New Germany Fund Past Earnings Performance
Past criteria checks 2/6
New Germany Fund's earnings have been declining at an average annual rate of -16%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 6.7% per year. New Germany Fund's return on equity is 13.4%, and it has net margins of 672.2%.
Key information
-16.0%
Earnings growth rate
-15.2%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -6.7% |
| Return on equity | 13.4% |
| Net Margin | 672.2% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
New Germany Fund: Keeping The Faith In This German Mid-Cap Fund
Jul 13New Germany Fund: Levered To A More Resilient German Economy
Jan 26New Germany Fund decreases dividend by -94.1% to $0.0431/share
Dec 20GF: Watch Out For Further Distribution Cuts
Oct 19New Germany Fund: In A Tough Spot
Jul 28GF - Part1: Impact Of EU-Russian Sanctions On German Energy
Mar 15New Germany Fund declares $0.9326 dividend
May 07Revenue & Expenses BreakdownBeta
How New Germany Fund 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 | 4 | 24 | 2 | 0 |
| 30 Sep 23 | 4 | 22 | 2 | 0 |
| 30 Jun 23 | 4 | 20 | 2 | 0 |
| 31 Mar 23 | 4 | -43 | 3 | 0 |
| 31 Dec 22 | 4 | -106 | 3 | 0 |
| 30 Sep 22 | 4 | -116 | 3 | 0 |
| 30 Jun 22 | 4 | -125 | 3 | 0 |
| 31 Mar 22 | 4 | -58 | 4 | 0 |
| 31 Dec 21 | 3 | 9 | 4 | 0 |
| 30 Sep 21 | 3 | 66 | 4 | 0 |
| 30 Jun 21 | 4 | 124 | 4 | 0 |
| 31 Mar 21 | 3 | 111 | 3 | 0 |
| 31 Dec 20 | 3 | 97 | 3 | 0 |
| 30 Sep 20 | 2 | 66 | 3 | 0 |
| 30 Jun 20 | 2 | 34 | 3 | 0 |
| 31 Mar 20 | 4 | 56 | 3 | 0 |
| 31 Dec 19 | 5 | 79 | 3 | 0 |
| 30 Sep 19 | 5 | 31 | 3 | 0 |
| 30 Jun 19 | 5 | -16 | 3 | 0 |
| 31 Mar 19 | 5 | -42 | 4 | 0 |
| 31 Dec 18 | 6 | -68 | 4 | 0 |
| 30 Sep 18 | 9 | -6 | 4 | 0 |
| 30 Jun 18 | 12 | 56 | 4 | 0 |
| 31 Mar 18 | 12 | 86 | 4 | 0 |
| 31 Dec 17 | 11 | 115 | 3 | 0 |
| 30 Sep 17 | 8 | 94 | 3 | 0 |
| 30 Jun 17 | 5 | 72 | 3 | 0 |
| 31 Mar 17 | 5 | 36 | 3 | 0 |
| 31 Dec 16 | 5 | -1 | 3 | 0 |
| 30 Sep 16 | 5 | -4 | 3 | 0 |
| 30 Jun 16 | 5 | -7 | 3 | 0 |
| 31 Mar 16 | 5 | 14 | 3 | 0 |
| 31 Dec 15 | 5 | 35 | 3 | 0 |
| 30 Sep 15 | 5 | 13 | 3 | 0 |
| 30 Jun 15 | 5 | -8 | 3 | 0 |
| 31 Mar 15 | 6 | -16 | 3 | 0 |
| 31 Dec 14 | 7 | -24 | 4 | 0 |
| 30 Sep 14 | 7 | 39 | 4 | 0 |
| 30 Jun 14 | 8 | 101 | 4 | 0 |
| 31 Mar 14 | 7 | 114 | 4 | 0 |
| 31 Dec 13 | 7 | 128 | 4 | 0 |
| 30 Sep 13 | 7 | 105 | 3 | 0 |
| 30 Jun 13 | 7 | 82 | 3 | 0 |
Quality Earnings: GF has a large one-off gain of $22.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: GF became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GF has become profitable over the past 5 years, growing earnings by -16% per year.
Accelerating Growth: GF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: GF's Return on Equity (13.4%) is considered low.