Sime Darby Berhad Full Year 2024 Earnings: Beats Expectations

Simply Wall St · 10/18 22:22

Sime Darby Berhad (KLSE:SIME) Full Year 2024 Results

Key Financial Results

  • Revenue: RM67.1b (up 39% from FY 2023).
  • Net income: RM1.26b (down 1.9% from FY 2023).
  • Profit margin: 1.9% (down from 2.7% in FY 2023). The decrease in margin was driven by higher expenses.
  • EPS: RM0.18 (down from RM0.19 in FY 2023).
revenue-and-expenses-breakdown
KLSE:SIME Revenue and Expenses Breakdown October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sime Darby Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 134%.

The primary driver behind last 12 months revenue was the Motors segment contributing a total revenue of RM37.2b (55% of total revenue). Notably, cost of sales worth RM56.2b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM7.02b (72% of total expenses). Explore how SIME's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Industrials industry in Asia.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Sime Darby Berhad has 1 warning sign we think you should be aware of.