Cheviot Company's Q1 FY25 Financials Show Mixed Results, Investors Advised to Hold Stock

Cheviot Company, a microcap textile company, has recently declared its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Cheviot Company has seen a negative performance in the quarter, with a score of -6 compared to -5 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the quarter has grown by 57.2% year on year and is at its highest in the last five quarters. The company’s Earnings per Share (EPS) is also at its highest in the last five quarters, indicating an increase in profitability and higher earnings for shareholders.

On the other hand, there are some areas of concern for Cheviot Company. The Profit Before Tax less Other Income (PBT) has fallen by -35.78% year on year and the company’s operating cash flow has been decreasing each year for the past three years. The net sales for the quarter have also fallen by -18.37% year on year and are at their lowest in the last five quarters. The company’s operating profit and PBT are also at their lowest in the last five quarters. Additionally, the company’s non-operating income is high, which may not be a sustainable business model, and its short-term liquidity is deteriorating.

Overall, Cheviot Company’s financial performance for the quarter ended June 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and closely monitor the company’s future financial results.