Stock Analysis
Sasol (JSE:SOL) Full Year 2024 Results
Key Financial Results
- Revenue: R275.1b (down 5.0% from FY 2023).
- Net loss: R44.3b (down from R8.80b profit in FY 2023).
- R69.94 loss per share (down from R14.00 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sasol Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Energy - Fuels segment contributing a total revenue of R118.9b (43% of total revenue). Notably, cost of sales worth R153.4b amounted to 56% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling R88.9b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how SOL's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Chemicals industry in Africa.
Performance of the market in South Africa.
The company's shares are up 3.9% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Sasol has 1 warning sign we think you should be aware 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:SOL
Sasol
Operates as a chemical and energy company in South Africa and internationally.
