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Singapore Post's (SGX:S08) Shareholders May Want To Dig Deeper Than Statutory Profit

Singapore Post's (SGX:S08) Shareholders May Want To Dig Deeper Than Statutory Profit

新加坡郵政(SGX: S08)的股東可能希望獲得比法定利潤更深入的挖掘
Simply Wall St ·  05/21 07:57

Singapore Post Limited's (SGX:S08) robust recent earnings didn't do much to move the stock. However the statutory profit number doesn't tell the whole story, and we have found some factors which might be of concern to shareholders.

新加坡郵政有限公司(SGX: S08)近期的強勁收益並未對該股產生太大影響。但是,法定利潤數字並不能說明全部情況,我們發現了一些可能引起股東關注的因素。

earnings-and-revenue-history
SGX:S08 Earnings and Revenue History May 20th 2024
新加坡證券交易所:S08 收益和收入歷史記錄 2024 年 5 月 20 日

How Do Unusual Items Influence Profit?

不尋常的物品如何影響利潤?

For anyone who wants to understand Singapore Post's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from S$37m worth of unusual items. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. 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'. Singapore Post had a rather significant contribution from unusual items relative to its profit to March 2024. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.

對於任何想了解新加坡郵政在法定數字之外的利潤的人來說,值得注意的是,在過去的十二個月中,價值3700萬新元的不尋常物品獲得了法定利潤。雖然獲得更高的利潤總是件好事,但來自不尋常物品的巨額捐款有時會抑制我們的熱情。當我們分析全球絕大多數上市公司時,我們發現重大不尋常的事項往往不會重演。這正如你所預料的那樣,因爲這些增強被描述爲 “不尋常”。截至2024年3月,新加坡郵政的不尋常物品對其利潤做出了相當大的貢獻。因此,我們可以推測,這些不尋常的物品使其法定利潤明顯高於原來的水平。

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.

這可能會讓你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根據他們的估計描繪未來盈利能力的交互式圖表。

Our Take On Singapore Post's Profit Performance

我們對新加坡郵政盈利表現的看法

As previously mentioned, Singapore Post's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. For this reason, we think that Singapore Post's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. But on the bright side, its earnings per share have grown at an extremely impressive rate 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. So while earnings quality is important, it's equally important to consider the risks facing Singapore Post at this point in time. Case in point: We've spotted 1 warning sign for Singapore Post you should be aware of.

如前所述,新加坡郵政不會無限期地從不尋常的項目中獲得巨大提振,因此其法定收益可能無法很好地指導其潛在盈利能力。出於這個原因,我們認爲新加坡郵政的法定利潤可能不利於其潛在盈利能力,並可能給投資者留下過於積極的印象。但好的一面是,其每股收益在過去三年中以極其驚人的速度增長。本文的目標是評估我們在多大程度上可以依靠法定收益來反映公司的潛力,但還有很多需要考慮的地方。因此,儘管收益質量很重要,但考慮新加坡郵政目前面臨的風險同樣重要。一個很好的例子:我們發現了新加坡郵政的一個警告標誌,你應該注意。

Today we've zoomed in on a single data point to better understand the nature of Singapore Post'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 with high insider ownership.

今天,我們放大了單一數據點,以更好地了解新加坡郵政利潤的性質。但是,如果你能夠將注意力集中在細節上,總會有更多的事情需要發現。有些人認爲高股本回報率是優質業務的好兆頭。因此,你可能希望看到這份擁有高股本回報率的公司的免費集合,或者這份內部所有權高的股票清單。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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