OrbusNeich Medical Group Holdings Full Year 2023 Earnings: Beats Expectations

OrbusNeich Medical Group Holdings (HKG:6929) Full Year 2023 Results

Key Financial Results

• Revenue: US$153.9m (up 13% from FY 2022).
• Net income: US$45.1m (up 144% from FY 2022).
• Profit margin: 29% (up from 14% in FY 2022). The increase in margin was primarily driven by higher revenue.
• EPS: US$0.054 (up from US$0.032 in FY 2022).

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

OrbusNeich Medical Group Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's shares are up 5.9% from a week ago.

Valuation

Our analysis of these results suggests OrbusNeich Medical Group Holdings may be undervalued based on 6 important criteria we look at. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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