Wharf Real Estate Investment (HKG:1997) Full Year 2023 Results
Key Financial Results
- Revenue: HK$13.3b (up 6.8% from FY 2022).
- Net income: HK$4.77b (up from HK$8.86b loss in FY 2022).
- Profit margin: 36% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
- EPS: HK$1.57 (up from HK$2.92 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wharf Real Estate Investment EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company’s shares are up 5.9% from a week ago.
Risk Analysis
You still need to take note of risks, for example – Wharf Real Estate Investment has 1 warning sign we think you should be aware of.
Valuation is complex, but we’re helping make it simple.
Find out whether Wharf Real Estate Investment is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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