Stock Analysis
COFACE (EPA:COFA) Full Year 2023 Results
Key Financial Results
- Revenue: €1.88b (up 2.5% from FY 2022).
- Net income: €240.5m (flat on FY 2022).
- Profit margin: 13% (in line with FY 2022).
- EPS: €1.61 (up from €1.61 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
COFACE EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in Europe.
Performance of the market in France.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that COFACE is showing 3 warning signs in our investment analysis and 2 of those can't be ignored...
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About ENXTPA:COFA
COFACE
COFACE SA, through its subsidiaries, provides credit insurance products and related services for microenterprises, small and medium enterprises, mid-market companies, international corporations, financial institutions, and clients of distribution partners.
Good value average dividend payer.