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Ping An Healthcare and Technology (HKG:1833) Is In A Good Position To Deliver On Growth Plans
Ping An Healthcare and Technology (HKG:1833) Is In A Good Position To Deliver On Growth Plans
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. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.
So should Ping An Healthcare and Technology (HKG:1833) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.
See our latest analysis for Ping An Healthcare and Technology
Does Ping An Healthcare and Technology Have A Long 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 Ping An Healthcare and Technology last reported its balance sheet in June 2022, it had zero debt and cash worth CN¥10b. Importantly, its cash burn was CN¥1.2b over the trailing twelve months. Therefore, from June 2022 it had 8.5 years of cash runway. Importantly, though, analysts think that Ping An Healthcare and Technology will reach cashflow breakeven before then. In that case, it may never reach the end of its cash runway. The image below shows how its cash balance has been changing over the last few years.
SEHK:1833 Debt to Equity History September 22nd 2022How Well Is Ping An Healthcare and Technology Growing?
Some investors might find it troubling that Ping An Healthcare and Technology is actually increasing its cash burn, which is up 8.2% in the last year. Also concerning, operating revenue was actually down by 20% in that time. Considering both these metrics, we're a little concerned about how the company is developing. 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 Hard Would It Be For Ping An Healthcare and Technology To Raise More Cash For Growth?
Even though it seems like Ping An Healthcare and Technology is developing its business nicely, we still like to consider how easily it could raise more money to accelerate growth. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.
Since it has a market capitalisation of CN¥18b, Ping An Healthcare and Technology's CN¥1.2b in cash burn equates to about 6.9% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.
How Risky Is Ping An Healthcare and Technology's Cash Burn Situation?
As you can probably tell by now, we're not too worried about Ping An Healthcare and Technology's cash burn. In particular, we think its cash runway stands out as evidence that the company is well on top of its spending. While its falling revenue wasn't great, the other factors mentioned in this article more than make up for weakness on that measure. Shareholders can take heart from the fact that analysts are forecasting it will reach breakeven. Based on the factors mentioned in this article, we think its cash burn situation warrants some attention from shareholders, but we don't think they should be worried. Taking an in-depth view of risks, we've identified 1 warning sign for Ping An Healthcare and Technology that you should be aware of before investing.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)
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。尽管如此,只有傻瓜才会忽视这样一个风险,即一家亏损的公司太快地烧掉了现金。
所以也应该这样平安好医生(HKG:1833)股东担心其烧钱吗?就本文而言,现金消耗是指一家不盈利的公司为其增长提供资金而花费现金的年度比率;其负的自由现金流。我们将首先将其现金消耗与其现金储备进行比较,以计算其现金跑道。
参见我们对平安好医生的最新分析
平安好医生有很长的现金跑道吗?
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。平安好医生上一次报告资产负债表是在2022年6月,当时它没有债务和现金,价值100亿元人民币。重要的是,在接下来的12个月里,它的现金消耗为人民币12亿元。因此,从2022年6月开始,它有8.5年的现金跑道。不过,重要的是,分析人士认为,平安好医生将在那之前实现现金流盈亏平衡。在这种情况下,它可能永远不会走到现金跑道的尽头。下图显示了其现金余额在过去几年中的变化情况。
联交所:1833债转股历史2022年9月22日平安好医生长得有多好?
一些投资者可能会觉得麻烦的是,平安好医生实际上是增加它的现金消耗,去年上涨了8.2%。同样值得关注的是,这段时间的营业收入实际上下降了20%。考虑到这两个指标,我们有点担心公司是如何发展的。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。
对于平安好医生来说,筹集更多现金来实现增长有多难?
尽管平安好医生的业务看起来发展得很好,但我们仍然愿意考虑它筹集更多资金以加速增长的容易程度。公司可以通过债务或股权筹集资金。通常情况下,企业会自行发售新股,以筹集现金并推动增长。我们可以将一家公司的现金消耗与其市值进行比较,以了解一家公司需要发行多少新股才能为一年的运营提供资金。
由于其市值为180亿元人民币,平安好医生的12亿元现金消耗相当于其市值的6.9%左右。鉴于这只是一个相当小的比例,该公司很可能真的很容易通过向投资者发行一些新股,甚至通过贷款来为下一年的增长提供资金。
平安好医生烧钱的风险有多大?
正如你现在可能已经知道的,我们并不太担心平安好医生的烧钱行为。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。虽然它的收入下降不是很大,但本文提到的其他因素足以弥补这一指标的疲软。分析师预测股价将达到盈亏平衡,这让股东们感到振奋。基于本文提到的因素,我们认为其现金消耗情况值得股东关注,但我们认为他们不必担心。深入分析风险,我们发现平安好医生的1个警示标志在投资之前你应该意识到这一点。
当然了,如果你把目光投向别处,你可能会发现这是一笔很棒的投资。所以让我们来看看这个免费感兴趣的公司名单,以及这份名单中的成长股(根据分析师预测)
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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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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