Taseko Mines' (TSE:TKO) Shareholders May Want To Dig Deeper Than Statutory Profit

Simply Wall St.11-14 18:46

The recent earnings posted by Taseko Mines Limited (TSE:TKO) were solid, but the stock didn't move as much as we expected. We believe that shareholders have noticed some concerning factors beyond the ...

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We believe that shareholders have noticed some concerning factors beyond the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/taseko-mines-tse-tko-shareholders-104639883.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Taseko Mines' (TSE:TKO) Shareholders May Want To Dig Deeper Than Statutory Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTaseko Mines' (TSE:TKO) Shareholders May Want To Dig Deeper Than Statutory Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 18:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/taseko-mines-tse-tko-shareholders-104639883.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The recent earnings posted by Taseko Mines Limited (TSE:TKO) were solid, but the stock didn't move as much as we expected. We believe that shareholders have noticed some concerning factors beyond the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/taseko-mines-tse-tko-shareholders-104639883.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSE","symbol_name":"Trinseo","start_time":0,"source_url":"https://finance.yahoo.com/news/taseko-mines-tse-tko-shareholders-104639883.html","article_id":"2483182093","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/oPhTM3zCajxRbc1jRMp49w--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/7311e3ca294231f7f8156ab07aa29312"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483182093","pubTimestamp":1731581199,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The recent earnings posted by Taseko Mines Limited  were solid, but the stock didn't move as much as we expected. We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers.TSX:TKO Earnings and Revenue History November 14th 2024. Importantly, our data indicates that Taseko Mines' profit received a boost of CA$79m in unusual items, over the last year. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. Which is hardly surprising, given the name. Taseko Mines had a rather significant contribution from unusual items relative to its profit to September 2024. 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We believe that shareholders have noticed some concerning factors beyond the statutory profit numbers. \n View our latest analysis for Taseko Mines \n\n\n\n  TSX:TKO Earnings and Revenue History November 14th 2024\n \n\n The Impact Of Unusual Items On Profit \n Importantly, our data indicates that Taseko Mines' profit received a boost of CA$79m in unusual items, over the last year. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. Which is hardly surprising, given the name. Taseko Mines had a rather significant contribution from unusual items relative to its profit to September 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power. \n That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. \nOur Take On Taseko Mines' Profit Performance\n As we discussed above, we think the significant positive unusual item makes Taseko Mines' earnings a poor guide to its underlying profitability. For this reason, we think that Taseko Mines' statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. The good news is that, its earnings per share increased by 6.8% in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into Taseko Mines, you'd also look into what risks it is currently facing. Our analysis shows 3 warning signs for Taseko Mines (1 is potentially serious!) and we strongly recommend you look at these before investing. \n This note has only looked at a single factor that sheds light on the nature of Taseko Mines' profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free  collection of companies boasting high return on equity, or  this list of stocks with significant insider holdings to be useful. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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