Chieftek Precision Third Quarter 2024 Earnings: EPS: NT$0.15 (vs NT$0.29 in 3Q 2023)

Chieftek Precision (TWSE:1597) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$280.4m (up 14% from 3Q 2023).
• Net income: NT$13.5m (down 47% from 3Q 2023).
• Profit margin: 4.8% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.15 (down from NT$0.29 in 3Q 2023).

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

Chieftek Precision Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan.

Performance of the Taiwanese Machinery industry.

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

Risk Analysis

You still need to take note of risks, for example - Chieftek Precision has 3 warning signs (and 2 which are a bit unpleasant) we think you should know about.

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