San Fang Chemical Industry Third Quarter 2024 Earnings: Beats Expectations
San Fang Chemical Industry (TWSE:1307) Third Quarter 2024 Results
Key Financial Results
- Revenue: NT$3.11b (up 12% from 3Q 2023).
- Net income: NT$385.9m (up 23% from 3Q 2023).
- Profit margin: 12% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$0.97 (up from NT$0.79 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
San Fang Chemical Industry Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Chemicals industry in Taiwan.
Performance of the Taiwanese Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for San Fang Chemical Industry that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TWSE:1307
San Fang Chemical Industry
Manufactures and sells artificial leather, synthetic resin, and other materials in Taiwan, China, Hong Kong, Southeast Asia, and internationally.
Flawless balance sheet, undervalued and pays a dividend.
