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Inventec Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line
Inventec (TWSE:2356) Full Year 2024 Results
Key Financial Results
- Revenue: NT$646.3b (up 26% from FY 2023).
- Net income: NT$7.27b (up 19% from FY 2023).
- Profit margin: 1.1% (down from 1.2% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: NT$2.03 (up from NT$1.71 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Inventec Revenues Beat Expectations
Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Core Segment segment contributing a total revenue of NT$641.3b (99% of total revenue). Notably, cost of sales worth NT$612.9b amounted to 95% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to NT$12.6b (48% of total expenses). Explore how 2356's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan.
Performance of the Taiwanese Tech industry.
The company's shares are down 5.0% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Inventec has 3 warning signs (and 2 which are a bit concerning) we think you should know about.
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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:2356
Inventec
Develops, manufactures, processes, and trades in computers and related products in Taiwan, the United States, Japan, Hong Kong, Macao, Mainland China, and internationally.
Mediocre balance sheet second-rate dividend payer.
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