Stock Analysis
Ibstock (LON:IBST) Full Year 2023 Results
Key Financial Results
- Revenue: UK£405.8m (down 21% from FY 2022).
- Net income: UK£21.1m (down 76% from FY 2022).
- Profit margin: 5.2% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue.
- EPS: UK£0.054 (down from UK£0.22 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ibstock EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Basic Materials industry in the United Kingdom.
Performance of the British Basic Materials industry.
The company's shares are down 6.3% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Ibstock (1 is a bit unpleasant!) that you should be aware of before investing here.
Valuation is complex, but we're helping make it simple.
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About LSE:IBST
Ibstock
Manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.
Reasonable growth potential with adequate balance sheet.