HK$68.85: That's What Analysts Think ENN Energy Holdings Limited (HKG:2688) Is Worth After Its Latest Results
HK$68.85: That's What Analysts Think ENN Energy Holdings Limited (HKG:2688) Is Worth After Its Latest Results
ENN Energy Holdings Limited (HKG:2688) shareholders are probably feeling a little disappointed, since its shares fell 2.4% to HK$54.00 in the week after its latest interim results. It was a credible result overall, with revenues of CN¥55b and statutory earnings per share of CN¥6.04 both in line with analyst estimates, showing that ENN Energy 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.
ENN Energy Holdings Limited(HKG:2688)的股東可能感到有些失望,因爲其股票在最新中期業績公佈後的一週下跌了2.4%,至每股54.00港元。總體而言,這是一個可靠的業績,收入爲550億人民幣,法定每股收益爲6.04人民幣,均符合分析師的預期,表明ENN Energy Holdings的業務執行符合預期。盈利期對於投資者來說是一個重要的時刻,他們可以追蹤公司的業績,查看分析師對明年的預測,並了解市場對該公司的情緒是否發生了變化。我們認爲讀者會發現,查看分析師對明年的最新(法定)盈利預測是有趣的。
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Following last week's earnings report, ENN Energy Holdings' 21 analysts are forecasting 2024 revenues to be CN¥115.8b, approximately in line with the last 12 months. Per-share earnings are expected to accumulate 8.9% to CN¥5.87. In the lead-up to this report, the analysts had been modelling revenues of CN¥117.4b and earnings per share (EPS) of CN¥6.34 in 2024. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.
在上週的業績報告之後,ENN Energy Holdings的21位分析師預計2024年的營收將達到1158億人民幣,與過去12個月基本持平。預計每股收益將累積增長8.9%,達到5.87人民幣。在此報告發布之前,分析師一直對2024年的收入進行建模,預計收入爲1174億元人民幣,每股收益爲6.34元人民幣。因此,看起來最近的業績公佈後整體情緒有所下降 - 收入預期並沒有發生重大變化,但分析師對每股收益的預測有所下調。
The average price target fell 7.1% to HK$68.85, with reduced earnings forecasts clearly tied to a lower valuation estimate. 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 ENN Energy Holdings, with the most bullish analyst valuing it at HK$79.04 and the most bearish at HK$58.03 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
平均價格目標下降了7.1%,至68.85港元,降低的盈利預測明顯與較低的估值相關。但只專注於一個價格目標可能不明智,因爲共識目標實際上是分析師價格目標的平均值。因此,一些投資者喜歡查看估計範圍,以確定對該公司的估值是否存在意見分歧。對於ENN Energy Holdings存在一些不同的看法,最看好的分析師將其估值定爲79.04港元,而最看淡的分析師定爲58.03港元每股。這些價格目標表明分析師對業務存在一些不同的看法,但估計的變化不足以使我們認爲有人在押注極大的成功或徹底的失敗。
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that ENN Energy Holdings' revenue growth is expected to slow, with the forecast 2.6% annualised growth rate until the end of 2024 being well below the historical 13% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.3% annually. Factoring in the forecast slowdown in growth, it seems obvious that ENN Energy Holdings is also expected to grow slower than other industry participants.
當然,觀察這些預測的另一種方式是將它們放入行業背景中。我們要強調的是,ennenergy n3009的營業收入增長預期將放緩,預計到2024年底的年增長率爲2.6%,遠低於過去五年的歷史每年13%的增長。將其與行業內其他公司(帶有分析師預測)進行比較,預計整體上年複合增長率爲5.3%。考慮到增長放緩的預期,ennenergy n3009被認爲也比其他行業參與者增長更慢。
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 concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for ENN Energy Holdings. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of ENN Energy Holdings' future valuation.
最大的擔憂是分析師們下調了每股收益的預期,暗示ennenergy n3009可能會面臨業務上的逆風。另一方面,營業收入預期沒有發生重大變化;儘管預測暗示它們將表現不如整個行業。共識價格目標明顯下降,分析師們似乎並不受最新結果的影響,導致對ennenergy n3009未來估值的預期降低。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for ENN Energy Holdings going out to 2026, and you can see them free on our platform here.
話雖如此,公司收益的長期軌跡比明年重要得多。我們對ennenergy n3009的預測延伸到2026年,您可以在我們的平台上免費查看。
It is also worth noting that we have found 1 warning sign for ENN Energy Holdings that you need to take into consideration.
值得注意的是,我們發現ennenergy n3009有1條警示信號,您需要考慮進一步。
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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。