Bright Dairy & Food Co.,Ltd (SHSE:600597) Analysts Are More Bearish Than They Used To Be
Bright Dairy & Food Co.,Ltd (SHSE:600597) Analysts Are More Bearish Than They Used To Be
The analysts covering Bright Dairy & Food Co.,Ltd (SHSE:600597) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.
報道光明乳業與食品公司的分析師, Ltd（SHSE: 600597）今天對股東今年的法定預測進行了實質性修訂，這給股東帶來了一定負面影響。由於分析師將最新的業務前景考慮在內，得出結論，他們此前過於樂觀，因此收入和每股收益（EPS）的預期均大幅下調。
Following the downgrade, the consensus from five analysts covering Bright Dairy & FoodLtd is for revenues of CN¥27b in 2024, implying a discernible 2.9% decline in sales compared to the last 12 months. Statutory earnings per share are presumed to bounce 110% to CN¥0.48. Previously, the analysts had been modelling revenues of CN¥32b and earnings per share (EPS) of CN¥0.54 in 2024. Indeed, we can see that the analysts are a lot more bearish about Bright Dairy & FoodLtd's prospects, administering a measurable cut to revenue estimates and slashing their EPS estimates to boot.
評級下調後，涵蓋光明乳業和食品有限公司的五位分析師一致認爲，2024年的收入爲270億元人民幣，這意味着與過去12個月相比，銷售額將明顯下降2.9％。據推測，每股法定收益將反彈110％，至0.48元人民幣。此前，分析師一直在模擬2024年的收入爲320億元人民幣，每股收益（EPS）爲0.54元人民幣。事實上，我們可以看出，分析師對光明乳業和食品有限公司的前景更加悲觀，他們大幅削減了收入預期，並下調了每股收益預期。
It'll come as no surprise then, to learn that the analysts have cut their price target 8.2% to CN¥10.10.
因此，得知分析師已將目標股價下調8.2％至10.10元人民幣也就不足爲奇了。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 3.8% by the end of 2024. This indicates a significant reduction from annual growth of 7.2% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 9.2% annually for the foreseeable future. It's pretty clear that Bright Dairy & FoodLtd's revenues are expected to perform substantially worse than the wider industry.
從現在的大局來看，我們可以理解這些預測的方法之一是看看它們如何與過去的業績和行業增長預期相比較。這些估計表明，預計銷售將放緩，預計到2024年底，年化收入將下降3.8％。這表明與過去五年的7.2％的年增長率相比大幅下降。相比之下，我們的數據表明，在可預見的將來，預計同一行業的其他公司（有分析師報道）的收入每年將增長9.2％。很明顯，Bright Dairy & FoodLtd的收入預計將大大低於整個行業。
The Bottom Line
底線
The most important thing to take away is that analysts cut their earnings per share estimates, expecting a clear decline in business conditions. Regrettably, they also downgraded their revenue estimates, and the latest forecasts imply the business will grow sales slower than the wider market. With a serious cut to this year's expectations and a falling price target, we wouldn't be surprised if investors were becoming wary of Bright Dairy & FoodLtd.
要了解的最重要的一點是，分析師下調了每股收益預期，預計業務狀況將明顯下降。遺憾的是，他們還下調了收入預期，最新的預測表明該業務的銷售增長將慢於整個市場。隨着今年的預期大幅下調和目標股價的下降，如果投資者對光明乳業與食品有限公司保持警惕，我們也不會感到驚訝。
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Bright Dairy & FoodLtd analysts - going out to 2026, and you can see them free on our platform here.
即便如此，業務的長期發展軌跡對於股東的價值創造更爲重要。根據多位Bright Dairy & FoodLtd分析師的估計，到2026年，你可以在我們的平台上免費查看。
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.
當然，看到公司管理層將大量資金投資於股票與了解分析師是否在下調預期一樣有用。因此，您可能還希望搜索這份內部人士正在購買的免費股票清單。
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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。
譯文內容由第三人軟體翻譯。