Orient Overseas (International) (HKG:316) Full Year 2024 Results
Key Financial Results
- Revenue: US$10.7b (up 28% from FY 2023).
- Net income: US$2.58b (up 88% from FY 2023).
- Profit margin: 24% (up from 16% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$3.90 (up from US$2.07 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orient Overseas (International) Revenues Beat Expectations
Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Container Transport and Logistics segment contributing a total revenue of US$10.7b (100% of total revenue). Notably, cost of sales worth US$7.88b amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$518.6m (90% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$331.0m. Explore how 316's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to fall by 5.7% p.a. on average during the next 3 years compared to a 3.6% decline forecast for the Shipping industry in Hong Kong.
Performance of the Hong Kong Shipping industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Orient Overseas (International) (1 doesn't sit too well with us!) that you should be aware of before investing here.
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