Limbach Holdings' (NASDAQ:LMB) Earnings Seem To Be Promising
Limbach Holdings' (NASDAQ:LMB) Earnings Seem To Be Promising
Shareholders appeared to be happy with Limbach Holdings, Inc.'s (NASDAQ:LMB) solid earnings report last week. According to our analysis of the report, the strong headline profit numbers are supported by strong earnings fundamentals.
Limbach Holdings, Inc. (NASDAQ:LMB)上週發佈了強勁的業績,股東們看起來很高興。根據我們對報告的分析,強勁的頭條利潤數字得到了強有力的基本盈利數的支持。
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Examining Cashflow Against Limbach Holdings' Earnings
檢視Limbach Holdings的現金流情況對其盈利狀況的影響
In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. This ratio tells us how much of a company's profit is not backed by free cashflow.
在高級金融領域,衡量公司將報告的利潤轉化爲自由現金流(FCF)的關鍵比率是應計比率(從現金流量中)。簡而言之,此比率將FCF從淨利潤中扣除,然後將該數字除以該期間內公司的平均營運資產。這個比率告訴我們公司利潤中有多少不由自由現金流支持。
Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.
因此,當一個公司的應計項目比率爲負時,實際上是一件好事,但如果它的應計項目比率爲正,則是一件壞事。雖然應計項目比率超過零不太值得關注,但我們認爲當一個公司的應計項目比率相對較高時值得注意。需要注意的是,一些學術證據表明,高應計項目比率通常是短期利潤的一個不好的跡象。
For the year to June 2024, Limbach Holdings had an accrual ratio of -0.14. That indicates that its free cash flow quite significantly exceeded its statutory profit. To wit, it produced free cash flow of US$37m during the period, dwarfing its reported profit of US$26.0m. Limbach Holdings' free cash flow actually declined over the last year, which is disappointing, like non-biodegradable balloons.
在2024年6月份的一整年,Limbach Holdings的應計比率爲-0.14。這表明其自由現金流顯著超過其法定盈利。因此,在此期間,Limbach Holdings實現了3700萬美元的自由現金流,超過其2600萬美元的報告盈利。而且,Limbach Holdings的自由現金流在過去一年裏實際上有所下降,這令人失望,就像不能生物降解的氣球一樣。
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.
這可能會讓您想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看基於其估計的未來盈利能力的互動圖表。
Our Take On Limbach Holdings' Profit Performance
我們對Limbach Holdings的盈利表現的看法
Limbach Holdings' accrual ratio is solid, and indicates strong free cash flow, as we discussed, above. Based on this observation, we consider it likely that Limbach Holdings' statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at an extremely impressive rate over the last three years. 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. So while earnings quality is important, it's equally important to consider the risks facing Limbach Holdings at this point in time. Case in point: We've spotted 1 warning sign for Limbach Holdings you should be aware of.
Limbach Holdings的應計比率很穩健,這表明其有強有力的自由現金流,正如我們上面討論的那樣。基於這一觀察,我們認爲Limbach Holdings的法定盈利實際上低估了其盈利潛力!而且,其每股盈利在過去三年裏增長了極其驚人的速度。歸根結底,如果您想正確地了解公司,必須考慮更多的因素。因此,雖然盈利質量很重要,但在目前這個時刻,考慮Limbach Holdings面臨的風險同樣重要。例如:我們發現Limbach Holdings存在1個警告信號,您需要注意。
Today we've zoomed in on a single data point to better understand the nature of Limbach Holdings' profit. But there are plenty of other ways to inform your opinion of a company. 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.
今天我們着眼於單一數據點,以更好地了解Limbach Holdings的盈利性質。但是,了解公司的觀點有很多其他的方法。例如,許多人認爲高股本回報率是有利的商業經濟指標,而其他人則喜歡「跟着錢走」,尋找內部人購買的股票。因此,您可能希望查看此高股本回報率公司的免費收藏,或此高內部擁有權的股票列表。
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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.
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。