would likely have the effect of making the statutory profit look worse than its underlying earnings power.
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Wai Kee Holdings.
Our Take On Wai Kee Holdings' Profit Performance
As we mentioned previously, the Wai Kee Holdings' profit was hampered by unusual items in the last year. Because of this, we think Wai Kee Holdings' underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! On the other hand, its EPS actually shrunk in the last twelve months. 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. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Case in point: We've spotted 3 warning signs for Wai Kee Holdings you should be mindful of and 1 of these is a bit concerning.
Today we've zoomed in on a single data point to better understand the nature of Wai Kee Holdings' 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. 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.
中国的市场惠记集团有限公司(HKG:610)在最近公布疲弱的收益后,股价没有太大变动。我们的分析表明,尽管利润疲软,但业务的基础是强大的。
查看我们对伟记控股的最新分析
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联交所:610盈利及收入历史2022年9月22日
异常项目对利润的影响
对于任何想要了解惠记控股利润的人来说,重要的是要注意到,在过去12个月里,由于不寻常的项目,法定利润减少了2亿港元。虽然最初由于不寻常的项目而扣除的金额令人失望,但也有一线希望。我们查看了数千家上市公司,发现不寻常的项目往往是一次性的。毕竟,这正是会计术语所暗示的。在截至2022年6月的一年里,伟记控股因不寻常的项目而遭受了相当大的打击。在其他条件不变的情况下,这很可能会导致法定利润看起来比潜在的盈利能力更糟糕。
注:我们总是建议投资者检查资产负债表的实力。点击此处进入我们对伟记控股的资产负债表分析。
我们对伟记控股盈利表现的看法
正如我们先前所说,伟记控股去年的盈利受到不寻常项目的影响。正因为如此,我们认为惠记控股的潜在盈利潜力与法定利润看起来一样好,甚至可能更好!另一方面,它的每股收益在过去12个月里实际上出现了缩水。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。因此,如果你想更深入地研究这只股票,考虑它面临的任何风险是至关重要的。一个恰当的例子:我们发现了惠记控股的3个警告标志你应该注意这一点,其中一点是有点令人担忧的。
今天,我们放大了一个数据点,以更好地了解惠记控股的利润性质。但如果你有能力将注意力集中在细枝末节上,总会有更多的东西需要发现。例如,许多人认为高股本回报率是有利的商业经济指标,而另一些人则喜欢“跟着钱走”,寻找内部人士正在买入的股票。虽然这可能需要为您做一些研究,但您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。