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Chongqing Baiya Sanitary Products Co., Ltd. Just Recorded A 5.6% Revenue Beat: Here's What Analysts Think

Chongqing Baiya Sanitary Products Co., Ltd. Just Recorded A 5.6% Revenue Beat: Here's What Analysts Think

重庆百雅卫生用品有限公司刚刚录得5.6%的营收增长:以下是分析师的想法
Simply Wall St ·  03/26 20:12

It's been a good week for Chongqing Baiya Sanitary Products Co., Ltd. (SZSE:003006) shareholders, because the company has just released its latest annual results, and the shares gained 3.9% to CN¥16.95. Chongqing Baiya Sanitary Products beat revenue expectations by 5.6%, at CN¥2.1b. Statutory earnings per share (EPS) came in at CN¥0.56, some 4.4% short of analyst estimates. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

对于重庆百雅卫生用品有限公司(SZSE:003006)的股东来说,这是美好的一周,因为该公司刚刚发布了最新的年度业绩,股价上涨了3.9%,至16.95元人民币。重庆百雅卫浴产品收入超出预期5.6%,达到21亿元人民币。法定每股收益(EPS)为0.56元人民币,比分析师的预期低约4.4%。根据结果,分析师更新了他们的盈利模式,很高兴知道他们是否认为公司的前景发生了巨大变化,或者业务是否照旧。考虑到这一点,我们收集了最新的法定预测,以了解分析师对明年的预期。

earnings-and-revenue-growth
SZSE:003006 Earnings and Revenue Growth March 27th 2024
SZSE: 003006 收益和收入增长 2024 年 3 月 27 日

Following the latest results, Chongqing Baiya Sanitary Products' six analysts are now forecasting revenues of CN¥2.67b in 2024. This would be a substantial 24% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 24% to CN¥0.69. Before this earnings report, the analysts had been forecasting revenues of CN¥2.66b and earnings per share (EPS) of CN¥0.68 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

根据最新业绩,重庆百雅卫浴产品的六位分析师现在预测2024年的收入为26.7亿元人民币。与过去12个月相比,这将使收入大幅增长24%。预计每股法定收益将激增24%,至0.69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26.6亿元人民币,每股收益(EPS)为0.68元人民币。因此,很明显,尽管分析师已经更新了估计,但在最新业绩公布后,对该业务的预期没有重大变化。

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 53% to CN¥20.00. It looks as though they previously had some doubts over whether the business would live up to their expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Chongqing Baiya Sanitary Products at CN¥22.00 per share, while the most bearish prices it at CN¥18.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

随着分析师重新确认收入和收益预测,令人惊讶的是,目标股价上涨了53%,至20.00元人民币。看来他们此前对企业能否达到他们的期望有些怀疑。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。目前,最看涨的分析师对重庆百雅卫浴产品的估值为每股22.00元人民币,而最看跌的分析师估值为18.00元人民币。由于估值范围如此狭窄,分析师显然对他们认为的业务价值有相似的看法。

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Chongqing Baiya Sanitary Products' past performance and to peers in the same industry. The analysts are definitely expecting Chongqing Baiya Sanitary Products' growth to accelerate, with the forecast 24% annualised growth to the end of 2024 ranking favourably alongside historical growth of 14% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Chongqing Baiya Sanitary Products is expected to grow much faster than its industry.

这些估计很有趣,但是在查看预测与重庆百雅卫浴产品过去的表现以及与同一行业的同行进行比较时,可以更粗略地描述一下。分析师肯定预计,重庆百雅卫浴产品的增长将加速,预计到2024年底的年化增长率为24%,而过去五年的历史年增长率为14%。相比之下,同行业的其他公司预计收入每年将增长15%。考虑到收入增长的预测,很明显,重庆百雅卫浴用品的增长速度预计将比其行业快得多。

The Bottom Line

底线

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. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

最明显的结论是,该业务的前景最近没有重大变化,分析师的收益预测保持稳定,与先前的估计一致。令人高兴的是,收入预测没有重大变化,预计该业务的增长速度仍将快于整个行业。我们注意到目标股价已上调,这表明分析师认为该业务的内在价值可能会随着时间的推移而提高。

With that in mind, we wouldn't be too quick to come to a conclusion on Chongqing Baiya Sanitary Products. Long-term earnings power is much more important than next year's profits. We have forecasts for Chongqing Baiya Sanitary Products going out to 2026, and you can see them free on our platform here.

考虑到这一点,我们不会很快就重庆百雅卫浴产品得出结论。长期盈利能力比明年的利润重要得多。我们对重庆百雅卫浴产品到2026年的市场做出了预测,您可以在我们的平台上免费查看。

You still need to take note of risks, for example - Chongqing Baiya Sanitary Products has 1 warning sign we think you should be aware of.

您仍然需要注意风险,例如——重庆百雅卫生用品有1个我们认为您应该注意的警告标志。

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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.

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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。

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