Towngas Smart Energy Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 17, 2023

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).

earnings-and-revenue-growth — SEHK:1083 Earnings and Revenue Growth March 17th 2023

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 here to simplify it.

Discover if Towngas Smart Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.