CMOC Group Third Quarter 2024 Earnings: EPS: CN¥0.14 (vs CN¥0.08 in 3Q 2023)

CMOC Group (HKG:3993) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥51.9b (up 16% from 3Q 2023).
• Net income: CN¥2.86b (up 64% from 3Q 2023).
• Profit margin: 5.5% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.14 (up from CN¥0.08 in 3Q 2023).

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

CMOC Group Earnings Insights

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Metals and Mining industry in Hong Kong.

Performance of the Hong Kong Metals and Mining industry.

The company's shares are down 7.2% from a week ago.

Valuation

Our analysis of these results suggests CMOC Group may be undervalued based on 6 important criteria we look at. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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