Analysts Have Been Trimming Their Hesai Group (NASDAQ:HSAI) Price Target After Its Latest Report
Analysts Have Been Trimming Their Hesai Group (NASDAQ:HSAI) Price Target After Its Latest Report
Shareholders of Hesai Group (NASDAQ:HSAI) will be pleased this week, given that the stock price is up 13% to US$4.33 following its latest quarterly results. The result was fairly weak overall, with revenues of CN¥459m being 3.0% less than what the analysts had been modelling. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Hesai Group(Nasdaq:HSAI)的股东们本周应该会很高兴,因为股价上涨了13%至4.33美元,总营业收入45900万人民币低于分析师预测的3%。这对投资者来说是个重要时刻,他们可以通过报告跟踪公司的业绩,了解专家对明年的预测,并查看业务预期是否有所变化。考虑到这一点,我们收集了最新的法定预测,以了解分析师对明年的期望。
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Taking into account the latest results, the current consensus from Hesai Group's eight analysts is for revenues of CN¥2.24b in 2024. This would reflect a major 23% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 42% to CN¥2.12. Before this latest report, the consensus had been expecting revenues of CN¥2.57b and CN¥2.32 per share in losses. So there's been quite a change-up of views after the recent consensus updates, withthe analysts making a serious cut to their revenue forecasts while also reducing the estimated losses the business will incur.
考虑到最新的结果,Hesai Group的八位分析师的共识是,2024年营收将达到22.4亿人民币,较过去12个月的营收大增23%。预计亏损将大幅下降,缩小42%,至2.12亿元人民币。在此次最新报告之前,共识预计营收将达到25.7亿人民币,每股亏损为2.32元。所以,在最近的共识更新后,分析师们在营收预测上进行了大幅调整,同时也降低了业务预计亏损。
The analysts have cut their price target 21% to US$7.15per share, suggesting that the declining revenue was a more crucial indicator than the forecast reduction in losses. 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 Hesai Group at US$12.18 per share, while the most bearish prices it at US$5.30. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
分析师们将每股价格目标下调了21%,至7.15美元,这表明营收下降比预期的亏损减少更具关键性。然而,还有一种思考价格目标的方式,那就是看分析师提出的价格目标范围,因为广泛的估值范围可能意味着对业务可能结果有不同看法。目前,最看好的分析师将Hesai Group的估值定为12.18美元/股,而最看淡的将其定为5.30美元/股。由于估值范围较窄,分析师们显然对业务的价值持有类似的观点。
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. It's clear from the latest estimates that Hesai Group's rate of growth is expected to accelerate meaningfully, with the forecast 50% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 39% p.a. over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.3% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Hesai Group to grow faster than the wider industry.
从更大的角度来看,我们可以理解这些预测的方式之一是将其与过去的业绩和行业增长预期进行对比。从最新的预测数据来看,Hesai Group的增长速度有望加快,预计到2024年年化营业收入增长率为50%,明显快于过去三年39%的历史增长。与同行业其他公司预计每年增长9.3%的营业收入相比。显而易见的是,尽管增长前景比最近要好,但分析师也预计Hesai Group的增速将超过整个行业。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。
The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also downgraded Hesai Group's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Even so, long term profitability is more important for the value creation process. 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.
最重要的是分析师再次确认了明年的每股亏损预期。他们还下调了Hesai Group的营收预期,但行业数据显示预计其增速将快于整个行业。即便如此,长期盈利能力对价值创造过程更为重要。此外,分析师还下调了其价格目标,暗示最新消息导致对企业内在价值的悲观情绪加剧。
With that in mind, we wouldn't be too quick to come to a conclusion on Hesai Group. Long-term earnings power is much more important than next year's profits. We have forecasts for Hesai Group going out to 2026, and you can see them free on our platform here.
考虑到这一点,我们不应该过快得出Hesai Group的结论。长期盈利能力对于价值创造过程更为重要。我们对Hesai Group的预测时间跨度为2026年,您可以在我们的平台上免费查看。
You can also see our analysis of Hesai Group's Board and CEO remuneration and experience, and whether company insiders have been buying stock.
您也可以查看我们对Hesai Group董事会和CEO的报酬及经验的分析,以及公司内部人员是否一直在买入股票。
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