Measuring Elve SA.’s (ATSE:ELBE) track record of past performance is an insightful exercise for investors. It enables us to reflect on whether the company has met or exceed expectations, which is a powerful signal for future performance. Below, I will assess ELBE’s recent performance announced on 30 June 2017 and compare these figures to its historical trend and industry movements. Check out our latest analysis for Elve
How Did ELBE’s Recent Performance Stack Up Against Its Past?
For the most up-to-date info, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. This enables me to assess different companies on a more comparable basis, using new information. For Elve, its latest trailing-twelve-month earnings is €762.17K, which, against last year’s level, has climbed up by 38.69%. Since these values may be somewhat short-term, I have computed an annualized five-year figure for ELBE’s net income, which stands at -€931.16K This means generally, Elve has been able to consistently improve its profits over the past few years as well.How has it been able to do this? Well, let’s take a look at if it is only a result of an industry uplift, or if Elve has seen some company-specific growth. In the past couple of years, though bottom-line growth has seen a decline, top-line growth has fallen much faster, leading to a margin expansion and Elve still maintaining profitability. Looking at growth from a sector-level, the GR luxury industry has been growing its average earnings by double-digit 38.69% in the past year, and 16.67% over the past five years.
What does this mean?
Though Elve’s past data is helpful, it is only one aspect of my investment thesis. Companies that have performed well in the past, such as Elve gives investors conviction. However, the next step would be to assess whether the future looks as optimistic. You should continue to research Elve to get a more holistic view of the stock by looking at:
- 1. Financial Health: Is ELBE’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
- 2. Valuation: What is ELBE worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether ELBE is currently mispriced by the market.
- 3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.