First Tractor Company Limited

SHSC:38 Stock Report

Market Cap: HK$14.5b

First Tractor Past Earnings Performance

Past criteria checks 3/6

First Tractor has been growing earnings at an average annual rate of 39.4%, while the Machinery industry saw earnings growing at 10.9% annually. Revenues have been growing at an average rate of 15.5% per year. First Tractor's return on equity is 12.7%, and it has net margins of 8.4%.

Key information

39.4%

Earnings growth rate

37.8%

EPS growth rate

Machinery Industry Growth7.7%
Revenue growth rate15.5%
Return on equity12.7%
Net Margin8.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How First Tractor makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SHSC:38 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2412,0181,013563489
30 Jun 2412,0921,148566486
31 Mar 2411,9951,111595474
31 Dec 2311,534997583461
30 Sep 2312,495970627478
30 Jun 2313,182854651523
31 Mar 2312,510686657524
31 Dec 2212,564681698529
30 Sep 2211,424565799474
30 Jun 2210,332508815414
31 Mar 2210,334531753419
31 Dec 219,334438742415
30 Sep 219,350472502371
30 Jun 219,098468734371
30 Mar 218,734470639355
31 Dec 207,582280918339
30 Sep 207,0974691,026363
30 Jun 206,521365774355
31 Mar 205,786215912353
31 Dec 195,83061666357
30 Sep 195,932-8331,066371
30 Jun 195,526-1,1361,126373
31 Mar 195,464-1,3031,160369
31 Dec 185,682-1,3001,204378
30 Sep 186,171-414831354
30 Jun 186,675-121666548
31 Mar 187,02740804468
31 Dec 177,35857910386
30 Sep 177,52051978283
30 Jun 177,9751041,2450
31 Mar 178,4842011,2760
31 Dec 168,8692301,3040
30 Sep 168,7741741,4010
30 Jun 169,1061451,3150
31 Mar 169,6631371,4390
31 Dec 159,6551351,4390
30 Sep 159,5052491,4250
30 Jun 159,2622041,4850
31 Mar 158,9901591,3930
31 Dec 149,0271681,4250
30 Sep 149,6871061,4060
30 Jun 149,8971531,4160
31 Mar 1411,0532181,4100
31 Dec 1311,0582271,3210

Quality Earnings: 38 has high quality earnings.

Growing Profit Margin: 38's current net profit margins (8.4%) are higher than last year (7.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 38 has become profitable over the past 5 years, growing earnings by 39.4% per year.

Accelerating Growth: 38's earnings growth over the past year (4.4%) is below its 5-year average (39.4% per year).

Earnings vs Industry: 38 earnings growth over the past year (4.4%) did not outperform the Machinery industry 7.8%.

Return on Equity

High ROE: 38's Return on Equity (12.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 22:29
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

First Tractor Company Limited is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tingting LiBNP Paribas Securities (Asia)
Qianyu NingBohai Securities Co., Ltd.
Wei LuoChina International Capital Corporation Limited