Taiwan Hon Chuan Enterprise Third Quarter 2024 Earnings: Misses Expectations

Taiwan Hon Chuan Enterprise (TWSE:9939) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$7.89b (up 7.1% from 3Q 2023).
• Net income: NT$858.0m (flat on 3Q 2023).
• Profit margin: 11% (in line with 3Q 2023).
• EPS: NT$2.98 (up from NT$2.97 in 3Q 2023).

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

Taiwan Hon Chuan Enterprise Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Packaging industry in Asia.

Performance of the market in Taiwan.

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

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Taiwan Hon Chuan Enterprise, and understanding them should be part of your investment process.

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