Shin-Etsu Chemical’s 4Q operating income missed expectations, coming in at 141.51 billion yen instead of the estimated 171.49 billion yen.
The net income also fell short of projections, at 113.61 billion yen when 149.69 billion yen was estimated. This shortfall was based on two estimates provided.
Net sales also came in under the estimate of 597.2 billion yen. Shin-Etsu Chemical reported net sales of 591.53 billion yen.
On the yearly results, the firm’s operating income was 701.04 billion yen, which again was less than the estimated 735.05 billion yen.
The company’s net income for the year was 520.14 billion yen, falling short of the 543.47 billion yen that was estimated.
The corporate giant wasn’t able to meet the sales estimate of 2.42 trillion yen for the year, with net sales totaling 2.41 trillion yen.
In terms of analyst ratings, Shin-Etsu Chemical received 16 ‘buy’ recommendations, 4 ‘hold’ recommendations and 1 ‘sell’ recommendation.
A look at Shin Etsu Chemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
Shin-Etsu Chemical, a company known for producing synthetic resins and various chemical products, has been evaluated using the Smartkarma Smart Scores. With a Growth score of 4 out of 5, the company shows promise for future expansion and development. This suggests that Shin-Etsu Chemical may have strong prospects for long-term growth in its industry.
Additionally, Shin-Etsu Chemical scored a 4 in both Resilience and Momentum, highlighting the company’s ability to weather economic uncertainties and its positive market trend. Combined with a Dividend score of 3, shareholders may find the company’s dividend policy to be satisfactory. Despite a Value score of 2, indicating some room for improvement in terms of stock valuation, Shin-Etsu Chemical’s overall outlook appears positive based on the Smartkarma Smart Scores assessment.
### Shin-Etsu Chemical Co., Ltd. produces and distributes synthetic resins and other chemical products such as fertilizers. The Company also manufactures electronic materials such as semiconductor silicon, synthetic, and rare earth quartz. Shin-Etsu Chemical operates in Japan and overseas. ###
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.
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