Sunday, 26 August 2007

FY07 reporting season update

It was a big week for company financial reports. BHP led the way with an impressive 32% rise in eps for FY07. Currently eps growth is running at a healthy 26.5% for S&P/ASX200 companies. Ex Property trusts the number is almost identical at 26.4%.

This week I have weighted the figures by market capitalization to get a more accurate reflection of total earnings growth. A quick note on Seven Network Limited(SEV).

As you can see below SEV reported a 1905.6% rise in eps. This is a consequence of coming off a very small earnings base in FY06. When weighted by it's market cap the huge growth in eps for SEV accounts for 6.3% of the total earnings growth. Therefore if you strip out SEV, earnings growth is closer to 20.2%.

Whilst more than half of the S&P/ASX 200 have reported there still a large number to report this week including WDC, WOW, SUN, ZFX, HVN, FGL, WOR, GFF, ORG, ABS, AMC and CGF amongst others.

(click on the chart for a sharper image)