Seacon Shipping Group Holdings Past Earnings Performance
Past criteria checks 4/6
Seacon Shipping Group Holdings has been growing earnings at an average annual rate of 19.7%, while the Shipping industry saw earnings growing at 38.6% annually. Revenues have been growing at an average rate of 2% per year. Seacon Shipping Group Holdings's return on equity is 23.1%, and it has net margins of 14.7%.
Key information
19.7%
Earnings growth rate
1.7%
EPS growth rate
| Shipping Industry Growth | 61.1% |
| Revenue growth rate | 2.0% |
| Return on equity | 23.1% |
| Net Margin | 14.7% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Seacon Shipping Group Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 278 | 41 | 14 | 0 |
| 31 Mar 24 | 268 | 31 | 14 | 0 |
| 31 Dec 23 | 259 | 21 | 14 | 0 |
| 30 Sep 23 | 263 | 19 | 14 | 0 |
| 30 Jun 23 | 272 | 33 | 14 | 0 |
| 31 Mar 23 | 316 | 45 | 13 | 0 |
| 31 Dec 22 | 359 | 57 | 11 | 0 |
| 30 Sep 22 | 393 | 59 | 19 | 0 |
| 31 Dec 21 | 373 | 34 | 17 | 0 |
| 31 Dec 20 | 179 | 0 | 6 | 0 |
| 31 Dec 19 | 136 | 8 | 4 | 0 |
Quality Earnings: K2N has a high level of non-cash earnings.
Growing Profit Margin: K2N's current net profit margins (14.7%) are higher than last year (12%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: K2N's earnings have grown by 19.7% per year over the past 5 years.
Accelerating Growth: K2N's earnings growth over the past year (25.1%) exceeds its 5-year average (19.7% per year).
Earnings vs Industry: K2N earnings growth over the past year (25.1%) exceeded the Shipping industry -34%.
Return on Equity
High ROE: Whilst K2N's Return on Equity (23.09%) is high, this metric is skewed due to their high level of debt.