Geely Automobile Holdings Full Year 2024 Earnings: EPS Beats Expectations
Geely Automobile Holdings (HKG:175) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥240.2b (up 34% from FY 2023).
- Net income: CN¥16.5b (up 219% from FY 2023).
- Profit margin: 6.9% (up from 2.9% in FY 2023).
- EPS: CN¥1.64 (up from CN¥0.51 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Geely Automobile Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the The PRC segment contributing a total revenue of CN¥186.3b (78% of total revenue). Notably, cost of sales worth CN¥202.0b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥13.3b (44% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥8.76b. Explore how 175's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in Hong Kong.
Performance of the Hong Kong Auto industry.
The company's shares are down 2.7% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Geely Automobile Holdings.
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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:175
Geely Automobile Holdings
An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.
Undervalued with excellent balance sheet.
