The Thai Beverage Public Company Limited (SGX:Y92) Half-Year Results Are Out And Analysts Have Published New Forecasts
The Thai Beverage Public Company Limited (SGX:Y92) Half-Year Results Are Out And Analysts Have Published New Forecasts
Shareholders might have noticed that Thai Beverage Public Company Limited (SGX:Y92) filed its half-yearly result this time last week. The early response was not positive, with shares down 5.6% to S$0.59 in the past week. The result was positive overall - although revenues of ฿148b were in line with what the analysts predicted, Thai Beverage surprised by delivering a statutory profit of ฿0.64 per share, modestly greater than expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
股東們可能已經注意到了 泰國飲料公開有限公司 (SGX: Y92) 上週這個時候公佈了半年度業績。早期的反應並不樂觀,過去一週股價下跌了5.6%,至0.59新元。總體而言,結果是積極的——儘管收入爲1,48億英鎊,與分析師的預測一致,但泰國飲料公司出人意料地實現了每股兌0.64的法定利潤,略高於預期。結果公佈後,分析師更新了盈利模型,很高興知道他們是否認爲公司的前景發生了強勁的變化,或者一切照舊。因此,我們收集了最新的財報後法定共識估計,以瞭解明年會發生甚麼。
Check out our latest analysis for Thai Beverage
查看我們對泰國飲料的最新分析
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/pic/0-4e6d2cd3de33c2a3521f430b226d7cc8-0-859309f614b910cce9d271462520f668.png/big)
Taking into account the latest results, the current consensus from Thai Beverage's 15 analysts is for revenues of ฿289.7b in 2023, which would reflect a credible 3.8% increase on its sales over the past 12 months. Per-share earnings are expected to accumulate 2.2% to ฿1.22. In the lead-up to this report, the analysts had been modelling revenues of ฿291.2b and earnings per share (EPS) of ฿1.20 in 2023. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
考慮到最新業績,泰國飲料的15位分析師目前的共識是,2023年收入將達到每桶2897億美元,這將反映出其銷售額在過去12個月中可信地增長了3.8%。每股收益預計將累積2.2%,至1.22。在本報告發布之前,分析師一直在模擬2023年的收入爲每股291.2億英鎊,每股收益(EPS)爲每股收益(EPS)。鑑於他們的估計沒有重大變化,共識分析師似乎沒有在這些業績中看到任何會改變他們對業務看法的內容。
There were no changes to revenue or earnings estimates or the price target of S$0.83, suggesting that the company has met expectations in its recent result. 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. There are some variant perceptions on Thai Beverage, with the most bullish analyst valuing it at S$0.96 and the most bearish at S$0.75 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Thai Beverage is an easy business to forecast or the the analysts are all using similar assumptions.
收入或收益預期或0.83新元的目標股價沒有變化,這表明該公司在最近的業績中達到了預期。但是,專注於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價格的平均值。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存在分歧。對泰國飲料有一些不同的看法,最看漲的分析師將其估值爲0.96新元,最看跌的分析師估值爲每股0.75新元。即便如此,由於估計分組相對接近,分析師似乎對他們的估值非常有信心,這表明泰國飲料是一家易於預測的業務,或者分析師都在使用類似的假設。
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Thai Beverage's rate of growth is expected to accelerate meaningfully, with the forecast 7.7% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 2.6% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 13% annually. So it's clear that despite the acceleration in growth, Thai Beverage is expected to grow meaningfully slower than the industry average.
從現在的大局來看,我們理解這些預測的方法之一是看看它們與過去的表現和行業增長估計相比如何。從最新估計中可以明顯看出,泰國飲料的增長率有望大幅加快,預計到2023年底年化收入增長7.7%,明顯快於過去五年2.6%的歷史年增長率。將其與同行業的其他公司進行比較,預計這些公司的收入每年將增長13%。因此,很明顯,儘管增長加速,但預計泰國飲料的增長將大大低於行業平均水平。
The Bottom Line
底線
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply revenues will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最明顯的結論是,最近該業務的前景沒有重大變化,分析師將收益預測保持穩定,與先前的估計一致。從好的方面來看,收入估計沒有重大變化;儘管預測表明收入的表現將低於整個行業。共識目標價格沒有發生任何實際變化,這表明根據最新估計,該業務的內在價值沒有發生任何重大變化。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Thai Beverage going out to 2025, and you can see them free on our platform here.
話雖如此,該公司的長期收益軌跡比明年重要得多。我們預測泰國飲料將推遲到2025年,你可以在這裏在我們的平臺上免費看到。
You still need to take note of risks, for example - Thai Beverage has 2 warning signs (and 1 which is potentially serious) we think you should know about.
例如,你仍然需要注意風險-泰式飲料有 2 個警告標誌 (還有 1 可能很嚴重)我們認爲你應該知道。
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Simply Wall St 的這篇文章本質上是一般性的。 我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章無意提供財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能未將最新的價格敏感型公司公告或定性材料考慮在內。簡而言之,華爾街對上述任何股票都沒有頭寸。