Stock Analysis

San Fang Chemical Industry Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

Published November 10, 2024

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).

TWSE:1307 Earnings and Revenue Growth November 10th 2024

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.