Samsung Electro-Mechanics Full Year 2024 Earnings: Beats Expectations

Samsung Electro-Mechanics (KRX:009150) Full Year 2024 Results

Key Financial Results

• Revenue: ₩10t (up 16% from FY 2023).
• Net income: ₩640.9b (up 43% from FY 2023).
• Profit margin: 6.2% (up from 5.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₩8,482 (up from ₩5,953 in FY 2023).

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

Samsung Electro-Mechanics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic industry in South Korea.

Performance of the South Korean Electronic industry.

The company's shares are down 2.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Samsung Electro-Mechanics' balance sheet.

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