Nissin Foods (HKG:1475) Full Year 2024 Results
Key Financial Results
- Revenue: HK$3.81b (flat on FY 2023).
- Net income: HK$201.0m (down 39% from FY 2023).
- Profit margin: 5.3% (down from 8.6% in FY 2023).
- EPS: HK$0.19 (down from HK$0.32 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nissin Foods EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%.
The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of HK$2.50b (66% of total revenue). Notably, cost of sales worth HK$2.50b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to HK$542.1m (49% of total expenses). Explore how 1475's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Hong Kong.
Performance of the Hong Kong Food industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Nissin Foods that you need to be mindful of.
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