In This Article:
New Hope (ASX:NHC) Full Year 2024 Results
Key Financial Results
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Revenue: AU$1.80b (down 35% from FY 2023).
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Net income: AU$475.9m (down 56% from FY 2023).
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Profit margin: 26% (down from 40% in FY 2023). The decrease in margin was driven by lower revenue.
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EPS: AU$0.56 (down from AU$1.26 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
New Hope Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 1.5%.
The primary driver behind last 12 months revenue was the Coal Mining NSW segment contributing a total revenue of AU$1.56b (87% of total revenue). Notably, cost of sales worth AU$906.2m amounted to 50% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling AU$230.6m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how NHC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Oil and Gas industry in Australia.
Performance of the Australian Oil and Gas industry.
The company's shares are up 10% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with New Hope (at least 1 which is concerning), and understanding them should be part of your investment process.
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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.