Powertech Technology Full Year 2023 Earnings: EPS Beats Expectations

Powertech Technology (TWSE:6239) Full Year 2023 Results

Key Financial Results

• Revenue: NT$70.4b (down 16% from FY 2022).
• Net income: NT$8.01b (down 7.8% from FY 2022).
• Profit margin: 11% (up from 10% in FY 2022).
• EPS: NT$10.72 (down from NT$11.60 in FY 2022).

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

Powertech Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are up 9.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Powertech Technology 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.