Hefei Meyer Optoelectronic Technology Future Growth

Future criteria checks 2/6

Hefei Meyer Optoelectronic Technology is forecast to grow earnings and revenue by 16.2% and 12.8% per annum respectively. EPS is expected to grow by 15.7% per annum. Return on equity is forecast to be 27% in 3 years.

Key information

16.2%

Earnings growth rate

15.7%

EPS growth rate

Machinery earnings growth	31.7%
Revenue growth rate	12.8%
Future return on equity	27.0%
Analyst coverage	Good
Last updated	06 Nov 2024

Recent future growth updates

Earnings Miss: Hefei Meyer Optoelectronic Technology Inc. Missed EPS By 6.4% And Analysts Are Revising Their Forecasts

Apr 02

Recent updates

Improved Earnings Required Before Hefei Meyer Optoelectronic Technology Inc. (SZSE:002690) Stock's 37% Jump Looks Justified

Oct 08

There's No Escaping Hefei Meyer Optoelectronic Technology Inc.'s (SZSE:002690) Muted Earnings

Aug 08

Hefei Meyer Optoelectronic Technology (SZSE:002690) Is Investing Its Capital With Increasing Efficiency

May 22

Investors Aren't Buying Hefei Meyer Optoelectronic Technology Inc.'s (SZSE:002690) Earnings

Apr 25

Hefei Meyer Optoelectronic Technology (SZSE:002690) Strong Profits May Be Masking Some Underlying Issues

Apr 05

Earnings Miss: Hefei Meyer Optoelectronic Technology Inc. Missed EPS By 6.4% And Analysts Are Revising Their Forecasts

Apr 02

Earnings and Revenue Growth Forecasts

SZSE:002690 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,087	890	618	924	8
12/31/2025	2,727	773	526	698	9
12/31/2024	2,365	623	581	790	6
9/30/2024	2,346	632	728	747	N/A
6/30/2024	2,388	670	624	657	N/A
3/31/2024	2,350	721	591	618	N/A
12/31/2023	2,425	745	642	675	N/A
9/30/2023	2,275	736	538	590	N/A
6/30/2023	2,180	752	493	539	N/A
3/31/2023	2,122	742	408	464	N/A
1/1/2023	2,117	730	240	316	N/A
9/30/2022	1,939	639	294	364	N/A
6/30/2022	1,896	586	284	375	N/A
3/31/2022	1,865	517	388	487	N/A
12/31/2021	1,813	511	477	579	N/A
9/30/2021	1,822	540	435	565	N/A
6/30/2021	1,801	540	486	584	N/A
3/31/2021	1,689	507	363	466	N/A
12/31/2020	1,496	438	323	415	N/A
9/30/2020	1,498	470	337	398	N/A
6/30/2020	1,429	485	325	415	N/A
3/31/2020	1,447	522	331	420	N/A
12/31/2019	1,501	545	412	502	N/A
9/30/2019	1,429	529	340	438	N/A
6/30/2019	1,336	485	299	376	N/A
3/31/2019	1,296	466	323	392	N/A
12/31/2018	1,240	448	374	423	N/A
9/30/2018	1,179	423	438	473	N/A
6/30/2018	1,137	393	N/A	419	N/A
3/31/2018	1,095	367	N/A	431	N/A
12/31/2017	1,094	365	N/A	442	N/A
9/30/2017	1,034	353	N/A	425	N/A
6/30/2017	978	333	N/A	454	N/A
3/31/2017	921	313	N/A	418	N/A
12/31/2016	901	309	N/A	331	N/A
9/30/2016	915	294	N/A	203	N/A
6/30/2016	897	295	N/A	139	N/A
3/31/2016	871	295	N/A	93	N/A
12/31/2015	841	289	N/A	141	N/A
9/30/2015	749	271	N/A	162	N/A
6/30/2015	697	257	N/A	174	N/A
3/31/2015	657	245	N/A	161	N/A
12/31/2014	661	251	N/A	216	N/A
9/30/2014	637	253	N/A	242	N/A
6/30/2014	609	243	N/A	222	N/A
3/31/2014	584	230	N/A	242	N/A
12/31/2013	568	208	N/A	195	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002690's forecast earnings growth (16.2% per year) is above the savings rate (2.8%).

Earnings vs Market: 002690's earnings (16.2% per year) are forecast to grow slower than the CN market (26% per year).

High Growth Earnings: 002690's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002690's revenue (12.8% per year) is forecast to grow slower than the CN market (13.9% per year).

High Growth Revenue: 002690's revenue (12.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002690's Return on Equity is forecast to be high in 3 years time (27%)

Hefei Meyer Optoelectronic Technology Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 14% to CN¥16.68

Consensus revenue estimates fall by 11%

Earnings Miss: Hefei Meyer Optoelectronic Technology Inc. Missed EPS By 6.4% And Analysts Are Revising Their Forecasts

Price target decreased by 8.0% to CN¥25.03

Price target decreased by 11% to CN¥32.10

Price target increased by 8.3% to CN¥36.37

Recent updates

Price target decreased by 14% to CN¥16.68

Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2023)

Improved Earnings Required Before Hefei Meyer Optoelectronic Technology Inc. (SZSE:002690) Stock's 37% Jump Looks Justified

Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2024 Results on Oct 26, 2024

Investor sentiment improves as stock rises 19%

Consensus revenue estimates fall by 11%

Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.25 in 2Q 2023)

There's No Escaping Hefei Meyer Optoelectronic Technology Inc.'s (SZSE:002690) Muted Earnings

Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2024 Results on Aug 22, 2024

Hefei Meyer Optoelectronic Technology (SZSE:002690) Is Investing Its Capital With Increasing Efficiency

Dividend of CN¥0.70 announced

First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 1Q 2023)

Investors Aren't Buying Hefei Meyer Optoelectronic Technology Inc.'s (SZSE:002690) Earnings

Hefei Meyer Optoelectronic Technology (SZSE:002690) Strong Profits May Be Masking Some Underlying Issues

Earnings Miss: Hefei Meyer Optoelectronic Technology Inc. Missed EPS By 6.4% And Analysts Are Revising Their Forecasts

Full year 2023 earnings: EPS misses analyst expectations

Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 23, 2024

Price target decreased by 8.0% to CN¥25.03

Investor sentiment improves as stock rises 22%

Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2023 Results on Mar 30, 2024

Now 20% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.26 in 3Q 2022)

Price target decreased by 11% to CN¥32.10

Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 2Q 2022)

Insufficient new directors

Hefei Meyer Optoelectronic Technology Inc. Announces Implements Final Profit Distribution Plan of A Shares for 2022, Payable on May 11, 2023

First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2022)

Investor sentiment improves as stock rises 15%

Price target increased by 8.3% to CN¥36.37

Now 20% undervalued

Now 21% undervalued

Now 20% undervalued after recent price drop

Now 20% undervalued

Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.20 in 3Q 2021)

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.16 in 2Q 2021)

Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend on A Shares for the Year 2021, Payable on May 13, 2022

Price target decreased to CN¥41.98

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 15%

Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 26, 2022

Price target decreased to CN¥48.37

Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend for the Year 2021

Full year 2021 earnings: EPS and revenues miss analyst expectations

Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.27 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.16 in 2Q 2020)

First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.057 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019)

Price target lowered to CN¥55.51

Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019)

New 90-day low: CN¥39.60

Investor sentiment deteriorated over the past week

Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2020 Results on Apr 08, 2021

Market bids up stock over the past week

New 90-day low: CN¥45.50

Third quarter earnings released

Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2020 Results on Oct 28, 2020

New 90-day low: CN¥47.95

Earnings released

Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2020 Results on Aug 26, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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