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

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

Key Financial Results

• Revenue: NT$6.39b (up 16% from 3Q 2023).
• Net income: NT$920.1m (up 25% from 3Q 2023).
• Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.86 (up from NT$1.51 in 3Q 2023).

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

Chung-Hsin Electric and Machinery Manufacturing Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 8.5%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Taiwan.

Performance of the Taiwanese Electrical industry.

The company's shares are down 3.9% 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. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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