First Capital Holdings Past Earnings Performance

Past criteria checks 5/6

First Capital Holdings has been growing earnings at an average annual rate of 54.7%, while the Capital Markets industry saw earnings growing at 41.3% annually. Revenues have been growing at an average rate of 45.3% per year. First Capital Holdings's return on equity is 127.9%, and it has net margins of 29.8%.

Key information

54.7%

Earnings growth rate

54.8%

EPS growth rate

Capital Markets Industry Growth	26.6%
Revenue growth rate	45.3%
Return on equity	127.9%
Net Margin	29.8%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

COSE:CFVF.N0000 Revenue, expenses and earnings (LKR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	30,132	8,971	3,269
31 Dec 23	30,585	9,167	3,308
30 Sep 23	30,937	10,247	3,210
30 Jun 23	21,076	4,801	1,600
31 Mar 23	15,218	2,342	956
31 Dec 22	10,626	902	589
30 Sep 22	6,873	379	531
30 Jun 22	3,104	-688	526
31 Mar 22	2,028	-608	502
31 Dec 21	2,153	179	566
30 Sep 21	2,308	75	513
30 Jun 21	3,191	741	507
31 Mar 21	5,611	1,990	685
31 Dec 20	6,083	1,726	660
30 Sep 20	6,624	1,883	708
30 Jun 20	6,888	1,837	699
31 Mar 20	5,547	1,006	531
31 Dec 19	5,902	1,361	420
30 Sep 19	5,241	824	346
30 Jun 19	4,660	461	314
31 Mar 19	4,021	2	297
31 Dec 18	3,620	683	343
30 Sep 18	3,788	1,107	347
30 Jun 18	4,303	1,604	370
31 Mar 18	4,475	1,872	352
31 Dec 17	4,332	966	314
30 Sep 17	3,992	528	283
30 Jun 17	4,110	474	282
31 Mar 17	3,563	212	284
31 Dec 16	2,933	33	294
30 Sep 16	2,856	423	325
30 Jun 16	1,703	-25	302
31 Mar 16	1,436	47	301
31 Dec 15	1,285	27	268
30 Sep 15	1,247	131	253
30 Jun 15	2,393	905	347
31 Mar 15	2,514	945	332
31 Dec 14	2,890	1,117	436
30 Sep 14	2,954	1,049	421
30 Jun 14	2,071	464	298
31 Mar 14	1,927	317	268
31 Dec 13	2,058	498	169
30 Sep 13	2,007	429	147

Quality Earnings: CFVF.N0000 has high quality earnings.

Growing Profit Margin: CFVF.N0000's current net profit margins (29.8%) are higher than last year (15.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CFVF.N0000's earnings have grown significantly by 54.7% per year over the past 5 years.

Accelerating Growth: CFVF.N0000's earnings growth over the past year (283.1%) exceeds its 5-year average (54.7% per year).

Earnings vs Industry: CFVF.N0000 earnings growth over the past year (283.1%) exceeded the Capital Markets industry 136%.

Return on Equity

High ROE: Whilst CFVF.N0000's Return on Equity (127.91%) is outstanding, this metric is skewed due to their high level of debt.

First Capital Holdings Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Full year 2024 earnings released: EPS: LK₨22.15 (vs LK₨5.78 in FY 2023)

Third quarter 2024 earnings released: LK₨0.81 loss per share (vs LK₨1.86 profit in 3Q 2023)

First quarter 2024 earnings released: EPS: LK₨36.22 (vs LK₨0.13 in 1Q 2023)

Full year 2023 earnings released: EPS: LK₨5.77 (vs LK₨1.50 loss in FY 2022)

Third quarter 2023 earnings released: EPS: LK₨1.86 (vs LK₨0.57 in 3Q 2022)

Second quarter 2023 earnings released: EPS: LK₨1.61 (vs LK₨0.99 loss in 2Q 2022)

Recent updates

New major risk - Financial position

First Capital Holdings PLC, Annual General Meeting, Jun 28, 2024

Full year 2024 earnings released: EPS: LK₨22.15 (vs LK₨5.78 in FY 2023)

Upcoming dividend of LK₨5.00 per share

Third quarter 2024 earnings released: LK₨0.81 loss per share (vs LK₨1.86 profit in 3Q 2023)

Insufficient new directors

First Capital Holdings plc Announces Resignation of Mr. Prakash Anand Schaffter as Alternate Director

Investor sentiment improves as stock rises 21%

First Capital Holdings PLC, Annual General Meeting, Sep 08, 2023

New major risk - Earnings quality

First quarter 2024 earnings released: EPS: LK₨36.22 (vs LK₨0.13 in 1Q 2023)

Investor sentiment improves as stock rises 18%

New minor risk - Share price stability

Investor sentiment improves as stock rises 15%

Full year 2023 earnings released: EPS: LK₨5.77 (vs LK₨1.50 loss in FY 2022)

Upcoming dividend of LK₨2.25 per share at 6.5% yield

Investor sentiment improves as stock rises 19%

Third quarter 2023 earnings released: EPS: LK₨1.86 (vs LK₨0.57 in 3Q 2022)

Investor sentiment improves as stock rises 18%

Investor sentiment improved over the past week

First Capital Holdings PLC Announces Executive Changes

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: LK₨1.61 (vs LK₨0.99 loss in 2Q 2022)

Insufficient new directors

First Capital Holdings plc Announces Cessation of Mr. A D E I Perera as A Director

First Capital Holdings PLC, Annual General Meeting, Sep 08, 2022

First quarter 2023 earnings released: EPS: LK₨0.13 (vs LK₨0.33 in 1Q 2022)

Full year 2022 earnings released: LK₨3.88 loss per share (vs LK₨4.92 profit in FY 2021)

Insufficient new directors

Investor sentiment deteriorated over the past week

Now 26% undervalued after recent price drop

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

Second quarter 2022 earnings released: LK₨4.08 loss per share (vs LK₨2.50 profit in 2Q 2021)

Non-Independent Non-Executive Director Prakash Schaffter has left the company

First quarter 2022 earnings released: EPS LK₨1.31 (vs LK₨13.65 in 1Q 2021)

Upcoming dividend of LK₨5.00 per share

Investor sentiment improved over the past week

New 90-day low: LK₨52.00

New 90-day low: LK₨55.00

Second quarter 2021 earnings released: EPS LK₨2.50

New 90-day high - LK₨63.00

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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