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Shihlin Electric & Engineering Second Quarter 2024 Earnings: Revenues Disappoint
Shihlin Electric & Engineering (TWSE:1503) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$8.17b (up 6.4% from 2Q 2023).
- Net income: NT$707.0m (up 19% from 2Q 2023).
- Profit margin: 8.7% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$1.36 (up from NT$1.14 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shihlin Electric & Engineering Earnings Insights
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan.
Performance of the Taiwanese Electrical industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Shihlin Electric & Engineering, and understanding it should be part of your investment process.
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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.
About TWSE:1503
Shihlin Electric & Engineering
Manufactures and sells of heavy electrical equipment, electrical machinery, electrical automotive equipment, and related parts in Taiwan, Mainland China, Vietnam, and internationally.
Flawless balance sheet with high growth potential.