PAX Global Technology Full Year 2023 Earnings: Misses Expectations

PAX Global Technology (HKG:327) Full Year 2023 Results

Key Financial Results

• Revenue: HK$6.71b (down 17% from FY 2022).
• Net income: HK$1.16b (down 8.7% from FY 2022).
• Profit margin: 17% (up from 16% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: HK$1.08 (down from HK$1.17 in FY 2022).

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

PAX Global Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 11% 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 1.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - PAX Global Technology has 2 warning signs (and 1 which is a bit concerning) 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.