Yoma Strategic Holdings Ltd. (SGX:Z59) just reported some strong earnings, and the market reacted accordingly with a healthy uplift in the share price. However, our analysis suggests that shareholders may be missing some factors that indicate the earnings result was not as good as it looked.
SGX:Z59 Earnings and Revenue History June 4th 2024
How Do Unusual Items Influence Profit?
To properly understand Yoma Strategic Holdings' profit results, we need to consider the US$40m 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. Which is hardly surprising, given the name. Yoma Strategic Holdings 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.
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Yoma Strategic Holdings.
Our Take On Yoma Strategic Holdings' Profit Performance
As previously mentioned, Yoma Strategic Holdings' large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. As a result, we think it may well be the case that Yoma Strategic Holdings' underlying earnings power is lower than its statutory profit. On the bright side, the company showed enough improvement to book a profit this year, after losing money 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. If you'd like to know more about Yoma Strategic Holdings as a business, it's important to be aware of any risks it's facing. For example, we've discovered 2 warning signs that you should run your eye over to get a better picture of Yoma Strategic Holdings.
This note has only looked at a single factor that sheds light on the nature of Yoma Strategic 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. 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.
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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.
Yoma Strategic Holdings Ltd.(新交所股票代碼:Z59)剛剛公佈了一些強勁的收益,市場隨之做出反應,股價健康上漲。但是,我們的分析表明,股東可能遺漏了一些表明盈利業績不如預期的因素。
新加坡證券交易所:Z59 收益和收入歷史記錄 2024 年 6 月 4 日
不尋常的物品如何影響利潤?
爲了正確了解Yoma Strategic Holdings的利潤業績,我們需要考慮不尋常項目帶來的4000萬美元收益。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。我們統計了全球大多數上市公司的數字,不尋常的物品在自然界中很常見。考慮到這個名字,這並不奇怪。截至2024年3月,Yoma Strategic Holdings從不尋常的項目中獲得了相當大的利潤。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。
注意:我們始終建議投資者檢查資產負債表的實力。點擊此處查看我們對Yoma Strategic Holdings的資產負債表分析。
我們對Yoma Strategic Holdings盈利表現的看法
如前所述,Yoma Strategic Holdings不會無限期地從不尋常項目中獲得巨額提振,因此其法定收益可能無法很好地指導其潛在盈利能力。因此,我們認爲Yoma Strategic Holdings的基礎盈利能力很可能低於其法定利潤。好的一面是,該公司在去年虧損之後,表現出了足夠的改善,今年實現了盈利。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。如果您想進一步了解Yoma Strategic Holdings作爲一家企業,請務必了解其面臨的任何風險。例如,我們發現了兩個警告信號,爲了更好地了解Yoma Strategic Holdings,你應該仔細檢查一下。
本報告僅研究了揭示Yoma Strategic Holdings利潤性質的單一因素。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。
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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。