Shandong Linglong TyreLtd Future Growth

Future criteria checks 4/6

Shandong Linglong TyreLtd is forecast to grow earnings and revenue by 21.9% and 15.3% per annum respectively. EPS is expected to grow by 21.2% per annum. Return on equity is forecast to be 11.2% in 3 years.

Key information

21.9%

Earnings growth rate

21.2%

EPS growth rate

Auto Components earnings growth	23.5%
Revenue growth rate	15.3%
Future return on equity	11.2%
Analyst coverage	Good
Last updated	27 Aug 2024

Recent future growth updates

Shandong Linglong Tyre Co.,Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Apr 27

Recent updates

We Think Shandong Linglong TyreLtd (SHSE:601966) Is Taking Some Risk With Its Debt

May 28

Shandong Linglong TyreLtd (SHSE:601966) Could Be Struggling To Allocate Capital

May 13

Shandong Linglong Tyre Co.,Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Apr 27

At CN¥20.65, Is It Time To Put Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) On Your Watch List?

Mar 27

Shandong Linglong TyreLtd (SHSE:601966) Takes On Some Risk With Its Use Of Debt

Feb 27

Earnings and Revenue Growth Forecasts

SHSE:601966 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	31,626	3,114	4,018	5,398	6
12/31/2025	28,457	2,673	-922	4,103	8
12/31/2024	24,624	2,187	1,354	3,967	8
6/30/2024	21,308	1,755	-634	2,169	N/A
3/31/2024	20,825	1,618	-1,247	1,685	N/A
12/31/2023	20,165	1,391	-1,926	1,199	N/A
9/30/2023	18,759	1,035	-2,849	-42	N/A
6/30/2023	17,840	742	-3,272	-370	N/A
3/31/2023	17,040	597	-3,433	-4	N/A
12/31/2022	17,006	292	-3,376	146	N/A
9/30/2022	17,041	76	-2,839	1,271	N/A
6/30/2022	16,944	126	-3,598	947	N/A
3/31/2022	17,944	202	-3,775	744	N/A
12/31/2021	18,579	789	-4,399	490	N/A
9/30/2021	19,451	1,551	-2,725	1,566	N/A
6/30/2021	20,178	2,098	-1,043	2,942	N/A
3/31/2021	19,788	2,343	-27	3,326	N/A
12/31/2020	18,383	2,220	1,842	4,292	N/A
9/30/2020	17,902	2,052	222	3,433	N/A
6/30/2020	17,098	1,839	44	2,998	N/A
3/31/2020	16,711	1,755	-115	2,648	N/A
12/31/2019	17,164	1,668	173	2,800	N/A
9/30/2019	16,766	1,512	-441	1,948	N/A
6/30/2019	16,369	1,383	251	2,624	N/A
3/31/2019	15,824	1,242	308	2,672	N/A
12/31/2018	15,302	1,181	-629	1,842	N/A
9/30/2018	14,647	1,212	1,199	3,159	N/A
6/30/2018	14,428	1,138	278	1,995	N/A
3/31/2018	14,056	1,017	N/A	1,642	N/A
12/31/2017	13,918	1,048	N/A	1,158	N/A
9/30/2017	13,417	954	N/A	255	N/A
6/30/2017	12,509	887	N/A	1,017	N/A
3/31/2017	11,660	992	N/A	1,540	N/A
12/31/2016	10,518	1,010	N/A	2,392	N/A
9/30/2016	9,731	1,245	N/A	1,224	N/A
6/30/2016	9,237	1,197	N/A	1,228	N/A
3/31/2016	8,847	932	N/A	1,272	N/A
12/31/2015	8,734	678	N/A	1,014	N/A
12/31/2014	10,278	834	N/A	769	N/A
12/31/2013	11,548	980	N/A	852	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601966's forecast earnings growth (21.9% per year) is above the savings rate (2.9%).

Earnings vs Market: 601966's earnings (21.9% per year) are forecast to grow faster than the CN market (17% per year).

High Growth Earnings: 601966's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 601966's revenue (15.3% per year) is forecast to grow faster than the CN market (10.5% per year).

High Growth Revenue: 601966's revenue (15.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 601966's Return on Equity is forecast to be low in 3 years time (11.2%).

Shandong Linglong TyreLtd Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Shandong Linglong Tyre Co.,Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Consensus EPS estimates fall by 20%

Price target decreased to CN¥28.60

Consensus forecasts updated

Price target decreased to CN¥28.60

Consensus EPS estimates fall by 13%

Recent updates

Shandong Linglong TyreLtd's (SHSE:601966) Returns Have Hit A Wall

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Not Many Are Piling Into Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) Just Yet

Shandong Linglong Tyre Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024

What Is Shandong Linglong Tyre Co.,Ltd.'s (SHSE:601966) Share Price Doing?

We Think Shandong Linglong TyreLtd (SHSE:601966) Is Taking Some Risk With Its Debt

Shandong Linglong TyreLtd (SHSE:601966) Could Be Struggling To Allocate Capital

Shandong Linglong Tyre Co.,Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Shandong Linglong Tyre Co.,Ltd., Annual General Meeting, May 15, 2024

First quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.15 in 1Q 2023)

Shandong Linglong Tyre Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024

At CN¥20.65, Is It Time To Put Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) On Your Watch List?

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

Shandong Linglong TyreLtd (SHSE:601966) Takes On Some Risk With Its Use Of Debt

Shandong Linglong Tyre Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Shandong Linglong Tyre Co.,Ltd. to Report Q3, 2023 Results on Oct 24, 2023

New minor risk - Earnings quality

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Shandong Linglong Tyre Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023

Now 22% undervalued after recent price drop

Full year 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.58 in FY 2021)

Consensus EPS estimates fall by 20%

Price target decreased to CN¥28.60

Less than half of directors are independent

Consensus forecasts updated

Price target decreased to CN¥28.60

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) announces an Equity Buyback for CNY 300 million worth of its shares.

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 13%

Consensus revenue estimates fall by 10%

Price target decreased to CN¥34.76

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Price target decreased to CN¥38.71

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.58 in 3Q 2020)

Investor sentiment improved over the past week

Shandong Linglong Tyre Co., Ltd. announced that it expects to receive CNY 2.5 billion in funding

Price target decreased to CN¥56.25

Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.45 in 2Q 2020)

Price target increased to CN¥66.32

First quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.31 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥1.82 (vs CN¥1.41 in FY 2019)

Price target increased to CN¥46.25

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: CN¥50.30

New 90-day high: CN¥42.40

Investor sentiment improved over the past week

New 90-day high: CN¥35.17

Price target raised to CN¥36.37

New 90-day high: CN¥34.58

New 90-day high: CN¥31.80

Third quarter earnings released

Third-quarter earnings released: Earnings beat expectations, revenue disappoints

Price target raised to CN¥32.71

Shandong Linglong Tyre Co.,Ltd. to Report Q3, 2020 Results on Oct 22, 2020

New 90-day high: CN¥29.98

New 90-day high - CN¥25.91

Price target raised to CN¥30.97

New 90-day high - CN¥25.09

Shandong Linglong Tyre Co.,Ltd. to Report First Half, 2020 Results on Aug 12, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts