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GC Rieber Shipping Past Earnings Performance

Past criteria checks 3/6

GC Rieber Shipping has been growing earnings at an average annual rate of 14.3%, while the Shipping industry saw earnings growing at 48.8% annually. Revenues have been declining at an average rate of 57.9% per year.

Key information

14.32%

Earnings growth rate

12.89%

EPS growth rate

Shipping Industry Growth	41.61%
Revenue growth rate	-57.85%
Return on equity	8.87%
Net Margin	n/a
Last Earnings Update	30 Sep 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How GC Rieber Shipping makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0FTH Revenue, expenses and earnings (NOK Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	0	62	22
30 Jun 23	0	106	22
31 Mar 23	0	98	22
31 Dec 22	0	-35	22
30 Sep 22	0	33	24
30 Jun 22	0	214	24
31 Mar 22	0	113	24
31 Dec 21	0	139	24
30 Sep 21	-176	598	30
30 Jun 21	-106	373	30
31 Mar 21	-44	286	30
31 Dec 20	0	17	30
30 Sep 20	212	-443	45
30 Jun 20	207	-398	45
31 Mar 20	205	-183	45
31 Dec 19	202	14	45
30 Sep 19	228	276	58
30 Jun 19	225	206	58
31 Mar 19	221	103	58
31 Dec 18	206	148	58
30 Sep 18	186	-203	57
30 Jun 18	195	-114	57
31 Mar 18	223	-123	57
31 Dec 17	231	-130	57
30 Sep 17	205	-210	62
30 Jun 17	189	-287	62
31 Mar 17	134	-333	62
31 Dec 16	178	-361	62
30 Sep 16	149	-249	77
30 Jun 16	309	-212	77
31 Mar 16	802	-365	77
31 Dec 15	427	-74	77
30 Sep 15	682	-236	87
30 Jun 15	690	-184	87
31 Mar 15	867	-158	87
31 Dec 14	803	-80	87
30 Sep 14	710	58	82
30 Jun 14	692	450	82
31 Mar 14	665	401	82
31 Dec 13	686	371	82
30 Sep 13	741	535	105
30 Jun 13	731	156	105
31 Mar 13	741	219	105
31 Dec 12	722	199	105

Quality Earnings: 0FTH has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if 0FTH's profit margins have improved over the past year.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0FTH has become profitable over the past 5 years, growing earnings by 14.3% per year.

Accelerating Growth: 0FTH's earnings growth over the past year (88.2%) exceeds its 5-year average (14.3% per year).

Earnings vs Industry: 0FTH earnings growth over the past year (88.2%) exceeded the Shipping industry 34.2%.

Return on Equity

High ROE: 0FTH's Return on Equity (8.9%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/12/15 16:02
End of Day Share Price	2023/09/28 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GC Rieber Shipping ASA is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Magne Oymmo	Pareto Securities