Feng Tay Enterprises Full Year 2024 Earnings: Misses Expectations

Feng Tay Enterprises (TWSE:9910) Full Year 2024 Results

Key Financial Results

• Revenue: NT$87.5b (up 2.0% from FY 2023).
• Net income: NT$5.87b (up 18% from FY 2023).
• Profit margin: 6.7% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: NT$5.94 (up from NT$5.04 in FY 2023).

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

Feng Tay Enterprises Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 3.2%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in Taiwan.

Performance of the Taiwanese Luxury industry.

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

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Feng Tay Enterprises that you should be aware of.

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