Stock Analysis
- Brazil
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- Auto Components
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- BOVESPA:FRAS3
Fras-le Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Fras-le (BVMF:FRAS3) Full Year 2023 Results
Key Financial Results
- Revenue: R$3.39b (up 11% from FY 2022).
- Net income: R$377.4m (up 84% from FY 2022).
- Profit margin: 11% (up from 6.7% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: R$1.41 (up from R$0.81 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fras-le EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global Auto Components industry.
Performance of the market in Brazil.
The company's shares are up 2.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Fras-le that you should be aware of.
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About BOVESPA:FRAS3
Fras-le
Fras-le S.A. develops, produces, and sells friction materials for braking systems and other products in Brazil.
Outstanding track record with excellent balance sheet and pays a dividend.