Yahoo Finance Jardine Cycle & Carriage Full Year 2023 Earnings: Beats Expectations
Jardine Cycle & Carriage (SGX:C07) Full Year 2023 Results
Key Financial Results
Revenue: US$22.2b (up 3.1% from FY 2022).
Net income: US$1.22b (up 64% from FY 2022).
Profit margin: 5.5% (up from 3.4% in FY 2022).
EPS: US$3.08 (up from US$1.87 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jardine Cycle & Carriage Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 17%.
The primary driver behind last 12 months revenue was the Astra segment contributing a total revenue of US$20.6b (93% of total revenue). Notably, cost of sales worth US$17.2b amounted to 77% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$1.89b 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 C07's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrials industry in Asia.
Performance of the market in Singapore.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Jardine Cycle & Carriage (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.
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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.
