share_log

The Prada S.p.A. (HKG:1913) Yearly Results Are Out And Analysts Have Published New Forecasts

The Prada S.p.A. (HKG:1913) Yearly Results Are Out And Analysts Have Published New Forecasts

Prada S.p.A.(HKG: 1913)年度業績出爐,分析師發佈了新的預測
Simply Wall St ·  03/09 19:18

It's been a pretty great week for Prada S.p.A. (HKG:1913) shareholders, with its shares surging 14% to HK$63.90 in the week since its latest full-year results. Prada reported €4.7b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €0.26 beat expectations, being 2.4% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Prada after the latest results.

對於Prada S.p.A.(HKG: 1913)的股東來說,這是相當不錯的一週,自公佈最新的全年業績以來,其股價在本週飆升了14%,至63.90港元。普拉達公佈的收入爲47億歐元,與分析師的預測大致一致,儘管0.26歐元的法定每股收益(EPS)超出預期,比分析師的預期高出2.4%。分析師通常會在每份收益報告中更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否發生了變化,或者是否有任何新的問題需要注意。讀者會很高興得知我們已經彙總了最新的法定預測,以了解分析師在最新業績公佈後是否改變了對Prada的看法。

earnings-and-revenue-growth
SEHK:1913 Earnings and Revenue Growth March 10th 2024
SEHK: 1913 2024 年 3 月 10 日的收益和收入增長

Taking into account the latest results, the current consensus from Prada's 17 analysts is for revenues of €5.09b in 2024. This would reflect a modest 7.8% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €5.02b and earnings per share (EPS) of €0.28 in 2024. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.

考慮到最新業績,普拉達的17位分析師目前的共識是,2024年的收入爲50.9億歐元。這將反映其在過去12個月中收入略有增長7.8%。然而,在最新業績公佈之前,分析師曾預計2024年的收入爲50.2億歐元,每股收益(EPS)爲0.28歐元。總體而言,儘管分析師重申了他們的收入預期,但共識現在不再提供每股收益估計。這意味着在這些最新業績公佈後,市場認爲收入更爲重要。

We'd also point out that thatthe analysts have made no major changes to their price target of HK$59.34. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Prada analyst has a price target of HK$70.04 per share, while the most pessimistic values it at HK$42.62. As you can see the range of estimates is wide, with the lowest valuation coming in at less than half the most bullish estimate, suggesting there are some strongly diverging views on how analysts think this business will perform. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.

我們還要指出,分析師沒有對59.34港元的目標股價做出重大調整。研究分析師的估計範圍,評估異常值與平均值的差異程度也可能很有啓發性。最樂觀的普拉達分析師將目標股價定爲每股70.04港元,而最悲觀的分析師則將其估值爲42.62港元。如您所見,估計範圍很廣,最低估值不到最看漲估計值的一半,這表明對於分析師認爲該業務的表現存在強烈的分歧。因此,根據共識目標股價做出決策可能不是一個好主意,畢竟共識目標價只是如此廣泛的估計值的平均值。

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Prada's revenue growth is expected to slow, with the forecast 7.8% annualised growth rate until the end of 2024 being well below the historical 10% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 9.9% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Prada.

現在從大局來看,我們理解這些預測的方法之一是了解它們與過去的業績和行業增長估計相比如何。我們要強調的是,Prada的收入增長預計將放緩,預計到2024年底的年化增長率爲7.8%,遠低於過去五年10%的歷史年增長率。相比之下,該行業的其他公司(根據分析師的預測),後者的總體收入預計每年將增長9.9%。因此,很明顯,儘管收入增長預計將放緩,但整個行業的增長速度預計也將超過普拉達。

The Bottom Line

底線

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

從這些更新中可以明顯看出,分析師對明年的收入預期沒有改變,該業務的表現顯然與他們的模型一致。從好的方面來看,收入估計沒有重大變化;儘管預測表明收入估計的表現將比整個行業差。共識目標股價沒有實際變化,這表明根據最新估計,該業務的內在價值沒有發生任何重大變化。

We have estimates for Prada from its 17 analysts out to 2026, and you can see them free on our platform here.

我們從其17位分析師那裏得出了對Prada到2026年的估計,你可以在我們的平台上免費查看。

We also provide an overview of the Prada Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

我們還在此概述了Prada董事會和首席執行官的薪酬和在公司的任期,以及內部人士是否一直在購買該股票。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論