Sime Darby Berhad (KLSE:SIME) Full Year 2024 Results
Key Financial Results
- Revenue: RM67.1b (up 39% from FY 2023).
- Net income: RM1.26b (down 1.9% from FY 2023).
- Profit margin: 1.9% (down from 2.7% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: RM0.18 (down from RM0.19 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sime Darby Berhad Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 134%.
The primary driver behind last 12 months revenue was the Motors segment contributing a total revenue of RM37.2b (55% of total revenue). Notably, cost of sales worth RM56.2b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM7.02b (72% of total expenses). Explore how SIME's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Industrials industry in Asia.
Performance of the market in Malaysia.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Sime Darby Berhad has 1 warning sign we think you should be aware of.
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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.
About KLSE:SIME
Sime Darby Berhad
An investment holding company, operates in the industrial, motors, and other businesses in Malaysia, China, Australia, and internationally.
Undervalued with adequate balance sheet.
