TravelSky Technology Full Year 2023 Earnings: Misses Expectations

TravelSky Technology (HKG:696) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥6.98b (up 34% from FY 2022).
• Net income: CN¥1.40b (up 123% from FY 2022).
• Profit margin: 20% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.48 (up from CN¥0.21 in FY 2022).

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

TravelSky Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 15%.

In the last 12 months, the only revenue segment was Providing Aviation Information Technology and Related Services contributing CN¥6.98b. The largest operating expense was General & Administrative costs, amounting to CN¥1.36b (58% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥87.9m. Explore how 696's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 8.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of TravelSky Technology's balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're helping make it simple.

Find out whether TravelSky Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.