Stock Analysis

TCC Group Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

TWSE:1101
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TCC Group Holdings (TWSE:1101) Second Quarter 2024 Results

Key Financial Results

  • Revenue: NT$39.0b (up 41% from 2Q 2023).
  • Net income: NT$2.27b (down 29% from 2Q 2023).
  • Profit margin: 5.8% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: NT$0.25 (down from NT$0.45 in 2Q 2023).
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TWSE:1101 Earnings and Revenue Growth August 17th 2024

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

TCC Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Asia are expected to remain flat.

Performance of the market in Taiwan.

The company's shares are down 4.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for TCC Group Holdings (1 can't be ignored) you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if TCC Group Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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