Earnings Alerts

ICTSI (ICT) Earnings: 1H Net Income Hits $420.6M with Strong EBITDA of $865M

  • 1H Net Income: ICTSI reported a net income of $420.6 million for the first half of 2024.
  • EBITDA: The company’s EBITDA reached $865.0 million.
  • Second Quarter Results:
    • EPS: Earnings per share (EPS) were 10.1 cents in the second quarter.
  • Analyst Ratings:
    • 13 Buys: 13 analysts recommend buying the stock.
    • 5 Holds: 5 analysts suggest holding the stock.
    • 1 Sell: 1 analyst advises selling the stock.

ICTSI on Smartkarma

Smartkarma, the independent investment research network, hosts valuable analyst coverage on International Container Terminal Services Inc. (ICTSI). Leonard Law, CFA, from Lucror Analytics, provides insights on ICTSI‘s strong position in the Philippine container terminal operations and its diversified global presence across 19 countries. Despite potential competitive pressures and political risks in frontier markets, Law views ICTSI as “Low Risk” with a “Stable” fundamental credit bias, supported by improving leverage and healthy revenue growth. Controversies, though deemed “Material,” have not significantly impacted ICTSI‘s operations, with the overall ESG Impact remaining “Neutral.”

In another report, Lucror Analytics evaluates ICTSI‘s Environmental, Social, and Governance (ESG) scores as “Adequate,” with controversies labeled as “Immaterial” and disclosure rated as “Adequate.” This assessment underscores ICTSI‘s commitment to maintaining ESG standards, despite past controversies and criticisms related to labor rights violations and alleged bribery incidents. Smartkarma’s platform offers investors valuable insights from top analysts like Leonard Law, CFA, aiding in informed decision-making regarding investments in companies like ICTSI.


A look at ICTSI Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.4

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

International Container Terminal Services, Inc. (ICTSI), a company that specializes in containerized cargo handling services, has garnered a mixed outlook according to Smartkarma Smart Scores. While the company excels in growth and momentum, with scores of 5 in both categories, it falls short in terms of value and resilience, scoring a 2 on each. However, with a moderate score of 3 for dividends, there is potential for some returns for investors looking for income.

As ICTSI manages and operates the Manila International Container Terminal and port, its ability to sustain growth and momentum in the dynamic cargo handling industry seems promising. Investors should keep an eye on the company’s efforts to enhance its value and resilience factors to ensure a more well-rounded investment opportunity in the long term.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars