Insignia Financial Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Insignia Financial (ASX:IFL) Full Year 2023 Results

Key Financial Results

• Revenue: AU$1.95b (down 9.3% from FY 2022).
• Net income: AU$4.40m (down 84% from FY 2022).
• Profit margin: 0.2% (down from 1.3% in FY 2022).
• EPS: AU$0.007 (down from AU$0.042 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Insignia Financial Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 7.7%.

Looking ahead, revenue is expected to decline by 8.4% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 3.1%.

Performance of the Australian Capital Markets industry.

The company's shares are down 8.5% from a week ago.

Valuation

Our analysis of Insignia Financial based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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