Luk Fook Holdings (International)'s (HKG:590) Shareholders May Want To Dig Deeper Than Statutory Profit
Luk Fook Holdings (International)'s (HKG:590) Shareholders May Want To Dig Deeper Than Statutory Profit
Luk Fook Holdings (International) Limited's (HKG:590) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.
珑芝国际集团有限公司(HKG:590)的健康利润数字没有给投资者带来任何惊喜。我们认为,股东已经注意到了一些超出法定利润数字的令人担忧的因素。
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How Do Unusual Items Influence Profit?
非常规项目如何影响利润?
Importantly, our data indicates that Luk Fook Holdings (International)'s profit received a boost of HK$213m in unusual items, over the last year. 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'. 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).
更为重要的是,我们的数据表明,过去一年珑芝国际集团的利润在不寻常项目上获得了2,1300万港元的增长。虽然更高的利润总是令人高兴的,但来自不寻常项目的大量贡献有时会削弱我们的热情。我们对全球大多数上市公司进行了数据分析,发现不寻常项目往往具有一次性的特点。这是可以预料的,考虑到这些增益被描述为“不寻常”。假设这些不寻常项目在当前年度不再出现,那么我们预计利润在明年将会较弱(在没有业务增长的情况下)。
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.
这可能会让您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基于其估计的未来盈利能力的互动图表。
Our Take On Luk Fook Holdings (International)'s Profit Performance
我们对珑芝国际集团的利润表现的看法
Arguably, Luk Fook Holdings (International)'s statutory earnings have been distorted by unusual items boosting profit. Because of this, we think that it may be that Luk Fook Holdings (International)'s statutory profits are better than its underlying earnings power. But the good news is that its EPS growth over the last three years has been very impressive. 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. If you'd like to know more about Luk Fook Holdings (International) as a business, it's important to be aware of any risks it's facing. You'd be interested to know, that we found 1 warning sign for Luk Fook Holdings (International) and you'll want to know about this.
可以说,珑芝国际集团的法定盈利已被这些推动利润的不寻常项目扭曲了。因此,我们认为,珑芝国际集团的法定利润可能比其潜在盈利能力更好。但好消息是,它过去三年的每股收益增长非常令人印象深刻。当然,当涉及到分析其收益时,我们只是触及了表面;人们还可以考虑利润率、预测增长和投资回报率等其他因素。如果您想更了解珑芝国际集团的业务,那么了解可能面临的任何风险就十分重要。您会有兴趣知道,我们为珑芝国际集团发现了1个警告信号,您将想知道这个警告信号。
This note has only looked at a single factor that sheds light on the nature of Luk Fook Holdings (International)'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 with high insider ownership.
本笔记仅涉及揭示珑芝国际集团利润性质的单一因素。但是,如果您能集中注意力关注细节,就会发现更多有价值的信息。例如,许多人认为高回报率是有利的商业经济指标,而其他人则喜欢“跟着钱走”并寻找内部人员购买的股票。因此,您可能希望查看这个免费的高回报率公司收藏以及这个拥有高内部所有权的股票名单。
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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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。