Stock Analysis
DENSO (TSE:6902) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥7.14t (up 12% from FY 2023).
- Net income: JP¥312.8b (flat on FY 2023).
- Profit margin: 4.4% (down from 4.9% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: JP¥105.
All figures shown in the chart above are for the trailing 12 month (TTM) period
DENSO EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.
The primary driver behind last 12 months revenue was the Japan segment contributing a total revenue of JP¥4.17t (58% of total revenue). Notably, cost of sales worth JP¥6.05t amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥715.2b (92% of total expenses). Explore how 6902's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Japan.
Performance of the Japanese Auto Components industry.
The company's shares are down 2.2% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on DENSO's balance sheet.
Valuation is complex, but we're helping make it simple.
Find out whether DENSO 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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About TSE:6902
DENSO
Engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally.
Excellent balance sheet established dividend payer.
