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Copa Holdings' (NYSE:CPA) Solid Profits Have Weak Fundamentals

Copa Holdings' (NYSE:CPA) Solid Profits Have Weak Fundamentals

Copa Holdings(紐約證券交易所代碼:CPA)的穩健利潤基本面疲軟
Simply Wall St ·  05/23 20:14

Copa Holdings, S.A. (NYSE:CPA) announced strong profits, but the stock was stagnant. Our analysis suggests that this might be because shareholders have noticed some concerning underlying factors.

Copa Holdings, S.A.(紐約證券交易所代碼:CPA)宣佈了強勁的利潤,但該股停滯不前。我們的分析表明,這可能是因爲股東已經注意到了一些相關的潛在因素。

earnings-and-revenue-history
NYSE:CPA Earnings and Revenue History May 23rd 2024
紐約證券交易所:註冊會計師收益和收入歷史記錄 2024 年 5 月 23 日

To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. Copa Holdings expanded the number of shares on issue by 6.8% over the last year. As a result, its net income is now split between a greater number of shares. To celebrate net income while ignoring dilution is like rejoicing because you have a single slice of a larger pizza, but ignoring the fact that the pizza is now cut into many more slices. Check out Copa Holdings' historical EPS growth by clicking on this link.

要了解公司收益增長的價值,必須考慮削弱股東的利益。去年,Copa Holdings將已發行股票數量增加了6.8%。結果,其淨收入現在分成了更多的股票。在慶祝淨收入的同時忽略稀釋就像歡欣鼓舞,因爲你只有一片更大的披薩,但卻忽略了披薩現在被切成更多片的事實。點擊此鏈接,查看Copa Holdings的歷史每股收益增長。

A Look At The Impact Of Copa Holdings' Dilution On Its Earnings Per Share (EPS)

看看Copa Holdings的稀釋對其每股收益(EPS)的影響

Copa Holdings was losing money three years ago. The good news is that profit was up 26% in the last twelve months. On the other hand, earnings per share are only up 64% over the same period. Therefore, the dilution is having a noteworthy influence on shareholder returns.

三年前,Copa Holdings出現了虧損。好消息是,在過去的十二個月中,利潤增長了26%。另一方面,收益 每股 同期僅上漲了64%。因此,稀釋對股東回報產生了顯著影響。

Changes in the share price do tend to reflect changes in earnings per share, in the long run. So Copa Holdings shareholders will want to see that EPS figure continue to increase. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow.

從長遠來看,股價的變化往往會反映每股收益的變化。因此,Copa Holdings的股東們希望看到每股收益繼續增加。但另一方面,得知利潤(但不是每股收益)在改善,我們就不那麼興奮了。出於這個原因,你可以說從長遠來看,每股收益比淨收入更重要,前提是目標是評估公司的股價是否可能上漲。

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 Copa Holdings' Profit Performance

我們對Copa Holdings盈利表現的看法

Copa Holdings shareholders should keep in mind how many new shares it is issuing, because, dilution clearly has the power to severely impact shareholder returns. Because of this, we think that it may be that Copa Holdings' statutory profits are better than its underlying earnings power. The good news is that, its earnings per share increased by 64% in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, we've discovered 2 warning signs that you should run your eye over to get a better picture of Copa Holdings.

Copa Holdings的股東應該記住它正在發行多少新股,因爲稀釋顯然會嚴重影響股東的回報。因此,我們認爲Copa Holdings的法定利潤可能好於其基礎盈利能力。好消息是,其每股收益在去年增長了64%。當然,我們只是在分析其收益時才浮出水面;人們還可以考慮利潤率、預測增長和投資回報率等因素。考慮到這一點,除非我們對風險有透徹的了解,否則我們不會考慮投資股票。例如,我們發現了兩個警告信號,爲了更好地了解Copa Holdings,你應該仔細檢查一下。

Today we've zoomed in on a single data point to better understand the nature of Copa Holdings' 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,我們放大了單一數據點,以更好地了解Copa Holdings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。雖然可能需要你進行一些研究,但你可能會發現這份免費收集的擁有高股本回報率的公司,或者這份擁有大量內幕持股的股票清單很有用。

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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