Nexteer Automotive Group (HKG:1316) Full Year 2024 Results
Key Financial Results
- Revenue: US$4.28b (up 1.6% from FY 2023).
- Net income: US$61.7m (up 68% from FY 2023).
- Profit margin: 1.4% (up from 0.9% in FY 2023).
- EPS: US$0.025 (up from US$0.015 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nexteer Automotive Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 22%.
The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of US$2.24b (52% of total revenue). Notably, cost of sales worth US$3.79b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$165.8m (40% of total expenses). Explore how 1316's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong.
Performance of the Hong Kong Auto Components industry.
The company's shares are up 6.5% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Nexteer Automotive Group.
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