S-Oil Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

S-Oil (KRX:010950) Full Year 2023 Results

Key Financial Results

• Revenue: ₩36t (down 16% from FY 2022).
• Net income: ₩948.8b (down 55% from FY 2022).
• Profit margin: 2.7% (down from 5.0% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: ₩8,149 (down from ₩18,075 in FY 2022).

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

S-Oil Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 8.1%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 2.7% growth forecast for the Oil and Gas industry in South Korea.

Performance of the South Korean Oil and Gas industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for S-Oil that you should be aware of.

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