Investors Shouldn't Be Too Comfortable With Luxshare Precision Industry's (SZSE:002475) Earnings
Investors Shouldn't Be Too Comfortable With Luxshare Precision Industry's (SZSE:002475) Earnings
Luxshare Precision Industry Co., Ltd. (SZSE:002475) announced strong profits, but the stock was stagnant. Our analysis suggests that this might be because shareholders have noticed some concerning underlying factors.
立讯精密工业有限公司(SZSE:002475)宣布强劲的利润,但股票停滞不前。我们的分析表明,这可能是因为股东注意到了一些令人担忧的潜在因素。
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The Impact Of Unusual Items On Profit
除了稀释之外,还应该注意的是,万集科技在过去12个月中因不寻常项目获得了价值人民币3.5万元的利润。虽然我们希望看到利润增加,但当这些不寻常项目对利润做出重大贡献时,我们会更加谨慎。我们对全球大部分上市公司的数据进行了分析,发现不寻常项目往往是一次性的。这正如我们所期望的那样,因为这些提升被描述为"不寻常"。相对于其利润而言,万集科技在2021年12月前的不寻常项目贡献大。因此,我们可以推断出,这些不寻常项目正在使其财务利润显著增强。
Importantly, our data indicates that Luxshare Precision Industry's profit received a boost of CN¥1.5b in unusual items, over the last year. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. 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).
重要的是,我们的数据显示,立讯精密工业的利润在过去一年里因非常规项目而获得了15亿人民币的增加。虽然我们喜欢看到利润增加,但当非常规项目对利润做出重大贡献时,我们往往会更加谨慎。当我们分析全球大多数上市公司时,我们发现重大的非常规项目通常不会重复出现。这符合预期,因为这些增益被描述为“非常规”。假设这些非常规项目在当前年份不再出现,我们预计下一年利润将较弱(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 Luxshare Precision Industry's Profit Performance
我们对立讯精密工业的利润表现的看法
We'd posit that Luxshare Precision Industry's statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Luxshare Precision Industry's true underlying earnings power is actually less than its statutory profit. Nonetheless, it's still worth noting that its earnings per share have grown at 51% over the last three years. 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. Obviously, we love to consider the historical data to inform our opinion of a company. But it can be really valuable to consider what other analysts are forecasting. Luckily, you can check out what analysts are forecasting by clicking here.
我们认为立讯精密的法定收益并不能完全反映出其持续生产力,这是由于大量的飞凡项目。因此,我们认为立讯精密的真正基本收益实际上可能低于其法定利润。尽管如此, 值得注意的是,在过去三年中,其每股收益增长了51%。本文的目标是评估法定收益在反映公司潜力方面的可靠程度,但还有很多要考虑的因素。显然,我们喜欢考虑历史数据来了解我们对公司的看法。但考虑其他分析师的预测也非常有价值。幸运的是,您可以在此处查看其他分析师的预测。
Today we've zoomed in on a single data point to better understand the nature of Luxshare Precision Industry's 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. 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 with significant insider holdings to be useful.
今天,我们把焦点放在了一个数据点上,以更好地了解立讯精密业绩的本质。但了解公司的意见还有很多其他方法。有些人认为高净资产回报率是高质量业务的一个很好的标志。虽然这可能需要您进行一些研究,但您可能会发现这个免费的高净资产回报率的公司收藏夹,或这个持有重要内部持股的股票清单会非常有用。
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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。