Some May Be Optimistic About GeoPark's (NYSE:GPRK) Earnings
Some May Be Optimistic About GeoPark's (NYSE:GPRK) Earnings
The market for GeoPark Limited's (NYSE:GPRK) shares didn't move much after it posted weak earnings recently. We did some digging, and we believe the earnings are stronger than they seem.
GeoPark有限公司(紐交所:GPRK)股票的市場在最近公佈弱勢收益後並沒有有太大波動。我們進行了一些調查,我們認爲收益比它們看起來更強。
A Closer Look At GeoPark's Earnings
對GeoPark的收益進行更詳細的分析
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. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'.
在高金融領域,用於衡量公司將其報告利潤轉化爲自由現金流(FCF)的關鍵比率是從現金流量中計算的應計率。簡單點來說,這個比率從淨利潤中減去自由現金流,然後將這個數字除以公司在那段時間內的平均營業資產。從現金流來看,你可以把它看作是「非FCF利潤率」。
That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth.
這意味着負應計比率是一件好事,因爲它表明公司帶來的自由現金流比其利潤所建議的要多。這並不意味着我們應該擔心正應計比率,但值得注意的是應計比率相當高的地方。這是因爲一些學術研究表明,高應計比率往往會導致利潤降低或利潤增長較少。
For the year to September 2024, GeoPark had an accrual ratio of -0.11. That indicates that its free cash flow was a fair bit more than its statutory profit. Indeed, in the last twelve months it reported free cash flow of US$170m, well over the US$107.3m it reported in profit. GeoPark's free cash flow improved over the last year, which is generally good to see.
截至2024年9月的這一年,GeoPark的權責發生制比率爲-0.11。這表明其自由現金流比其法定利潤高得多。事實上,在過去十二個月中,它報告了高達17000萬美元的自由現金流,遠遠超過其10730萬美元的利潤。GeoPark的自由現金流在過去一年中有所改善,這通常是一個好兆頭。
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 GeoPark's Profit Performance
關於geopark利潤表現的看法
GeoPark's accrual ratio is solid, and indicates strong free cash flow, as we discussed, above. Based on this observation, we consider it likely that GeoPark's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. 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. If you want to do dive deeper into GeoPark, you'd also look into what risks it is currently facing. For example - GeoPark has 2 warning signs we think you should be aware of.
geopark的應計比率穩固,顯示出強勁的自由現金流,正如我們上面討論過的那樣。基於這一觀察結果,我們認爲geopark的法定利潤實際上低估了其盈利潛力!不幸的是,過去一年其每股收益實際上下降了。這篇文章的目的是評估我們能否依賴法定盈利來反映公司的潛力,但還有很多要考慮。如果你想更深入地了解geopark,還應該研究它目前面臨的風險。例如 - geopark有2個警示標誌,我們認爲你應該注意。
Today we've zoomed in on a single data point to better understand the nature of GeoPark'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 with significant insider holdings to be useful.
今天,我們將把注意力集中在一個單一數據點上,以更好地了解geopark利潤的性質。但若您能集中注意力於細微之處,總還會有更多發現。一些人認爲高淨資產收益率是優質企業的一個良好跡象。雖然這可能需要您稍作研究,但您可能會發現,這些擁有高淨資產收益率的公司的免費收藏,或者這份擁有重大內部持股的股票清單,會對您有所幫助。
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
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