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We Think Ming Yuan Cloud Group Holdings (HKG:909) Can Easily Afford To Drive Business Growth
We Think Ming Yuan Cloud Group Holdings (HKG:909) Can Easily Afford To Drive Business Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.
Given this risk, we thought we'd take a look at whether Ming Yuan Cloud Group Holdings (HKG:909) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.
View our latest analysis for Ming Yuan Cloud Group Holdings
How Long Is Ming Yuan Cloud Group Holdings' Cash Runway?
You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Ming Yuan Cloud Group Holdings last reported its balance sheet in December 2021, it had zero debt and cash worth CN¥5.8b. Looking at the last year, the company burnt through CN¥164m. So it had a very long cash runway of many years from December 2021. Importantly, though, analysts think that Ming Yuan Cloud Group Holdings will reach cashflow breakeven before then. If that happens, then the length of its cash runway, today, would become a moot point. The image below shows how its cash balance has been changing over the last few years.
SEHK:909 Debt to Equity History August 18th 2022Is Ming Yuan Cloud Group Holdings' Revenue Growing?
We're hesitant to extrapolate on the recent trend to assess its cash burn, because Ming Yuan Cloud Group Holdings actually had positive free cash flow last year, so operating revenue growth is probably our best bet to measure, right now. We think that it's fairly positive to see that revenue grew 28% in the last twelve months. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at how much the company is expected to grow in the next few years.
How Easily Can Ming Yuan Cloud Group Holdings Raise Cash?
While Ming Yuan Cloud Group Holdings is showing solid revenue growth, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).
Ming Yuan Cloud Group Holdings' cash burn of CN¥164m is about 1.6% of its CN¥9.9b market capitalisation. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares.
Is Ming Yuan Cloud Group Holdings' Cash Burn A Worry?
It may already be apparent to you that we're relatively comfortable with the way Ming Yuan Cloud Group Holdings is burning through its cash. In particular, we think its cash runway stands out as evidence that the company is well on top of its spending. But it's fair to say that its revenue growth was also very reassuring. There's no doubt that shareholders can take a lot of heart from the fact that analysts are forecasting it will reach breakeven before too long. Taking all the factors in this report into account, we're not at all worried about its cash burn, as the business appears well capitalized to spend as needs be. Readers need to have a sound understanding of business risks before investing in a stock, and we've spotted 1 warning sign for Ming Yuan Cloud Group Holdings that potential shareholders should take into account before putting money into a stock.
If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.
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.
仅仅因为一家企业没有赚到钱,并不意味着股票会下跌。例如,生物技术和采矿勘探公司经常亏损多年,然后才在新的治疗方法或矿物发现方面取得成功。但是,尽管成功是众所周知的,但投资者不应忽视许多没有盈利的公司,这些公司只是烧掉了所有的现金,然后倒闭。
考虑到这种风险,我们认为我们应该看看明源云控股(HKG:909)股东应该担心它的现金消耗。在本文中,我们将现金消耗定义为年度(负)自由现金流,即公司每年为实现增长而花费的资金数量。第一步是将它的现金消耗与其现金储备进行比较,给我们提供它的“现金跑道”。
查看我们对明源云控股的最新分析
明源云控股的现金跑道有多长?
你可以通过将公司拥有的现金数量除以它花掉这些现金的速度来计算公司的现金跑道。明源云控股上一次报告资产负债表是在2021年12月,当时该公司没有债务和现金,价值58亿元人民币。回顾去年,该公司烧掉了1.64亿元人民币。因此,从2021年12月开始,它有一条很长的现金跑道。不过,重要的是,分析人士认为,明源云控股将在此之前实现现金流盈亏平衡。如果发生这种情况,那么它今天的现金跑道长度将成为一个没有意义的问题。下图显示了其现金余额在过去几年中的变化情况。
联交所:909债转股历史2022年8月18日明源云控股的收入在增长吗?
我们不愿就最近的趋势来评估其现金消耗,因为明源云控股去年实际上有正的自由现金流,所以目前来看,运营收入增长可能是我们衡量的最佳选择。我们认为,过去12个月收入增长了28%,这是相当积极的。虽然过去总是值得研究的,但最重要的是未来。因此,你可能想看看该公司在未来几年的预期增长速度。
明源云控股筹集现金有多容易?
尽管明源云控股表现出稳健的收入增长,但它筹集更多现金的难度仍然值得考虑,即使只是为了推动更快的增长。一般来说,上市企业可以通过发行股票或承担债务来筹集新的现金。许多公司最终发行新股,为未来的增长提供资金。通过将一家公司的年度现金消耗与其总市值进行比较,我们可以粗略地估计出它需要发行多少股票才能维持公司下一年的运营(以相同的消耗速度)。
明源云控股1.64亿元的现金消耗约占其99亿元市值的1.6%。因此,几乎可以肯定的是,它可以借一点钱为下一年的增长提供资金,或者通过发行几股股票轻松筹集现金。
明源云控股烧钱担心吗?
你可能已经很明显了,我们对明源云控股烧钱的方式比较满意。特别是,我们认为它的现金跑道脱颖而出,证明该公司很好地控制了支出。但公平地说,它的收入增长也非常令人放心。毫无疑问,分析师预测苹果将在不久的将来实现盈亏平衡,这让股东们大受鼓舞。考虑到这份报告中的所有因素,我们一点也不担心它的现金消耗,因为该业务似乎有充足的资本来按需支出。读者在投资股票之前需要对商业风险有一个良好的了解,我们已经发现明源云控股的1个警告标志潜在股东在将资金投入股票之前应该考虑到这一点。
如果你更愿意看看另一家基本面更好的公司,那么不要错过这一预期免费有趣的公司名单,拥有高股本回报率和低债务的公司,或者这些预计都将增长的股票名单。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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