PAX Global Technology (HKG:327) has reported its full year 2023 financial results, including key figures such as revenue, net income, profit margin, and earnings per share. The company recorded a revenue of HK$6.71b, which was a decrease of 17% from the previous fiscal year. Net income came in at HK$1.16b, down 8.7% from the prior year. Despite these figures, the profit margin increased to 17% from 16% in FY 2022, driven by lower expenses. Earnings per share (EPS) stood at HK$1.08, a decrease from HK$1.17 in the previous year.
Looking at the performance of SEHK:327, analysts expected earnings and revenue growth to meet certain targets but were disappointed with the results as revenue missed estimates by 8.6% and EPS fell short by 6.7%. However, the company is forecasting a revenue growth rate of 11% per annum on average for the next three years compared to the industry average growth forecast for Hong Kong’s Electronic industry of 11%.
Despite these figures, PAX Global Technology’s shares have seen a slight decrease in value over the past week by approximately 1.4%. Investors should be aware of some potential risks involved with investing in this company as there are warning signs present that they should consider before making any investment decisions.
Valuation is an essential aspect of determining whether an investment is worthwhile or not; therefore it’s important to consider factors such as fair value estimates, risks, dividends, insider transactions and financial health when valuing a company like PAX Global Technology. Simply Wall St offers comprehensive analysis to help investors determine whether PAX Global Technology is potentially over or undervalued based on historical data and analyst forecasts using an unbiased methodology.
In conclusion, it’s crucial for investors to understand that this information provided in this article is based on historical data and analyst forecasts using an unbiased methodology; hence it may not include recent price-sensitive company announcements or qualitative material that could impact investment decisions.
