Swire Properties Full Year 2023 Earnings: EPS Misses Expectations

Swire Properties (HKG:1972) Full Year 2023 Results

Key Financial Results

• Revenue: HK$14.7b (flat on FY 2022).
• Net income: HK$2.64b (down 67% from FY 2022).
• Profit margin: 18% (down from 54% in FY 2022).
• EPS: HK$0.45 (down from HK$1.36 in FY 2022).

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

Swire Properties EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Swire Properties has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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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.