Pan Ocean Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Pan Ocean (KRX:028670) Full Year 2024 Results

Key Financial Results

• Revenue: ₩5.16t (up 18% from FY 2023).
• Net income: ₩268.1b (up 9.4% from FY 2023).
• Profit margin: 5.2% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₩502 (up from ₩458 in FY 2023).

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

Pan Ocean Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Shipping industry in Asia.

Performance of the market in South Korea.

The company's shares are down 3.9% from a week ago.

Valuation

Following the latest earnings results, Pan Ocean may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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