Sheng Siong Group Full Year 2024 Earnings: EPS Misses Expectations

Sheng Siong Group (SGX:OV8) Full Year 2024 Results

Key Financial Results

• Revenue: S$1.43b (up 4.5% from FY 2023).
• Net income: S$137.5m (up 2.9% from FY 2023).
• Profit margin: 9.6% (in line with FY 2023).
• EPS: S$0.091 (up from S$0.089 in FY 2023).

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

Sheng Siong Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%.

In the last 12 months, the only revenue segment was Supermarket Operations Selling Consumer Goods contributing S$1.43b. Notably, cost of sales worth S$993.2m amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to S$236.5m (79% of total expenses). Explore how OV8's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Retailing industry in Asia.

Performance of the market in Singapore.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Sheng Siong Group that we have uncovered.

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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.