Middle East Glass Manufacturing CompanyE Past Earnings Performance
Past criteria checks 5/6
Middle East Glass Manufacturing CompanyE has been growing earnings at an average annual rate of 45.1%, while the Packaging industry saw earnings growing at 19.8% annually. Revenues have been growing at an average rate of 19.3% per year. Middle East Glass Manufacturing CompanyE's return on equity is 41.6%, and it has net margins of 13.8%.
Key information
45.1%
Earnings growth rate
40.9%
EPS growth rate
| Packaging Industry Growth | 9.4% |
| Revenue growth rate | 19.3% |
| Return on equity | 41.6% |
| Net Margin | 13.8% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Middle East Glass Manufacturing CompanyE 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 |
|---|---|---|---|---|
| 31 Dec 23 | 4,013 | 553 | 276 | 0 |
| 30 Sep 23 | 3,789 | 249 | 260 | 0 |
| 30 Jun 23 | 3,466 | 95 | 239 | 0 |
| 31 Mar 23 | 3,115 | 66 | 221 | 0 |
| 31 Dec 22 | 2,764 | 37 | 213 | 0 |
| 30 Sep 22 | 2,420 | 207 | 152 | 0 |
| 30 Jun 22 | 2,148 | 179 | 181 | 0 |
| 31 Mar 22 | 1,951 | 153 | 136 | 0 |
| 31 Dec 21 | 1,789 | 152 | 174 | 0 |
| 30 Sep 21 | 1,788 | 243 | 108 | 0 |
| 30 Jun 21 | 1,725 | 188 | 98 | 0 |
| 31 Mar 21 | 1,655 | 113 | 291 | 0 |
| 31 Dec 20 | 1,603 | 75 | 161 | 0 |
| 30 Sep 20 | 1,595 | -42 | 302 | 0 |
| 30 Jun 20 | 1,617 | 9 | 308 | 0 |
| 31 Mar 20 | 1,684 | 68 | 301 | 0 |
| 31 Dec 19 | 1,715 | 92 | 291 | 0 |
| 30 Sep 19 | 1,729 | 70 | 280 | 0 |
| 30 Jun 19 | 1,711 | 16 | 281 | 0 |
| 31 Mar 19 | 1,681 | -15 | 298 | 0 |
| 31 Dec 18 | 1,602 | -69 | 307 | 0 |
| 30 Sep 18 | 1,509 | -19 | 298 | 0 |
| 30 Jun 18 | 1,440 | 4 | 294 | 0 |
| 31 Mar 18 | 1,383 | 18 | 281 | 0 |
| 31 Dec 17 | 1,349 | 16 | 257 | 0 |
| 30 Sep 17 | 923 | -502 | 233 | 0 |
| 30 Jun 17 | 920 | -515 | 205 | 0 |
| 31 Mar 17 | 933 | -557 | 196 | 0 |
| 31 Dec 16 | 824 | -640 | 173 | 0 |
| 30 Sep 16 | 1,135 | -92 | 158 | 0 |
| 30 Jun 16 | 1,023 | -87 | 134 | 0 |
| 31 Mar 16 | 873 | -54 | 93 | 0 |
| 31 Dec 15 | 793 | 16 | 80 | 0 |
| 30 Sep 15 | 755 | -9 | 78 | 0 |
| 30 Jun 15 | 715 | -34 | 72 | 0 |
| 31 Mar 15 | 672 | -37 | 64 | 0 |
| 31 Dec 14 | 666 | -25 | 59 | 0 |
| 30 Sep 14 | 646 | -17 | 49 | 0 |
| 30 Jun 14 | 607 | 9 | 45 | 0 |
| 31 Mar 14 | 610 | 20 | 44 | 0 |
| 31 Dec 13 | 553 | 22 | 41 | 0 |
| 30 Sep 13 | 540 | 33 | 43 | 0 |
| 30 Jun 13 | 527 | 31 | 41 | 0 |
Quality Earnings: MEGM has high quality earnings.
Growing Profit Margin: MEGM's current net profit margins (13.8%) are higher than last year (1.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MEGM has become profitable over the past 5 years, growing earnings by 45.1% per year.
Accelerating Growth: MEGM's earnings growth over the past year (1376.7%) exceeds its 5-year average (45.1% per year).
Earnings vs Industry: MEGM earnings growth over the past year (1376.7%) exceeded the Packaging industry 49.6%.
Return on Equity
High ROE: Whilst MEGM's Return on Equity (41.56%) is outstanding, this metric is skewed due to their high level of debt.