Stock Analysis
Greatview Aseptic Packaging Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Greatview Aseptic Packaging (HKG:468) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥3.82b (down 3.1% from FY 2022).
- Net income: CN¥244.2m (up 34% from FY 2022).
- Profit margin: 6.4% (up from 4.6% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: CN¥0.18 (up from CN¥0.14 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Greatview Aseptic Packaging EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) exceeded analyst estimates by 1.6%.
The primary driver behind last 12 months revenue was the People's Republic of China (PRC) segment contributing a total revenue of CN¥2.17b (57% of total revenue). Notably, cost of sales worth CN¥3.14b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥226.4m (52% of total expenses). Explore how 468's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Packaging industry in Asia.
Performance of the market in Hong Kong.
The company's shares are up 2.9% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Greatview Aseptic Packaging, and understanding this should be part of your investment process.
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About SEHK:468
Greatview Aseptic Packaging
Greatview Aseptic Packaging Company Limited, an investment holding company, provides packaging solutions to the liquid food industry in the People's Republic of China and internationally.
Flawless balance sheet and good value.