Stock Analysis
- Taiwan
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- Auto Components
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- TWSE:1319
Tong Yang Industry First Quarter 2024 Earnings: EPS Misses Expectations
Tong Yang Industry (TWSE:1319) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$6.17b (up 10% from 1Q 2023).
- Net income: NT$1.17b (up 139% from 1Q 2023).
- Profit margin: 19% (up from 8.8% in 1Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: NT$1.98 (up from NT$0.83 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tong Yang Industry EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan.
Performance of the Taiwanese Auto Components industry.
The company's shares are up 13% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Tong Yang Industry that you should be aware of.
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About TWSE:1319
Tong Yang Industry
Engages in the manufacture and sale of parts, components, and models for automobile and motorcycle in Taiwan, China, the United States, and internationally.
Flawless balance sheet with solid track record and pays a dividend.