Sipef (EBR:SIP) Full Year 2024 Results
Key Financial Results
- Revenue: US$443.8m (flat on FY 2023).
- Net income: US$65.8m (down 9.5% from FY 2023).
- Profit margin: 15% (down from 16% in FY 2023).
- EPS: US$6.33 (down from US$6.99 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sipef Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%.
The primary driver behind last 12 months revenue was the Palm segment contributing a total revenue of US$396.3m (89% of total revenue). Notably, cost of sales worth US$286.6m amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$48.5m (53% of total expenses). Explore how SIP's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Food industry in Belgium.
Performance of the Belgian Food industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Sipef, and understanding it should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Sipef might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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