Alkhorayef Water and Power Technologies Full Year 2023 Earnings: EPS Misses Expectations
AWPT 2081.SA | 160.40 | +0.12% |
Alkhorayef Water and Power Technologies (TADAWUL:2081) Full Year 2023 Results
Key Financial Results
- Revenue: ر.س1.71b (up 108% from FY 2022).
- Net income: ر.س140.0m (up 30% from FY 2022).
- Profit margin: 8.2% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: ر.س5.60 (up from ر.س4.30 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alkhorayef Water and Power Technologies EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Water Utilities industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are down 2.4% from a week ago.
Valuation
Our analysis of these results suggests Alkhorayef Water and Power Technologies may be overvalued based on 6 important criteria we look at. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
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.
