Stock Analysis
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).
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.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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 JSE:RFG
RFG Holdings
Manufactures and markets convenience meal solutions in South Africa, the Kingdom of Eswatini, and internationally.
