Avicopter Future Growth

Future criteria checks 2/6

Avicopter is forecast to grow earnings and revenue by 18.9% and 18.4% per annum respectively. EPS is expected to grow by 16% per annum. Return on equity is forecast to be 7.8% in 3 years.

Key information

18.9%

Earnings growth rate

16.0%

EPS growth rate

Aerospace & Defense earnings growth	28.4%
Revenue growth rate	18.4%
Future return on equity	7.8%
Analyst coverage	Good
Last updated	29 Apr 2024

Recent future growth updates

Earnings Update: Here's Why Analysts Just Lifted Their Avicopter Plc (SHSE:600038) Price Target To CN¥47.00

Mar 18

Recent updates

Unpleasant Surprises Could Be In Store For Avicopter Plc's (SHSE:600038) Shares

Apr 18

We Think That There Are Some Issues For Avicopter (SHSE:600038) Beyond Its Promising Earnings

Mar 23

Earnings Update: Here's Why Analysts Just Lifted Their Avicopter Plc (SHSE:600038) Price Target To CN¥47.00

Mar 18

Earnings and Revenue Growth Forecasts

SHSE:600038 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	39,175	932	N/A	173	4
12/31/2025	34,206	863	N/A	1,714	6
12/31/2024	28,411	607	N/A	-410	5
3/31/2024	23,421	588	1,041	1,254	N/A
12/31/2023	23,330	443	518	717	N/A
9/30/2023	24,666	602	-8,273	-7,935	N/A
6/30/2023	23,335	467	-8,487	-8,189	N/A
3/31/2023	21,130	361	-6,179	-5,930	N/A
12/31/2022	19,473	388	-1,825	-1,686	N/A
9/30/2022	18,209	343	-1,330	-1,231	N/A
6/30/2022	19,149	548	-851	-720	N/A
3/31/2022	20,215	761	3	144	N/A
12/31/2021	21,790	913	1,316	1,450	N/A
9/30/2021	21,661	886	-495	-337	N/A
6/30/2021	21,369	842	-150	23	N/A
3/31/2021	20,903	870	-1,148	-979	N/A
12/31/2020	19,655	758	-846	-685	N/A
9/30/2020	17,453	674	-221	-69	N/A
6/30/2020	16,572	646	389	493	N/A
3/31/2020	15,360	561	631	731	N/A
12/31/2019	15,795	588	676	770	N/A
9/30/2019	15,409	609	899	976	N/A
6/30/2019	14,607	574	-380	-297	N/A
3/31/2019	13,312	518	1,256	1,342	N/A
12/31/2018	13,066	510	843	955	N/A
9/30/2018	12,433	490	627	762	N/A
6/30/2018	12,098	534	643	781	N/A
3/31/2018	12,101	455	-355	-221	N/A
12/31/2017	12,048	455	N/A	614	N/A
9/30/2017	12,065	407	N/A	1,049	N/A
6/30/2017	12,274	364	N/A	1,184	N/A
3/31/2017	12,165	455	N/A	-21	N/A
12/31/2016	12,522	439	N/A	-298	N/A
9/30/2016	12,697	452	N/A	244	N/A
6/30/2016	12,549	425	N/A	658	N/A
3/31/2016	12,446	431	N/A	2,165	N/A
12/31/2015	12,544	437	N/A	602	N/A
9/30/2015	12,463	379	N/A	131	N/A
6/30/2015	12,572	366	N/A	-217	N/A
3/31/2015	12,501	335	N/A	-863	N/A
12/31/2014	12,455	332	N/A	-256	N/A
9/30/2014	11,508	327	N/A	-381	N/A
6/30/2014	11,650	269	N/A	-21	N/A
3/31/2014	11,264	255	N/A	-260	N/A
12/31/2013	10,831	247	N/A	231	N/A
9/30/2013	14,845	330	N/A	-1,560	N/A
6/30/2013	12,617	326	N/A	-1,361	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600038's forecast earnings growth (18.9% per year) is above the savings rate (2.9%).

Earnings vs Market: 600038's earnings (18.9% per year) are forecast to grow slower than the CN market (23.3% per year).

High Growth Earnings: 600038's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600038's revenue (18.4% per year) is forecast to grow faster than the CN market (14% per year).

High Growth Revenue: 600038's revenue (18.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 600038's Return on Equity is forecast to be low in 3 years time (7.8%).

Avicopter Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 21%

Earnings Update: Here's Why Analysts Just Lifted Their Avicopter Plc (SHSE:600038) Price Target To CN¥47.00

Consensus EPS estimates increase by 11%

Consensus EPS estimates fall by 26%

Avicopter plc Provides Earnings Guidance for the First Half of 2023

Avicopter plc Provides Earnings Guidance for the Year of 2022

Recent updates

First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.024 in 1Q 2023)

Less than half of directors are independent

Unpleasant Surprises Could Be In Store For Avicopter Plc's (SHSE:600038) Shares

New minor risk - Shareholder dilution

We Think That There Are Some Issues For Avicopter (SHSE:600038) Beyond Its Promising Earnings

Consensus EPS estimates fall by 21%

Earnings Update: Here's Why Analysts Just Lifted Their Avicopter Plc (SHSE:600038) Price Target To CN¥47.00

Full year 2023 earnings: EPS misses analyst expectations

Avicopter Plc (SHSE:600038) completed the acquisition of Changhe Aircraft Industry (Group) Co., Ltd. and Harbin Aircraft Industry Group Co., Ltd. from AviChina Industry & Technology Company Limited (SEHK:2357) and Aviation Industry Corporation of China, Ltd.

Avicopter Plc (SHSE:600038) completed the acquisition of Changhe Aircraft Industry (Group) Co., Ltd. and Harbin Aircraft Industry Group Co., Ltd. from AviChina Industry & Technology Company Limited (SEHK:2357) and Aviation Industry Corporation of China, Ltd.

Consensus EPS estimates increase by 11%

Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.052 in 3Q 2022)

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 26%

Avicopter plc Provides Earnings Guidance for the First Half of 2023

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Avicopter plc Provides Earnings Guidance for the Year of 2022

Avicopter Plc announced that it expects to receive funding from AviChina Industry & Technology Company Limited, AVIC Aerospace System Co., Ltd. and other investors

Less than half of directors are independent

Price target decreased to CN¥59.03

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to CN¥64.10

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates fall by 19%

AviChina Industry & Technology Company Limited (SEHK:2357) completed the additional 39.49% stakes in Avicopter Plc (SHSE:600038) from Harbin Aviation Industry (Group) Co., Ltd. and AVIC Helicopter Co., Ltd.

Investor sentiment improved over the past week

Avicopter plc Provides Earnings Guidance for the First Half of 2022

Investor sentiment deteriorated over the past week

Price target decreased to CN¥71.17

Less than half of directors are independent

Full year 2021 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.33 in 3Q 2020)

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.42 in 2Q 2020)

Investor sentiment improved over the past week

AVICOPTER PLC Provides Earnings Guidance for the First Half of 2021

Guoxin Investment Co., Ltd., completed the acquisition of 5% stake in Avicopter Plc (SHSE:600038) from Tianjin Binjiang Helicopter Co., Ltd.

First quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.088 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥1.29 (vs CN¥1.00 in FY 2019)

New 90-day low: CN¥47.50

Avicopter Plc to Report Fiscal Year 2020 Results on Mar 16, 2021

New 90-day high: CN¥58.80

New 90-day low: CN¥48.86

Third quarter earnings released

New 90-day low: CN¥49.52

Earnings released

Price target raised to CN¥59.51

New 90-day high - CN¥60.81

Avicopter Plc to Report First Half, 2020 Results on Aug 22, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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