Stock Analysis
L.K. Technology Holdings Full Year 2024 Earnings: Misses Expectations
L.K. Technology Holdings (HKG:558) Full Year 2024 Results
Key Financial Results
- Revenue: HK$5.84b (down 1.0% from FY 2023).
- Net income: HK$484.1m (down 9.0% from FY 2023).
- Profit margin: 8.3% (down from 9.0% in FY 2023).
- EPS: HK$0.35 (down from HK$0.39 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
L.K. Technology Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 2.1%.
The primary driver behind last 12 months revenue was the Die-Casting Machine segment contributing a total revenue of HK$4.29b (73% of total revenue). Notably, cost of sales worth HK$4.25b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$666.0m (60% of total expenses). Explore how 558's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong.
Performance of the Hong Kong Machinery industry.
The company's shares are down 4.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for L.K. Technology Holdings (1 shouldn't be ignored!) that you should be aware of.
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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.
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About SEHK:558
L.K. Technology Holdings
An investment holding company, engages in the design, manufacture, and sale of die-casting machines in Mainland China, Europe, Central America and South America, North America, and internationally.
