Adrian JohnsonTLDR:
Posiflex Technology reported Full Year 2023 results with a decrease in revenue, net income, profit margin, and EPS compared to the previous year. The EPS missed analyst expectations by 22%. The company’s shares are down 1.7% from a week ago. Risk Analysis shows 2 warning signs. Analysts forecast a 10% p.a. revenue growth for the next 2 years.
Posiflex Technology Full Year 2023 Earnings: EPS Misses Expectations
Posiflex Technology (TWSE:8114) reported its Full Year 2023 results with key financial results including:
- Revenue: NT$9.87b (down 18% from FY 2022)
- Net income: NT$419.6m (down 50% from FY 2022)
- Profit margin: 4.3% (down from 7.1% in FY 2022)
- Earnings per share (EPS): NT$5.55 (down from NT$11.25 in FY 2022)
The decrease in margin was driven by lower revenue, and the EPS missed analyst estimates by 22%. While revenue was in line with analyst estimates, the company’s shares are down 1.7% from a week ago. Looking ahead, analysts forecast a 10% p.a. revenue growth for the next 2 years, slightly lower than the industry forecast of 11% growth in Taiwan’s Electronic sector.
Risk Analysis
Before making any investment decisions, it is essential to note that there are 2 warning signs for Posiflex Technology that investors should be aware of. Valuation is complex, so comprehensive analysis is recommended to determine if the company is potentially over or undervalued.
About Posiflex Technology
Posiflex Technology, Inc. manufactures and sells industrial computers and peripheral equipment globally. The company has a flawlessly balanced balance sheet, is undervalued, and pays dividends.