CALB Group Full Year 2023 Earnings: Misses Expectations

CALB Group (HKG:3931) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥27.0b (up 33% from FY 2022).
• Net income: CN¥294.4m (down 57% from FY 2022).
• Profit margin: 1.1% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.17 (down from CN¥0.44 in FY 2022).

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

CALB Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 66%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong.

Performance of the Hong Kong Auto Components industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for CALB Group you should be aware of, and 2 of them can't be ignored.

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