It's been a good week for Shanjin International Gold Co., Ltd. (SZSE:000975) shareholders, because the company has just released its latest second-quarter results, and the shares gained 2.6% to CN¥17.68. Revenue of CN¥3.7b came in a notable 30% ahead of expectations, while statutory earnings of CN¥0.51 were in line with what the analysts had been forecasting. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
SZSE:000975 Earnings and Revenue Growth August 22nd 2024
Following last week's earnings report, Shanjin International Gold's ten analysts are forecasting 2024 revenues to be CN¥9.88b, approximately in line with the last 12 months. Statutory earnings per share are predicted to ascend 18% to CN¥0.75. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥9.76b and earnings per share (EPS) of CN¥0.70 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 5.6% to CN¥20.47. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Shanjin International Gold analyst has a price target of CN¥22.03 per share, while the most pessimistic values it at CN¥16.65. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Shanjin International Gold's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 3.1% annualised decline to the end of 2024. That is a notable change from historical growth of 10% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 9.6% per year. It's pretty clear that Shanjin International Gold's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Shanjin International Gold's earnings potential next year. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Shanjin International Gold's revenue is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
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. We have estimates - from multiple Shanjin International Gold analysts - going out to 2026, and you can see them free on our platform here.
You still need to take note of risks, for example - Shanjin International Gold has 1 warning sign we think you should be aware of.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. 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.
Shanjin International Gold Co., Ltd.(SZSE:000975)の株主にとって良い週になりました。なぜなら、企業が直近の第2四半期の結果を発表し、株価が2.6%上昇してCN¥17.68に達したからです。売上高はCN¥37億で、期待を大幅に上回る30%増となりましたが、予想通りのCN¥0.51の法定利益はアナリストの予測と一致しています。株主としては重要な時期であり、報告書で企業の業績を追跡し、来年の専門家の予測を確認したり、ビジネスの期待に変化があるかを見ることができます。読者がアナリストの最新の(法定)来期予測を興味深く思うだろうと考えます。
SZSE:000975の収益と売上高成長2024年8月22日
先週の収益報告に続いて、Shanjin International Goldの10人のアナリストたちは2024年の売上高をCN¥98.8億に予測しており、ほぼ前年度と同等です。法定1株当たり利益はCN¥0.75に18%上昇すると予測されています。ただし、直近の収益報告の前に、アナリストたちは2024年にCN¥97.6億の売上高とCN¥0.70の1株当たり利益(EPS)を予想していました。アナリストは、新しい1株当たり利益の見積もりにより、より強気になったようです。
収益のアップグレードを背景に、アナリストたちは価格目標を引き上げており、コンセンサス価格目標は5.6%増のCN¥20.47に上昇しています。アナリストの見積もりの範囲を見ることも有益であり、外れ値の意見が平均からどれだけ異なるかを評価することができます。最も楽観的なShanjin International Goldのアナリストは、株価目標を1株あたりCN¥22.03と見積もっている一方、最も悲観的なアナリストはCN¥16.65としています。このように、評価額の幅が非常に狭いため、アナリストはおそらくビジネスの価値について類似した考えを持っています。
これらの見積もりは興味深いですが、予測とShanjin International Goldの過去の業績や同業他社との比較において、より広い視野で見ることが有益です。売上高は2024年末までの年率3.1%の減少が予想されており、過去5年間の10%の歴史的成長から大幅に変化しています。業界全体で1年間に9.6%成長すると予想される他社との比較データと見ると、Shanjin International Goldの売上高は業界全体よりもかなり悪いと予想されています。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。