Uni-President China Holdings Ltd (HKG:220) Just Reported Interim Earnings: Have Analysts Changed Their Mind On The Stock?
Uni-President China Holdings Ltd (HKG:220) Just Reported Interim Earnings: Have Analysts Changed Their Mind On The Stock?
Investors in Uni-President China Holdings Ltd (HKG:220) had a good week, as its shares rose 2.6% to close at HK$6.43 following the release of its half-year results. It was a credible result overall, with revenues of CN¥15b and statutory earnings per share of CN¥0.22 both in line with analyst estimates, showing that Uni-President China Holdings is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
在Uni-President China Holdings Ltd(HKG:220)的投資者度過了美好的一週,其股價上漲2.6%,收於6.43港元,隨着其上半年度業績發佈。這是一個可信的結果,營業收入爲150億元人民幣,法定每股收益爲0.22元人民幣,都符合分析師的預測,說明Uni-President China Holdings正在按照預期執行。收益是投資者的重要時間,因爲他們可以跟蹤公司的業績,看一下分析師對明年的預測,並查看對該公司的情緒是否發生了變化。我們認爲讀者會發現看到分析師最新(法定)後收入預測對明年很有趣。
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Taking into account the latest results, the consensus forecast from Uni-President China Holdings' 23 analysts is for revenues of CN¥30.6b in 2024. This reflects a satisfactory 3.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 7.1% to CN¥0.44. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥30.6b and earnings per share (EPS) of CN¥0.42 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
考慮到最新的結果,Uni-President China Holdings的23名分析師的共識預測爲2024年的營收爲306億元人民幣。這反映了較去年同期收入的滿意3.7%的提高。法定每股收益預計將累積增長7.1%至0.44元人民幣。然而,在最新的收益之前,分析師此前已預計2024年的收入爲306億元人民幣,每股收益(EPS)爲0.42元人民幣。分析師似乎對業務變得更加看好,這可以從他們新的每股收益預測中得出。
There's been no major changes to the consensus price target of HK$7.92, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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. The most optimistic Uni-President China Holdings analyst has a price target of HK$8.91 per share, while the most pessimistic values it at HK$5.99. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Uni-President China Holdings shareholders.
共識價值目標沒有什麼大的變化,爲7.92港元,這表明提高的每股收益前景不足以對股票估值產生長期積極影響。看待價格目標的另一種方法是查看分析師提出的價格目標範圍,因爲寬範圍的預測可能表明業務的可能結果有不同的看法。最樂觀的Uni-President China Holdings分析師的股票價格目標爲8.91港元,而最悲觀的分析師認爲它的股票價格在5.99港元。分析師對業務的觀點確實有所不同,但據我們所知,估計的範圍不足以暗示極端結果可能等待Uni-President China Holdings的股東。
Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Uni-President China Holdings'historical trends, as the 7.6% annualised revenue growth to the end of 2024 is roughly in line with the 7.0% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 5.6% per year. So although Uni-President China Holdings is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
當然,查看行業本身的預測也可以從這些預測中獲得其他信息。從最新的估計中我們可以推斷,預測預計Uni-President China Holdings的歷史趨勢將持續下去,因爲到2024年底的年收入增長率爲7.6%,大致與過去五年的年增長率相同,達到7.0%。相比之下,我們的數據表明,在類似行業的其他受到分析師關注的公司中,預計其年收入增長率爲5.6%。因此,儘管Uni-President China Holdings預計將保持其營收增長率,但其增長速度肯定比整個行業更快。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Uni-President China Holdings' earnings potential next year. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at HK$7.92, with the latest estimates not enough to have an impact on their price targets.
對我們來說,最重要的是共識每股收益升級,這表明市場情緒圍繞Uni-President China Holdings的明年盈利能力出現明顯改善。幸運的是,他們還確認了其收入數據,說明其按預期進行跟蹤。另外,我們的數據表明,收入預計將比整個行業增長更快。共識價格目標保持在7.92港元,最新的估計不足以對其價格目標產生影響。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Uni-President China Holdings going out to 2026, and you can see them free on our platform here..
即使如此,公司盈利的長期軌跡比明年更重要。在Simply Wall St上,我們還爲Uni-President China Holdings提供了2026年的完整分析師預測範圍,您可以在這裏免費查看它們。
Even so, be aware that Uni-President China Holdings is showing 2 warning signs in our investment analysis , you should know about...
儘管如此,需要注意的是,Uni-President China Holdings在我們的投資分析中顯示出了兩個警告信號,您應該知道...
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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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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。