Stock Analysis
- United Arab Emirates
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- Logistics
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- DFM:ARMX
Aramex PJSC Full Year 2023 Earnings: EPS Beats Expectations
Aramex PJSC (DFM:ARMX) Full Year 2023 Results
Key Financial Results
- Revenue: د.إ5.69b (down 3.9% from FY 2022).
- Net income: د.إ130.6m (down 19% from FY 2022).
- Profit margin: 2.3% (down from 2.7% in FY 2022). The decrease in margin was driven by lower revenue.
- EPS: د.إ0.089 (down from د.إ0.11 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aramex PJSC EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Logistics industry in Asia.
Performance of the market in United Arab Emirates.
The company's shares are up 3.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Aramex PJSC has 1 warning sign we think you should be aware of.
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Find out whether Aramex PJSC is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About DFM:ARMX
Aramex PJSC
Aramex PJSC, together with its subsidiaries, engages in the investment of freight, express, logistics, and supply chain management businesses in the United Arab Emirates, the Middle East, North Africa, Turkey, East and South Africa, Europe, North America, North and South Asia, and Oceania.
Moderate growth potential with mediocre balance sheet.