DBAPPSecurity Co., Ltd. (SHSE:688023) Just Reported Earnings, And Analysts Cut Their Target Price
DBAPPSecurity Co., Ltd. (SHSE:688023) Just Reported Earnings, And Analysts Cut Their Target Price
The analysts might have been a bit too bullish on DBAPPSecurity Co., Ltd. (SHSE:688023), given that the company fell short of expectations when it released its first-quarter results last week. Statutory earnings fell substantially short of expectations, with revenues of CN¥281m missing forecasts by 37%. Losses exploded, with a per-share loss of CN¥2.54 some 257% below prior forecasts. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on DBAPPSecurity after the latest results.
分析师可能对dbappSecurity有限公司(上海证券交易所股票代码:688023)过于看好,因为该公司在上周发布第一季度业绩时未达到预期。法定收益大幅低于预期,2.81亿元人民币的收入比预期低37%。亏损激增,每股亏损2.54元人民币,比先前的预测低约257%。对于投资者来说,这是一个重要时刻,因为他们可以在报告中追踪公司的业绩,看看专家对明年的预测,看看对该业务的预期是否有任何变化。读者会很高兴得知我们已经汇总了最新的法定预测,以了解分析师在最新业绩公布后是否改变了对dbAppSecurity的看法。
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After the latest results, the eight analysts covering DBAPPSecurity are now predicting revenues of CN¥2.44b in 2024. If met, this would reflect a meaningful 15% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 95% to CN¥0.24. Yet prior to the latest earnings, the analysts had been forecasting revenues of CN¥2.45b and losses of CN¥0.16 per share in 2024. While this year's revenue estimates held steady, there was also a very substantial increase in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.
根据最新业绩,负责dbAppSecurity的八位分析师现在预测2024年的收入为24.4亿元人民币。如果得到满足,这将反映出与过去12个月相比收入的显著增长了15%。预计每股亏损将在不久的将来大幅减少,缩小95%,至0.24元人民币。然而,在最新财报公布之前,分析师一直预测2024年收入为24.5亿元人民币,每股亏损0.16元人民币。尽管今年的收入预期保持稳定,但每股亏损的预期也大幅增加,这表明共识对该股的看法好坏参半。
With the increase in forecast losses for next year, it's perhaps no surprise to see that the average price target dipped 18% to CN¥140, with the analysts signalling that growing losses would be a definite concern. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values DBAPPSecurity at CN¥192 per share, while the most bearish prices it at CN¥75.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
随着明年预期亏损的增加,平均目标股价下降18%至140元人民币也就不足为奇了,分析师表示,亏损增加肯定是一个令人担忧的问题。但是,还有另一种思考价格目标的方法,那就是研究分析师提出的价格目标范围,因为范围广泛的估计可能表明,对业务可能的结果有不同的看法。目前,最看涨的分析师对DBAppSecurity的估值为每股192元人民币,而最看跌的分析师估值为75.00元人民币。这是相当广泛的估计,表明分析师正在预测该业务的各种可能结果。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting DBAPPSecurity's growth to accelerate, with the forecast 21% annualised growth to the end of 2024 ranking favourably alongside historical growth of 14% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 22% annually. DBAPPSecurity is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.
从现在的大局来看,我们可以理解这些预测的方法之一是看看它们如何与过去的业绩和行业增长预期相比较。分析师们肯定预计,DBAppSecurity的增长将加速,预计到2024年底的年化增长率为21%,与过去三年中每年14%的历史增长率一样,处于有利地位。相比之下,同行业的其他公司预计收入每年将增长22%。预计dbappSecurity的增长速度将与其行业大致相同,因此目前尚不清楚我们能否从其相对于竞争对手的增长中得出任何结论。
The Bottom Line
底线
The most important thing to take away is that the analysts increased their loss per share estimates for next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
要了解的最重要的一点是,分析师提高了明年的每股亏损预期。令人高兴的是,收入预测没有实际变化,预计该业务仍将与整个行业保持一致。此外,分析师还下调了目标股价,这表明最新消息加剧了人们对业务内在价值的悲观情绪。
With that in mind, we wouldn't be too quick to come to a conclusion on DBAPPSecurity. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for DBAPPSecurity going out to 2026, and you can see them free on our platform here..
考虑到这一点,我们不会很快就DBAppSecurity得出结论。长期盈利能力比明年的利润重要得多。在Simply Wall St,我们有分析师对2026年之前的dbappSecurity的全方位估计,你可以在我们的平台上免费看到这些估计。
Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.
需要考虑的另一件事是管理层和董事最近是否在买入或卖出股票。我们在此处概述了过去十二个月在我们的平台上所有公开市场股票交易。
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。