Inner Mongolia Yili Industrial Group Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Inner Mongolia Yili Industrial Group Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
As you might know, Inner Mongolia Yili Industrial Group Co., Ltd. (SHSE:600887) last week released its latest half-year, and things did not turn out so great for shareholders. Results showed a clear earnings miss, with CN¥60b revenue coming in 5.7% lower than what the analystsexpected. Statutory earnings per share (EPS) of CN¥0.26 missed the mark badly, arriving some 22% below what was expected. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
你可能知道,內蒙古伊利實業集團股份有限公司(SHSE: 600887)上週公佈了最新的半年業績,但對股東來說情況並不那麼好。結果顯示盈利明顯下滑,600元人民幣的收入比分析師的預期低5.7%。0.26元人民幣的法定每股收益(EPS)嚴重未達到目標,比預期低約22%。對於投資者來說,盈利是一個重要時刻,因爲他們可以追蹤公司的業績,查看分析師對明年的預測,看看對公司的情緒是否發生了變化。因此,我們收集了最新的業績後預測,以了解估計對明年的預測。
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Following last week's earnings report, Inner Mongolia Yili Industrial Group's 26 analysts are forecasting 2024 revenues to be CN¥121.7b, approximately in line with the last 12 months. Statutory per share are forecast to be CN¥1.85, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥128.4b and earnings per share (EPS) of CN¥1.99 in 2024. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.
繼上週的業績之後,內蒙古伊利實業集團的26位分析師預測2024年的收入爲1217元人民幣,與過去12個月大致持平。預計法定每股收益爲1.85元人民幣,與過去12個月大致持平。然而,在最新業績公佈之前,分析師曾預計2024年的收入爲1284元人民幣,每股收益(EPS)爲1.99元人民幣。很明顯,在最新業績公佈之後,悲觀情緒已經抬頭,導致收入前景疲軟,每股收益預期小幅下降。
Despite the cuts to forecast earnings, there was no real change to the CN¥31.81 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Inner Mongolia Yili Industrial Group analyst has a price target of CN¥36.00 per share, while the most pessimistic values it at CN¥27.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
儘管下調了預期收益,但31.81元人民幣的目標股價沒有實際變化,這表明分析師認爲這些變化不會對其內在價值產生有意義的影響。但是,固定單一價格目標可能是不明智的,因爲共識目標實際上是分析師目標股價的平均值。因此,一些投資者喜歡查看估計範圍,看看對公司的估值是否有任何分歧。最樂觀的內蒙古伊利實業集團分析師將目標股價定爲每股36.00元人民幣,而最悲觀的分析師則認爲目標股價爲27.00元人民幣。由於估值範圍如此狹窄,分析師顯然對他們認爲的業務價值有相似的看法。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Inner Mongolia Yili Industrial Group's past performance and to peers in the same industry. We would highlight that Inner Mongolia Yili Industrial Group's revenue growth is expected to slow, with the forecast 3.0% annualised growth rate until the end of 2024 being well below the historical 8.5% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 11% per year. Factoring in the forecast slowdown in growth, it seems obvious that Inner Mongolia Yili Industrial Group is also expected to grow slower than other industry participants.
這些估計很有趣,但在查看預測與內蒙古伊利實業集團過去的表現以及與同一行業的同行進行比較時,可以更粗略地描述一些細節。我們要強調的是,內蒙古伊利實業集團的收入增長預計將放緩,預計到2024年底的年化增長率爲3.0%,遠低於過去五年8.5%的歷史年增長率。相比之下,該行業中其他有分析師報道的公司的收入預計將以每年11%的速度增長。考慮到增長放緩的預測,很明顯,內蒙古伊利實業集團的增長預計也將低於其他行業參與者。
The Bottom Line
底線
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Inner Mongolia Yili Industrial Group. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target held steady at CN¥31.81, with the latest estimates not enough to have an impact on their price targets.
最大的擔憂是,分析師下調了每股收益的預期,這表明內蒙古伊利實業集團可能會面臨業務不利因素。不幸的是,他們還下調了收入預期,我們的數據顯示,與整個行業相比,表現不佳。即便如此,每股收益對業務的內在價值更爲重要。共識目標股價穩定在31.81元人民幣,最新估計不足以對其目標價格產生影響。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Inner Mongolia Yili Industrial Group going out to 2026, and you can see them free on our platform here..
根據這種思路,我們認爲該業務的長期前景比明年的收益重要得多。在Simply Wall St,我們有分析師對內蒙古伊利實業集團到2026年的全方位估計,你可以在我們的平台上免費查看。
It might also be worth considering whether Inner Mongolia Yili Industrial Group's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.
可能還值得考慮使用我們在Simply Wall St平台上的債務分析工具,在此處使用我們的債務分析工具,內蒙古伊利實業集團的債務負擔是否合適。
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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的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。