REF Holdings Past Earnings Performance
Past criteria checks 1/6
REF Holdings's earnings have been declining at an average annual rate of -31%, while the Commercial Services industry saw earnings growing at 5% annually. Revenues have been declining at an average rate of 10.7% per year. REF Holdings's return on equity is 8.9%, and it has net margins of 6.2%.
Key information
-31.0%
Earnings growth rate
-31.0%
EPS growth rate
| Commercial Services Industry Growth | 7.1% |
| Revenue growth rate | -10.7% |
| Return on equity | 8.9% |
| Net Margin | 6.2% |
| Next Earnings Update | 06 Mar 2025 |
Recent past performance updates
Recent updates
REF Holdings Limited's (HKG:1631) 29% Price Boost Is Out Of Tune With Earnings
Feb 12
Benign Growth For REF Holdings Limited (HKG:1631) Underpins Its Share Price
Dec 04Capital Allocation Trends At REF Holdings (HKG:1631) Aren't Ideal
Oct 07REF Holdings Limited's (HKG:1631) 31% Dip In Price Shows Sentiment Is Matching Earnings
Jun 13REF Holdings' (HKG:1631) Earnings Seem To Be Promising
Apr 05REF Holdings Limited's (HKG:1631) 28% Share Price Surge Not Quite Adding Up
Jan 24Estimating The Fair Value Of REF Holdings Limited (HKG:1631)
Jan 02Estimating The Intrinsic Value Of REF Holdings Limited (HKG:1631)
Sep 25These Return Metrics Don't Make REF Holdings (HKG:1631) Look Too Strong
Aug 16A Look At The Fair Value Of REF Holdings Limited (HKG:1631)
Apr 18These Return Metrics Don't Make REF Holdings (HKG:1631) Look Too Strong
Jan 06Calculating The Fair Value Of REF Holdings Limited (HKG:1631)
Nov 01Some Investors May Be Worried About REF Holdings' (HKG:1631) Returns On Capital
Oct 03Capital Allocation Trends At REF Holdings (HKG:1631) Aren't Ideal
Jun 14REF Holdings (HKG:1631) Might Be Having Difficulty Using Its Capital Effectively
Mar 16A Look At The Fair Value Of REF Holdings Limited (HKG:1631)
Nov 19Can REF Holdings Limited's (HKG:1631) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
Mar 12Revenue & Expenses Breakdown
How REF 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 | 112 | 7 | 50 | 0 |
| 31 Mar 24 | 118 | 9 | 50 | 0 |
| 31 Dec 23 | 124 | 12 | 51 | 0 |
| 30 Sep 23 | 129 | 12 | 54 | 0 |
| 30 Jun 23 | 133 | 11 | 58 | 0 |
| 31 Mar 23 | 131 | 11 | 56 | 0 |
| 31 Dec 22 | 130 | 11 | 55 | 0 |
| 30 Sep 22 | 130 | 11 | 54 | 0 |
| 30 Jun 22 | 130 | 11 | 53 | 0 |
| 31 Mar 22 | 133 | 10 | 54 | 0 |
| 31 Dec 21 | 135 | 9 | 55 | 0 |
| 30 Sep 21 | 138 | 12 | 55 | 0 |
| 30 Jun 21 | 141 | 15 | 55 | 0 |
| 31 Mar 21 | 144 | 17 | 53 | 0 |
| 31 Dec 20 | 147 | 18 | 52 | 0 |
| 30 Sep 20 | 161 | 22 | 53 | 0 |
| 30 Jun 20 | 175 | 25 | 55 | 0 |
| 31 Mar 20 | 183 | 29 | 56 | 0 |
| 31 Dec 19 | 190 | 34 | 57 | 0 |
| 30 Sep 19 | 195 | 35 | 60 | 0 |
| 30 Jun 19 | 199 | 36 | 62 | 0 |
| 31 Mar 19 | 196 | 36 | 60 | 0 |
| 31 Dec 18 | 192 | 37 | 59 | 0 |
| 30 Sep 18 | 206 | 47 | 57 | 0 |
| 30 Jun 18 | 219 | 57 | 54 | 0 |
| 31 Mar 18 | 234 | 59 | 58 | 0 |
| 31 Dec 17 | 236 | 64 | 56 | 0 |
| 30 Sep 17 | 209 | 54 | 50 | 0 |
| 30 Jun 17 | 193 | 47 | 47 | 0 |
| 31 Mar 17 | 196 | 53 | 44 | 0 |
| 31 Dec 16 | 178 | 46 | 41 | 0 |
| 30 Sep 16 | 183 | 48 | 41 | 0 |
| 30 Jun 16 | 171 | 38 | 38 | 0 |
| 31 Mar 16 | 152 | 33 | 34 | 0 |
| 31 Dec 15 | 142 | 29 | 33 | 0 |
| 30 Sep 15 | 128 | 21 | 31 | 0 |
| 31 Mar 15 | 132 | 29 | 30 | 0 |
| 31 Dec 14 | 134 | 26 | 31 | 0 |
Quality Earnings: 1631 has high quality earnings.
Growing Profit Margin: 1631's current net profit margins (6.2%) are lower than last year (8.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1631's earnings have declined by 31% per year over the past 5 years.
Accelerating Growth: 1631's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1631 had negative earnings growth (-39.5%) over the past year, making it difficult to compare to the Commercial Services industry average (-4.9%).
Return on Equity
High ROE: 1631'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 | 2025/02/21 05:51 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
REF Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.