Stock Analysis

Yang Ming Marine Transport Full Year 2023 Earnings: EPS Misses Expectations

Published
TWSE:2609

Yang Ming Marine Transport (TWSE:2609) Full Year 2023 Results

Key Financial Results

  • Revenue: NT$140.6b (down 63% from FY 2022).
  • Net income: NT$4.77b (down 97% from FY 2022).
  • Profit margin: 3.4% (down from 48% in FY 2022). The decrease in margin was driven by lower revenue.
  • EPS: NT$1.37 (down from NT$51.71 in FY 2022).
TWSE:2609 Earnings and Revenue Growth March 15th 2024

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

Yang Ming Marine Transport EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is expected to fall by 2.6% p.a. on average during the next 2 years compared to a 4.8% decline forecast for the Shipping industry in Taiwan.

Performance of the Taiwanese Shipping industry.

The company's shares are down 2.3% from a week ago.

Risk Analysis

Be aware that Yang Ming Marine Transport is showing 4 warning signs in our investment analysis and 2 of those shouldn't be ignored...

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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.