Motus Holdings Full Year 2023 Earnings: In Line With Expectations

Motus Holdings (JSE:MTH) Full Year 2023 Results

Key Financial Results

• Revenue: R106.3b (up 16% from FY 2022).
• Net income: R3.35b (up 1.9% from FY 2022).
• Profit margin: 3.2% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: R20.08 (up from R19.02 in FY 2022).

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

Motus Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Specialty Retail industry in South Africa.

Performance of the South African Specialty Retail industry.

The company's shares are down 1.1% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Motus Holdings could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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