Taiwan Hon Chuan Enterprise (TWSE:9939) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$7.50b (up 3.8% from 2Q 2023).
- Net income: NT$868.8m (up 12% from 2Q 2023).
- Profit margin: 12% (in line with 2Q 2023).
- EPS: NT$3.02 (up from NT$2.69 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Taiwan Hon Chuan Enterprise EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 4.1%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Packaging industry in Asia.
Performance of the market in Taiwan.
The company’s shares are up 7.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example – Taiwan Hon Chuan Enterprise has 3 warning signs we think you should be aware of.
Valuation is complex, but we’re here to simplify it.
Discover if Taiwan Hon Chuan Enterprise might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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