View ValuationRigol Technologies 将来の成長Future 基準チェック /46Rigol Technologies利益と収益がそれぞれ年間30%と17.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に6.5% 30.3%なると予測されています。主要情報30.0%収益成長率30.31%EPS成長率Electronic 収益成長33.0%収益成長率17.4%将来の株主資本利益率6.52%アナリストカバレッジLow最終更新日27 Apr 2026今後の成長に関する最新情報Price Target Changed • Jun 26Price target increased by 19% to CN¥47.48Up from CN¥39.97, the current price target is provided by 1 analyst. New target price is 35% above last closing price of CN¥35.16. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.49 last year.Major Estimate Revision • Apr 05Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.875 to CN¥0.73 per share. Revenue forecast steady at CN¥950.0m. Net income forecast to grow 59% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥47.48 to CN¥39.97. Share price fell 2.0% to CN¥33.06 over the past week.Major Estimate Revision • Nov 04Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥842.7m to CN¥788.0m. EPS estimate also fell from CN¥0.707 per share to CN¥0.585 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥31.12 to CN¥47.48. Share price rose 21% to CN¥43.59 over the past week.Major Estimate Revision • Mar 22Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.07b to CN¥888.5m. EPS estimate fell from CN¥1.13 to CN¥0.85 per share. Net income forecast to grow 45% next year vs 55% growth forecast for Electronic industry in China. Consensus price target down from CN¥68.63 to CN¥47.48. Share price fell 5.7% to CN¥36.73 over the past week.すべての更新を表示Recent updatesお知らせ • May 07Rigol Technologies Co., Ltd., Annual General Meeting, May 27, 2026Rigol Technologies Co., Ltd., Annual General Meeting, May 27, 2026, at 13:00 China Standard Time. Location: No. 8, Keling Road, Suzhou National Hi-tech District, Jiangsu ChinaReported Earnings • Apr 21First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.02 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.12 (up from CN¥0.02 in 1Q 2025). Revenue: CN¥231.6m (up 38% from 1Q 2025). Net income: CN¥23.2m (up CN¥19.4m from 1Q 2025). Profit margin: 10.0% (up from 2.3% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change).お知らせ • Mar 30Rigol Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026Rigol Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026Reported Earnings • Feb 18Full year 2025 earnings released: EPS: CN¥0.44 (vs CN¥0.49 in FY 2024)Full year 2025 results: EPS: CN¥0.44 (down from CN¥0.49 in FY 2024). Revenue: CN¥900.2m (up 16% from FY 2024). Net income: CN¥85.2m (down 7.7% from FY 2024). Profit margin: 9.5% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year.Board Change • Jan 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Liu Jun was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Dec 26Rigol Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026Rigol Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.7% net profit margin).Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.29 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.29 in 3Q 2024). Revenue: CN¥242.4m (up 6.4% from 3Q 2024). Net income: CN¥24.4m (down 53% from 3Q 2024). Profit margin: 10% (down from 23% in 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.お知らせ • Sep 30Rigol Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025Rigol Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025お知らせ • Jun 30Rigol Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025Rigol Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025Price Target Changed • Jun 26Price target increased by 19% to CN¥47.48Up from CN¥39.97, the current price target is provided by 1 analyst. New target price is 35% above last closing price of CN¥35.16. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.49 last year.お知らせ • Jun 04Rigol Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025Rigol Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025, at 13:00 China Standard Time. Location: No. 8, Keling Road, National Hi-tech District, Suzhou, Jiangsu Chinaお知らせ • May 08Rigol Technologies Co., Ltd. (SHSE:688337) announces an Equity Buyback for CNY 50 million worth of its shares.Rigol Technologies Co., Ltd. (SHSE:688337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The repurchase price will not be more than CNY 56.79 per share. The repurchased shares will be used for equity incentive plans. The program is valid for 12 months.Reported Earnings • May 03First quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.03 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.02 (down from CN¥0.03 in 1Q 2024). Revenue: CN¥167.8m (up 11% from 1Q 2024). Net income: CN¥3.78m (down 40% from 1Q 2024). Profit margin: 2.3% (down from 4.2% in 1Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Apr 05Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.875 to CN¥0.73 per share. Revenue forecast steady at CN¥950.0m. Net income forecast to grow 59% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥47.48 to CN¥39.97. Share price fell 2.0% to CN¥33.06 over the past week.お知らせ • Mar 28Rigol Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Rigol Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025Reported Earnings • Mar 02Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.47 (down from CN¥0.60 in FY 2023). Revenue: CN¥775.8m (up 16% from FY 2023). Net income: CN¥88.9m (down 18% from FY 2023). Profit margin: 12% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.分析記事 • Feb 14Investors Could Be Concerned With Rigol Technologies' (SHSE:688337) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...お知らせ • Dec 27Rigol Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025Rigol Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025分析記事 • Dec 17Is Rigol Technologies (SHSE:688337) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Buy Or Sell Opportunity • Dec 11Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 80% to CN¥46.64. The fair value is estimated to be CN¥38.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 107% in the next 2 years.Buy Or Sell Opportunity • Nov 11Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 87% to CN¥48.50. The fair value is estimated to be CN¥38.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 126% in the next 2 years.お知らせ • Nov 05RIGOL Introduces Oscilloscope & Generator LinesIn a parallel to the traditional test setup of signal generation and signal acquisition, RIGOL Technologies announced the latest additions to its portfolio of performance measurement equipment with the introduction of the DG5000 Pro Series Generators and DHO/MHO5000 Series Oscilloscopes. The DHO/MHO5000 Series bring next-level performance to RIGOL's respected line of high-resolution oscilloscopes, while the DG5000 Pro generators do the same for the company's capable Pro Series arbitrary waveform generators. Combining 12-bit resolution with up to 1 GHz bandwidth, up to 8 channels, and mixed-signal configurations, the DHO/MHO5000 Series High-Resolution Oscilloscopes have a lot to offer designers, engineers, researchers, and educators alike. The DHO5000 Series models are dedicated digital oscilloscopes, with configurations offering 4 or 8 analog input channels and either 500 MHz or 1 GHz bandwidth. These instruments deliver 4 GSa/s maximum real-time sampling, with the 4-channel units providing that rate across all channels. For mixed-signal measurement applications, the MHO5000 Series models combine 4 or 6 analog input channels with 16 digital channels and similar bandwidth choices as the DHO5000 models. For additional utility, an integrated function generator is an available option for the 4-channel MHO5000 models. All 5000 Series oscilloscopes provide 12-bit resolution and 500 Mpts record length. A 10.1-inch color touch screen provides both user-friendly operation and improved signal visualization. The DHO/MHO5000 Series High-Resolution Oscilloscopes deliver the performance required for accurate testing of complex waveforms and support the measurement needs in a wide variety of applications, ranging from embedded systems debug and power supply test to three-phase motor test and multichannel data acquisition. DG5000 Pro – Higher Resolution. Higher Performance. Lower Price: Offering 16-bit vertical resolution, up to 500 MHz maximum output frequency, 2.5 GSa/s maximum sample rate and a blazingly fast 0.8 ns (800 ps) square wave rise time, the DG5000 Pro is primed to support the high-frequency waveform and complex sequence generation needs of engineers and researchers. The DG5000 Pro Series, in addition to the impressive banner specifications above, delivers a maximum arbitrary waveform length of 128 Mpts/channel (64 Mpts/channel is standard), and sports 10.1- inch color touch screen. The new generator also provides incredible utility by supporting multi-pulse output, a variety of analog and digital modulation types, and IQ digital modulation. Sequence Mode, introduced with the DG800/900 Pro generators, is an option and enables the playback of intricate pattern segments, with looping of up to 512 cycles. Sequence Mode also enables complex functions like repeat, wait, event, and jump. To address waveform generation risks—interference from ground loops, damage to sensitive electronic equipment due to potential differences, and signal impurity due to parasitic effects—found in some complex test environments, the DG5000 Pro includes ground isolation (requires battery holder option). The new DG5000 Pro Series Arbitrary Waveform Generators bring performance and value to applications including embedded circuit development, power device performance verification, automotive electronic design signal simulation, consumer electronic sensor signal simulation, logic chip development and optoelectronic device research. The DHO/MHO5000 Series High-Resolution Oscilloscopes and DG5000 Pro Series Arbitrary Waveform Generators are available to order now and begin shipping this month.分析記事 • Nov 04Rigol Technologies (SHSE:688337) Posted Weak Earnings But There Is More To Worry AboutRigol Technologies Co., Ltd.'s ( SHSE:688337 ) weak earnings were disregarded by the market. Despite the market...Major Estimate Revision • Nov 04Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥842.7m to CN¥788.0m. EPS estimate also fell from CN¥0.707 per share to CN¥0.585 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥31.12 to CN¥47.48. Share price rose 21% to CN¥43.59 over the past week.分析記事 • Nov 01Investors Appear Satisfied With Rigol Technologies Co., Ltd.'s (SHSE:688337) Prospects As Shares Rocket 25%Despite an already strong run, Rigol Technologies Co., Ltd. ( SHSE:688337 ) shares have been powering on, with a gain...Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥227.8m (up 41% from 3Q 2023). Net income: CN¥52.5m (up 138% from 3Q 2023). Profit margin: 23% (up from 14% in 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.Buy Or Sell Opportunity • Oct 15Now 21% undervaluedOver the last 90 days, the stock has risen 21% to CN¥30.59. The fair value is estimated to be CN¥38.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 90% in 2 years. Earnings are forecast to grow by 221% in the next 2 years.New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 135% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (6.9% increase in shares outstanding).お知らせ • Sep 30Rigol Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Rigol Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024New Risk • Sep 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).お知らせ • Aug 21Rigol Technologies Co., Ltd. (SHSE:688337) completed the acquisition of 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders.Rigol Technologies Co., Ltd. (SHSE:688337) agreed to acquire 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders for approximately CNY 250 million on January 8, 2024. Prior to the transaction, Rigol Technologies Co., Ltd. (SHSE:688337) held 32.2581%. Under the terms, Rigol Technologies is acquiring 67.74% stake in Beijing Naishu Technology for CNY 252 million by issuing 6,999,997 shares to Wu Qiongzhi, Sun Lin, Sun Ningxiao, Jin Zhaojian, Xu Jialin, Liu Jie and Xing Tonghe. Zhou Yanming, Wang Sheng and Zhang Wenjie of Guotai Junan Securities Co., Ltd. (SHSE:601211) acted as the financial advisor, Feng Cheng and Wang Fei of Jun He Law Offices acted as the legal advisor and Wang Qilin and Jia Shunhao of Zhonghua Certified Public Accountants LLP acted as the accountant for Rigol Technologies Co., Ltd. (SHSE:688337). The listed company has held the 2023 annual general meeting of shareholders on April 23, 2024 to review and approve the transaction plan. The transaction was approved by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission. As of Announcement on July 12, 2024, Rigol Technologies Co., Ltd. will issue 7.1 shares at a price of CNY 35.5 per share. Rigol Technologies Co., Ltd. (SHSE:688337) completed the acquisition of 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders on August 20, 2024.New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Paying a dividend despite having no free cash flows. High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding).お知らせ • Jun 28Rigol Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Rigol Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024分析記事 • Jun 07Capital Allocation Trends At Rigol Technologies (SHSE:688337) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥151.0m (down 3.5% from 1Q 2023). Net income: CN¥6.31m (down 73% from 1Q 2023). Profit margin: 4.2% (down from 15% in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.分析記事 • Apr 19Why We're Not Concerned Yet About Rigol Technologies Co., Ltd.'s (SHSE:688337) 26% Share Price PlungeThe Rigol Technologies Co., Ltd. ( SHSE:688337 ) share price has fared very poorly over the last month, falling by a...分析記事 • Apr 18Calculating The Intrinsic Value Of Rigol Technologies Co., Ltd. (SHSE:688337)Key Insights Using the 2 Stage Free Cash Flow to Equity, Rigol Technologies fair value estimate is CN¥31.04 With...Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥27.22, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 59% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.05 per share.お知らせ • Apr 03Rigol Technologies Co., Ltd., Annual General Meeting, Apr 23, 2024Rigol Technologies Co., Ltd., Annual General Meeting, Apr 23, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu Chinaお知らせ • Mar 29Rigol Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Rigol Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024分析記事 • Mar 27Shareholders In Rigol Technologies (SHSE:688337) Should Look Beyond Earnings For The Full StoryInvestors were disappointed with Rigol Technologies Co., Ltd.'s ( SHSE:688337 ) recent earnings release. Our analysis...Major Estimate Revision • Mar 22Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.07b to CN¥888.5m. EPS estimate fell from CN¥1.13 to CN¥0.85 per share. Net income forecast to grow 45% next year vs 55% growth forecast for Electronic industry in China. Consensus price target down from CN¥68.63 to CN¥47.48. Share price fell 5.7% to CN¥36.73 over the past week.分析記事 • Mar 04Rigol Technologies Co., Ltd. (SHSE:688337) Looks Just Right With A 28% Price JumpRigol Technologies Co., Ltd. ( SHSE:688337 ) shareholders are no doubt pleased to see that the share price has bounced...Reported Earnings • Feb 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.60 (up from CN¥0.56 in FY 2022). Revenue: CN¥670.5m (up 6.3% from FY 2022). Net income: CN¥108.3m (up 17% from FY 2022). Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China.お知らせ • Feb 07Rigol Technologies Co., Ltd. (SHSE:688337) announces an Equity Buyback for CNY 50 million worth of its shares.Rigol Technologies Co., Ltd. (SHSE:688337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not be more than CNY 58 per share. The repurchases will be funded using company’s own funds. The repurchased shares will be used for equity incentive plans. The program is valid for 12 months.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥31.10, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 58% over the past year.Board Change • Jan 09Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Liu Jun was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Nov 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding).Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥161.8m (up 5.8% from 3Q 2022). Net income: CN¥22.0m (up 2.0% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China.New Risk • Oct 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change).Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥42.21, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥74.61 per share.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥154.5m (up 6.7% from 2Q 2022). Net income: CN¥22.9m (down 5.7% from 2Q 2022). Profit margin: 15% (down from 17% in 2Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China.Buying Opportunity • Aug 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.8%. The fair value is estimated to be CN¥65.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 603%. Revenue is forecast to grow by 92% in 2 years. Earnings is forecast to grow by 162% in the next 2 years.お知らせ • Jun 28Rigol Technologies Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023Rigol Technologies Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023Reported Earnings • Mar 31Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥0.83 (up from CN¥0.04 loss in FY 2021). Revenue: CN¥630.6m (up 30% from FY 2021). Net income: CN¥92.5m (up CN¥96.4m from FY 2021). Profit margin: 15% (up from net loss in FY 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CN¥0.83 (vs CN¥0.04 loss in FY 2021)Full year 2022 results: EPS: CN¥0.83 (up from CN¥0.04 loss in FY 2021). Revenue: CN¥630.6m (up 30% from FY 2021). Net income: CN¥92.5m (up CN¥96.4m from FY 2021). Profit margin: 15% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China.Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.08 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥152.9m (up 13% from 3Q 2021). Net income: CN¥21.6m (up 162% from 3Q 2021). Profit margin: 14% (up from 6.1% in 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China.Reported Earnings • Aug 08Second quarter 2022 earnings releasedSecond quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥144.8m (flat on 2Q 2021). Net income: CN¥24.3m (up CN¥24.3m from 2Q 2021). Profit margin: 17% (up from null in 2Q 2021). Over the next year, revenue is forecast to grow 40%, compared to a 26% growth forecast for the industry in China.Reported Earnings • Apr 27First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: CN¥0.05. Revenue: CN¥116.7m (flat on 1Q 2021). Net income: CN¥4.28m (up CN¥4.28m from 1Q 2021). Profit margin: 3.7% (up from null in 1Q 2021).業績と収益の成長予測SHSE:688337 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281,548250N/A242112/31/20271,321195N/A163112/31/20261,097145N/A17813/31/20269641054084N/A12/31/2025900863596N/A9/30/202583873-1150N/A6/30/2025824101-463N/A3/31/20257939067147N/A12/31/202477692-27117N/A9/30/2024733100-12445N/A6/30/202466770-13421N/A3/31/202466591-195-46N/A12/31/2023671108-177-18N/A9/30/2023689110-10959N/A6/30/2023680110-13778N/A3/31/2023670111-203100N/A12/31/202263192-161104N/A9/30/202256976-15667N/A6/30/202253345-12165N/A3/31/202250813-2560N/A12/31/2021484-42462N/A12/31/2020354-27-18328N/A12/31/201930446N/A53N/A12/31/201829239N/A22N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 688337の予測収益成長率 (年間30% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 688337の収益 ( 30% ) はCN市場 ( 27.3% ) よりも速いペースで成長すると予測されています。高成長収益: 688337の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 688337の収益 ( 17.4% ) CN市場 ( 16.4% ) よりも速いペースで成長すると予測されています。高い収益成長: 688337の収益 ( 17.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 688337の 自己資本利益率 は、3年後には低くなると予測されています ( 6.5 %)。成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 09:25終値2026/05/27 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Rigol Technologies Co., Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Shuang WuGuosen Securities Co., Ltd.Zhigang DingIndustrial Securities Co. Ltd.Zhe LiMinsheng Securities Co.
Price Target Changed • Jun 26Price target increased by 19% to CN¥47.48Up from CN¥39.97, the current price target is provided by 1 analyst. New target price is 35% above last closing price of CN¥35.16. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.49 last year.
Major Estimate Revision • Apr 05Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.875 to CN¥0.73 per share. Revenue forecast steady at CN¥950.0m. Net income forecast to grow 59% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥47.48 to CN¥39.97. Share price fell 2.0% to CN¥33.06 over the past week.
Major Estimate Revision • Nov 04Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥842.7m to CN¥788.0m. EPS estimate also fell from CN¥0.707 per share to CN¥0.585 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥31.12 to CN¥47.48. Share price rose 21% to CN¥43.59 over the past week.
Major Estimate Revision • Mar 22Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.07b to CN¥888.5m. EPS estimate fell from CN¥1.13 to CN¥0.85 per share. Net income forecast to grow 45% next year vs 55% growth forecast for Electronic industry in China. Consensus price target down from CN¥68.63 to CN¥47.48. Share price fell 5.7% to CN¥36.73 over the past week.
お知らせ • May 07Rigol Technologies Co., Ltd., Annual General Meeting, May 27, 2026Rigol Technologies Co., Ltd., Annual General Meeting, May 27, 2026, at 13:00 China Standard Time. Location: No. 8, Keling Road, Suzhou National Hi-tech District, Jiangsu China
Reported Earnings • Apr 21First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.02 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.12 (up from CN¥0.02 in 1Q 2025). Revenue: CN¥231.6m (up 38% from 1Q 2025). Net income: CN¥23.2m (up CN¥19.4m from 1Q 2025). Profit margin: 10.0% (up from 2.3% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change).
お知らせ • Mar 30Rigol Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026Rigol Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026
Reported Earnings • Feb 18Full year 2025 earnings released: EPS: CN¥0.44 (vs CN¥0.49 in FY 2024)Full year 2025 results: EPS: CN¥0.44 (down from CN¥0.49 in FY 2024). Revenue: CN¥900.2m (up 16% from FY 2024). Net income: CN¥85.2m (down 7.7% from FY 2024). Profit margin: 9.5% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year.
Board Change • Jan 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Liu Jun was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Dec 26Rigol Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026Rigol Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026
New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.7% net profit margin).
Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.29 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.29 in 3Q 2024). Revenue: CN¥242.4m (up 6.4% from 3Q 2024). Net income: CN¥24.4m (down 53% from 3Q 2024). Profit margin: 10% (down from 23% in 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
お知らせ • Sep 30Rigol Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025Rigol Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025
お知らせ • Jun 30Rigol Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025Rigol Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025
Price Target Changed • Jun 26Price target increased by 19% to CN¥47.48Up from CN¥39.97, the current price target is provided by 1 analyst. New target price is 35% above last closing price of CN¥35.16. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.49 last year.
お知らせ • Jun 04Rigol Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025Rigol Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025, at 13:00 China Standard Time. Location: No. 8, Keling Road, National Hi-tech District, Suzhou, Jiangsu China
お知らせ • May 08Rigol Technologies Co., Ltd. (SHSE:688337) announces an Equity Buyback for CNY 50 million worth of its shares.Rigol Technologies Co., Ltd. (SHSE:688337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The repurchase price will not be more than CNY 56.79 per share. The repurchased shares will be used for equity incentive plans. The program is valid for 12 months.
Reported Earnings • May 03First quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.03 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.02 (down from CN¥0.03 in 1Q 2024). Revenue: CN¥167.8m (up 11% from 1Q 2024). Net income: CN¥3.78m (down 40% from 1Q 2024). Profit margin: 2.3% (down from 4.2% in 1Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Apr 05Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.875 to CN¥0.73 per share. Revenue forecast steady at CN¥950.0m. Net income forecast to grow 59% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥47.48 to CN¥39.97. Share price fell 2.0% to CN¥33.06 over the past week.
お知らせ • Mar 28Rigol Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Rigol Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
Reported Earnings • Mar 02Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.47 (down from CN¥0.60 in FY 2023). Revenue: CN¥775.8m (up 16% from FY 2023). Net income: CN¥88.9m (down 18% from FY 2023). Profit margin: 12% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.
分析記事 • Feb 14Investors Could Be Concerned With Rigol Technologies' (SHSE:688337) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
お知らせ • Dec 27Rigol Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025Rigol Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025
分析記事 • Dec 17Is Rigol Technologies (SHSE:688337) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Buy Or Sell Opportunity • Dec 11Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 80% to CN¥46.64. The fair value is estimated to be CN¥38.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 107% in the next 2 years.
Buy Or Sell Opportunity • Nov 11Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 87% to CN¥48.50. The fair value is estimated to be CN¥38.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 126% in the next 2 years.
お知らせ • Nov 05RIGOL Introduces Oscilloscope & Generator LinesIn a parallel to the traditional test setup of signal generation and signal acquisition, RIGOL Technologies announced the latest additions to its portfolio of performance measurement equipment with the introduction of the DG5000 Pro Series Generators and DHO/MHO5000 Series Oscilloscopes. The DHO/MHO5000 Series bring next-level performance to RIGOL's respected line of high-resolution oscilloscopes, while the DG5000 Pro generators do the same for the company's capable Pro Series arbitrary waveform generators. Combining 12-bit resolution with up to 1 GHz bandwidth, up to 8 channels, and mixed-signal configurations, the DHO/MHO5000 Series High-Resolution Oscilloscopes have a lot to offer designers, engineers, researchers, and educators alike. The DHO5000 Series models are dedicated digital oscilloscopes, with configurations offering 4 or 8 analog input channels and either 500 MHz or 1 GHz bandwidth. These instruments deliver 4 GSa/s maximum real-time sampling, with the 4-channel units providing that rate across all channels. For mixed-signal measurement applications, the MHO5000 Series models combine 4 or 6 analog input channels with 16 digital channels and similar bandwidth choices as the DHO5000 models. For additional utility, an integrated function generator is an available option for the 4-channel MHO5000 models. All 5000 Series oscilloscopes provide 12-bit resolution and 500 Mpts record length. A 10.1-inch color touch screen provides both user-friendly operation and improved signal visualization. The DHO/MHO5000 Series High-Resolution Oscilloscopes deliver the performance required for accurate testing of complex waveforms and support the measurement needs in a wide variety of applications, ranging from embedded systems debug and power supply test to three-phase motor test and multichannel data acquisition. DG5000 Pro – Higher Resolution. Higher Performance. Lower Price: Offering 16-bit vertical resolution, up to 500 MHz maximum output frequency, 2.5 GSa/s maximum sample rate and a blazingly fast 0.8 ns (800 ps) square wave rise time, the DG5000 Pro is primed to support the high-frequency waveform and complex sequence generation needs of engineers and researchers. The DG5000 Pro Series, in addition to the impressive banner specifications above, delivers a maximum arbitrary waveform length of 128 Mpts/channel (64 Mpts/channel is standard), and sports 10.1- inch color touch screen. The new generator also provides incredible utility by supporting multi-pulse output, a variety of analog and digital modulation types, and IQ digital modulation. Sequence Mode, introduced with the DG800/900 Pro generators, is an option and enables the playback of intricate pattern segments, with looping of up to 512 cycles. Sequence Mode also enables complex functions like repeat, wait, event, and jump. To address waveform generation risks—interference from ground loops, damage to sensitive electronic equipment due to potential differences, and signal impurity due to parasitic effects—found in some complex test environments, the DG5000 Pro includes ground isolation (requires battery holder option). The new DG5000 Pro Series Arbitrary Waveform Generators bring performance and value to applications including embedded circuit development, power device performance verification, automotive electronic design signal simulation, consumer electronic sensor signal simulation, logic chip development and optoelectronic device research. The DHO/MHO5000 Series High-Resolution Oscilloscopes and DG5000 Pro Series Arbitrary Waveform Generators are available to order now and begin shipping this month.
分析記事 • Nov 04Rigol Technologies (SHSE:688337) Posted Weak Earnings But There Is More To Worry AboutRigol Technologies Co., Ltd.'s ( SHSE:688337 ) weak earnings were disregarded by the market. Despite the market...
Major Estimate Revision • Nov 04Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥842.7m to CN¥788.0m. EPS estimate also fell from CN¥0.707 per share to CN¥0.585 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥31.12 to CN¥47.48. Share price rose 21% to CN¥43.59 over the past week.
分析記事 • Nov 01Investors Appear Satisfied With Rigol Technologies Co., Ltd.'s (SHSE:688337) Prospects As Shares Rocket 25%Despite an already strong run, Rigol Technologies Co., Ltd. ( SHSE:688337 ) shares have been powering on, with a gain...
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥227.8m (up 41% from 3Q 2023). Net income: CN¥52.5m (up 138% from 3Q 2023). Profit margin: 23% (up from 14% in 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.
Buy Or Sell Opportunity • Oct 15Now 21% undervaluedOver the last 90 days, the stock has risen 21% to CN¥30.59. The fair value is estimated to be CN¥38.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 90% in 2 years. Earnings are forecast to grow by 221% in the next 2 years.
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 135% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (6.9% increase in shares outstanding).
お知らせ • Sep 30Rigol Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Rigol Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
New Risk • Sep 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).
お知らせ • Aug 21Rigol Technologies Co., Ltd. (SHSE:688337) completed the acquisition of 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders.Rigol Technologies Co., Ltd. (SHSE:688337) agreed to acquire 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders for approximately CNY 250 million on January 8, 2024. Prior to the transaction, Rigol Technologies Co., Ltd. (SHSE:688337) held 32.2581%. Under the terms, Rigol Technologies is acquiring 67.74% stake in Beijing Naishu Technology for CNY 252 million by issuing 6,999,997 shares to Wu Qiongzhi, Sun Lin, Sun Ningxiao, Jin Zhaojian, Xu Jialin, Liu Jie and Xing Tonghe. Zhou Yanming, Wang Sheng and Zhang Wenjie of Guotai Junan Securities Co., Ltd. (SHSE:601211) acted as the financial advisor, Feng Cheng and Wang Fei of Jun He Law Offices acted as the legal advisor and Wang Qilin and Jia Shunhao of Zhonghua Certified Public Accountants LLP acted as the accountant for Rigol Technologies Co., Ltd. (SHSE:688337). The listed company has held the 2023 annual general meeting of shareholders on April 23, 2024 to review and approve the transaction plan. The transaction was approved by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission. As of Announcement on July 12, 2024, Rigol Technologies Co., Ltd. will issue 7.1 shares at a price of CNY 35.5 per share. Rigol Technologies Co., Ltd. (SHSE:688337) completed the acquisition of 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders on August 20, 2024.
New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Paying a dividend despite having no free cash flows. High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding).
お知らせ • Jun 28Rigol Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Rigol Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
分析記事 • Jun 07Capital Allocation Trends At Rigol Technologies (SHSE:688337) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥151.0m (down 3.5% from 1Q 2023). Net income: CN¥6.31m (down 73% from 1Q 2023). Profit margin: 4.2% (down from 15% in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.
分析記事 • Apr 19Why We're Not Concerned Yet About Rigol Technologies Co., Ltd.'s (SHSE:688337) 26% Share Price PlungeThe Rigol Technologies Co., Ltd. ( SHSE:688337 ) share price has fared very poorly over the last month, falling by a...
分析記事 • Apr 18Calculating The Intrinsic Value Of Rigol Technologies Co., Ltd. (SHSE:688337)Key Insights Using the 2 Stage Free Cash Flow to Equity, Rigol Technologies fair value estimate is CN¥31.04 With...
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥27.22, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 59% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.05 per share.
お知らせ • Apr 03Rigol Technologies Co., Ltd., Annual General Meeting, Apr 23, 2024Rigol Technologies Co., Ltd., Annual General Meeting, Apr 23, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China
お知らせ • Mar 29Rigol Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Rigol Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
分析記事 • Mar 27Shareholders In Rigol Technologies (SHSE:688337) Should Look Beyond Earnings For The Full StoryInvestors were disappointed with Rigol Technologies Co., Ltd.'s ( SHSE:688337 ) recent earnings release. Our analysis...
Major Estimate Revision • Mar 22Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.07b to CN¥888.5m. EPS estimate fell from CN¥1.13 to CN¥0.85 per share. Net income forecast to grow 45% next year vs 55% growth forecast for Electronic industry in China. Consensus price target down from CN¥68.63 to CN¥47.48. Share price fell 5.7% to CN¥36.73 over the past week.
分析記事 • Mar 04Rigol Technologies Co., Ltd. (SHSE:688337) Looks Just Right With A 28% Price JumpRigol Technologies Co., Ltd. ( SHSE:688337 ) shareholders are no doubt pleased to see that the share price has bounced...
Reported Earnings • Feb 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.60 (up from CN¥0.56 in FY 2022). Revenue: CN¥670.5m (up 6.3% from FY 2022). Net income: CN¥108.3m (up 17% from FY 2022). Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China.
お知らせ • Feb 07Rigol Technologies Co., Ltd. (SHSE:688337) announces an Equity Buyback for CNY 50 million worth of its shares.Rigol Technologies Co., Ltd. (SHSE:688337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not be more than CNY 58 per share. The repurchases will be funded using company’s own funds. The repurchased shares will be used for equity incentive plans. The program is valid for 12 months.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥31.10, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 58% over the past year.
Board Change • Jan 09Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Liu Jun was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Nov 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding).
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥161.8m (up 5.8% from 3Q 2022). Net income: CN¥22.0m (up 2.0% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China.
New Risk • Oct 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change).
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥42.21, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥74.61 per share.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥154.5m (up 6.7% from 2Q 2022). Net income: CN¥22.9m (down 5.7% from 2Q 2022). Profit margin: 15% (down from 17% in 2Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China.
Buying Opportunity • Aug 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.8%. The fair value is estimated to be CN¥65.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 603%. Revenue is forecast to grow by 92% in 2 years. Earnings is forecast to grow by 162% in the next 2 years.
お知らせ • Jun 28Rigol Technologies Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023Rigol Technologies Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023
Reported Earnings • Mar 31Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥0.83 (up from CN¥0.04 loss in FY 2021). Revenue: CN¥630.6m (up 30% from FY 2021). Net income: CN¥92.5m (up CN¥96.4m from FY 2021). Profit margin: 15% (up from net loss in FY 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CN¥0.83 (vs CN¥0.04 loss in FY 2021)Full year 2022 results: EPS: CN¥0.83 (up from CN¥0.04 loss in FY 2021). Revenue: CN¥630.6m (up 30% from FY 2021). Net income: CN¥92.5m (up CN¥96.4m from FY 2021). Profit margin: 15% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China.
Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.08 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥152.9m (up 13% from 3Q 2021). Net income: CN¥21.6m (up 162% from 3Q 2021). Profit margin: 14% (up from 6.1% in 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China.
Reported Earnings • Aug 08Second quarter 2022 earnings releasedSecond quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥144.8m (flat on 2Q 2021). Net income: CN¥24.3m (up CN¥24.3m from 2Q 2021). Profit margin: 17% (up from null in 2Q 2021). Over the next year, revenue is forecast to grow 40%, compared to a 26% growth forecast for the industry in China.
Reported Earnings • Apr 27First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: CN¥0.05. Revenue: CN¥116.7m (flat on 1Q 2021). Net income: CN¥4.28m (up CN¥4.28m from 1Q 2021). Profit margin: 3.7% (up from null in 1Q 2021).