Amway (Malaysia) Holdings Berhad Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Amway (Malaysia) Holdings Berhad (KLSE:AMWAY) Full Year 2023 Results

Key Financial Results

• Revenue: RM1.41b (down 7.0% from FY 2022).
• Net income: RM115.9m (up 51% from FY 2022).
• Profit margin: 8.2% (up from 5.1% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: RM0.70 (up from RM0.47 in FY 2022).

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

Amway (Malaysia) Holdings Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 7.7%.

In the last 12 months, the only revenue segment was Distribution of Consumer Products contributing RM1.41b. Notably, cost of sales worth RM1.06b amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM135.7m (58% of total expenses). Explore how AMWAY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.2% growth forecast for the Specialty Retail industry in Malaysia.

Performance of the Malaysian Specialty Retail industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Amway (Malaysia) Holdings Berhad (1 doesn't sit too well with us!) that you should be aware of.

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