First Resources Past Earnings Performance

Past criteria checks 2/6

First Resources has been growing earnings at an average annual rate of 21.5%, while the Food industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 13.9% per year. First Resources's return on equity is 13.8%, and it has net margins of 18%.

Key information

21.5%

Earnings growth rate

21.7%

EPS growth rate

Food Industry Growth	16.0%
Revenue growth rate	13.9%
Return on equity	13.8%
Net Margin	18.0%
Next Earnings Update	14 Nov 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

OTCPK:FSRC.Y Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	989	178	93
31 Mar 24	985	162	95
31 Dec 23	981	145	97
30 Sep 23	1,060	207	97
30 Jun 23	1,139	269	97
31 Mar 23	1,182	297	95
31 Dec 22	1,225	325	92
30 Sep 22	1,190	291	89
30 Jun 22	1,155	257	86
31 Mar 22	1,093	209	86
31 Dec 21	1,032	161	86
30 Sep 21	914	127	86
30 Jun 21	795	93	85
31 Mar 21	728	96	83
31 Dec 20	660	100	81
30 Sep 20	654	101	82
30 Jun 20	600	99	78
31 Mar 20	604	96	81
31 Dec 19	615	89	80
30 Sep 19	576	74	58
30 Jun 19	610	86	61
31 Mar 19	648	105	64
31 Dec 18	633	120	67
30 Sep 18	669	137	67
30 Jun 18	635	130	62
31 Mar 18	588	117	56
31 Dec 17	647	138	56
30 Sep 17	641	162	55
30 Jun 17	656	166	53
31 Mar 17	656	169	54
31 Dec 16	575	125	53
30 Sep 16	531	85	61
30 Jun 16	487	78	60
31 Mar 16	471	77	57
31 Dec 15	454	96	51
30 Sep 15	499	137	51
30 Jun 15	541	152	48
31 Mar 15	534	153	46
31 Dec 14	616	173	48
30 Sep 14	618	200	38
30 Jun 14	622	208	42
31 Mar 14	630	220	47
31 Dec 13	626	238	50
30 Sep 13	581	226	38

Quality Earnings: FSRC.Y has high quality earnings.

Growing Profit Margin: FSRC.Y's current net profit margins (18%) are lower than last year (23.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FSRC.Y's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: FSRC.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FSRC.Y had negative earnings growth (-33.8%) over the past year, making it difficult to compare to the Food industry average (1.3%).

Return on Equity

High ROE: FSRC.Y's Return on Equity (13.8%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/17 06:12
End of Day Share Price	2024/05/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Resources Limited is covered by 30 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Greenall	BNP Paribas Securities (Asia)
Swati Chopra	BofA Global Research
Lee Fang Ng	CGS International