Chung-Hsin Electric and Machinery Manufacturing Second Quarter 2024 Earnings: EPS Misses Expectations

Chung-Hsin Electric and Machinery Manufacturing (TWSE:1513) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$6.13b (up 24% from 2Q 2023).
• Net income: NT$897.1m (up from NT$685.7m loss in 2Q 2023).
• Profit margin: 15% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: NT$1.82 (up from NT$1.42 loss in 2Q 2023).

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

Chung-Hsin Electric and Machinery Manufacturing EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 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 4.8% from a week ago.

Valuation

Our analysis of Chung-Hsin Electric and Machinery Manufacturing based on 6 different valuation metrics shows it might be undervalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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