YHI International Limited's (SGX:BPF) robust recent earnings didn't do much to move the stock. We think this is due to investors looking beyond the statutory profits and being concerned with what they see.
View our latest analysis for YHI International

SGX:BPF Earnings and Revenue History August 19th 2022
The Impact Of Unusual Items On Profit
For anyone who wants to understand YHI International's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from S$6.3m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. 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'. YHI International 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 YHI International.
Our Take On YHI International's Profit Performance
As we discussed above, we think the significant positive unusual item makes YHI International's earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that YHI International's underlying earnings power is lower than its statutory profit. But on the bright side, its earnings per share have grown at an extremely impressive rate 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. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example - YHI International 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 YHI International'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 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.
裕亨國際有限公司 (新加坡證券代碼:BPF) 強勁的近期盈利對股票走勢沒有太大影像。我們認為這是由於投資者超越法定利潤,並關注他們所看到的情況。
查看我們對 YHI 國際的最新分析

新加坡:工聯收益和收入歷史 2022 年 8 月 19 日
不尋常的項目對利潤的影響
對於任何想要了解 YHI 國際超出法定數字的利潤的人來說,重要的是要注意,在過去十二個月中,從價值 6,300 萬新元的不尋常項目中獲得的法定利潤。雖然獲得更高的利潤總是很好的,但不尋常物品的巨大貢獻有時會抑制我們的熱情。當我們分析全球絕大多數上市公司時,我們發現重要的不尋常項目往往不會重複。這正如您所期望的那樣,鑑於這些加成被描述為「不尋常」。相對於 2022 年 6 月,YHI 國際的溢利來自不尋常項目的貢獻相當大。因此,我們可以推測這些不尋常的項目,使其法定利潤顯著比其他方面更為強大。
注意: 我們始終建議投資者檢查資產負債表實力。點擊此處查看我們對 YHI 國際的資產負債表分析。
我們對 YHI 國際盈利表現的看法
正如我們上面討論的那樣,我們認為重要的積極不尋常因素使 YHI 國際的盈利成為其潛在盈利能力的指南不佳。因此,我們認為 YHI 國際的基礎盈利能力很可能低於其法定利潤。但是從好的方面來看,在過去三年中,其每股收益以非常令人印象深刻的速度增長。這篇文章的目的是評估我們可以如何依賴法定收入來反映公司的潛力,但還有很多需要考慮的事情。有鑑於此,如果您想對公司進行更多分析,了解所涉及的風險至關重要。例如:YHI 萬通國際有限公司 2 警告標誌 我們認為您應該知道。
今天,我們放大了一個數據點,以更好地了解 YHI 國際的利潤性質。但是,還有很多其他方法可以告知您對公司的意見。有些人認為高股本回報率是一個優質企業的好標誌。雖然代表您可能需要一些研究,但您可能會發現 自由 集合擁有高股權回報率的公司,或者內部人士正在購買的股票這個名單是有用的。
對這篇文章有反饋嗎?關注內容? 取得聯繫 直接與我們聯繫。 或者,通過電子郵件發送電子郵件給編輯團隊。
這篇文章由簡單牆聖是一般性質. 我們僅使用公正的方法,根據歷史數據和分析師預測提供評論,我們的文章並不打算作為財務建議。 它並不構成購買或出售任何股票的建議,也不會考慮您的目標或您的財務狀況。我們的目標是為您帶來由基本數據驅動的長期集中分析。請注意,我們的分析可能不會考慮最新的價格敏感公司公告或定性材料。簡易華街在提及的任何股票中都沒有倉位。