Waves Past Earnings Performance
Past criteria checks 0/6
Waves's earnings have been declining at an average annual rate of -8.9%, while the Consumer Durables industry saw earnings growing at 7.3% annually. Revenues have been declining at an average rate of 0.4% per year. Waves's return on equity is 0.9%, and it has net margins of 2.8%.
Key information
-8.9%
Earnings growth rate
-17.5%
EPS growth rate
| Consumer Durables Industry Growth | 9.9% |
| Revenue growth rate | -0.4% |
| Return on equity | 0.9% |
| Net Margin | 2.8% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Waves 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 Sep 23 | 4,920 | 140 | 1,187 | 0 |
| 30 Jun 23 | 5,741 | 137 | 1,252 | 0 |
| 31 Mar 23 | 8,113 | 343 | 1,355 | 0 |
| 31 Dec 22 | 9,939 | 351 | 1,515 | 0 |
| 30 Sep 22 | 11,239 | 334 | 1,620 | 0 |
| 30 Jun 22 | 11,754 | 365 | 1,622 | 0 |
| 31 Mar 22 | 11,096 | 299 | 1,647 | 0 |
| 31 Dec 21 | 10,439 | 319 | 1,565 | 0 |
| 30 Sep 21 | 10,345 | 409 | 1,503 | 0 |
| 30 Jun 21 | 10,458 | 394 | 1,514 | 0 |
| 31 Mar 21 | 9,055 | 225 | 1,395 | 0 |
| 31 Dec 20 | 8,525 | 127 | 1,367 | 0 |
| 30 Sep 20 | 8,822 | 156 | 1,318 | 0 |
| 30 Jun 20 | 7,953 | 176 | 1,238 | 0 |
| 31 Mar 20 | 9,050 | 270 | 1,387 | 0 |
| 31 Dec 19 | 9,484 | 378 | 1,390 | 0 |
| 30 Sep 19 | 9,834 | 390 | 1,381 | 0 |
| 30 Jun 19 | 9,438 | 398 | 1,346 | 0 |
| 31 Mar 19 | 8,853 | 341 | 1,504 | 0 |
| 31 Dec 18 | 8,516 | 382 | 1,417 | 0 |
| 30 Sep 18 | 7,007 | 504 | 1,477 | 0 |
| 30 Jun 18 | 7,133 | 484 | 1,506 | 0 |
| 31 Mar 18 | 5,427 | 423 | 1,159 | 0 |
| 31 Dec 17 | 3,686 | 312 | 918 | 0 |
| 30 Sep 17 | 2,924 | 217 | 689 | 0 |
| 30 Jun 17 | 1,663 | 178 | 513 | 0 |
| 31 Mar 17 | 1,613 | 190 | 513 | 0 |
| 31 Dec 16 | 1,400 | 95 | 505 | 0 |
| 30 Sep 16 | 1,314 | -97 | 623 | 0 |
| 30 Jun 16 | 1,403 | -129 | 584 | 0 |
| 31 Mar 16 | 1,371 | -161 | 543 | 0 |
| 31 Dec 15 | 1,488 | -151 | 512 | 0 |
| 30 Sep 15 | 1,603 | -248 | 385 | 0 |
| 30 Jun 15 | 1,603 | -264 | 387 | 0 |
| 31 Mar 15 | 1,624 | -285 | 395 | 0 |
| 31 Dec 14 | 1,668 | -286 | 387 | 0 |
| 30 Sep 14 | 1,896 | -97 | 356 | 0 |
| 30 Jun 14 | 1,974 | -50 | 343 | 0 |
| 31 Mar 14 | 2,110 | -9 | 314 | 0 |
| 31 Dec 13 | 2,223 | 36 | 309 | 0 |
| 30 Sep 13 | 2,166 | 47 | 300 | 0 |
| 30 Jun 13 | 2,214 | 46 | 308 | 0 |
Quality Earnings: WAVES has a large one-off gain of PKR53.2M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: WAVES's current net profit margins (2.8%) are lower than last year (3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WAVES's earnings have declined by 8.9% per year over the past 5 years.
Accelerating Growth: WAVES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WAVES had negative earnings growth (-58.1%) over the past year, making it difficult to compare to the Consumer Durables industry average (4.1%).
Return on Equity
High ROE: WAVES's Return on Equity (0.9%) is considered low.