The subdued market reaction suggests that Ellipsiz Ltd's (SGX:BIX) recent earnings didn't contain any surprises. Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers.
See our latest analysis for Ellipsiz
SGX:BIX Earnings and Revenue History September 1st 2022
The Impact Of Unusual Items On Profit
Importantly, our data indicates that Ellipsiz's profit received a boost of S$1.9m in unusual items, over the last year. 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. Which is hardly surprising, given the name. We can see that Ellipsiz's positive unusual items were quite significant relative to its profit in the year 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 Ellipsiz.
Our Take On Ellipsiz's Profit Performance
As we discussed above, we think the significant positive unusual item makes Ellipsiz's earnings a poor guide to its underlying profitability. For this reason, we think that Ellipsiz's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. Sadly, its EPS was down over the last twelve months. 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. To that end, you should learn about the 3 warning signs we've spotted with Ellipsiz (including 1 which is a bit concerning).
Today we've zoomed in on a single data point to better understand the nature of Ellipsiz'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. 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.
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.
低迷的市場反應表明Ellipsiz有限公司的(新加坡證券交易所股票代碼:BIX)最近的收益不包含任何意外。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Ellipsiz的最新分析
新交所:BIX收益和收入歷史2022年9月1日
異常項目對利潤的影響
重要的是,我們的數據顯示,在過去一年中,Ellipsiz的利潤在不尋常的項目上增加了190萬新元。雖然有更高的利潤總是好事,但不尋常的東西帶來的巨大貢獻有時會挫傷我們的熱情。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。我們可以看到,在截至2022年6月的一年中,Ellipsiz的積極異常項目與其利潤相比相當重要。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。單擊此處查看我們對Ellipsiz的資產負債表分析。
我們對Ellipsiz的利潤表現的看法
正如我們上面討論的,我們認為重要的積極的不尋常項目使Ellipsiz的收益不能很好地反映其潛在的盈利能力。出於這個原因,我們認為Ellipsiz的法定利潤可能是其潛在盈利能力的不良指引,可能會給投資者帶來對該公司過於樂觀的印象。遺憾的是,在過去的12個月裏,它的每股收益一直在下降。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。考慮到這一點,除非我們對風險有透徹的瞭解,否則我們不會考慮投資股票。為此,您應該瞭解3個警示標誌我們已經發現了Ellipsiz(包括1,這有點令人擔憂)。
今天,我們放大了一個數據點,以更好地瞭解Ellipsiz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。一些人認為,高股本回報率是高質量企業的良好標誌。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。