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
![earnings-and-revenue-history](https://usnewsfile.futunn.com/pic/0-15327177-0-9d2eabd503e0c3ebd1b65a07beeb9f8d.png/big)
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
新威集团控股有限公司(HKG:55)近期强劲的收益对股价影响不大。我们相信,股东已经注意到了法定利润数字以外的一些令人担忧的因素。
查看我们对Neway Group Holdings的最新分析
![earnings-and-revenue-history](https://usnewsfile.futunn.com/pic/0-15327177-0-9d2eabd503e0c3ebd1b65a07beeb9f8d.png/big)
联交所:55盈利及收入历史2022年10月4日
不寻常的项目如何影响利润?
对于任何想要了解新威集团控股公司法定数字以外的利润的人来说,重要的是要注意到,在过去12个月里,从价值7700万港元的不寻常项目中获得了法定利润。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。考虑到这些提振被描述为“不寻常的”,这正如你所预期的那样。我们可以看到,在截至2022年6月的一年中,新威集团控股的积极异常项目与其利润相比相当重要。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Neway Group Holdings的资产负债表分析。
我们对新威集团控股公司利润表现的看法
正如前面提到的,新威集团控股有限公司从不寻常项目中获得的巨大提振不会无限期地存在,因此其法定收益可能不能很好地反映其潜在的盈利能力。因此,我们认为新威集团控股的基本盈利能力很可能低于其法定利润。好的一面是,该公司在去年亏损后,表现出了足够的改善,今年实现了盈利。当然,当谈到分析其收益时,我们只是触及了皮毛;人们还可以考虑利润率、预测增长和投资回报等因素。因此,尽管盈利质量很重要,但考虑到Neway Group Holdings目前面临的风险也同样重要。例如-Neway Group Holdings拥有2个警告标志我们认为你应该意识到。
今天,我们放大了一个数据点,以更好地了解Neway Group Holdings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。一些人认为,高股本回报率是高质量企业的良好标志。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。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
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。