Able Global Berhad Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Able Global Berhad (KLSE:ABLEGLOB) Full Year 2024 Results
Key Financial Results
- Revenue: RM729.2m (up 13% from FY 2023).
- Net income: RM69.0m (up 33% from FY 2023).
- Profit margin: 9.5% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: RM0.22 (up from RM0.17 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Able Global Berhad Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 2.7%.
The primary driver behind last 12 months revenue was the Food and Beverage segment contributing a total revenue of RM694.0m (95% of total revenue). Notably, cost of sales worth RM581.1m amounted to 80% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM33.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ABLEGLOB's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Food industry in Malaysia.
Performance of the Malaysian Food industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Able Global Berhad that you need to be mindful 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:ABLEGLOB
Able Global Berhad
An investment holding company, manufactures and sells tin cans and dairy products in Malaysia.
Undervalued with solid track record and pays a dividend.
