Modern Mills Past Earnings Performance
Past criteria checks 1/6
Modern Mills's earnings have been declining at an average annual rate of -13.4%, while the Food industry saw earnings growing at 17.9% annually. Revenues have been declining at an average rate of 4% per year. Modern Mills's return on equity is 81.5%, and it has net margins of 21.5%.
Key information
-13.4%
Earnings growth rate
-13.4%
EPS growth rate
| Food Industry Growth | 11.7% |
| Revenue growth rate | -4.0% |
| Return on equity | 81.5% |
| Net Margin | 21.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Modern Mills 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 | 939 | 202 | 90 | 0 |
| 30 Sep 23 | 968 | 215 | 92 | 0 |
| 31 Dec 22 | 978 | 233 | 95 | 0 |
| 31 Dec 21 | 555 | 80 | 73 | 0 |
Quality Earnings: 2284 has high quality earnings.
Growing Profit Margin: 2284's current net profit margins (21.5%) are lower than last year (23.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 2284's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: 2284's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2284 had negative earnings growth (-13.4%) over the past year, making it difficult to compare to the Food industry average (11.3%).
Return on Equity
High ROE: Whilst 2284's Return on Equity (81.49%) is outstanding, this metric is skewed due to their high level of debt.