HD Hyundai Heavy IndustriesLtd Third Quarter 2024 Earnings: Misses Expectations

HD Hyundai Heavy IndustriesLtd (KRX:329180) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩3.61t (up 27% from 3Q 2023).
• Net income: ₩72.2b (up from ₩9.83b loss in 3Q 2023).
• Profit margin: 2.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: ₩813 (up from ₩111 loss in 3Q 2023).

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

HD Hyundai Heavy IndustriesLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 10% 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 19% from a week ago.

Valuation

Following the latest earnings results, HD Hyundai Heavy IndustriesLtd may be overvalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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