Power Corporation of Canada (TSE:POW) Full Year 2022 Results
Key Financial Results
- Revenue: CA$48.7b (down 30% from FY 2021).
- Net income: CA$1.84b (down 37% from FY 2021).
- Profit margin: 3.8% (down from 4.2% in FY 2021). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Power Corporation of Canada Revenues Disappoint
Revenue missed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company's shares are down 7.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Power Corporation of Canada's balance sheet and an in-depth analysis of the company's financial position.
Valuation is complex, but we're here to simplify it.
Discover if Power Corporation of Canada might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St 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. Simply Wall St has no position in any stocks mentioned.