In This Article:
Challenger (ASX:CGF) Full Year 2024 Results
Key Financial Results
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Revenue: AU$2.93b (up 23% from FY 2023).
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Net income: AU$134.5m (down 55% from FY 2023).
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Profit margin: 4.6% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.
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EPS: AU$0.19 (down from AU$0.43 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Challenger EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%.
Looking ahead, revenue is expected to fall by 24% p.a. on average during the next 3 years compared to a 7.4% decline forecast for the Diversified Financial industry in Australia.
Performance of the Australian Diversified Financial industry.
The company's shares are up 10% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Challenger (1 is a bit concerning!) that you need to take into consideration.
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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.