International Personal Finance Full Year 2023 Earnings: Beats Expectations

International Personal Finance (LON:IPF) Full Year 2023 Results

Key Financial Results

• Revenue: UK£767.8m (up 19% from FY 2022).
• Net income: UK£48.0m (down 16% from FY 2022).
• Profit margin: 6.3% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£0.21 (down from UK£0.26 in FY 2022).

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

International Personal Finance Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%.

The primary driver behind last 12 months revenue was the European Home Credit segment contributing a total revenue of UK£379.7m (49% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£308.9m (56% of total expenses). Explore how IPF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in the United Kingdom.

Performance of the British Consumer Finance industry.

The company's shares are down 2.1% from a week ago.

Valuation

Following the latest earnings results, International Personal Finance may be undervalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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