Lenovo Group (HKG:992) Full Year 2024 Results
Key Financial Results
- Revenue: US$56.9b (down 8.2% from FY 2023).
- Net income: US$1.01b (down 37% from FY 2023).
- Profit margin: 1.8% (down from 2.6% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.084 (down from US$0.14 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lenovo Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%.
The primary driver behind last 12 months revenue was the Intelligent Devices Group (IDG) segment contributing a total revenue of US$44.6b (78% of total revenue). Notably, cost of sales worth US$47.1b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$3.31b (38% of total expenses). Explore how 992's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Tech industry in Asia.
Performance of the market in Hong Kong.
The company's shares are up 8.2% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Lenovo Group, and understanding these should be part of your investment process.
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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.
About SEHK:992
Lenovo Group
An investment holding company, develops, manufactures, and markets technology products and services.
Very undervalued with excellent balance sheet and pays a dividend.
