21-02-2025
LPI Capital Bhd Full Year 2024 Earnings: EPS Beats Expectations
Revenue: RM1.40b (up 8.3% from FY 2023).
Net income: RM377.1m (up 20% from FY 2023).
Profit margin: 27% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
EPS: RM0.95 (up from RM0.79 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%.
The primary driver behind last 12 months revenue was the General Insurance segment contributing a total revenue of RM1.88b (135% of total revenue). Notably, cost of sales worth RM900.0m amounted to 64% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling RM96.0m 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 LPI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.2% decline forecast for the Insurance industry in Malaysia.
Performance of the Malaysian Insurance industry.
The company's shares are up 3.4% from a week ago.
You should learn about the 2 warning signs we've spotted with LPI Capital Bhd (including 1 which is a bit concerning).
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