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Here's Why We're Not Too Worried About Yidu Tech's (HKG:2158) Cash Burn Situation
Here's Why We're Not Too Worried About Yidu Tech's (HKG:2158) Cash Burn Situation
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.
So should Yidu Tech (HKG:2158) shareholders 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.
How Long Is Yidu Tech's 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 Yidu Tech last reported its September 2023 balance sheet in December 2023, it had zero debt and cash worth CN¥3.8b. In the last year, its cash burn was CN¥433m. That means it had a cash runway of about 8.8 years as of September 2023. Notably, however, analysts think that Yidu Tech will break even (at a free cash flow level) before then. If that happens, then the length of its cash runway, today, would become a moot point. You can see how its cash balance has changed over time in the image below.
How Well Is Yidu Tech Growing?
It was fairly positive to see that Yidu Tech reduced its cash burn by 32% during the last year. But the revenue dip of 43% in the same period was a bit concerning. In light of the data above, we're fairly sanguine about the business growth trajectory. While the past is always worth studying, it is the future that matters most of all. For that reason, it makes a lot of sense to take a look at our analyst forecasts for the company.
Can Yidu Tech Raise More Cash Easily?
Yidu Tech seems to be in a fairly good position, in terms of cash burn, but we still think it's worthwhile considering how easily it could raise more money if it wanted to. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund 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).
Since it has a market capitalisation of CN¥3.5b, Yidu Tech's CN¥433m in cash burn equates to about 13% of its market value. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.
So, Should We Worry About Yidu Tech's Cash Burn?
On this analysis of Yidu Tech's cash burn, we think its cash runway was reassuring, while its falling revenue has us a bit worried. 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. An in-depth examination of risks revealed 2 warning signs for Yidu Tech that readers should think about before committing capital to this stock.
Of course Yidu Tech may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
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.
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.
即使企业亏损,如果股东以合适的价格收购一家好的企业,他们也有可能赚钱。例如,尽管亚马逊在上市后连续多年亏损,但如果你自1999年以来购买并持有股票,你本可以发大财。话虽如此,无利可图的公司是有风险的,因为它们可能会耗尽所有现金并陷入困境。
So should Yidu Tech (HKG:2158) shareholders 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.
那么,亿都科技(HKG: 2158)的股东应该担心其现金消耗吗?在本文中,我们将现金消耗定义为其年度(负)自由现金流,即公司每年为其增长提供资金的金额。首先,我们将通过将其现金消耗与现金储备进行比较来确定其现金流道。
How Long Is Yidu Tech's Cash Runway?
亿都科技的现金跑道有多长?
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 Yidu Tech last reported its September 2023 balance sheet in December 2023, it had zero debt and cash worth CN¥3.8b. In the last year, its cash burn was CN¥433m. That means it had a cash runway of about 8.8 years as of September 2023. Notably, however, analysts think that Yidu Tech will break even (at a free cash flow level) before then. If that happens, then the length of its cash runway, today, would become a moot point. You can see how its cash balance has changed over time in the image below.
你可以通过将公司的现金金额除以现金的支出率来计算公司的现金流量。当亿都科技最后一次在2023年12月公布其2023年9月资产负债表时,其负债为零,现金价值38亿元人民币。去年,其现金消耗为4.33亿元人民币。这意味着截至2023年9月,它的现金流约为8.8年。但是,值得注意的是,分析师认为,在此之前,亿都科技将实现收支平衡(在自由现金流水平上)。如果发生这种情况,那么今天其现金跑道的长度将成为一个有争议的问题。您可以在下图中看到其现金余额如何随着时间的推移而变化。
How Well Is Yidu Tech Growing?
亿都科技的增长情况如何?
It was fairly positive to see that Yidu Tech reduced its cash burn by 32% during the last year. But the revenue dip of 43% in the same period was a bit concerning. In light of the data above, we're fairly sanguine about the business growth trajectory. While the past is always worth studying, it is the future that matters most of all. For that reason, it makes a lot of sense to take a look at our analyst forecasts for the company.
去年一度科技的现金消耗减少了32%,这是相当乐观的。但是同期收入下降了43%,这有点令人担忧。鉴于上述数据,我们对业务增长轨迹持乐观态度。虽然过去总是值得研究的,但最重要的是未来。出于这个原因,看看我们的分析师对公司的预测很有意义。
Can Yidu Tech Raise More Cash Easily?
亿都科技能否轻松筹集更多现金?
Yidu Tech seems to be in a fairly good position, in terms of cash burn, but we still think it's worthwhile considering how easily it could raise more money if it wanted to. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund 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).
就现金消耗而言,亿都科技似乎处于相当不错的位置,但我们仍然认为值得考虑如果它愿意的话,它可以多么容易地筹集更多资金。发行新股或承担债务是上市公司为其业务筹集更多资金的最常见方式。上市公司的主要优势之一是,它们可以向投资者出售股票以筹集现金和为增长提供资金。通过将公司的年度现金消耗与其总市值进行比较,我们可以大致估计该公司必须发行多少股才能再经营一年(以相同的消耗率)。
Since it has a market capitalisation of CN¥3.5b, Yidu Tech's CN¥433m in cash burn equates to about 13% of its market value. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.
由于其市值为35亿元人民币,亿都科技的4.33亿元现金消耗相当于其市值的13%左右。鉴于这种情况,可以公平地说,该公司筹集更多现金以促进增长不会遇到太大麻烦,但股东会受到一定程度的削弱。
So, Should We Worry About Yidu Tech's Cash Burn?
那么,我们应该担心亿都科技的现金消耗吗?
On this analysis of Yidu Tech's cash burn, we think its cash runway was reassuring, while its falling revenue has us a bit worried. 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. An in-depth examination of risks revealed 2 warning signs for Yidu Tech that readers should think about before committing capital to this stock.
在对亿都科技现金消耗的分析中,我们认为其现金流令人放心,而其收入下降则使我们有些担忧。分析师预测它将达到盈亏平衡,这让股东们感到鼓舞。根据本文中提到的因素,我们认为其现金消耗情况值得股东关注,但我们认为他们不应该担心。对风险的深入研究显示,易都科技有两个警告信号,读者在向该股投入资金之前应考虑这些信号。
Of course Yidu Tech may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
当然,亿都科技可能不是最值得购买的股票。因此,你可能希望看到这份免费收藏的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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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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。
风险及免责提示
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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