Stock Analysis
- Singapore
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- Real Estate
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- SGX:TQ5
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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About SGX:TQ5
Frasers Property
An investment holding company, develops, invests in, and manages a portfolio of real estate properties.