Shanghai International Port (Group) Co., Ltd. Beat Revenue Forecasts By 5.0%: Here's What Analysts Are Forecasting Next
Shanghai International Port (Group) Co., Ltd. Beat Revenue Forecasts By 5.0%: Here's What Analysts Are Forecasting Next
Investors in Shanghai International Port (Group) Co., Ltd. (SHSE:600018) had a good week, as its shares rose 2.1% to close at CN¥5.40 following the release of its annual results. It was a pretty mixed result, with revenues beating expectations to hit CN¥38b. Statutory earnings fell 4.9% short of analyst forecasts, reaching CN¥0.57 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Shanghai International Port (Group) after the latest results.
上海国际港务(集团)有限公司(SHSE: 600018)的投资者度过了愉快的一周,在公布年度业绩后,其股价上涨了2.1%,收于5.40元人民币。结果好坏参半,收入超出预期,达到380亿元人民币。法定收益比分析师的预期下降了4.9%,达到每股0.57元人民币。分析师通常会在每份收益报告中更新他们的预测,我们可以从他们的估计中判断他们对公司的看法是否发生了变化,或者是否有任何新的问题需要注意。读者会很高兴得知我们已经汇总了最新的法定预测,以了解分析师在最新业绩公布后是否改变了对上海国际港口(集团)的看法。
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Following last week's earnings report, Shanghai International Port (Group)'s four analysts are forecasting 2024 revenues to be CN¥38.3b, approximately in line with the last 12 months. Per-share earnings are expected to increase 6.4% to CN¥0.60. Before this earnings report, the analysts had been forecasting revenues of CN¥36.6b and earnings per share (EPS) of CN¥0.59 in 2024. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.
继上周的财报之后,上海国际港务(集团)的四位分析师预测2024年的收入为383亿元人民币,与过去12个月大致持平。每股收益预计将增长6.4%,至0.60元人民币。在本财报发布之前,分析师一直预测2024年的收入为366亿元人民币,每股收益(EPS)为0.59元人民币。最新业绩公布后,市场情绪似乎略有增加,分析师对收入和收益的预测变得更加乐观了。
Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of CN¥5.11, suggesting that the forecast performance does not have a long term impact on the company's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Shanghai International Port (Group), with the most bullish analyst valuing it at CN¥6.30 and the most bearish at CN¥4.30 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
尽管分析师上调了收益预期,但共识目标股价5.11元人民币没有变化,这表明预测的业绩不会对公司的估值产生长期影响。研究分析师的估计范围,评估异常值与平均值的差异程度也可能很有启发性。对上海国际港口(集团)的看法有所不同,最看涨的分析师将其估值为6.30元人民币,最看跌的为每股4.30元人民币。如你所见,分析师对该股的未来并不完全一致,但估计范围仍然相当狭窄,这可能表明结果并非完全不可预测。
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. The analysts are definitely expecting Shanghai International Port (Group)'s growth to accelerate, with the forecast 1.9% annualised growth to the end of 2024 ranking favourably alongside historical growth of 0.02% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.5% per year. So it's clear that despite the acceleration in growth, Shanghai International Port (Group) is expected to grow meaningfully slower than the industry average.
从现在的大局来看,我们可以理解这些预测的方法之一是看看它们如何与过去的业绩和行业增长预期相比较。分析师肯定预计,上海国际港口(集团)的增长将加速,预计到2024年底的年化增长率为1.9%,而过去五年的历史年增长率为0.02%。相比之下,我们的数据表明,预计类似行业的其他公司(有分析师报道)的收入将以每年9.5%的速度增长。因此,很明显,尽管增长加速,但预计上海国际港口(集团)的增长将明显低于行业平均水平。
The Bottom Line
底线
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Shanghai International Port (Group) following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to 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.
这里最重要的是,分析师上调了每股收益预期,这表明在这些业绩公布后,对上海国际港口(集团)的乐观情绪明显增强。幸运的是,他们还上调了收入预期,尽管我们的数据表明其表现预计将比整个行业差。共识目标股价没有实际变化,这表明该业务的内在价值与最新估计相比没有发生任何重大变化。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Shanghai International Port (Group) going out to 2026, and you can see them free on our platform here.
考虑到这一点,我们仍然认为该业务的长期发展轨迹对于投资者来说更为重要。我们对上海国际港口(集团)到2026年的发展做出了预测,你可以在我们的平台上免费查看。
And what about risks? Every company has them, and we've spotted 1 warning sign for Shanghai International Port (Group) you should know about.
那风险呢?每家公司都有它们,我们已经发现了一个你应该知道的上海国际港口(集团)警告标志。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。