Cowell e Holdings Full Year 2023 Earnings: Misses Expectations

Cowell e Holdings (HKG:1415) Full Year 2023 Results

Key Financial Results

• Revenue: US$923.8m (down 17% from FY 2022).
• Net income: US$46.6m (down 45% from FY 2022).
• Profit margin: 5.0% (down from 7.6% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.055 (down from US$0.10 in FY 2022).

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

Cowell e Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong.

Performance of the Hong Kong Electronic industry.

The company's shares are down 7.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Cowell e Holdings that you need to be mindful of.

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