Stock Analysis

CapitaLand Investment Full Year 2023 Earnings: Misses Expectations

SGX:9CI
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CapitaLand Investment (SGX:9CI) Full Year 2023 Results

Key Financial Results

  • Revenue: S$2.78b (down 3.2% from FY 2022).
  • Net income: S$181.0m (down 79% from FY 2022).
  • Profit margin: 6.5% (down from 30% in FY 2022).
  • EPS: S$0.035 (down from S$0.17 in FY 2022).
earnings-and-revenue-growth
SGX:9CI Earnings and Revenue Growth March 3rd 2024

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

CapitaLand Investment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 76%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat.

Performance of the Singaporean Real Estate industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Be aware that CapitaLand Investment is showing 4 warning signs in our investment analysis and 2 of those shouldn't be ignored...

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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.