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.
立訊精密工業有限公司(SZSE:002475)宣佈強勁的利潤,但股票停滯不前。我們的分析表明,這可能是因爲股東注意到了一些令人擔憂的潛在因素。
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The Impact Of Unusual Items On Profit
除了稀釋之外,還應該注意的是,萬集科技在過去12個月中因不尋常項目獲得了價值人民幣3.5萬元的利潤。雖然我們希望看到利潤增加,但當這些不尋常項目對利潤做出重大貢獻時,我們會更加謹慎。我們對全球大部分上市公司的數據進行了分析,發現不尋常項目往往是一次性的。這正如我們所期望的那樣,因爲這些提升被描述爲"不尋常"。相對於其利潤而言,萬集科技在2021年12月前的不尋常項目貢獻大。因此,我們可以推斷出,這些不尋常項目正在使其財務利潤顯著增強。
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,我們的數據顯示,立訊精密工業的利潤在過去一年裏因非常規項目而獲得了15億人民幣的增加。雖然我們喜歡看到利潤增加,但當非常規項目對利潤做出重大貢獻時,我們往往會更加謹慎。當我們分析全球大多數上市公司時,我們發現重大的非常規項目通常不會重複出現。這符合預期,因爲這些增益被描述爲「非常規」。假設這些非常規項目在當前年份不再出現,我們預計下一年利潤將較弱(在沒有業務增長的情況下)。
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.
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 Luxshare Precision Industry's Profit Performance
我們對立訊精密工業的利潤表現的看法
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.
我們認爲立訊精密的法定收益並不能完全反映出其持續生產力,這是由於大量的飛凡項目。因此,我們認爲立訊精密的真正基本收益實際上可能低於其法定利潤。儘管如此, 值得注意的是,在過去三年中,其每股收益增長了51%。本文的目標是評估法定收益在反映公司潛力方面的可靠程度,但還有很多要考慮的因素。顯然,我們喜歡考慮歷史數據來了解我們對公司的看法。但考慮其他分析師的預測也非常有價值。幸運的是,您可以在此處查看其他分析師的預測。
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,我們把焦點放在了一個數據點上,以更好地了解立訊精密業績的本質。但了解公司的意見還有很多其他方法。有些人認爲高淨資產回報率是高質量業務的一個很好的標誌。雖然這可能需要您進行一些研究,但您可能會發現這個免費的高淨資產回報率的公司收藏夾,或這個持有重要內部持股的股票清單會非常有用。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。