Edvantage Group Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Edvantage Group Holdings (HKG:382) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.97b (up 17% from FY 2022).
• Net income: CN¥618.4m (up 9.0% from FY 2022).
• Profit margin: 31% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.56 (up from CN¥0.51 in FY 2022).

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

Edvantage Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.3%.

The primary driver behind last 12 months revenue was the PRC Higher Education and Vocational Education segment contributing a total revenue of CN¥1.95b (99% of total revenue). The largest operating expense was General & Administrative costs, amounting to CN¥294.5m (74% of total expenses). Explore how 382'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 16% growth forecast for the Consumer Services industry in Hong Kong.

Performance of the Hong Kong Consumer Services industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Edvantage Group Holdings that you should be aware of.

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