Federal International (2000) Ltd's (SGX:BDU) stock was strong after they reported robust earnings. However, our analysis suggests that shareholders may be missing some factors that indicate the earnings result was not as good as it looked.
Check out our latest analysis for Federal International (2000)
SGX:BDU Earnings and Revenue History August 19th 2022
How Do Unusual Items Influence Profit?
To properly understand Federal International (2000)'s profit results, we need to consider the S$1.2m gain attributed to unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. Federal International (2000) 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 Federal International (2000).
Our Take On Federal International (2000)'s Profit Performance
As we discussed above, we think the significant positive unusual item makes Federal International (2000)'s earnings a poor guide to its underlying profitability. For this reason, we think that Federal International (2000)'s statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. The good news is that it earned a profit in the last twelve months, despite its previous loss. 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. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. Case in point: We've spotted 4 warning signs for Federal International (2000) you should be mindful of and 2 of these make us uncomfortable.
Today we've zoomed in on a single data point to better understand the nature of Federal International (2000)'s profit. But there is always more to discover if you are capable of focussing your mind on minutiae. 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.
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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.
联邦国际(2000)有限公司 (SGX: BDU) 的股票在公布强劲收益后表现强劲。但是,我们的分析表明,股东可能遗漏了一些表明收益结果不如看起来那么好的因素。
查看我们对联邦国际(2000)的最新分析
新加坡证券交易所:BDU 收益和收入历史 2022 年 8 月 19 日
不寻常的物品如何影响利润?
为了正确理解联邦国际(2000)的利润业绩,我们需要考虑归因于异常项目的120万新元收益。虽然获得更高的利润总是一件好事,但来自不寻常物品的巨额捐款有时会抑制我们的热情。我们计算了全球大多数上市公司的数字,不寻常的物品本质上是一次性的,这种情况很常见。而且,毕竟,这正是会计术语所暗示的。联邦国际(2000)在截至2022年6月的利润中,来自不寻常项目的贡献相当可观。因此,我们可以推测,这些不寻常物品的法定利润比原本要高得多。
注意: 我们始终建议投资者检查资产负债表的强度。点击此处查看我们对联邦国际(2000)的资产负债表分析。
我们对联邦国际(2000)利润表现的看法
正如我们上面讨论的那样,我们认为这个重大的正面异常项目使联邦国际(2000)的收益无法很好地指导其基本盈利能力。出于这个原因,我们认为联邦国际(2000)的法定利润可能不足以指导其基本盈利能力,并可能使投资者对公司产生过于积极的印象。好消息是,尽管此前曾出现亏损,但它在过去十二个月中还是获得了利润。归根结底,如果你想正确地了解公司,就必须考虑的不仅仅是上述因素。考虑到这一点,除非我们对风险有透彻的了解,否则我们不会考虑投资股票。一个很好的例子:我们发现了 联邦国际的 4 个警告标志 (2000) 你应该注意,其中有两个让我们感到不舒服。
今天,我们放大了单个数据点,以更好地了解联邦国际(2000)利润的性质。但是,如果你能够将注意力集中在细节上,总会有更多东西需要发现。有些人认为高股本回报率是优质业务的好兆头。虽然可能需要你进行一些研究,但你可能会发现这一点 免费的 一系列拥有高股本回报率的公司,或者这份内部人士为了有用而买入的股票清单。
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Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用不偏不倚的方法根据历史数据和分析师预测提供评论,我们的文章并非旨在提供财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之,华尔街对上述任何股票都没有头寸。