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Keppel Corporation (KPELY)
OTHER OTC:KPELY
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.37Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 4.21%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
Keppel's earnings call depicted a strong financial performance with significant growth in several segments, including Connectivity and Infrastructure. The company achieved substantial asset monetization and improved ROE. However, challenges remain with legacy O&M assets incurring losses and reduced earnings in the Real Estate segment. On balance, the highlights significantly outweigh the lowlights.Company Guidance
During the fiscal year 2024, Keppel achieved a net profit of $1.06 billion from continuing operations, indicating a 5% increase compared to the previous year, excluding impacts from legacy offshore and marine assets. Including these effects, the net profit was $940 million. The company reported a 45% year-on-year growth in earnings for its Connectivity segment and a 54% rise in asset management fees to $436 million. Keppel's funds under management surged to $88 billion, significantly up from $55 billion, driven by both organic and inorganic growth. The company also recorded a free cash inflow of $901 million, a substantial turnaround from a $384 million outflow the previous year. Return on equity improved to 10.1%, aligning with the company's asset-light strategy. Keppel continued its asset monetization journey, announcing close to $7 billion in assets monetized since October 2020, with $1.5 billion occurring in 2024, and setting an interim target of $10 to $12 billion by the end of 2026. Additionally, the company is focused on derisking its legacy offshore and marine assets, which included a carrying value of approximately $3.6 billion at the end of 2024. Keppel's restructuring efforts led to $70 million in recurring annual run rate cost savings, two years ahead of schedule, with further cost optimizations anticipated to yield an additional $50 million per annum by end 2026. The Board of Directors proposed a final cash dividend of $0.19 per share for FY '24, contributing to a total cash dividend of $0.34 per share for the year. Keppel's total shareholder return over the past three years was 34.8%, significantly higher than STI's 11.9%.Strong Financial Performance
Keppel's net profit from continuing operations reached $1.06 billion in FY '24, a 5% increase from $1.02 billion in FY '23. Connectivity segment recorded a 45% earnings growth year-on-year. Asset management fees grew by 54% to $436 million, and funds under management rose from $55 billion to $88 billion.
Significant Asset Monetization
Keppel announced close to $7 billion in assets monetized since October 2020, with approximately $1.5 billion in 2024. Including the divestment of Keppel O&M, the total asset monetization to date is around $11.7 billion.
Improved Return on Equity
ROE from continuing operations improved to 10.1% in FY '24 from 7.9% in FY '22.
Infrastructure Segment Growth
Infrastructure earnings surged 4.9x from $137 million in FY '21 to $673 million in FY '24 due to strong recurring income.
Data Center and Connectivity Expansion
Connectivity earnings rose 2.5x from $74 million in FY '18 to $184 million in FY '24. Data center portfolio power capacity expanded 2.7x from 240 MW in 2018 to 650 MW in 2024.
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KPELY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KPELY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $9.73 | $10.01 | +2.88% |
| Oct 17, 2024 | $9.56 | $9.95 | +4.08% |
| Jul 31, 2024 | $9.73 | $9.19 | -5.55% |
| Apr 24, 2024 | $9.70 | $9.49 | -2.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Keppel Corporation (KPELY) report earnings?
Keppel Corporation (KPELY) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Keppel Corporation (KPELY) earnings time?
Keppel Corporation (KPELY) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KPELY EPS forecast?
KPELY EPS forecast for the fiscal quarter 2025 (Q1) is 0.39.
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