J&T Global Express Full Year 2024 Earnings: Misses Expectations

J&T Global Express (HKG:1519) Full Year 2024 Results

Key Financial Results

• Revenue: US$10.3b (up 16% from FY 2023).
• Net income: US$100.6m (up from US$1.10b loss in FY 2023).
• Profit margin: 1.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.012 (up from US$0.26 loss in FY 2023).

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

J&T Global Express Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 54%.

The primary driver behind last 12 months revenue was the China segment contributing a total revenue of US$6.39b (62% of total revenue). Notably, cost of sales worth US$9.18b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$818.5m (84% of total expenses). Explore how 1519's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Logistics industry in Hong Kong.

Performance of the Hong Kong Logistics industry.

The company's shares are down 1.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on J&T Global Express' balance sheet health.

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