- AGC lowers its full-year operating income forecast to 130.00 billion yen, previously 150.00 billion yen, and below the estimate of 145.62 billion yen.
- The company now expects a net loss of 95.00 billion yen, against an earlier forecast of 53.00 billion yen profit and an estimate of 51.3 billion yen profit.
- AGC maintains its net sales forecast at 2.10 trillion yen, matching the estimate of 2.1 trillion yen.
- The dividend forecast remains unchanged at 210.00 yen, in line with the estimate.
- First Half Results:
- Architectural Glass operating profit: 10.16 billion yen, down 45% year-over-year (y/y).
- Automotive operating income: 10.55 billion yen, up 3.3% y/y.
- Electronics operating profit: 20.02 billion yen, significantly higher than 2.95 billion yen y/y.
- Second Quarter Results:
- Operating income: 32.55 billion yen, an increase of 8.2% y/y, exceeding the estimate of 31.93 billion yen.
- Net loss: 93.55 billion yen, compared to a profit of 18.51 billion yen y/y.
- Net sales: 516.46 billion yen, up 4.1% y/y, slightly above the estimate of 516.05 billion yen.
- AGC shares decline by 6.5% to 5,046 yen with 831,700 shares traded.
- Current analyst recommendations include 6 buys, 6 holds, and no sells.
A look at AGC Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
AGC Inc, a company known for manufacturing a range of glass products used in construction, LCD screens, and automobiles, has been assigned Smartkarma Smart Scores to assess its long-term outlook. With a high score in Dividend and a solid score in Value, AGC Inc demonstrates strength in providing returns to its investors and being undervalued in the market. However, with lower scores in Growth, Resilience, and Momentum, the company may face challenges in expanding its business, weathering economic uncertainties, and maintaining a strong upward trend in its stock performance.
Despite certain areas of concern, AGC Inc‘s strong performance in dividends and value could be appealing to income-seeking investors looking for stable returns. Investors with a long-term perspective may find AGC Inc‘s commitment to dividend payments and its perceived undervaluation attractive, but they should also consider the company’s lower scores in growth, resilience, and momentum as potential risks to monitor in the future.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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