COSCO SHIPPING Ports Full Year 2023 Earnings: EPS Beats Expectations

COSCO SHIPPING Ports (HKG:1199) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.45b (flat on FY 2022).
• Net income: US$324.6m (up 5.8% from FY 2022).
• Profit margin: 22% (up from 21% in FY 2022).
• EPS: US$0.093 (up from US$0.091 in FY 2022).

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

COSCO SHIPPING Ports EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Infrastructure industry in Hong Kong.

Performance of the Hong Kong Infrastructure industry.

The company's shares are down 5.3% from a week ago.

Valuation

Following the latest earnings results, COSCO SHIPPING Ports may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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