Furukawa Electric Full Year 2024 Earnings: EPS Beats Expectations

Furukawa Electric (TSE:5801) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥1.06t (flat on FY 2023).
• Net income: JP¥6.51b (down 64% from FY 2023).
• Profit margin: 0.6% (down from 1.7% in FY 2023).
• EPS: JP¥92.39 (down from JP¥254 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Furukawa Electric EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electrical industry in Japan.

Performance of the Japanese Electrical industry.

The company's shares are up 3.2% from a week ago.

Valuation

Following the latest earnings results, Furukawa Electric may be overvalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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