Stock Analysis
Mpact (JSE:MPT) First Half 2023 Results
Key Financial Results
- Revenue: R6.24b (up 8.7% from 1H 2022).
- Net income: R278.6m (up 38% from 1H 2022).
- Profit margin: 4.5% (up from 3.5% in 1H 2022). The increase in margin was driven by higher revenue.
- EPS: R1.91 (up from R1.39 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mpact Earnings Insights
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Global Packaging industry.
Performance of the market in South Africa.
The company's shares are up 9.1% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Mpact that you need to be mindful of.
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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 JSE:MPT
Mpact
Engages in the paper and plastic packaging and recycling business in South Africa.
Excellent balance sheet, good value and pays a dividend.
