Stock Analysis
- Taiwan
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- TWSE:6412
Chicony Power Technology First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Chicony Power Technology (TWSE:6412) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$8.05b (down 3.0% from 1Q 2023).
- Net income: NT$680.9m (up 17% from 1Q 2023).
- Profit margin: 8.5% (up from 7.0% in 1Q 2023). The increase in margin was driven by lower expenses.
- EPS: NT$1.70 (up from NT$1.47 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chicony Power Technology EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 1.0%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in Taiwan.
Performance of the Taiwanese Electrical industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Chicony Power Technology that you should be aware of.
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Find out whether Chicony Power Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About TWSE:6412
Chicony Power Technology
Manufactures and sells switching power supplies and LED lighting products in Taiwan.
Flawless balance sheet, undervalued and pays a dividend.