Mega Financial Holding Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Mega Financial Holding (TWSE:2886) Full Year 2024 Results

Key Financial Results

• Revenue: NT$75.8b (up 11% from FY 2023).
• Net income: NT$34.8b (up 4.6% from FY 2023).
• Profit margin: 46% (down from 49% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$2.35 (up from NT$2.30 in FY 2023).

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

Mega Financial Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.9% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Our analysis of these results suggests Mega Financial Holding may be overvalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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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.