Stock Analysis
- Hong Kong
- /
- Gas Utilities
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- SEHK:1083
Towngas Smart Energy Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Towngas Smart Energy (HKG:1083) Full Year 2022 Results
Key Financial Results
- Revenue: HK$20.1b (up 17% from FY 2021).
- Net income: HK$964.9m (down 23% from FY 2021).
- Profit margin: 4.8% (down from 7.3% in FY 2021). The decrease in margin was driven by higher expenses.
- EPS: HK$0.30 (down from HK$0.41 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Towngas Smart Energy Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 68%.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Gas Utilities industry in Hong Kong.
Performance of the Hong Kong Gas Utilities industry.
The company's shares are down 14% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Towngas Smart Energy (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether Towngas Smart Energy is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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