Quang Viet Enterprise Full Year 2023 Earnings: Misses Expectations – Simply Wall St

Quang Viet Enterprise (TWSE:4438) Full Year 2023 Results

Key Financial Results

  • Revenue: NT$16.6b (down 18% from FY 2022).
  • Net income: NT$734.2m (down 38% from FY 2022).
  • Profit margin: 4.4% (down from 5.9% in FY 2022). The decrease in margin was driven by lower revenue.
  • EPS: NT$7.10 (down from NT$11.38 in FY 2022).
TWSE:4438 Earnings and Revenue Growth March 10th 2024

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

Quang Viet Enterprise Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Luxury industry in Taiwan.

Performance of the Taiwanese Luxury industry.

The company’s share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Quang Viet Enterprise is showing 1 warning sign in our investment analysis that you should know about…

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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.