SP New Energy Past Earnings Performance
Past criteria checks 2/6
SP New Energy has been growing earnings at an average annual rate of 89.6%, while the Renewable Energy industry saw earnings growing at 10.8% annually. Revenues have been growing at an average rate of 101.2% per year. SP New Energy's return on equity is 14%, and it has net margins of 898.1%.
Key information
89.6%
Earnings growth rate
84.5%
EPS growth rate
| Renewable Energy Industry Growth | 8.2% |
| Revenue growth rate | 101.2% |
| Return on equity | 14.0% |
| Net Margin | 898.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How SP New Energy 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 |
|---|---|---|---|---|
| 31 Dec 23 | 635 | 5,707 | 208 | 0 |
| 30 Sep 23 | 334 | -147 | 72 | 0 |
| 30 Jun 23 | 64 | -113 | 53 | 0 |
| 31 Mar 23 | 0 | -93 | 42 | 0 |
| 31 Dec 22 | 0 | -65 | 60 | 0 |
| 30 Sep 22 | 0 | -55 | 33 | 0 |
| 30 Jun 22 | 0 | -61 | 63 | 0 |
| 31 Mar 22 | 0 | -60 | 29 | 0 |
| 31 Dec 21 | 0 | -50 | 19 | 0 |
| 30 Sep 21 | 0 | -42 | 12 | 0 |
| 30 Jun 21 | 0 | -24 | 7 | 0 |
| 31 Mar 21 | 0 | -16 | 4 | 0 |
| 31 Dec 20 | 0 | -9 | 1 | 0 |
| 30 Jun 20 | 0 | -9 | 3 | 0 |
| 31 Dec 19 | 0 | -10 | 4 | 0 |
| 31 Dec 18 | 0 | -1 | 1 | 0 |
Quality Earnings: SPNEC has a high level of non-cash earnings.
Growing Profit Margin: SPNEC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SPNEC has become profitable over the past 5 years, growing earnings by 89.6% per year.
Accelerating Growth: SPNEC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SPNEC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (3.9%).
Return on Equity
High ROE: SPNEC's Return on Equity (14%) is considered low.