Tae Kwang Third Quarter 2024 Earnings: EPS: ₩268 (vs ₩444 in 3Q 2023)

Tae Kwang (KOSDAQ:023160) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩61.8b (down 17% from 3Q 2023).
• Net income: ₩6.94b (down 40% from 3Q 2023).
• Profit margin: 11% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: ₩268 (down from ₩444 in 3Q 2023).

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

Tae Kwang Earnings Insights

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea.

Performance of the South Korean Machinery industry.

The company's shares are up 10% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Tae Kwang could be a good place to look. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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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.