Stock Analysis
High Quality Food (BIT:HQF) Full Year 2023 Results
Key Financial Results
- Revenue: €20.5m (flat on FY 2022).
- Net income: €584.5k (up 67% from FY 2022).
- Profit margin: 2.8% (up from 1.7% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
High Quality Food Earnings Insights
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Food industry in Italy.
Performance of the Italian Food industry.
The company's shares are down 3.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for High Quality Food (of which 2 are a bit concerning!) you should know about.
Valuation is complex, but we're here to simplify it.
Discover if High Quality Food 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.
About BIT:HQF
High Quality Food
Engages in the production, transformation, and distribution of food products in Italy and internationally.
