Frasers Property Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Frasers Property (SGX:TQ5) Full Year 2023 Results

Key Financial Results

• Revenue: S$3.95b (up 1.8% from FY 2022).
• Net income: S$173.1m (down 80% from FY 2022).
• Profit margin: 4.4% (down from 23% in FY 2022).
• EPS: S$0.031 (down from S$0.22 in FY 2022).

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

Frasers Property Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 52%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.2% growth forecast for the Real Estate industry in Singapore.

Performance of the Singaporean Real Estate industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Frasers Property (1 is potentially serious!) that you need to take into consideration.

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