Thungela Resources Full Year 2022 Earnings: EPS Misses Expectations

Simply Wall St

March 29, 2023

Thungela Resources (JSE:TGA) Full Year 2022 Results

Key Financial Results

Revenue: R50.8b (up 93% from FY 2021).
Net income: R17.0b (up 164% from FY 2021).
Profit margin: 34% (up from 25% in FY 2021). The increase in margin was driven by higher revenue.
EPS: R127 (up from R61.08 in FY 2021).

earnings-and-revenue-growth — JSE:TGA Earnings and Revenue Growth March 29th 2023

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

Thungela Resources EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%.

Looking ahead, revenue is expected to fall by 19% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in Africa.

Performance of the market in South Africa.

The company's shares are down 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Thungela Resources (1 is a bit unpleasant!) that you need to take into consideration.

Valuation is complex, but we're here to simplify it.

Discover if Thungela Resources might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.