Jardine Cycle & Carriage Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Jardine Cycle & Carriage (SGX:C07) Full Year 2024 Results

Key Financial Results

• Revenue: US$22.3b (flat on FY 2023).
• Net income: US$945.8m (down 22% from FY 2023).
• Profit margin: 4.2% (down from 5.5% in FY 2023).
• EPS: US$2.39 (down from US$3.08 in FY 2023).

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

Jardine Cycle & Carriage Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 8.2%.

The primary driver behind last 12 months revenue was the Indonesia-astra segment contributing a total revenue of US$20.7b (93% of total revenue). Notably, cost of sales worth US$17.4b amounted to 78% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$1.66b 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 C07's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Industrials industry in Asia.

Performance of the market in Singapore.

The company's shares are down 4.3% from a week ago.

Risk Analysis

Be aware that Jardine Cycle & Carriage is showing 1 warning sign in our investment analysis that you should know about...

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