Stock Analysis

RFG Holdings Full Year 2023 Earnings: EPS Beats Expectations

Simply Wall St

Published November 25, 2023

RFG Holdings (JSE:RFG) Full Year 2023 Results

Key Financial Results

Revenue: R7.89b (up 8.7% from FY 2022).
Net income: R476.6m (up 32% from FY 2022).
Profit margin: 6.0% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue.
EPS: R1.83 (up from R1.38 in FY 2022).

JSE:RFG Revenue and Expenses Breakdown November 25th 2023

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

RFG Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the Regional segment contributing a total revenue of R6.00b (76% of total revenue). Notably, cost of sales worth R5.91b amounted to 75% of total revenue thereby underscoring the impact on earnings.Explore how RFG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Food industry in South Africa.

Performance of the South African Food industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for RFG Holdings that you should be aware of before investing here.

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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.