Mitsubishi Motors (TSE:7211) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥2.79t (up 14% from FY 2023).
- Net income: JP¥154.7b (down 8.3% from FY 2023).
- Profit margin: 5.5% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: JP¥104 (down from JP¥113 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mitsubishi Motors EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Auto industry in Japan.
Performance of the Japanese Auto industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Mitsubishi Motors (1 is a bit concerning!) that you should be aware of before investing here.
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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.
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About TSE:7211
Mitsubishi Motors
Engages in the development, production, and sale of passenger vehicles, and its parts and components in Japan, Europe, North America, Oceania, the rest of Asia, and internationally.
Undervalued with excellent balance sheet.
