Propel Holdings Full Year 2023 Earnings: EPS Beats Expectations

Propel Holdings (TSE:PRL) Full Year 2023 Results

Key Financial Results

• Revenue: US$316.5m (up 40% from FY 2022).
• Net income: US$27.8m (up 84% from FY 2022).
• Profit margin: 8.8% (up from 6.7% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: US$0.81 (up from US$0.44 in FY 2022).

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

Propel Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%.

In the last 12 months, the only revenue segment was Providing Lending Related Services to Borrowers, Banks, and Other Institutions contributing US$316.5m. Explore how PRL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in North America.

Performance of the market in Canada.

The company's shares are down 4.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Propel Holdings (at least 2 which are a bit concerning), and understanding these should be part of your investment process.

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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.