A lackluster earnings announcement from Chia Tai Enterprises International Limited (HKG:3839) last week didn't sink the stock price. Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers.
View our latest analysis for Chia Tai Enterprises International
![earnings-and-revenue-history](https://usnewsfile.futunn.com/pic/0-15295180-0-a3b9483cd582a15ce2da02262e3a1473.png/big)
SEHK:3839 Earnings and Revenue History October 3rd 2022
The Impact Of Unusual Items On Profit
Importantly, our data indicates that Chia Tai Enterprises International's profit received a boost of US$19m 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. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. Chia Tai Enterprises 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 Chia Tai Enterprises International.
Our Take On Chia Tai Enterprises International's Profit Performance
As we discussed above, we think the significant positive unusual item makes Chia Tai Enterprises International's earnings a poor guide to its underlying profitability. For this reason, we think that Chia Tai Enterprises International's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. In further bad news, its earnings per share decreased in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into Chia Tai Enterprises International, you'd also look into what risks it is currently facing. Every company has risks, and we've spotted 4 warning signs for Chia Tai Enterprises International (of which 1 is concerning!) you should know about.
Today we've zoomed in on a single data point to better understand the nature of Chia Tai Enterprises 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 that insiders are buying.
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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.
一份平淡無奇的財報正泰企業國際有限公司(HKG:3839)上週股價沒有下跌。我們的分析表明,除了疲軟的利潤數據外,投資者還應該意識到數字中的其他一些潛在弱點。
查看我們對正泰企業國際的最新分析
![earnings-and-revenue-history](https://usnewsfile.futunn.com/pic/0-15295180-0-a3b9483cd582a15ce2da02262e3a1473.png/big)
聯交所:3839盈利及收入歷史2022年10月3日
異常項目對利潤的影響
重要的是,我們的數據顯示,在過去的一年裏,正泰企業國際的利潤在異常項目上增加了1900萬美元。雖然我們喜歡看到利潤增加,但當不尋常的項目做出了很大貢獻時,我們往往會更加謹慎。我們對全球大多數上市公司進行了統計,不尋常的項目在性質上是一次性的,這是非常常見的。考慮到這個名字,這並不令人驚訝。截至2022年6月,建泰企業國際有限公司的非常項目相對於其利潤有相當大的貢獻。因此,我們可以推測,這些不尋常的項目使其法定利潤比其他情況下要強勁得多。
注:我們總是建議投資者檢查資產負債表的實力。點擊此處查看我們對正泰企業國際的資產負債表分析。
我們對正泰企業國際公司盈利表現的看法
正如我們上面討論的,我們認為重大的積極的不尋常項目使正泰企業國際的收益不能很好地反映其潛在的盈利能力。因此,我們認為正泰企業國際的法定利潤可能是其潛在盈利能力的不良指引,並可能給投資者對該公司過於樂觀的印象。更壞的消息是,該公司去年的每股收益有所下降。歸根結底,如果你想正確地瞭解這家公司,除了以上幾個因素之外,考慮其他因素也是至關重要的。如果你真的想更深入地研究正泰企業國際,你還應該調查它目前面臨的風險。每家公司都有風險,我們已經發現正泰企業國際的4個警示標誌(其中1個是有關的!)你應該知道。
今天,我們放大了一個數據點,以更好地瞭解正泰企業國際的利潤性質。但如果你有能力將注意力集中在細枝末節上,總會有更多的東西需要發現。例如,許多人認為高股本回報率是有利的商業經濟指標,而另一些人則喜歡“跟着錢走”,尋找內部人士正在買入的股票。所以你可能想看看這個免費擁有高股本回報率的公司的集合,或內部人士正在購買的這份股票清單。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。