Financial Street Property (HKG:1502) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥1.51b (up 9.1% from FY 2022).
- Net income: CN¥128.1m (up 5.8% from FY 2022).
- Profit margin: 8.5% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.34 (up from CN¥0.32 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Financial Street Property Earnings Insights
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company’s shares are down 3.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we’ve spotted 1 warning sign for Financial Street Property you should be aware of.
Valuation is complex, but we’re helping make it simple.
Find out whether Financial Street Property 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.