Techtronic Industries (HKG:669) H1 2024 results
Key financial results
- Revenue: $7.31 billion (up 6.3% from H1 2023).
- Net profit: $550.4 million (up 16% from H1 2023).
- Profit margin: 7.5% (compared to 6.9% in H1 2023). The increase in margin is due to higher sales.
- Earnings per share: $0.30 (compared to $0.26 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Techtronic Industries meets expectations
Sales were in line with analysts’ estimates. Earnings per share (EPS) also met analysts’ expectations.
An average sales growth of 8.5% per annum is expected for the next three years. In contrast, growth of 12% is forecast for the mechanical engineering sector in Hong Kong.
Performance of Mechanical engineering industry in Hong Kong.
The company’s shares fell 5.3 percent compared to the previous week.
Balance sheet analysis
Although it is very important to consider the income statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphical representation of Techtronic Industries’ balance sheet and an in-depth analysis of the company’s financial position.
Valuation is complex, but we are here to simplify it.
Find out if Techtronic Industries could be undervalued or overvalued with our detailed analysis, with Fair value estimates, potential risks, dividends, insider trading and the company’s financial condition.
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