- Hong Kong
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- Auto Components
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- SEHK:1316
Nexteer Automotive Group Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Nexteer Automotive Group (HKG:1316) Full Year 2022 Results
Key Financial Results
- Revenue: US$3.84b (up 14% from FY 2021).
- Net income: US$58.0m (down 51% from FY 2021).
- Profit margin: 1.5% (down from 3.5% in FY 2021). The decrease in margin was driven by higher expenses.
- EPS: US$0.02 (down from US$0.047 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nexteer Automotive Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Auto Components industry in Hong Kong.
Performance of the Hong Kong Auto Components industry.
The company's shares are down 12% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Nexteer Automotive Group you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Nexteer Automotive Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About SEHK:1316
Nexteer Automotive Group
A motion control technology company, develops, manufactures, and supplies advanced steering and driveline systems to original equipment manufacturers worldwide.
Flawless balance sheet with moderate growth potential.
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