Stock Analysis
- Hong Kong
- /
- Specialty Stores
- /
- SEHK:1929
Chow Tai Fook Jewellery Group Full Year 2024 Earnings: EPS Misses Expectations
Chow Tai Fook Jewellery Group (HKG:1929) Full Year 2024 Results
Key Financial Results
- Revenue: HK$108.7b (up 15% from FY 2023).
- Net income: HK$6.50b (up 21% from FY 2023).
- Profit margin: 6.0% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: HK$0.65 (up from HK$0.54 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chow Tai Fook Jewellery Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.
The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of HK$89.7b (83% of total revenue). Notably, cost of sales worth HK$86.4b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to HK$7.63b (48% of total expenses). Explore how 1929's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Specialty Retail industry in Hong Kong.
Performance of the Hong Kong Specialty Retail industry.
The company's shares are down 12% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Chow Tai Fook Jewellery Group that you should be aware of before investing here.
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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.
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About SEHK:1929
Chow Tai Fook Jewellery Group
An investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, and internationally.