Earnings Alerts

Washington H. Soul Pattinson and Co. Ltd (SOL) Earnings: FY Net Income Drops 28% to A$498.8M Despite Revenue Growth

By September 26, 2024 No Comments
  • Net income for the fiscal year: A$498.8 million, a 28% decrease from the previous year’s A$690.7 million.
  • Profit before non-regular items: A$487.6 million.
  • Final dividend per share: A$0.550, up from A$0.51 last year.
  • Revenue from continuing operations: A$831.9 million, an increase of 32% year-on-year.
  • Investment ratings: 1 buy, 1 hold, 0 sells.

A look at Washington H. Soul Pattinson and Co. Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.6

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

According to Smartkarma Smart Scores, Washington H. Soul Pattinson and Co. Ltd has received a positive long-term outlook. With a high score of 5 in Growth and a strong momentum score of 4, the company is poised for future expansion and development. Although Value and Dividend scores are moderate at 3, indicating a fair valuation and dividend yield, the impressive Growth score suggests potential for substantial growth in the company’s value over time.

Washington H. Soul Pattinson & Company Limited, an investment holding company, boasts a diversified portfolio including coal mining, telecommunications, merchant banking, pharmaceutical retailing, and more. With solid scores across various factors, including Resilience at 3, the company shows strength and stability in weathering market challenges. Investors may find Washington H. Soul Pattinson and Co. Ltd an attractive prospect for long-term growth and resilience in the ever-changing market landscape.


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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