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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.
僅僅因為一家企業沒有賺到錢,並不意味着股票會下跌。例如,生物技術和採礦勘探公司經常虧損多年,然後才在新的治療方法或礦物發現方面取得成功。但是,儘管成功是眾所周知的,但投資者不應忽視許多沒有盈利的公司,這些公司只是燒掉了所有的現金,然後倒閉。
考慮到這種風險,我們認為我們應該看看明源雲控股(HKG:909)股東應該擔心它的現金消耗。在本文中,我們將現金消耗定義為年度(負)自由現金流,即公司每年為實現增長而花費的資金數量。第一步是將它的現金消耗與其現金儲備進行比較,給我們提供它的“現金跑道”。
查看我們對明源雲控股的最新分析
明源雲控股的現金跑道有多長?
你可以通過將公司擁有的現金數量除以它花掉這些現金的速度來計算公司的現金跑道。明源雲控股上一次報告資產負債表是在2021年12月,當時該公司沒有債務和現金,價值58億元人民幣。回顧去年,該公司燒掉了1.64億元人民幣。因此,從2021年12月開始,它有一條很長的現金跑道。不過,重要的是,分析人士認為,明源雲控股將在此之前實現現金流盈虧平衡。如果發生這種情況,那麼它今天的現金跑道長度將成為一個沒有意義的問題。下圖顯示了其現金餘額在過去幾年中的變化情況。
聯交所:909債轉股歷史2022年8月18日明源雲控股的收入在增長嗎?
我們不願就最近的趨勢來評估其現金消耗,因為明源雲控股去年實際上有正的自由現金流,所以目前來看,運營收入增長可能是我們衡量的最佳選擇。我們認為,過去12個月收入增長了28%,這是相當積極的。雖然過去總是值得研究的,但最重要的是未來。因此,你可能想看看該公司在未來幾年的預期增長速度。
明源雲控股籌集現金有多容易?
儘管明源雲控股表現出穩健的收入增長,但它籌集更多現金的難度仍然值得考慮,即使只是為了推動更快的增長。一般來説,上市企業可以通過發行股票或承擔債務來籌集新的現金。許多公司最終發行新股,為未來的增長提供資金。通過將一家公司的年度現金消耗與其總市值進行比較,我們可以粗略地估計出它需要發行多少股票才能維持公司下一年的運營(以相同的消耗速度)。
明源雲控股1.64億元的現金消耗約佔其99億元市值的1.6%。因此,幾乎可以肯定的是,它可以借一點錢為下一年的增長提供資金,或者通過發行幾股股票輕鬆籌集現金。
明源雲控股燒錢擔心嗎?
你可能已經很明顯了,我們對明源雲控股燒錢的方式比較滿意。特別是,我們認為它的現金跑道脱穎而出,證明該公司很好地控制了支出。但公平地説,它的收入增長也非常令人放心。毫無疑問,分析師預測蘋果將在不久的將來實現盈虧平衡,這讓股東們大受鼓舞。考慮到這份報告中的所有因素,我們一點也不擔心它的現金消耗,因為該業務似乎有充足的資本來按需支出。讀者在投資股票之前需要對商業風險有一個良好的瞭解,我們已經發現明源雲控股的1個警告標誌潛在股東在將資金投入股票之前應該考慮到這一點。
如果你更願意看看另一家基本面更好的公司,那麼不要錯過這一預期免費有趣的公司名單,擁有高股本回報率和低債務的公司,或者這些預計都將增長的股票名單。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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