Asia Vital Components (TWSE:3017) Third Quarter 2024 Results
Key Financial Results
- Revenue: NT$19.1b (up 21% from 3Q 2023).
- Net income: NT$2.32b (up 63% from 3Q 2023).
- Profit margin: 12% (up from 9.0% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$6.02 (up from NT$3.72 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Asia Vital Components Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan.
Performance of the Taiwanese Tech industry.
The company's shares are down 5.7% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Asia Vital Components, and understanding it should be part of your investment process.
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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:3017
Exceptional growth potential with outstanding track record.
